Quintenz: former CFTC leadership failed commodities end-users
Commissioner says regulator “poorly defined populations and risk” under Obama administration
Commodity Futures Trading Commission (CFTC) commissioner Brian Quintenz says the regulator’s leadership during the Obama administration poorly applied broad regulations and ignored intricate risks that led to unnecessary uncertainty among commodities end-users.
“The prior leadership at the commission poorly defined populations and risk while broadly imposing costs. Good public policy always appropriately defines risk, then defines the population relative to that risk. It then tailors its
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