Concerns were raised last week about the prospect of
Commodity Futures Trading Commission (CFTC) heading into next
year's Congressional reauthorisation procedure with less than
half its full complement of five commissioners.
If chairman Jim Newsome leaves, as expected, to take up the
vacant presidency of New York Mercantile Exchange (Nymex), CFTC
will be left with only two commissioners, Sharon Brown-Hruska
and Walter Lukken. Some have questioned its ability, under
those circumstances, to represent itself strongly enough to
Congress or to best manage its routine tasks.
Chicago Board of Trade president and ceo, Bernie Dan, said
"We need five commissioners, with one as chairman. Hopefully
there will be some interim appointments because there's too
much to do for just two of them".
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