Joining the CFTC from the law firm Steptoe & Johnson, Matthew B. Kulkin has been appointed director of the Division of Swap Dealer and Intermediary Oversight. He replaces Eileen T. Flaherty, who is returning to the private sector.
As a partner at Steptoe, Kulkin advised financial market participants on legislative and regulatory issues and represented clients before regulatory agencies including the CFTC, SEC, Financial Stability Oversight Council, and others. Kulkin has spoken on Dodd-Frank implementation and has contributed to publications including Derivatives Regulation, a Wolters Kluwer treatise. He also serves as co-chair of the DC Bar Derivatives, Securitization, and Project Finance Committee.
CFTC Chairman J. Christopher Giancarlo said that Kulkin’s wealth of knowledge on Dodd-Frank Act regulation and derivatives markets will serve the CFTC well. Giancarlo has spearheaded several initiatives to streamline CFTC regulations, including Project KISS, which asks for suggestions to reduce regulatory cost and increase efficiency.
Kulkin noted the agency’s efforts under Giancarlo to appropriately balance regulation and economic growth, adding, "I am pleased to join a team that is committed to protecting all market participants and, at the same time, promoting a competitive, vibrant marketplace."
Giancarlo expressed appreciation for Flaherty, who oversaw rulemakings to simplify regulatory requirements for swap dealers and other registrants, granted relief to numerous market participants, and coordinated with the National Futures Association on industry oversight.
IndustryNews: CFTCNews CommodityFutures Derivatives FinancialIntermediaries Swaps
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