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Financial Services Committee

December 12, 1012 - House Financial Services Subcommittee on Capital Markets hearing entitled "Challenges Facing the U.S. Capital Markets to Effectively Implement Title VII of the Dodd/Frank Act."

Despite the broad nature of the hearing topic as described in the notice, the issue of cross boarder regulation soon became the dominant theme of the day.

The first witness, Chairman Gensler of the CFTC, did take the opportunity to report that the CFTC has completely about 80& of the work it needs to do to implement the Dodd/Frank Act.. He also predicted the completion of the cross boarder regulation during the first half of 2013.