CFTC to open risk management office
The proposals to create a Planning Office and a Risk Management Office are moving forward, according to a CFTC spokesperson. They will be funded by the Obama Administration's proposed 2011 budget, which includes a 28% boost in funding to $216 million for the CFTC. An additional $45 million would go to CFTC if Congress passes legislation to overhaul US financial regulation.
"The primary functions of the Risk Management Office would be to develop and co-ordinate a CFTC-wide risk management
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