Hearing to Review Proposed Legislation by the U.S. Department of Treasury Regarding the Regulation of Over-The-Counter Derivatives Markets, Part One

1300 Longworth House Office Building, Washington, D.C.
| Sep 17, 2009 10:30am

WASHINGTON - On September 17, 2009, the House Agriculture Committee reviewed the Treasury Department’s legislative proposal regulating the over-the-counter (OTC) market for derivatives. The Committee conducted the first of two hearings to examine Treasury’s proposals by hearing from two panels of industry stakeholders.

Transcripts

Transcript: 

Transcript

Witnesses

Panel 1

Mr. Jon Hixson , Director, Federal Government Relations, Cargill, Inc., Washington, D.C.

Mr. Glenn English , President, National Rural Electric Cooperatives Association, Washington, D.C.

Mr. Dave Schryver , Executive Vice President, American Public Gas Association, Washington, D.C.

Mr. Richard B. Hirst , Senior Vice President and General Counsel, Delta Air Lines, Minneapolis, Minnesota

Panel 2

Mr. Gary N. O'Connor , Chief Product Officer, International Derivatives Clearing Group, LLC, New York, New York

Mr. John M. Damgard , President, Futures Industry Association, Washington, D.C.

Mr. Terrence A. Duffy , Executive Chairman, CME Group Inc., Chicago, Illinois

Mr. Robert Pickel , CEO, International Swaps & Derivatives Association, New York, New York

Mr. Johnathan Short , Vice President and General Counsel, IntercontinentalExchange, Inc., Atlanta, Georgia

Mr. Daniel N. Budofsky , Davis Polk & Wardwell LLP, on behalf of the Securities Industry and Financial Markets Association, New York, New York