CFTC Chairman Outlines 2018 Agenda

CFTC Chairman J. Christopher Giancarlo outlined his plans for the CFTC in 2018, which include:

completing rules on de minimis levels for swap dealer registration; working with banking regulators to address elements of the supplemental leverage ratio that affect the greater central clearing of derivatives; proposing swaps execution facility rules; implementing a final position limits rule; reconsideration of Regulation AT; and continued collaboration with foreign regulators. Mr. Giancarlo's remarks were delivered at the Futures Industry Association annual meeting in Boca Raton, Florida.

Commentary / Nihal Patel

Mr. Giancarlo's speech is notable in that he added some details to aspects of the CFTC agenda that are well known.

On the swap dealer de minimis threshold, Mr. Giancarlo indicated that it is a high priority by saying that the CFTC "will complete" rules this year. On position limits, Mr. Giancarlo said...