Head of the US futures regulator was expected to step down after Trump's win
Timothy Massad has announced his decision
to step down as chairman of the Commodity Futures Trading
Commission (CFTC) after two-and-a-half years at the helm of the
US derivatives regulator.
Massad has tendered his resignation, the
agency confirmed late on Tuesday. His departure, which was
expected, is set to coincide with the end of the Obama
administration and Donald Trump’s inauguration as
President on January 20.
He took charge of the CFTC in June 2014
after it was handed expanded powers to oversee complex parts of
the derivatives market as part of the Dodd-Frank financial
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