CFTC Commissioner Bart Chilton's Statement on Cross-Border Guidance and Exemptive Order (with Lofchie Comment)

Commissioner Chilton commended the CFTC, saying "we’ve done way more than other financial regulators."

Lofchie Comment: Commissioner Chilton may be right that the CFTC has done way more than other financial regulators. However, financial regulators are better judged on the quality of their work than quantity. According to Commissioner Chilton, the CFTC may "leave a thread hanging loose." The CFTC would have done better by the country in issuing a definitive proposal for public comment; had it done so, it would have received comments going beyond a loose thread.

See: Commissioner Chilton's Statement.