'Blockchain has Tremendous Potential in the Market,' Says CFTC’s Giancarlo

What was one of the main challenges faced by financial regulators during the 2008 crisis?

• Excessive regulation of credit default swaps

• Over-reliance on blockchain technology

• Inability to contact financial institutions

• Lack of accurate data on financial exposures

How could blockchain technology have changed the response to the 2008 financial crisis?

• By eliminating the need for financial regulators

• By providing precise data on financial exposures

• By increasing the number of credit default swaps

• By reducing the global notional amount of exposure

What is financial cartography?

• A strategy to reduce financial regulations

• A technique to map financial exposures using blockchain

• A method to increase credit default swaps

• A process to enhance market volatility

What role does the International Swaps and Derivatives Association (ISDA) play in the CDS market?

• It criticizes the CFTC's actions

• It eliminates credit default swaps

• It develops new language and protocols for the market

• It regulates all financial institutions

Since the CFTC's criticism in 2018, how has the CDS market evolved?

• The CFTC has stopped monitoring the market

• Industry leaders have taken a responsible approach

• It has seen a decrease in market participants

• It has become less regulated