CFTC set to flex its muscles in FSOC meetings

FSOC must study the impact of capital rules on trading liquidity, Giancarlo says

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US bank capital rules could see some changes if Christopher Giancarlo is confirmed as the new chairman of the Commodity Futures Trading Commission (CFTC).

Speaking at the International Futures Industry Conference in Boca Raton, Florida on March 15, Giancarlo – who has been nominated by the Trump administration to lead the CFTC – said he would use the agency’s seat on the Financial Stability Oversight Council (FSOC) to push for a review of the Basel III capital rules, which he said have reduced

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