Q&A: CFTC’s Giancarlo on the race to overhaul cross-border rules
New Sef rules imminent, but deference to foreign regulators may not be completed by 2020
When Christopher Giancarlo announced plans in early September to overhaul how the US Commodity Futures Trading Commission will treat foreign clearing houses, he literally moved markets. But now he tells Risk.net that his far-reaching proposals in this area might not be completed during his time as chairman. His current term expires in April 2019, though he is widely expected to lead the CFTC through 2020.
And that’s just one part of an ambitious agenda for reforming swaps trading, harmonising
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