- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2023-06-30T16:15:00
The Enforcement Division of the Commodity Futures Trading Commission (CFTC) announced Thursday it established two new task forces to combat cyberattacks and misuse of technology and environmental fraud.
The Cybersecurity and Emerging Technologies Task Force will tackle cybersecurity issues and concerns related to emerging technologies, including artificial intelligence (AI), according to an agency press release. The Environmental Fraud Task Force will combat environmental fraud and misconduct in derivatives and relevant spot markets.
The task forces comprise attorneys and investigators from various offices within the CFTC’s Enforcement Division.
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The factors that surround the environmental, social, and governance disciplines have grown from just a few to more than 50 considerations, indicating all three ESG elements carry equal weight when evaluating a proper corporate strategy.
Christy Goldsmith Romero, a commissioner with the Commodity Futures Trading Commission, recommended three action items to help the agency and regulated entities “measure, understand, and address climate-related financial risk.”
The Commodity Futures Trading Commission’s Technology Advisory Committee sponsored by Commissioner Christy Goldsmith Romero is crafting potential rulemaking to establish cyber resiliency baselines among swap dealers and futures commission merchants.
The U.K. Financial Conduct Authority fined the London branch of Australian-based Macquarie Bank Limited more than 13 million pounds (U.S. $16.3 million) for “serious control failures” that allowed a trader to conceal hundreds of fictitious trades over a 20-month period.
French defense and aviation contractor Thales Group is under investigation by authorities in the U.K. and France for allegedly participating in bribery and corruption.
Hedge fund manager Scott Bessent, named by Donald Trump on Friday as his nominee for Treasury Secretary, has a clear mandate to deregulate the financial markets should he take the helm.
