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 his unique blend of market and regulatory experience to solve client business challenges.
Previously, Jeff served in four senior leadership roles at the U.S. Commodity Futures Trading Commission from 2014-2017. 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 founded and chaired the CFTC staff FinTech working group.
Jeff previously led the CFTC’s Division of Clearing and Risk, which oversees most of the world’s largest clearinghouses (CCPs) and clearing members. He led the negotiations resulting in “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 the Futures Industry Association on launching the SEF Tracker data product. As Head of Partnerships & Alliances of LCH’s SwapClear, he devised the innovative CCP Squared partnership program and championed development of the award-winning SMART margin simulator. He also helped design and launch the SwapClear “FCM service” for clearing interest rate swaps through US intermediaries. He was responsible for global arrangements with FinTech vendors, trading platforms, trade repositories, custodians and others in the OTC ecosystem. Mr. Bandman earlier worked on a variety of new market structure and FinTech initiatives in the derivatives industry in New York and London, including LiquidityHub and the Project Rainbow consortium. Before that he and managed Cantor Fitzgerald’s market data business after the events of September 11. Mr. Bandman started his career as an associate at Cravath, Swaine & Moore in New York, and was Americas General Counsel for Prebon Yamane, now part of the ICAP group.
He graduated from Yale magna cum laude with honors in History and English. He has a law degree from Stanford with honors as a member of the “Order of the Coif”. He is a five-time Jeopardy! Champion and spent his winnings backpacking around Africa, Asia and Europe.