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The Need for Regulatory Balance
26 December 2012:
Chris Giancarlo, executive vice president, GFI Group, worries that US regulation may not be balanced, and that it is mismatched with non-US markets. One area in particular that concerns him is voice broking of OTC derivatives. Though the CFTC has pushed hard for more electronic execution of OTC trades in its Dodd-Frank Act rulemaking, Giancarlo says many of these types of transactions are illiquid and best done as voice negotiated transactions. In an interview with John Lothian News Editor-at-Large Doug Ashburn at 2012 SEFCON III, Giancarlo says the US needs “good regulation, but with the maximum amount of flexibility.”
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