Katten Partner to Lead CFTC Alumni Network, Signaling Regulatory Influence
Event summary
- Carl Kennedy, co-chair of Katten's Financial Markets and Regulation practice, will co-chair the CFTC Graduates Society (CFTCGS).
- The CFTC Graduates Society aims to foster connections and information sharing among current and former CFTC professionals.
- Kennedy previously served as a regulator at the CFTC and in-house counsel at a large investment bank.
- Kennedy will co-chair the CFTCGS with Matt Kulkin, a partner at another Big Law firm.
The big picture
The formation of the CFTC Graduates Society and Kennedy's leadership position highlight the ongoing importance of relationships between the agency and the legal industry. This network provides a formalized channel for former regulators to maintain influence and potentially shape the direction of commodity and derivatives regulation, which is a $400+ trillion market. Katten, by placing a key partner in this role, is strategically positioning itself to benefit from this dynamic.
What we're watching
- Regulatory Headwinds
- Kennedy's role suggests increased alumni engagement with the CFTC, potentially influencing future regulatory interpretations and enforcement priorities, especially given his prior experience.
- Governance Dynamics
- The CFTCGS's activities and Kennedy's leadership will likely shape the flow of information and perspectives within the agency, impacting its internal decision-making processes.
- Business Development
- Katten may leverage Kennedy's position to expand its influence and client base within the commodities and derivatives markets, particularly among firms seeking regulatory guidance.
Related topics