The White House has nominated a New Jersey Democrat to fill a commissioner vacancy on the five-person CFTC, which has been operating with only two members for some time. The nomination requires U.S. Senate confirmation. The nominee, Russ Behnam, is senior counsel to Michigan Democrat Debbie Stabenow, ranking member on the Senate Agriculture Committee, according… Read More >>
Sharon Bowen to Step Down Early from CFTC
Calling it “a bittersweet decision,” CFTC Commissioner Sharon Y. Bowen, one of only two members of what’s supposed to be a five-member body, announced last week that she will be leaving her post before her term is up as a way to hasten the process for filling commission vacancies. “My hope is thus that by… Read More >>
Reporter’s Notebook: The Trump Brand is a Hard Sell in Europe
[Editor’s Note: In his first major trip overseas, President Trump included a swing through Europe. Our correspondent in London, Lynn Strongin Dodds reviews the major moments of Trump’s trip and the impressions he left in his wake. The new president is clearly indicating that he represents a brash, new approach to international relations that could… Read More >>
Regulators Could Halt Blockchain’s Progress
CFTC Commissioner J. Christopher Giancarlo is calling on U.S. and European regulators and policymakers to take a “do no harm approach” toward the oversight of emerging distributed ledger technology (DLT), popularized by the blockchain underpinnings for cryptocurrency Bitcoin. Otherwise, DLT’s growth is at “risk of being stymied by disparate and uncertain regulation,” says Giancarlo, who… Read More >>
DTCC Wants Global Framework for Sharing Swaps Data
Post-trade services and infrastructure provider DTCC would like to see the start of an international discussion about a framework for the global sharing of data about swaps transactions in the wake of federal action to remove a Dodd-Frank Act provision that some saw as an impediment to swaps data sharing globally. In a rare moment… Read More >>
