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May 22, 2012

Derivatives Market Regulation and Oversight

Mary Schapiro and Gary Gensler testified on the derivatives market and the ongoing implementation of the Dodd-Frank 2010 financial regulatio… read more

Mary Schapiro and Gary Gensler testified on the derivatives market and the ongoing implementation of the Dodd-Frank 2010 financial regulations law. Much of the hearing focused on JPMorgan Chase’s recent $2 billion trading loss, which Chairs Schapiro and Gensler said they heard about via media reports. Chair Schapiro said that according to preliminary investigation, JPMorgan Chases losses happened out of the U.S.; therefore, the Securities and Exchange Commission (SEC) had no oversight or knowledge. She added that if Dodd-Frank had been fully implemented, regulators could have spotted the loss. close

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Bob Corker U.S. Senator (Class 1) [R] Tennessee
Gary G. Gensler Chair Commodity Futures Trading Commission

Kay R Hagan U.S. Senator [D] North Carolina
Mike Johanns U.S. Senator [R] Nebraska
Tim P. Johnson U.S. Senator [D] South Dakota
Bob Menendez U.S. Senator (Class 1) [D] New Jersey
Jeff Merkley U.S. Senator (Class 2) [D] Oregon
Jack Reed U.S. Senator (Class 2) [D] Rhode Island
Mary L. Schapiro Chair Securities and Exchange Commission
Chuck Schumer U.S. Senator (Class 3) [D] New York
Richard C. Shelby U.S. Senator (Class 3) [R] Alabama
Pat Toomey U.S. Senator (Class 3) [R] Pennsylvania
Mark R. Warner U.S. Senator (Class 2) [D] Virginia

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Senate Banking, Housing, and Urban Affairs Committee

1,301 Views

Program ID:: 306162-1
Category:: Senate Committee
Format:: Senate Committee
Location:: Washington, District of Columbia, United States
First Aired:: May 22, 2012 | 10:06am EDT | C-SPAN 1
Last Aired:: May 27, 2012 | 3:15pm EDT | C-SPAN 1

Airing Details

May 22, 2012 | 10:00am EDT | C-SPAN RADIO
May 22, 2012 | 10:06am EDT | C-SPAN 1
May 22, 2012 | 1:55pm EDT | C-SPAN 2
May 22, 2012 | 8:01pm EDT | C-SPAN 1
May 23, 2012 | 12:37am EDT | C-SPAN 1
May 23, 2012 | 5:02am EDT | C-SPAN 1
May 23, 2012 | 1:59pm EDT | C-SPAN 3
May 24, 2012 | 6:14pm EDT | C-SPAN 3
May 27, 2012 | 3:15pm EDT | C-SPAN 1

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