Washington DC, 3 February 2010

The U.S. Commodity Futures Trading Commission plans to use funding under the Obama Administration's new budget to create new offices to deal with new risks to the markets, a spokesman said on Wednesday. Few details have been ironed out concerning the proposed Planning Office and Office of Risk Management, but they are moving forward, said David Gary, a CFTC spokesman.

The new risk management office would allow CFTC "to more effectively anticipate and react to emerging risks to markets and institutions," Gary said.

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