The new CFTC chairman has said little in public over his first three months but that will change as his new team beds down
Three months after Timothy Massad became the chairman of the
Commodity Futures Trading Commission no-one could accuse him of
The most powerful futures lawmaker on the planet has spent
the three months since his appointment hiring his senior team
and maintaining a steady stream of no-action letters from the
But the new CFTC head has said little in public other than
to underline the CFTC’s desperate need for more
funding and to stress the importance of regulatory
co-ordination between the US and Europe, a touchy subject over
Massad wasted no time ringing the changes after taking
office on June 5, perhaps unsurprising after the US Senate took
over six months to approve his appointment following his
nomination by Barack Obama in November.
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