Tag: Christopher Giancarlo

Christopher Giancarlo

Kulkin to Leave CFTC

Matthew Kulkin is leave the Commodity Futures Trading Commission (CFTC) where he was director of its Division of Swap Dealer & Intermediary Oversight (DSIO), later this summer. Kulkin joined CFTC in 2017 to lead the DSIO, the CFTC’s division that primarily oversees derivatives market intermediaries, including swap dealers, futures commission merchants, commodity pool operators, commodity […]

Tarbert Lined Up for CFTC Chair

Heath Tarbert is to be nominated by the US government to be the next chair of the Commodity Futures Trading Commission. His appointment is subject to Congressional approval, however he was appointed to his current role at the US Treasury by the US Senate with a huge majority and is expected to attract similar support.
Tarbert will take the reins of the US regulator from Christopher Giancarlo, who was appointed to the role in 2017 and is due to step down at the end of April 2019

Senate Confirms Giancarlo as CFTC Chair

The US Senate has confirmed Christopher Giancarlo as the permanent chairman of the Commodity Futures Trading Commission (CFTC), while Rostin Behnam and Brian Quintenz have been confirmed as commissioners.

Dawn Stump has also been nominated as a CFTC commissioner, but is still awaiting Senate confirmation.

“Honored to be confirmed by @ussenate as Chairman of the @CFTC, along w/2 new Comn’rs Benham & Quintenz. Expect Dawn Stump confirmation soon,” said Giancarlo on Twitter immediately after the Senate decision.

Giancarlo was named as the acting chairman of the CFTC in January and was nominated to head the Commission on a permanent basis in March.

CFTC Announces New FinTech Initiative

The US Commodity Futures Trading Commission (CFTC) has launched LabCFTC, a new initiative aimed at promoting responsible FinTech innovation to improve the quality, resiliency, and competitiveness of the markets the CFTC oversees.

Located in New York, LabCFTC will also look to accelerate CFTC engagement with FinTech and RegTech solutions that may enable the CFTC to carry out its mission responsibilities more effectively and efficiently. The initiative was approved by a unanimous vote of the Commission.

“Simply put, LabCFTC is intended to help us bridge the gap from where we are today to where we need to be: 21st century regulation for today’s digital markets,” says CFTC Acting Chairman Christopher Giancarlo.

CFTC Names New Enforcement Director

US Commodity Futures Trading Commission (CFTC) acting chairman Christopher Giancarlo has announced the appointment of James McDonald to be the director of the agency’s Enforcement Division. McDonald, who was most recently a prosecutor in the Southern District of New York, brings to the agency a successful track record of pursuing white collar and other crimes, […]

Giancarlo Lays Out New Regulatory Agenda

Following the news that he had been nominated by the Trump administration to be the new chairman of the Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, has laid out a new agenda for the Commission.
Speaking at the FIA Boca conference in Florida, Giancarlo emphasised the need for the CFTC to foster economic growth in the markets that it oversees by reducing regulatory burden, improving market intelligence and embracing new technology.
To help reduce the regulatory burden on derivatives market participants, Giancarlo announced the launch of “Project KISS”, with the acronym standing for “Keep It Simple Stupid”.

Giancarlo Nominated to Head CFTC

Christopher Giancarlo has been nominated by the Trump administration to be the next Chairman of the US Commodity Futures Trading Commission (CFTC).

Giancarlo made his first public appearance since the nomination at the FIA Boca event, where he advocated a new agenda for the CFTC that focused on fostering economic growth, enhancing US financial markets and “right-sizing” the regulators’ footprint.

“I am grateful that the White House made the announcement before todays’ speech,” he told reporters afterwards. Commenting on his new agenda for the CFTC he added: “You can read into it what you will as to the extent to which I think it is in alignment with where the President wishes to go with his approach to financial regulation.”

CFTC’s Massad and Giancarlo, Congressman Huizenga, Among Speakers at SEFCON VII

Just days from Inauguration, SEFCON VII takes a look at the incoming Trump Administration, bringing together a unique roster of speakers from across the regulatory, legislative, banking and buy side sectors. The event is hosted by the Wholesale Markets Brokers Association Americas and takes place at The Roosevelt on Jan 18 in New York.
Industry leaders will discuss how the incoming Administration is expected to take shape, how the industry is likely to be impacted and which rules may be challenged. Keynote addresses by current CFTC Chairman Timothy Massad, and CFTC Commissioner J. Christopher Giancarlo will be followed up with a special “View from the Hill” session with Rep. Bill Huizenga (R-MI), Chair of the Capital Markets, Securities and Investment Subcommittee, House Financial Services Committee.

CFTC’s Massad, Giancarlo to Address Swaps Conference Two Days Before Inauguration

Two days before Inauguration day, Timothy Massad, chairman of the US Commodity Futures Trading Commission (CFTC), and CFTC commissioner Christopher Giancarlo will be keynoting the seventh annual SEFCON VII conference, which has become the largest conference for the US swaps trading market.
The conference will be held in New York on January 18, 2017.
The event, which is being hosted by the Wholesale Markets Brokers’ Association Americas (WMBAA), will provide inside looks on the implementation of the Dodd-Frank Act, the implications of a Trump presidency on financial markets, what lies ahead for US financial market regulation and cross border implications, as well as such critical topics as the future of OTC market structure.

Is Regulation Causing Flash Crashes?

New regulations imposed on banks since the financial crisis could be contributing to “flash crashes”, according to Christopher Giancarlo, a Commissioner at the Commodity Futures Trading Commission (CFTC).

Speaking at ISDA’s Trade Execution Legal Forum, Giancarlo said that when the British pound suddenly dropped 6% against the US dollar in October, this flash crash was exacerbated by a lack of market liquidity.

He continued: “In fact, there have been at least 12 major flash crashes since the passage of the Dodd-Frank Act. The growing incidence of these events shakes confidence in world financial markets.