CFTC Commissioner Chilton Delivers Speech before International Regulators Conference

CFTC Commissioner Bart Chilton opened the International Regulators Conference with a short speech and a Kevin Costner paraphrasing, stating, “if we build global regulatory regimes, others will come.”  Commissioner Chilton said that he expects the decisions of regulators today to set the global regulatory rules for the financial sector for a generation, and highlighted the importance of these conferences in helping regulators to work together and learn from each other.

Lofchie Comment:  Commissioner Chilton’s assertion that global investors will find the U.S. regulatory system attractive is one that should be subject to empirical confirmation.  The CFTC should commission a survey of non-U.S. investors to learn how they view U.S. financial regulation.  Given the amount of money being spent on new regulations that are supposedly attractive to non-U.S. customers, a survey would help determine what they really think.

See:  Commissioner Chilton’s Speech, “Understood and Understanding”.