Jeff Bandman Email & Phone Number

Jeff Bandman is Founder and Principal of Bandman Advisors. Bandman Advisors is a consulting and advisory practice focused on innovation and regulation in financial services, with special expertise in FinTech and RegTech. Bandman Advisors was formed to bridge the gaps in business, technology and regulatory strategy. Its approach applies Jeff Bandman’s unique blend of market and regulatory experience to solve business challenges.Prior to forming Bandman Advisors, Jeff served in four senior leadership roles at the CFTC.As the CFTC’s first FinTech Advisor, he was Founding Director and architect of LabCFTC. LabCFTC is the CFTC's new hub for engagement with FinTech innovation – the first established by a U.S. market regulator. He led FinTech and RegTech coordination with domestic and international regulators, chaired an international regulator workstream on post-trade digital innovation, and chaired the CFTC staff FinTech working group. Jeff previously led the CFTC's Division of Clearing and Risk, which oversees several of the world’s largest clearinghouses (CCPs). He led the negotiations resulting in long-sought “Clearinghouse Equivalence” with the European Commission.He originally joined the Commission as Special Counsel to Chairman Timothy Massad, and also led the CFTC’s Office of International Affairs.Jeff worked for many years in the financial industry in New York and London. He advised FIA on launching the SEF Tracker. As Head of Partnerships & Alliances of LCH’s SwapClear, he devised the innovative CCP2 partnership program and championed the award-winning SMART margin simulator. He rebuilt and managed Cantor Fitzgerald’s market data business after September 11. Mr. Bandman started his career as an associate at Cravath, Swaine & Moore in New York, then was Americas General Counsel for Prebon Yamane. He graduated from Yale magna cum laude with honors in History and English, and has a law degree from Stanford. He is a five-time Jeopardy! Champion.

Geneva, Ch

The Global Blockchain Business Council (GBBC) is the leading global industry association for the blockchain technology ecosystem with nearly 500 institutional members, and 231 Ambassadors from 109 jurisdictions and disciplines.

Paris, Île-De-France, Fr

Achieve a coordinated approach to the regulatory and supervisory treatment of new or innovative financial activities.Identify risks to investor protection, and to financial stability, in the financial innovation area; and then to produce a risk mitigation strategy.ESMA's Financial Innovation Standing Committee (FISC) is mandated to achieve a coordinated approach to the regulatory and supervisory treatment of new or innovative financial activities, and to identify risks to investor protection, and to financial stability, in the financial innovation area; and then to produce a risk mitigation strategy. Its terms of reference are set forth here: https://bit.ly/2Qv7kb6. FISC contributes to ESMA's assessment of risks to investors, markets and financial stability through identification, monitoring and assessment of benefits and risks of financial and technological innovation. The FISC also provides assistance with regard to single rulebook, product intervention, and supervisory convergence. The consultative working group provides ESMA and its FISC with expertise and feedback.

Nicosia, Cy

I teach UNIC's flagship course on law, regulation and policy of blockchain and cryptoassets. This global survey course is targeted for professionals including regulators, lawyers, auditors, compliance officers and anyone interested in learning more about this rapidly evolving field. I am also co-teaching IFF's course on virtual assets and AML targeted for law enforcement personnel and financial intelligence units.

Brussels, Brussels Region, Be

The European Union Blockchain Observatory and Forum has been developed with the aim to accelerate blockchain innovation and the development of the blockchain ecosystem within the EU, and so help strengthen Europe’s position as a global leader in this transformative new technology. The EU Blockchain Observatory and Forum was created as a European Parliament pilot project in 2018, and is being run under the aegis of the European Commission’s Directorate General for Communications Networks, Content and Technology (DG CONNECT).The Observatory relies heavily on this community of experts to work towards increased positive impact of blockchain on the European economy.

New York, New York, Us

London, England, Gb

Global Digital Finance is a not-for-profit cryptoasset industry policy initiative driving the acceleration and adoption of digital finance to support the next era of digitised commerce. GDF is actively working with regulators and industry bodies in building a global framework for tokens and cryptoassets through development of a Code of Conduct and Taxonomy for cryptoassets. GDF is in constant dialogue with policymakers, regulators and industry bodies across the globe – and is committed to a transparent, inclusive and global consultative process to develop the Code. At GDF I was responsible for establishing and leading our quarterly regulator-only forum, convening global regulators for chatham house rules discussions of emerging policy and supervisory issues.

