DODD-FRANK/FTC: “J. Christopher Giancarlo moved to the top job at the Commodity Futures Trading Commission this year from a minority commissioner’s role, giving him a chance to push for changes on Obama-era derivatives regulations that he has criticized.
But so far, Mr. Giancarlo has been content to tweak derivatives rules tied to the 2010 Dodd-Frank regulatory-overhaul law. His assertion that the bulk of Dodd-Frank derivatives regulations is here to stay has been disarming to some Democrats, who have worried about large-scale deregulation under the Trump administration.
Those who know him say Mr. Giancarlo’s moderate approach and willingness to work closely with Democrats aren’t surprising…
Mr. Giancarlo, a Republican, took over as acting chief on the first day of the Trump administration and was later installed as the commission’s permanent chairman. He likes to compare himself to Janus, the Roman god who faces both the past and the future.”
-Gabriel T. Rubin, “CFTC Chief Works to Tweak, Not Decimate, Obama-Era Rules,” The Wall Street Journal online, Nov. 24, 2017 07:00am