Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, is using a heavy hand in his approach to writing derivatives regulations, according to derivatives players, and it’s making them nervous. Gensler’s approach has been compared to that of Mary Schapiro, his counterpart at the U.S. Securities and Exchange Commission, which derivatives executives said may make sense for the SEC as it regulates stocks, but not for derivatives.
