Hosting the U.S. CFTC in London

On 8 September, Alderman Matthew Richardson and Policy and Resource Committee Chairman Catherine McGuiness hosted a dinner in the Guildhall for Chris Giancarlo, Chairman of the Commodity Futures Trading Commission (CFTC). The CFTC regulates US derivatives markets. Chairman Giancarlo is on a tour of Europe which so far has covered stops in Paris and Estonia (Eurofi conference) to discuss the CFTC’s plans for principles-based reform and concerns over a divergence with EU policy (over Central Counterparty clearing house location and Markets in Financial Instruments Directive II especially). The dinner was attended at a senior level with guests including Andrew Bailey, CEO of the Financial Conduct Authority, Mark Garvin, Chairman of JP Morgan, and Simon Lewis, CEO of the Association for Financial Markets in Europe.