CFTC Fintech Lab Initiative

On May 17, CFTC announced LabCFTC to promote fintech innovation.

  • Approved creation of LabCFTC aimed at promoting responsible FinTech innovation.
  • Chair Giancarlo, Commissioner Bowen spoke in support for regulators to catch up.
  • Fintech Lab
  • New York LabCFTC will look to accelerate CFTC engagement with FinTech, RegTech.
  • Will make CFTC more accessible to innovators, platform to teach CFTC technology.
  • Giancarlo said to help bridge gap towards 21st century regulation digital markets.
  • Will identify and utilize emerging technologies to help CFTC to regulate effectively.
  • Lab Goals
  • Better understanding within CFTC of how new innovations interact with regulation.
  • Collaboration between FinTech industry and CFTC market participants to innovate.
  • Participate in studies, new research to facilitate responsible innovation in markets.
  • Cooperation with financial regulators across US and overseas, to be more efficient.
  • Monitoring trends and developments, so that CFTC regulatory framework support.
  • Information sharing about applications for FinTech, use cases, benefits, and risks.

Regulators CFTC
Entity Types B/D; Bank; Corp; Depo; Exch; FCM; OTC
Reference Sp, PR, 5/17/17, FinTech
Functions Trading; Research; Operations; Outsourcing; Reporting; Technology
Countries United States of America
Products Commodities; Derivatives; Futures; Clearing
Regions Am
Rule Type Guidance
Rule Date 5/17/2017
Effective Date 5/17/2017
Rule Id 32303
Linked to N/A
Report Issue 6/1/2017
Report Section US Derivatives

Last substantive update on 05/18/2017