US regulators bullish despite senior vacancies

Author: John Crabb | Published: 3 Aug 2017

Several months into its mandate and the Trump administration has still not filled key senior staff roles at some of its regulators, with some market observers fearing the US financial market may lose some of the edge that it has held over rivals. 

But the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are missing a number of key commissioners. This lack of capacity is worrying some who say that appropriate measures need to be taken to fill those gaps and ensure the smooth running of the regulators. 

The Trump administration has yet to make some key appointments, and retire the 'no vacancy' sign Last month this opinion was voiced by sitting CFTC commissioner Sharon Bowen during her closing statement to the derivatives regulator’s Market Risk Advisory Committee. She announced her intention to leave her post early, saying that following the departure of former chairman Timothy Massad,...