CFTC’s Giancarlo cites threat from China futures markets in bid for more money

7 August 2018 5:38pm
J. Christopher Giancarlo, head of the US Commodity Futures Trading Commission, said China’s futures markets pose a long-term challenge to the United States that should be met with more congressional funding for the Washington regulator.

He sounded his warning in a Texas speech* last week in front of House Agriculture Committee Chairman Mike Conaway as a trade conflict between the world’s two biggest economies was heating up with new tariff threats.

“We don’t want to give up our world leadership,” Giancarlo said. “The CFTC must have suitable resources.”