CFTC Chair Gensler to Speak on OTC Derivatives, Transparency, Trading

Address to Target Financial Executives at Global Corporate Treasurers Forum

WASHINGTON, April 30 /PRNewswire/ -- Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission and former Undersecretary of the Treasury, will speak May 18 on OTC Derivatives -- Transparency and Trading. The audience will include treasurers and CFOs of the largest U.S. companies.

Mr. Gensler will discuss the need to bring transparency to both regulators and the public because one of the lessons from the 2008 financial crisis was that transparency is critical to lowering risk in the marketplace.

WHAT: Keynote Address on OTC Derivatives -- Transparency & Trading.  This event is part of the 2010 Global Corporate Treasurers Forum, hosted by the Association for Financial Professionals (AFP).  Bank of America Merrill Lynch is the exclusive sponsor of this event.

WHO: Gary Gensler was sworn in as the Chairman of the Commodity Futures Trading Commission on May 26, 2009. Chairman Gensler previously served at the U.S. Department of the Treasury as Under Secretary of Domestic Finance (1999-2001) and as Assistant Secretary of Financial Markets (1997-1999).  He subsequently served as a Senior Advisor to the Chairman of the U.S. Senate Banking Committee, Senator Paul Sarbanes, on the Sarbanes-Oxley Act, reforming corporate responsibility, accounting and securities laws.

As Under Secretary of the Treasury, Chairman Gensler was the principal advisor to Treasury Secretary Robert Rubin and later to Secretary Lawrence Summers on all aspects of domestic finance.  The office was responsible for formulating policy and legislation in the areas of U.S. financial markets, public debt management, the banking system, financial services, fiscal affairs, federal lending, Government Sponsored Enterprises, and community development.  In recognition of this service, he was awarded Treasury's highest honor, the Alexander Hamilton Award.

Prior to joining Treasury, Chairman Gensler worked for 18 years at Goldman Sachs, where he was selected as a partner; in his last role, he was Co-head of Finance.

Chairman Gensler is the co-author of a book, The Great Mutual Fund Trap, which presents common sense investment advice for middle income Americans.

He is a summa cum laude graduate from the University of Pennsylvania's Wharton School in 1978, with a Bachelor of Science in Economics and received a Master of Business Administration from the Wharton School's graduate division in 1979.

WHEN: Tuesday, May 18, 8:30 - 9:30 a.m.

WHERE: 2010 Global Corporate Treasurers Forum

The Four Seasons Washington DC

2800 Pennsylvania Avenue, NW

Washington, DC 20007

MEDIA COVERAGE AND PRESS REGISTRATION: Press must pre-register with the Association for Financial Professionals, the host of this event.

Press registration:  www.afponline.org/gctfpress for details.

Conference agenda:  www.afponline.org/annual.

Questions: [email protected]

ABOUT AFP® (www.afponline.org/about)

The Association for Financial Professionals (AFP) serves a network of more than 16,000 treasury and finance professionals. Headquartered outside Washington, DC, AFP provides members with news, economic research and data on the evolving world of treasury and finance, as well as treasury certification programs, networking events, financial analytical tools, training, and public policy representation to legislators and regulators. AFP is the daily resource for treasury and finance professionals.

AFP's global reach extends to over 150,000 treasury and financial professionals worldwide, including AFP of Canada; London-based gtnews, an on-line resource for the treasury and finance community; and bobsguide, a financial IT solutions network.

SOURCE Association for Financial Professionals