CFTC's Chilton calls for simplification of Volcker rule

Bart Chilton, a member of the Commodity Futures Trading Commission, said he has sent a letter to other regulatory agencies suggesting that the CFTC could help write the Volcker rule. "We need to keep the regulations simple. We need to keep our eye on the big picture," Chilton said. "The line between hedging and speculation [at the banks] is very thin."

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