Two days after the Securities and Exchange Commission signed an agreement with the Commodity Futures Trading Commission to work more closely on areas of overlapping interest, Walter Lukken, acting chairman of the CFTC, was stressing the importance of what he calls "regulatory networks." Speaking at the Futures Industry Association's annual conference in Boca Raton, Fla. on March 13, Lukken described the role that technology and relationships with other agencies play in such networks, adding that he plans to "significantly advance both items" during his tenure. His speech is excerpted here.
Networks are an integral part of today's digital society. We are all familiar with social networks like Facebook and YouTube, communication networks like e-mail and Internet blogs, and economic networks like eBay and, for that matter, electronic exchanges. All of these networks have fundamentally impacted our daily lives and exist for a common reason--bridging like-minded individuals together to communicate information and ideas for the betterment of the individual as well as the network as a whole. In a relatively short period of time, technology has fundamentally changed the manner and speed in which humans interface with each other.
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