New York, New York, Us

BlockAgent Inc. is an independent SEC-registered transfer agent focused on blockchain-based digital securities. BlockAgent is the new regulated market infrastructure bringing trust and compliance to digital securities.I founded BlockAgent because I believe that for tokenization to succeed there should be well-run regulated market infrastructure for regulated products and markets - and that such infrastructure should be purpose-designed and built for digital markets. I sold the company in early 2022.

New Haven, Ct, Us

I'm teaching a senior Capstone seminar on cryptoassets and public policy in the Yale Jackson Institute for Global Affairs.

Washington, Dc, Us

Launched LabCFTC, the first FinTech innovation hub launched by a U.S. market regulator. Founding Director of LabCFTC, responsible for LabCFTC's initial operations. As FinTech Advisor, was responsible for developing architectural blueprint and vision for LabCFTC and advised the Acting Chairman on FinTech priorities and policy. Chaired CFTC staff cross-divisional FinTech working group established in 2015 that meets with industry, innovators and other regulatory authorities. Led coordination with domestic and international regulators on FinTech and RegTech issues. Newly established role at CFTC.Chaired workstream of the CPMI-IOSCO Joint Working Group on Digital Innovation preparing a report on FinTech and RegTech use cases in reporting and data management, alongside other use cases in clearing and settlement.

Washington, Dc, Us

Led division of ~70 staff responsible for regulation, supervision and examination of most of the world’s largest clearinghouses (CCPs). DCR also oversees members of CCPs and other market participants who may pose risk to the clearing process.• Lead negotiator for landmark “clearinghouse equivalence” agreement reached with European Union in 2016, resulting in “Common Approach to Transatlantic Clearing” resolving longstanding differences.• Lead negotiator for equivalence agreement for trading platforms reached with European Union in 2016, covering all U.S. futures exchanges.• Conceived and led pioneering cross-border “supervisory stress test” to assess impact of severe shocks across multiple clearinghouses and clearing members. Personally presented findings in closed-door Financial Stability Oversight Council (FSOC) principals meeting to Secretary of the Treasury and Chairs of Federal Reserve Board, SEC and FDIC.• To strengthen customer protection, achieved long-sought arrangements with Federal Reserve System allowing designated clearinghouses to deposit customer funds at Federal Reserve banks.• To promote cyber-resilience of critical market infrastructure, led full formal rulemaking for new cybersecurity systems safeguards rules for CCPs initiated by DCR and adopted in 2016 by CFTC. • Initiated first 3-country (US, UK and Germany) multi-regulator, multi-CCP fire drill, completed 2017.• To strengthen systemic stability, led formation of first U.S. crisis management groups (CMGs) for systemic U.S. CCPs, in conjunction with FDIC. Also participated in CMGs for three European CCPs.• To strengthen systemic stability, drove conclusion of multi-year process resulting in completion of “end of waterfall” rules by the two largest US CCPs, completed review of those rules among CFTC, SEC and Federal Reserve Board, and formal CCP submission of Recovery and Wind-Down Plans. • Drove completion of CFTC written procedures to be followed in market disruption or stress event.

Washington, Dc, Us

Advised Chairman Timothy Massad on broad range of issues; special focus on data, trading and clearing.• Assisted in formulating a more pragmatic approach to swaps trading issues such as package trades, error trade policy and straight through processing.• Chaired CFTC data strategy working group and Data SteerCo. Led creation of first CFTC data catalog, development of new metrics, and creation of divisional “data officers”. Drove changes to streamline swaps data reporting and align CFTC data strategy with end user requirements.

Washington, Dc, Us

Led office of ~12 staff responsible for policy coordination with U.S. financial regulators and international authorities, as well as participation in international organizations such as the International Organization of Securities Commissioners (IOSCO). • Initiated proactive outreach efforts with European authorities to promote mutual understanding and harmonizing of our respective swaps trading rules.• Represented U.S./CFTC in 2015 Strategic and Economic Dialogue with China. Made presentation at 2015 Joint Economic Committee meeting with China (on Capital Markets Cooperation).• Represented U.S./CFTC in Financial Markets Regulatory Dialogue with European Commission. • Chaired IOSCO Committee 7 on Commodity Derivatives Markets

Founder/ Managing PrincipalConsulting and advisory practice focused on building financial market structure businesses and other technology-driven companies. • Business Advisor to OpenGamma Limited, a leading risk analytics technology firm.• Advisor to Futures Industry Association (FIA) on "SEF Tracker" -- a new market reporting initiative focused on OTC derivatives trading volumes on swap execution facilities.• Advised leading market data company on new global data opportunities resulting from post-crisis regulatory reform.• Assisted LCH, LiquidityHub and Project Rainbow (see below).• Other assignments included developing indices and analytics for art information business; business development for start-up empowering giving real gifts to virtual addresses; and advising specialty on-line social network.• Author of article published June 2014 in Futures Industry on "Swaps Transparency: New Data from Swaps Trading"• Author of article published in Fall 2010 (attached above) on "The New Clearing Landscape" analyzing the impact of and identifying key issues driven by G20, Dodd-Frank and EMIR global regulatory reform and clearing of OTC derivatives

