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CFTC chair wants to reform and repair Dodd-Frank’s swaps rules

Joe Mont | May 1, 2018

Commodity Futures Trading Commission Chairman J. Christopher Giancarlo is trying to set the stage for what he describes as a “regulatory reform 2.0” agenda.

To that cause, he has released a new white paper, “Swaps Regulation Version 2.0: An Assessment of the Current Implementation of Reform and Proposals for Next Steps.” The paper, co-authored with CFTC Chief Economist Bruce Tuckman, was released at the International Swaps and Derivatives Association’s annual meeting on April 26.

In response to questions about the timeline of implementation of the ideas in the paper, Giancarlo said: “I’m committed to a process in rule writing which is ‘ready, aim, fire.’ I think sometimes, regulators can use the ‘ready, fire, aim’ approach. I’m committed to a deliberative process and...

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