Law360, New York (May 17, 2017, 4:35 PM EDT) -- Acting U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo, currently awaiting confirmation as the agency's permanent chair, announced Wednesday a new initiative to help the agency catch up and respond to rapidly transforming digital markets.
The fintech initiative, called LabCFTC, will consist of two programs designed to help financial technology innovators engage with the CFTC and in turn help the agency itself understand and adopt new technologies to aid in its oversight of the derivative markets, Giancarlo said in a speech before the New York FinTech Innovation Lab.
Giancarlo emphasized that, while financial firms have embraced new technology in the...
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