London, Gb

Head of Partnerships and Alliances -- LCH Limited -- for SwapClearSenior role in development and successful launch of SwapClear “FCM service” for clearing interest rate swaps through U.S. intermediaries. Drove technology and marketing strategy. Initiated Partnerships & Alliances to build global awareness of SwapClear clearing service and promote business opportunities generated by post-crisis financial regulatory reform. • Developed innovative client clearing pricing plan targeting hedge funds resulting in >85% market share• Conceived and first proprietary API used by SwapClear and adopted by other LCH businesses• Led proprietary award winning “SMART” margin simulator; achieved strategic integration of SMART into Bloomberg swaps trading and swap analytics. Drove unique strategy of offering both desktop and code library versions of SMART.• Led award-winning SwapClear client clearing launch marketing campaign. Developed three successful client-facing front ends.• Launched innovative CCP2 OTC clearing partnership program with global consulting firms including Deloitte and Accenture• Conceived and implemented new “Client Deposit Rate” for cash collateral from clients. Developed new rate setting methodology and safeguards.• Led third party FinTech platform, execution venue, technology vendor, consultancy and other relationships; developed SEF pricing plan; spearheaded SEF onboarding to meet CFTC deadline.• Helped build US presence from 5 to 70 FTEs; member of LCH.Clearnet LLC Executive Committee • Conceived and led strategy to transform LCH reputation for technology; spearheaded achievement of numerous global industry awards for technology, innovation and risk analytics. Awards included American Financial Technology Awards, Sell Side Technology Awards, Buy Side Technology Awards and FTF Financial Technology Forum Innovation Awards.• Served on Design Authority to develop SwapClear FCM service with colleagues and industry delegates.

Interim chief executive for proposed new European electronic futures and options exchange sponsored by industry participants, including seven of the world’s largest derivatives dealers and brokers. Initiative suspended with onset of financial crisis.• Product set and strategy comparable to CurveGlobal financial futures offered by LSE Group and cleared at LCH, with cross-margining option available.• Worked closely with senior business heads and Board members from sponsoring firms. • Led teams from sponsoring firms to establish key policies and priorities.• Led negotiation of key agreements, technology RFP process and business specifications process.• • Developed business plan, financial model and liquidity strategy.

Us

Led new multi-dealer consortium creating electronic hub for trading in interest rate derivatives and government bonds. Was offered permanent COO role. Platform launched Q3 2007.• Developed business plan and financial model• Structured and negotiated key distribution and technology agreements.• Led development of business specifications.• Worked closely with Board members and senior business heads at 15 shareholder firms including Bank of America, Barclays, BNPParibas, Citibank, DeutscheBank, Goldman Sachs, JPMorgan, Morgan Stanley, Societe General and UBS.

New York, New York, Us

General management responsibility for market data sales business. Principal products were real-time U.S. Treasuries data and interest rate swaps data. • Grew market data revenues from $0 to over $20 million in revenues (with 60% operating margins). • After business impact of September 11th events and termination of distribution arrangements accounting for virtually all revenue, developed and implemented completely new business strategy, operations and distribution. Grew team from 2 to 30 staff with presence in Europe and Asia.• Obtained investment offer at $500 million valuation from private equity firm.• Developed U.S, Treasuries real-time market depth and historical tick data products • Co-holder of patent for data visualization of U.S. Treasury and financial futures data products. • Closed deals accounting for ~10% of revenues over four years with two key customers.• eSpeed corporate development role included sourcing and negotiating acquisitions and investments. • managed eSpeed technology licensing business

London, England, Gb

Member, senior Americas management team for interdealer broker in financial and energy markets. Leading role in new products and businesses, joint ventures and alliances. Pioneered formation of EnergyClear (first CFTC-licensed OTC clearinghouse). Structured and negotiated alliances to establish innovative hybrid voice and electronic brokering platforms for energy products (Altrade, among Prebon, Amerex and Altra) and credit default swaps (between Prebon and CreditTrade). Structured and negotiated alliance to establish multi-broker data product based on actual transactions in power and gas (P&G Data) among Prebon, Amerex and NatSource, and distribution agreement with PWC.

New York, Ny, Us

Doctor Of Law - Jd

Ba, History, English

Education record