Opening Statement by Agriculture Committee Ranking Member Collin C. Peterson Hearing to Review the 2016 Agenda for the Commodity Futures Trading Commission

Feb 12, 2016 Issues: Congressional Issues

“Thank you Mr. Chairman. And thank you Chairman Massad, for joining us today.

“I’m looking forward to hearing more about the Commission’s efforts to harmonize its rules with foreign regulators, create margin rules as a protection in the un-cleared swaps market, address cybersecurity and automated trading, and improve data collection. I would also like to hear the Chairman’s thoughts on the state of the derivatives markets today, given the fluctuations we’ve seen in the markets since the start of the year.

“The CFTC’s mission is to protect the integrity of the derivative markets. In turn, the CFTC protects not just our constituents who use these markets, but the economy as a whole. Chairman Massad, I look forward to your testimony and I yield back the balance of my time.”