February 10, 2000

The Senate Agriculture, Nutrition and Forestry Committee will hold a hearing to discuss the President's Working Group's report on over-the-counter derivatives in the context of re-authorizing the Commodity Exchange Act (CEA) which expires this year.

Opening Statement by Chairman Richard G. Lugar
United States Senator for Indiana

Panel I : Head of the President's Working Group

Laurence Summers, Secretary
Department of the Treasury

Panel II: Members of the President's Working Group

Alan Greenspan
Chairman of the Board of Governors of the Federal Reserve System
Member of the President's Working Group on Financial Markets

William Rainer
Chairman of the Commodity Futures Trading Commission
Member of the President's Working Group on Financial Markets

Annette Nazareth
Director of Market Regulation of the Securities and Exchange Commission
Member of the President's Working Group on Financial Markets

Panel III: Representatives of the Futures Exchanges and the OTC Derivatives Community

David Brennan, Chairman
Chicago Board of Trade

Chairman Daniel Rappaport
New York Mercantile Exchange

Mr. Jerold Salzman (Replaced Chairman Gordon, but gave Chairman Gordon's testimony)
Chicago Mercantile Exchange

(Check grove link)

Mr. Richard Grove
Chief Executive Officer
International Swaps and Derivatives Association (ISDA)

Mr. Edward Rosen, Counnsel
Ad Hoc Coalition of Commercial and Investment Banks

 


Senate Committee on Agriculture, Nutrition & Forestry
SR-328A  Russell Senate Office Building, Washington, DC. 20510-1401
202-224-2035