The US Commodity Futures Trading Commission (CFTC) is reassessing its approach to formulation, implementing and enforcing its regulations, the chairman of the regulatory body said.
The regulator is committed to "right-sizing" the CFTC's regulatory footprint following years of expansive Dodd-Frank rule writing, J Christopher Giancarlo told delegates at the 43rd annual Futures Industry Association (FIA) conference in Florida."This means resumption of normalized operations and practices, including greater care and precision in rule drafting, more thorough econometric analysis, less contracted time frames for public comment and a reduced docket of new rules and regulations to be absorbed by...