CFTC's Massad: I Have 'Ambitious Agenda' for This Year

The transcript discusses the current state and future of market regulation, focusing on the framework for over-the-counter derivatives, cybersecurity as a major concern, and the potential disruptions from automated trading. It highlights the need for fine-tuning regulations to address risks without burdening commercial users and emphasizes international harmonization efforts. The CFTC's agenda includes finalizing rules on margin for uncleared swaps and capital requirements, with a focus on cybersecurity and automated trading.

What is the primary focus of the current market regulation framework discussed in the first section?

• Increasing burden on commercial end users

• Eliminating international harmonization

• Fine-tuning to address greatest risks

• Repealing Dodd Frank

Why is cybersecurity considered a major concern for financial services?

• It has been fully addressed by current regulations

• It is a constant arms race to keep up

• It only affects small market participants

• It is less important than other risks

What is a key concern regarding automated trading?

• Lack of market participants

• Potential for disruptive algorithms

• Excessive manual intervention

• High costs of implementation

What is one of the CFTC's recent achievements mentioned in the final section?

• Repealing all financial regulations

• Harmonizing all international regulations

• Finalizing rules on margin for uncleared swaps

• Eliminating cybersecurity proposals

What is the ongoing challenge in international financial regulation?

• Ongoing efforts in trading rules

• Complete harmonization across borders

• No need for international cooperation

• Lack of progress in any area