07 July 2017
Washington DC
Reporter: Drew Nicol

US CFTC secures Giancarlo as chairmen

Christopher Giancarlo is the new chairmen of the US Commodity Futures Trading Commission (CFTC).

Giancarlo, who served as acting chair since January, was unanimously voted in by the Senate.

Brian Quintenz and Rostin Behnam were also unanimously voted in as commissioners.

Giancarlo said: “I stand ready to fulfill the CFTC’s mission to foster open, transparent, competitive and financially sound markets, in a way that best fosters broad-based economic growth and American prosperity.”

“I am pleased that the nominations of Russ Benham and Brian Quintenz were also confirmed by the Senate, and I look forward to the swift confirmation of Dawn Stump and getting a full commission soon.

I am also grateful to commissioner Bowen for her partnership during my tenure as acting chairman, and I am proud of the excellent work we’ve accomplished together.”

Commenting on the appointment, OCC executive chairman and CEO Craig Donohue said: “On behalf of my OCC colleagues, I congratulate Chris on being confirmed as CFTC chairman, and Brian and Russ as CFTC commissioners by the US Senate.”

“Together, they bring a strong and complementary breadth of knowledge and experience to the talented team already at the agency, and we look forward to working with them to help solve some of the challenging issues currently facing the global futures and options industry so investors can be better served and we can help these markets grow.”

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Citi and CME Clearing launch collateral DLT platform
18 December 2017 | New York | Reporter: Zsuzsa Szabo
The blockchain software aims to reduce margin cost
South Africa extends code of conduct consultation deadline
18 December 2017 | Pretoria | Reporter: Jenna Lomax
The Registrar of Securities Services has proposed a new code of conduct for a renewed deadline for comment
Dubai Financial Market launches short selling
18 December 2017 | Abu Dhabi | Reporter: Jenna Lomax
Dubai Financial Market has launched a regulated short selling service after gaining approval by the Securities and Commodities Authority
J.P. Morgan and Citi collaborate on truePTS post-trade platform
15 December 2017 | New York | Reporter: Zsuzsa Szabo
The New-York-based startup processes ecosystem for the global $700 trillion derivatives market
SIFMA: US market requires improved CCP access
15 December 2017 | Washington DC | Reporter: Jenna Lomax
The Dodd-Frank Act has increased the need for US firms to have access to non US swaps trading venues and central counterparties, according to paper by FIA and SIFMA
France raises spectre of European financial transactions tax
15 December 2017 | Paris | Reporter: Jenna Lomax
French President Emmanuel Macron and several ministers have dismissed concerns over the negative effect of an EU financial transactions tax on securities lending revenue
Vekaria exits Credit Suisse
14 December 2017 | Dublin | Reporter: Zsuzsa Szabo
Head of Credit Suisse's Dublin branch Manish Vekaria has left the bank