CFTC Commissioners Consider Regulatory Compliance Issues And Technology Solutions

At the CFTC Technology Advisory Committee ("TAC") meeting, CFTC Commissioner and Committee Chair Brian Quintenz, CFTC Chair Heath P. Tarbert, Commissioner Dawn D. Stump and Commissioner Dan M. Berkovitz considered recommendations for improving regulatory compliance through better integration of technology.

Mr. Quintenz questioned whether:

• treating stablecoin the same as other similar products would be effective due to its "nascency";

• distributed ledger technology could be used to meet CFTC record retention obligations;

• the risks associated with the "modern trading environment" might already be addressed due to current market incentives;

• an industry survey would be helpful in determining the best practices concerning trading and risk management controls; and