CFTC Chief Feels Need for Speed

``Congress gave the bulk of authority for dealing with over-the-counter derivatives—financial instruments that allow investors, companies and others to hedge against risk—to the CFTC. The move expanded the agency's jurisdiction from the $40 trillion futures market to include the nearly $300 trillion swaps market. Most of the rules must be completed one year after the law's passage and, to meet that deadline, the CFTC has been considering as many as six rules a week. That is about the same number the agency used to finish in an entire year.''