Giancarlo: time is right for swaps reform 2.0

Author: John Crabb | Published: 26 Oct 2017

US Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo emphasised the importance of reviewing swaps reforms outlined in Title VII of Dodd-Frank at the Securities Industry and Financial Markets Association’s annual meeting in Washington DC on Tuesday.

Opening the discussion with reference to Janus, the Roman god of transitions who is often depicted looking both forward and back, Giancarlo told those in attendance that he is the first chair of the CFTC in a transitional period.

"The implementation of the swaps reforms of Dodd-Frank are now mostly complete and we are going into the post implementation phase," he said. "With the opportunity to look both backwards at what has been working and perhaps what is not working at an optimum level, but also forward to a lot of things that were never addressed in financial market reform".

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