Securities and Exchange Commission Chairman Mary Schapiro said today a merger between her agency and the Commodity Futures Trading Commission could be a logical move towards improving efficiencies.
In testimony today before the Senate Appropriations Subcommittee on Financial Services, Schapiro acknowledged that that two agencies "can do a better job" of working together, The Wall Street Journal reported. Schapiro used to serve as chairman of the CFTC, which regulates commodity futures and option markets in the United States.
"I have argued both for and against a merger over the years," Schapiro said. "There is a logic and efficiency that can be achieved in the merger of the two agencies."
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