FFC Supports Derivatives Trading Regulation

August 6, 2013

Friends Fiduciary joined Interfaith Center for Corporate Responsibility (ICCR) members in questioning six influential U.S. Senators who are lobbying for a delay in the implementation of a regulatory framework to monitor and regulate derivatives trading.  The regulations were developed by the Commodity Future Trading Commission (CFTC) as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Unchecked derivatives trading played a major role in the crash of the U.S. and global financial system, which resulted in many citizens losing their homes, jobs and pensions. We believe the framework proposed by the CFTC is in the best interests of our financial system, investors and all citizens who rely on its stability and transparency. To see the full letter, click here.