cftc chairman speaks about transparency in some opaque financial markets:

“The only parties that benefit from a lack of transparency are Wall Street dealers,” Mr Gensler told a New York derivatives conference. “Right now we have a dealer-dominated world, and that nearly drove us off a cliff.”

Mr Gensler, a former Goldman Sachs executive, said: “To promote public transparency, standard over-the-counter derivatives should be traded on exchanges or other trading platforms.” He also called for explicit regulation of derivatives dealers and the use of clearing for standard OTC derivatives.

Mr Gensler’s call for increased “post-trade transparency” – or a “tape” on which prices would be reported soon after trade – were also endorsed by other US regulators with responsibility for derivatives markets.

http://www.ft.com/cms/s/0/237e6572-2bde-11df-8033-00144feabdc0,s01=1.html?nclick_check=1