CFTC rule review welcomed

Author: John Crabb | Published: 30 Mar 2017

CFTC acting chairman Christopher Giancarlo’s plan to simplify some of the agency’s overly-complex post-crisis rules will come as a welcome relief to the futures and options market.

Speaking at the International Futures Industry Conference in Florida, Giancarlo announced the launch of Project Kiss, for 'Keep It Simple Stupid’, which will review the way that the CFTC’s rules, regulations and practices are interpreted.

"It is about taking our existing rules as they are and applying them in ways that are simpler, less burdensome and less of a drag on the American economy," he said.


"To the extent that it is possible to simplify [the CFTC's rules], I think a lot of market participants would find it to be a worthy goal"


James Schwartz, of counsel at Morrison Foerster, believes that there would be widespread support for a regulatory pivot away from overburdening regulation.

"The CFTC's rules under Title...


 

 

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