CFTC Chair Tarbert Elected IOSCO Board Vice-Chair

IOSCO elected CFTC Chair Heath P. Tarbert to serve as IOSCO Board Vice Chair for the 2020-2022 term.

Mr. Tarbert stated that he "look[s] forward to working with [his] counterparts to foster international cooperation and further IOSCO's important work of promoting financial stability, market integrity, and investor protection."

Commentary

This election suggests that Mr. Tarbert has repaired some of the strains in the relationship between the CFTC and global regulators. See, e.g., EU Commissioner Barnier to Accept Clearing Rules from Five Countries outside EU, but Not the United States. Credit should also be given to former CFTC Chair J. Christopher Giancarlo and others who worked to improve cross-border relationships. See, e.g., CFTC Chair Reaffirms Commitment to Deference-Based Global Swaps Framework.