Giancarlo apologises for past CFTC strategy, extols deference

The chairman of the US Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, has apologised for the past imposition of US swaps rules on foreign territories, calling it an “over-expansive assertion of jurisdiction”.

  • By Costas Mourselas, Ross Lancaster
  • 05 Sep 2018

Giancarlo made the comments during a speech at City Guildhall in London on Tuesday evening. The event was organised by the City of London Corporation.

CFTC was widely criticised for its aggressive policing of global swaps markets under Chairman Gary Gensler in 2013. Many in the industry felt ...

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