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CFTC, Among Other US Financial Regulatory Agencies, Joins the Global Financial Innovation Network

On October 24, the Commodity Futures Trading Commission (CFTC) joined the Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission in announcing that it will be joining the Global Financial Innovation Network (GFIN). The GFIN was formed to establish a framework for cooperation among financial services regulators on innovation-related topics and a vehicle for sharing different experiences and approaches. It also seeks to provide a more efficient way for innovative firms to interact with regulators and navigate among jurisdictions as they look to scale new ideas.

The CFTC and other US financial regulators have proactively sought to enhance regulatory clarity and understanding for all stakeholders and identify emerging regulatory challenges and risks. The CFTC’s participation in the GFIN furthers these objectives, aligns with the CFTC’s regulatory agenda and advances financial and market integrity in the United States and abroad.

The CFTC, along with the other agencies mentioned, join 46 other GFIN members from around the globe, working to facilitate greater collaboration and cooperation among financial authorities.

©2020 Katten Muchin Rosenman LLPNational Law Review, Volume IX, Number 298
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About this Author

Kevin M. Foley, Finance Lawyer, Katten Llaw Firm
Partner

Kevin M. Foley has extensive experience in commodities law and advises a wide range of clients, both in the United States and abroad, on compliance with the Commodity Exchange Act and the rules of the Commodity Futures Trading Commission (CFTC) affecting traditional exchange-traded products, as well as the over-the-counter markets involving swaps and other derivative instruments. His clients include futures commission merchants, derivatives clearing organizations, designated contract markets, foreign boards of trade and an industry trade association.

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312-902-5372
James M. Brady, Katten Muchin Law Firm, Finance Attorney
Associate

James Brady concentrates his practice in financial services matters.

While in law school, James was an editor of the Michigan Journal of International Law. He also served as a judicial intern to the Honorable Stephen J. Markman of the Michigan Supreme Court. http://www.kattenlaw.com/James-Brady

312-902-5362
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