CFTC's new chairman: the market responds
Author: Zoe Thomas | Published: 13 Nov 2013
- President Obama announced Timothy Massad as his
nomination to replace Commodity Futures Trading Commission
(CFTC) chairman Gary Gensler in January;
- Two other CFTC commissioners will also be
stepping down leading to a possible shakeup in the behaviour
of the CFTC, though some are sceptical all three will be
- Market participants are eager to see the CFTC
slow down the progress of new regulation implementation and
open the dialogue between regulators and the
President Obama this week announced his choice to
succeed Gary Gensler as the head of the Commodity
Futures Trading Commission (CFTC).
The nomination of Timothy Massad, a former Cravath Swine &
Moore partner and current Assistant Treasury Security
overseeing the Troubled Asset Relief Program (Tarp), was
expected but received mixed reviews regardless.
If confirmed by the...