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CFTC may use enforcement to ensure trade-reporting consistency, Gensler says

By Neil Roland ( November 5, 2013, 21:41 GMT | Insight) -- Gary Gensler, head of the US Commodity Futures Trading Commission, threatened possible enforcement action if banks don’t report derivative trades in a more consistent manner. CFTC staff also has started working with banks and the three US trade repositories to try to standardize the reporting formats used.Gary Gensler, head of the US Commodity Futures Trading Commission, on Tuesday threatened possible enforcement action if banks don’t report derivative trades in a more consistent manner....

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