Giancarlo orders review of CFTC rules
SDR requirements could be simplified, acting chairman tells Risk.net
The incoming chairman of the US Commodity Futures Trading Commission (CFTC) has unveiled a plan to simplify the agency’s reporting and compliance requirements for derivatives users.
Christopher Giancarlo, acting chairman of the CFTC, said the effort – dubbed Project Kiss, which stands for ‘Keep It Simple Stupid’ – will entail “an agency-wide review of CFTC rules, regulations and practices to make them simpler, less burdensome and less costly”.
As part of the strategy, the CFTC will look to
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