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ARTICLE · 04 FEBRUARY 2019

2018 CFTC Year-In-Review

WilmerHale
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For the CFTC, 2018 was characterized by (1) an active enforcement program emphasizing cooperation and self-reporting, (2) increasing cross-border tension over supervision of central counterparties, ...

United StatesFinance and Banking
Paul M. Architzel
Paul M. Architzel
Anjan Sahni
Anjan Sahni
Petal Walker
Petal Walker
John Faust
John Faust
Joseph Toner
Joseph Toner
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I. INTRODUCTION

For the Commodity Futures Trading Commission (CFTC or Commission), 2018 was characterized by (1) an active enforcement program emphasizing cooperation and self-reporting, (2) increasing cross-border tension over supervision of central counterparties (CCPs), (3) publication of a far-reaching proposed rule to restructure the framework governing swap execution facilities (SEFs), (4) evolving Commission oversight of virtual currencies, and (5) publication by Chairman J. Christopher Giancarlo of his vision for market structure reform and cross-border harmonization. We discuss these five areas of Commission action in 2018 and what may be ahead in 2019.

II. ENFORCEMENT

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