Washington DC
11 July 2017
Reporter: Drew Nicol

CFTC welcomes new chief innovation officer


The US Commodity Futures Trading Commission (CFTC) has appointed Daniel Gorfine as director of LabCFTC and chief innovation officer, effective immediately.

In his new role, Gorfine will be responsible for coordinating closely with international regulatory bodies, other US regulators, and Capitol Hill to discuss best practices around implementing digital and agile regulatory frameworks and approaches for the CFTC.

LabCFTC is the CFTC’s fintech initiative aimed at informing its understanding of new technologies.

Most recently, Gorfine was vice president of external affairs and associate general counsel at small business lender OnDeck.

Previously, Gorfine served as director of financial markets policy and legal counsel at the Milken Institute think tank, where he focused on financial innovation, capital access and financial market policy.

He currently serves as an adjunct professor of law at the Georgetown University Law School teaching financial technology law and policy.

Acting CFTC chair Giancarlo commented: “Daniel Gorfine is a well-respected leader whose expertise in market-enhancing fintech will help the CFTC disrupt the status quo and change the way government interacts with our ever-innovating marketplace."

“Daniel's addition to the team will move our LabCFTC initiative into its next phase and will further our efforts to make the CFTC a 21st century regulator for our 21st century digital markets.”

Gorfine added: “New technologies are increasingly transforming financial markets and services, and have the potential to positively impact market competition and efficiency, as well as how we transact, allocate and move capital, and make financial decisions.”

“I am grateful to have this opportunity to implement the vision articulated by acting chairman Giancarlo in order to promote market-enhancing fintech innovation and incorporate emerging regulatory technologies that can help make the CFTC a 21st century digital regulator.”

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