President Donald Trump picked J. Christopher Giancarlo, a Commodity Futures Trading Commission member who spent more than a decade working in the derivatives industry, to head the U.S. agency that oversees those markets.
Giancarlo would add another lawyer with Wall Street ties to lead a regulatory agency in the Trump administration. A former executive at a swaps brokerage firm, Giancarlo has been critical of some of the tougher rules the CFTC put in place after the 2008 crisis, a meltdown fueled in-part by financial products now policed by the agency.
Along with Jay Clayton, Trump's selection to head the Securities and Exchange Commission, Giancarlo would play a leading role in fulfilling the president's promise to roll back rules that were imposed by the Dodd-Frank Act. Giancarlo, a Republican who has been leading the agency in an acting role since Jan. 20, still needs to be confirmed by the Senate as chairman.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
