The President is nominating top Treasury Department official Timothy Massad as head of CFTC, the agency that regulates the futures and options market.» Read More
WASHINGTON, Nov 15- Prominent Republicans in the U.S. House of Representatives on Friday threw their weight behind industry complaints that the nation's derivatives regulator is confusing markets as it rushes through a plethora of new rules.
WASHINGTON, Nov 12- President Barack Obama on Tuesday named Timothy Massad, a lawyer who oversaw the U.S. government's $700 billion bank bailout program, as the next head of one of Wall Street's most powerful supervisors.
WASHINGTON, Nov 12- President Barack Obama plans to name Timothy Massad, a lawyer who earned his spurs at the country's bank bailout program, as the next head of the U.S. swaps regulator, according to a White House official.
WASHINGTON, Nov 12- President Barack Obama plans to name Timothy Massad as the next head of the U.S. swaps regulator, a White House official said, picking a lawyer who earned his spurs at the nation's bank bailout program.
WASHINGTON, Nov 7- Timothy Massad, the Treasury official who leads the U.S. bank bailout program, is about to be selected as the new chair of the country's derivatives regulator, a source familiar with the matter said.
CHICAGO/ SAN FRANCISCO, Nov 7- CME Group Inc and the IntercontinentalExchange Inc are gearing up to revisit a high-stakes battle in an obscure corner of commodities rule-making, highlighting the fallout still emerging from Washington five years after the financial crisis.
LONDON, Nov 6- The U.S. Commodity Futures Trading Commission is in for its biggest shake up since the financial crisis as two of its most experienced members and strongest proponents of tougher regulation prepare to step down.
WASHINGTON, Nov 5- U.S. Commodity Futures Trading Commission member Bart Chilton said on Tuesday that he has told President Barack Obama that he plans to leave the futures regulator soon. The commission is currently down one member after Republican Jill Sommers left earlier this year.
WASHINGTON, Oct 30- U.S. regulators hope to vote in December on a rule that would bar banks from gambling with their own money, the nation's top derivatives regulator said on Wednesday, a sign that the controversial Volcker rule may soon become law.
WASHINGTON, Oct 30- U.S. regulators hope to vote in December on a rule that would bar banks from gambling with their own money, the nation's top derivatives regulator said on Wednesday, in a sign that the acrimonious process of writing the Volcker rule is drawing to an end.
WASHINGTON, Oct 30- U.S. Commodity Futures Trading Commission Chairman Gary Gensler said regulators have not yet agreed on the final wording of the controversial Volcker rule, but he is trying to schedule a commission vote on the rule in December.
WASHINGTON, Oct 30- The head of the U.S. Commodity Futures Trading Commission said he would try to schedule a vote in December on the controversial Volcker rule to ban proprietary trading by banks. An initial version was proposed in October 2011 but was never made final.
The departure of David Meister, head of enforcement at the Commodity Futures Trading Commission, comes as his close ally CFTC Chairman Gary Gensler's five-year term draws to a close at the end of the year without a clear candidate to replace him. During Meister's nearly three years on the job, the CFTC filed a record number of actions against Wall Street.
Oct 1- The head of enforcement at the Commodity Futures Trading Commission, David Meister, is expected to step down as early as Tuesday, the New York Times reported, possibly leaving a leadership vacuum at the agency that regulates the derivatives market.
"The SEC will be able to stay open in the event of a funding lapse," spokesman John Nester said, explaining that the SEC has funds that are not available to most other U.S. agencies. Even if the SEC did run out of funds and was forced to scale back operations, securities regulators would still keep an eye on exchange activity, potential insider-trading and money funds.
WASHINGTON, Sept 30- If a budget stalemate in the U.S. Congress leads to an extended federal government shutdown, investors can expect potential interruptions to financial product approvals and new rules, though market oversight would not grind to a halt. The exact timing of when the SEC would cease some functions is unclear.
NEW YORK, Sept 27- The U.S. Commodity Futures Trading Commission has warned against the use of controversial documents that have been at the center of disputes in the $300 trillion derivatives market in recent weeks, after some fund managers accused big banks of trying to use the proposed agreements to maintain their market control.
WASHINGTON, Sept 25- A leadership vacuum at the top U.S. derivatives regulator could weigh down the Commodity Futures Trading Commission's efforts to police financial markets using vast new powers Congress gave it after the financial crisis, lobbyists and people inside the regulator said.
WASHINGTON, Sept 24- The head of the Senate Agriculture Committee asked the regulator of the U.S. futures markets on Tuesday to probe whether traders have manipulated the price of biofuel credits that soared over the summer and were blamed for raising gasoline prices.
LONDON, Sept 19- A top U.S. regulator stepped back from previous calls to scrap the Libor interbank lending rate, saying instead that reform needed to be led at a global level and would take time.