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CFTC, Watchdog Disagree Over Futures Association Oversight

June 12, 2017, Law360

Anne Termine is quoted in a Law360 article regarding the Commodity Futures Trading Commission's reaction to a recent internal watchdog review of the agency's oversight of the National Futures Association. According to Termine, it appeared the CFTC's Division of Swap Dealer and Intermediary Oversight was saying that it has a core mission and a core duty and that accordingly “shirking its duties off to a third party simply doesn’t make sense.”

“Further, this stance by DSIO is not in contravention to the executive order, as sending these core duties to a third party is neither effective nor efficient,” Termine says. “Acting Chairman Giancarlo has already indicated a number of ways that the agency can fulfill that executive order, such as through his Project KISS initiative.”

 

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