As Commissioner Brian D. Quintenz comes to the end of his five-year term at the Commodity Futures Trading Commission (CFTC), he has announced that he will not seek renomination for another term and will subsequently leave in October this year – unless a suitable successor is confirmed earlier.
The CFTC released a statement last Tuesday 28th April where the Commissioner stated: “Since joining the agency, I have strived to build my Commissionership on three broad themes: ensuring the Commission is focused on risks, with rules appropriately tailored to those risks; embracing the rapid advancement of technology and innovation in finance; and working for enhanced coordination and deference among domestic and international regulators.”
Following a successful start in August 2017, Commissioner Quintenz was known for ensuring that the CFTC focused robust efforts on identifying key risks in the derivatives markets and appropriately forming targeted responses. Furthermore, the Commissioner became the sponsor of the CFTC’s Technology Advisory Committee (TAC) which largely remained undeveloped prior to his post. A period of significant changes in technology over the course of half a decade has propelled the CFTC to acknowledge these advances in the global community and actively move in tandem with these developments through the TAC. The launch of the first Bitcoin Futures Contracts in December 2017, coupled with the development CFTC’s independent research wing (LabCFTC) and defining what actual ‘delivery’ means for crypto assets, have all been advanced by the CFTC.
Commissioner Quintenz stated: “I’ve been particularly honored to sponsor the CFTC’s Technology Advisory Committee (TAC), where we’ve had the opportunity to explore the extraordinary technological renaissance transforming our financial markets.”
The CFTC Chairman, Heath Tarbert stated on Twitter: “Brian has been a tremendous colleague and a steadfast advocate for sound derivatives regulation during his tenure.”
For more information: