CFTC Commissioner Giancarlo released a White Paper

On January 29, CFTC Commissioner Giancarlo released a White Paper analyzing and expressing his concerns regarding the CFTC’s swap trading regulatory framework (see Press Release).  In it he states:

I am critical of the CFTC’s swaps trading rules because they increase market fragility and the systemic risk that the Dodd-Frank reforms were predicated on reducing. The rules also do not comply with the clear provisions of the law. My proposed swaps trading framework is pro-reform. It offers a comprehensive, cohesive and flexible alternative that betters aligns with swaps market dynamics and is more true to Congress’s stated intentions,” stated Commissioner Giancarlo

 

 

Close Menu