In January 2015, before he became Chairman, Christopher Giancarlo issued a white paper outlining various reform proposal for swaps rules. Now as chairman of the CFTC, in April 2018 he issed his latest paper entitled "Swaps Regulation Version 2.0". It will be interesting to follow the views expressed therein, as they shape the swaps regulatory landscape.
Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), said he fully supported swaps regulation introduced following the 2007-09 global financial crisis, but that the rules have had unintended consequences. His proposals were unveiled as part of a 103-page policy blueprint for revising swaps rules brought into law by the 2010 Dodd-Frank Act. “Upon becoming chairman, I thought it made sense to do a more comprehensive look at all the reforms, with a clear-eyed view toward what’s worked, and if it’s worked, what issues has it led to, what hasn’t worked as well, and what could we do better,” Giancarlo told reporters. Many of the changes outlined in Giancarlo’s blueprint would have to be voted on by the commission or, in some cases, taken up by the Federal Reserve or international regulators.