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 cryptoassets, 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.
Jeff is a Lecturer in Global Affairs at Yale, teaching cryptoassets and public policy in the Yale Jackson Institute for Global Affairs in Fall 2018. He is a co-founder of the Global Digital Finance initiative (GDF.io) to establish an industry-driven global code of conduct and taxonomy for cryptoassets, and serves on the GDF Advisory Council. He serves on the Board of Advisors of Templum Inc. and iComply Investor Services. He acts as FinTech regulation mentor for the Techstars Barclays FinTech Accelerator program. Jeff is a research fellow of the Blockchain for Algorithmic Regulation and Compliance (BARAC) initiative at University College London's Centre for Blockchain Technologies, and is a member of the RegTech Council.
Prior to forming Bandman Advisors, Jeff served the CFTC in four senior leadership roles.
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 ever established by a U.S. market regulator. He led FinTech and RegTech coordination with domestic and international regulators, chaired a new international regulator workstream on post-trade digital innovation, and chaired the CFTC staff FinTech working group.
Jeff also led the CFTC's Division of Clearing and Risk, which oversees many of the world’s largest clearinghouses (CCPs). He led negotiations resulting in “Clearinghouse Equivalence” with the European Commission, resolving longstanding differences. He achieved long-sought arrangements to safeguard customer funds at Federal Reserve System banks, and saw through to completion a formal cybersecurity rulemaking process to strengthen cyber-resilience safeguards for critical market infrastructure.
He originally joined the Commission as Special Counsel to Chairman Timothy Massad, and also led the CFTC’s Office of International Affairs.
Previously, 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. As Head of Partnerships & Alliances for LCH’s SwapClear service, he devised SwapClear’s innovative CCP2 partnership program and championed development of the award-winning SMART margin simulator. Earlier, he worked to establish the LiquidityHub trading platform. He rebuilt and managed Cantor Fitzgerald’s market data business after the events of September 11, 2001.
Jeff started his career as an associate at Cravath, Swaine & Moore in New York and then was Americas General Counsel for Prebon Yamane. He graduated from Yale magna cum laude with honors in both History and English, and has a law degree from Stanford. He is a five-time Jeopardy! Champion and reached the Tournament of Champions semi-finals.
For more details on Jeff's experience, please see his CV.