US readies for war on regulation with new CFTC boss
US President Donald Trump’s administration this week showed it was ready to release its hounds on the post-crisis global regulatory ecosystem, as its nominee to run the Commodity Futures Trading Commission (CFTC) bared his teeth at “excessive regulation”, showing that all the talk of tearing up the rules may soon turn towards action. Costas Mourselas reports.
The CFTC’s acting chairman, J Christopher Giancarlo, got his teeth into the regime of his predecessor in a landmark speech that marks a step away from policies that some observers have called “overly prescriptive”.
The remarks were delivered at the 42nd
Annual International Futures Industry Conference on Wednesday, the day
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