CFTC’s fintech catch-up effort includes ‘global sandbox’ push
The US Commodity Futures Trading Commission (CFTC) is making a major effort to catch up with its peers in the UK and Singapore by setting up a financial technology ‘laboratory’, making more extensive use of its ‘no action relief’ rulings and signing co-operation agreements to facilitate ‘global sandboxes’.
CFTC chairman Christopher Giancarlo, who took on the position last year, called for a change of “mindset” at the regulator of derivatives markets to ensure it can embrace technological change
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