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CFTC Commissioner J. Christopher Giancarlo Releases Swaps Trading Rules White Paper

Pro-Reform Reconsideration of the CFTC Swaps Trading Rules: Return to Dodd-Frank

January 29, 2015

Washington, DC – U.S. Commodity Futures Trading Commission (CFTC) Commissioner J. Christopher Giancarlo today released a White Paper titled “Pro-Reform Reconsideration of the CFTC Swaps Trading Rules: Return to Dodd-Frank.” The paper analyzes flaws in the CFTC’s implementation of its swaps trading regulatory framework under Title VII of the Dodd-Frank Act and proposes a more effective alternative.

“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.

See White Paper under Related Links

Media Contact:
Jason Goggins
202-834-4225
jgoggins@cftc.gov

Last Updated: January 28, 2015