SEC And CFTC Say Reduced Budgets Pose Challenge

Mani

Published onJune 26, 2013

Updated on May 13, 2021

SEC and CFTC, two of the country’s leading financial regulators, bemoaned sequestration, highlighting that reduced budgets pose challenges to oversee markets and its participants.

Mary Jo White, SEC chairman and Gary Genseler, CFTC chairman, testified before a Senate appropriations panel on the two agencies’ budgets. They sought about $220 million in additional funding for 2014 budgets.

In his testimony to the Senate appropriations panel, CFTC Chairman Gary Genseler indicated...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

SEC And CFTC Say Reduced Budgets Pose Challenge

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