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Schapiro To Hire Derivatives Specialists
Mary Schapiro, chair of the U.S. Securities and Exchange Commission, testified before Congress that she would use USD74 million of a requested SEC budget of $1.4 billion to hire derivatives specialists, reports Bloomberg.
Mary Schapiro, chair of the U.S. Securities and Exchange Commission, testified before Congress that she would use USD74 million of a requested SEC budget of $1.4 billion to hire derivatives specialists, increase oversight of credit raters and to oversee compliance of Dodd-Frank requirements. Schapiro said 60% of the new hires would be assigned to implement the Dodd-Frank Act.