Gensler: CFTC to Start Volcker Talks Within the Agency


The head of the U.S. swaps regulator said on Monday he would share a draft of the Volcker rule with others in the agency, a sign that one of the most controversial pieces of post-crisis Wall Street reform is nearing completion.

"There's still significant work among the agencies on the preamble and possibly the rule text, but I feel that we're far enough along that I want to provide my fellow commissioners with the document," said Gary Gensler, chairman of the Commodity Futures Trading Commission.

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Speaking at an industry event, Gensler said that he hoped to share a so-called "pens-down" version of the text - which means that agency staff have stopped amending it - with other CFTC commissioners on Tuesday.