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Call for probe of U.S. derivatives regulator's staff cuts

Senator Elizabeth Warren has raised concerns regarding staffing cuts at the Commodity Futures Trading Commission (CFTC). The agency has reportedly reduced its workforce by about 25% since last year. In a letter to the Government Accountability Office, Ms. Warren said: "Given reasonable concerns that staffing cuts may have a material impact on the CFTC's ability to carry out its mandate as required by current law, I request that the GAO thoroughly reviews ⁠the staffing cuts." The CFTC has in recent months said that it expects to increase its workforce and has sufficient resources to meet its obligations, in part due to the use of artificial intelligence.

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