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.

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