CFTC Chair Says Distributed Ledger Tech Can Aid Market Watchdogs

Advances in financial technology may be useful for improving the regulation of derivatives markets, Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo said Wednesday. Speaking at the D.C. Fintech Week Conference at Georgetown University, Giancarlo highlighted distributed ledger technology (DLT) and how it could be leveraged to automate certain regulatory processes in particular, which he described as “quantitative regulation.” This automation, in turn, would allow the regulator to more efficiently oversee markets while reducing costs. “As we think about the application of [financial] technologies to trading markets, it is no…