The confirmation of a Presidential nominee for the Commodity
Futures Trading Commission (CFTC) was blocked last week as
questions were raised over her opinions on regulation of OTC
Jill Sommers, former head of regulatory affairs at
International Swaps and Derivatives Association (Isda) and
formerly with Chicago Mercantile Exchange in governmental
relations, had her confirmation blocked by California Senator,
Dianne Feinstein. Feinstein said she would like more
information from Sommers regarding her views on regulation of
OTC energy markets.
That version of events contradicted earlier press reports
that Sommers had been confirmed on 9 December by Congress.
Keith Williams, a spokesperson for the Senate Agriculture
Committee, which oversees CFTC, said that the confirmation
reports were due to a "clerical error in the legislative
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