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Giancarlo’s Last Stand: The Race to Complete Sef Reforms

Risk.net

13 Feb 2019

In November 2018, Christopher Giancarlo, chair of the Commodity Futures Trading Commission (CFTC), introduced an ambitious proposal to reform the U.S. trading venue regime for swaps. However, it’s unclear how reform will progress under Giancarlo’s successor, Heath Tarbert, who is expected to be confirmed between April and September 2019.

In the Risk.net article, “Giancarlo’s Last Stand: The Race to Complete Sef Reforms,” Morrison & Foerster of counsel Julian Hammar says, “We really don’t have an idea of what Tarbert’s priorities for the CFTC might be, or what he’s interested in. He hasn’t attended… industry conferences and he hasn’t given any speeches specifically addressing the CFTC or derivatives.”

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