Timothy Massad, the former US Treasury staffer, this week
took a crucial step to becoming the next chairman of the
Commodity Futures Trading Commission but what are his key
challenges as the head of the world’s most
powerful derivatives regulator?
The US watchdog has this year been through a period of
transition as Mark Wetjen was temporarily the
CFTC’s acting chairman following the departure of
long-time chair Gary Gensler in January.
While the world’s top banks and commodities
traders were not sad to see the back of Gensler, Wetjen has
done in recent months a reasonable job of fire-fighting as the
CFTC’s international peers have become frustrated
with the tough line taken by the US regulator.
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |