In an opinion article published on FOXBusiness, Heath Tarbert, the new chairman of the Commodity Futures Trading Commission, indicated that issuing the CFTC’s “long-awaited” position limits rules is a top priority. However, he indicated, the “[t]rick will be making sure these rules do not strip [derivatives] markets of the flexibility needed to perform their fundamental risk management function.” Dr. Tarbert also indicated that supervising clearinghouses, developing a holistic framework for virtual currencies, and protecting confidential trading data will be other key priorities of the Commission. Additionally, he expressed a desire for “reinvigorating” the CFTC’s “historical principles-based approach” to regulation.
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