We at Financial Technologies Forum (FTF) are very sad to report that the Honorable Bartholomew (Bart) Chilton, a former CFTC commissioner, TV show host, media commentator, senior policy advisor, and a veteran of government service, died at 58 on April 27. CNBC reported that a family member acknowledged that the cause of death was related… Read More >>
Ex-CFTC Commissioner Calls for Crypto Exchange Regulation
Former CFTC Commissioner Bart Chilton says that he is excited by the emergence of digital currencies – he’s even backed one – but he strongly favors regulation to avoid a crypto catastrophe. Chilton spoke earlier this week at FTF’s derivatives processing conference, DerivOps North America, held in Chicago. In a speech at the conference and… Read More >>
Have You Called Your Regulator Lately?
A recurring message emerged from several of the sessions at our DerivOps conference in Chicago earlier this week. It’s simply this: financial services firms should take advantage of a new, more proactive dynamic between them and regulators. Basically, firms should feel free to tell regulators what they’re doing, especially with so many disruptive phenomena and… Read More >>
Q&A: Upgrade IT Systems Despite Furious Market Correction
(Editor’s note: Global financial markets have been rising and falling dramatically over the past two weeks and many industry observers say that markets are going through a correction/selloff. Ultimately, volatility returned to markets and many analysts say that it may become the new normal. “We suspect that the volatility will likely continue in both directions… Read More >>
The Winners’ Circle for the FTF Awards
Cynthia Meyn, executive vice president for operations at bond fund manager PIMCO, was voted Ops Business Person of the Year as part of the FTF News Technology Innovation Awards 2014. In addition, entrepreneur Stephen Marsh, founder and CEO of Smarsh, the email and social media compliance provider, was chosen FinTech Person of the Year while… Read More >>
Average 2013 Wall Street Bonus Up 15%; Chilton Leaves CFTC
DiNapoli Report: Average Wall Street Bonus Up 15% in 2013 The average bonus paid to securities industry employees in New York City grew by 15 percent in 2013, to an estimated $164,530, according to a recent report from New York State Comptroller Thomas P. DiNapoli. That would make it the largest average bonus since the… Read More >>
Chilton’s Exit Heralds a New Era for the CFTC
Bart Chilton, the media-savvy CFTC commissioner, declared Tuesday that he is giving up his post by the end of the year. This creates three commissioner vacancies as Jill Sommers exited in July and Gary Gensler, CFTC chairman, will step down by year’s end; the remaining commissioners will be Mark Wetjen and Scott O’Malia. The replacements… Read More >>
OTC Overhauls Hit Home
Shortly after CFTC Commissioner Bart Chilton declared at the 7th Annual OTC Derivatives Operations & Processing Conference last week that the Dodd-Frank reforms will deliver transparency, it became clear during a subsequent discussion that if firms haven’t done so, they need to get their IT architectures in place now to stay on top of the… Read More >>
Q&A: CFTC
CFTC commissioner Bart Chilton says that no matter who wins the U.S. presidency on Tuesday, Nov. 6, the momentum for over-the-counter (OTC) execution, clearing and transparency reforms for the derivatives market is practically unstoppable. He adds that there would be little political support to return to the unregulated OTC world that triggered the Great Recession.GOP… Read More >>
