Giancarlo Archives - The Industry Spread

Giancarlo Releases Letter to Quarles on Phase Five Implementation

May 7, 2019

Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo sent a letter to Federal Reserve Board Vice Chairman Randal K. Quarles concerning Phase Five implementation requirements for initial margin on uncleared swaps, scheduled for September 2020.

CFTC Nominee Reaffirms SWAPs Stance

March 14, 2019

CFTC Chairperson Christopher Giancarlo’s term will expire in April this year and President Trump has Dr. Tarbert to replace him. Dr. Tarbert stated. “Again, I go to the very point that you raised, that it’s very important that the United States have the jurisdiction and sovereignty to regulate its own markets.”

CFTC Market Risk Advisory Committee Meets

December 6, 2018

The Markets Risk Advisor Committee (MRAC) of the Commodities Futures Trading Commission (CFTC) met and announced the formation and chair of a new sub-committee.

Insights on the US Treasury Market by Giancarlo

December 4, 2018

The 10-year US Treasury futures contract is the most liquid US Treasury contract, the US Treasury market is going through a “liquidity hierarchy”, and as volatility increases in US Treasuries, liquidity migrates from less liquid cash securities to more liquid futures contracts.

Giancarlo Lays Out SWAP Reg Vision

September 6, 2018

Giancarlo announced that the CFTC would soon release a white paper laying out a new vision for cross-border swaps regulation.

“I want to propose an updated and improved vision for cross-border swaps regulation by outlining for you the content of a White Paper I will publish in the near future. This White Paper will assess the CFTC’s application of its swaps rules to cross-border activities and make concrete recommendations for improvements.”Giancarlo stated.