CFTC Commissioner J. Christopher Giancarlo set forth his regulatory priorities for the Commission. Outgoing CFTC Chair Timothy Massad listed regulatory accomplishments during his tenure and urged future regulators not to "dismantle the framework."
CFTC Chair Timothy Massad urged regulators to "address the causes" of the "discontent" that led to Brexit and the outcome of the U.S. presidential election, but "not [to] reverse the reforms made since the crisis."
CFTC Chair Timothy Massad emphasized the dangers of repealing Dodd-Frank, defended the derivatives regulations implemented under it, and discussed the future of the derivatives markets in the political and international arenas.
The CFTC approved a supplemental proposal to Regulation Automated Trading. The revised proposal lowers the threshold for registration for algorithmic trading firms and allows the CFTC to obtain access to their source code.
CFTC Chair Massad provided updates on the CFTC's top five priorities (i) margin requirements for uncleared swaps, (ii) automated trading, (iii) cybersecurity, (iv) swap execution facility trading, and (v) data reporting.
CFTC Chair Timothy Massad urged global regulators to "take a holistic perspective" regarding central counterparty regulation and to "consider the overall system, its overall resilience, and its ability to respond if there is a problem."
CFTC Commissioners addressed (i) proposed Regulation Automated Trading, (ii) swap data standardization and harmonization, and (iii) blockchain and distributed ledger technology in the derivatives market at a meeting of the Technology Advisory Committee.
CFTC Chair Timothy Massad discussed the CFTC's efforts to address commercial end users' concerns at the 18th Annual National Energy Restructuring Conference. CFTC Chair Massad reiterated the CFTC's intention to "fine-tune" its rules and touched on specific areas of concern that the CFTC will...
CFTC Chair Timothy Massad spoke about fine-tuning and finishing CFTC rules in progress, increasing the "vigorous financial surveillance" of futures commission merchants ("FCMs"), and maintaining strong and stable clearinghouses. He delivered his remarks at the National Grain and Feed Association's...
At the Asian Financial Forum, CFTC Chair Timothy Massad spoke about the importance of creating a strong international regulatory framework in order to harmonize cross-border swaps. Chair Massad explained that his goal would be to work with regulators to create a framework that provided transparency...