Treasury review not rollback of reforms, says CFTC counsel

Trump order is a chance to ease some rules and promote cross-border regulatory deference

CFTC: an opportunity to move towards more “hands-off” supervision of foreign firms

A review of US financial rules led by the Treasury is not an attempt to dismantle them or undermine global regulatory standards, an official at the Commodity Futures Trading Commission has said. Rather, it is a chance to tweak some overly onerous provisions and move towards more “hands-off” supervision of foreign firms.

“The objective is to promote US economic growth and business, but that does not mean it’s anti-global – it does not mean that anyone is turning away from the commitments we’ve