Statement of Commissioner J. Christopher Giancarlo on the Commodity Futures Trading Commission’s Recent Steps to Improve its Swaps Trading Regulations
April 27, 2015
Commissioner J. Christopher Giancarlo of the U.S. Commodity Futures Trading Commission (CFTC) issued the following statement on recent steps taken to improve the CFTC’s regulatory framework for swaps trade execution:
“I commend the CFTC for its recent announcement of first steps in improving its regulatory framework for swaps trade execution and SEF operability. I support these commonsense measures that address concerns raised in my January 2015 White Paper: namely, streamlining the process of correcting error trades, flexibly interpreting SEFs’ financial resources requirement and simplifying swap trade confirmations by SEFs.
I look forward to continuing to work with my fellow commissioners to take further action to better align the CFTC’s swaps trading rules with the sensible and flexible regulatory framework set out by Congress in Title VII of the Dodd-Frank Act.”
Last Updated: April 27, 2015