WASHINGTON, D.C.—July 16, 2010—The Futures Industry Association today released the following statement by FIA President John Damgard following the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
“The FIA congratulates Congress and the President on this historic achievement. We especially thank Chairman Dodd and Chairman Frank for their leadership in this effort and the members of the House and Senate Agriculture Committees and Chairman Peterson and Chairman Lincoln for all their work on the derivatives title of the legislation. In the months ahead we will work with all the regulators by providing the information they need to ensure that our markets remain the safest and most competitive in the world. As an industry, we have many challenges ahead in educating users and transforming our infrastructures. We will draw on our expertise in the exchange traded and cleared markets to help move derivatives markets to the next stage.”
