CFTC Chairman Nominee Timothy Massad Met With Skepticism by Senate

According to Bloomberg, President Obama’s nominee for the next chairman to the Commodity Futures Trading Commission is being met with skepticism by some members of the Senate. Pending approval from the Senate, Timothy Massad, a Treasury Official, will be taking over for current CFTC chairman Gary Gensler....

White House Announces Nominee for CFTC Chairman

According to the Financial Times, the White House plans to nominate Timothy Massad for chairman of the Commodity Futures Trading Commission (CFTC).  Massad, a US treasury official, will be taking the place of current CFTC chairman Gary Gensler, who will be stepping down towards the end of the year. How...

EU and CFTC struggle to come together over free-trade agreement

It’s been several months since the CFTC and foreign regulators agreed to begin working together to standardize derivative trading rules. However, while foreign regulators have been slow to hammer out the details of standard policing procedures, the CFTC has plowed ahead without them, attempting to...

CFTC and SEC Working to Strengthen Volcker Rule

According to Bloomberg.com, CFTC Chairman Gary Gensler and Kara Stein of the SEC have expressed concerns that changes need to be made to the Volcker rule. Scheduled to be set in place by the end of the year, Gensler and Stein are worried that a section of the rule, designed to limit banks’ ability to...

CFTC Commissioner Chilton Talks Banks, Wall Street, and Bruce Springsteen

CFTC Commissioner Bart Chilton spoke before the Society of American Business Editors and Writers in New York City earlier this month. Apparently inspired by American singer-song writer Bruce Springsteen, Chilton discussed—through Springsteen song titles– some of the causes of the financial crises of...

Confusion over CFTC’s “US Person” Definition Causes Headaches Overseas

According to the Financial Times, foreign fund managers may begin to minimize their business with the US. Due to the CFTC’s new definition of what constitutes a “US person,” fund managers in Europe and Asia who have a principal base of business within the US will now have to conform to the CFTC’s new...

CFTC struggles to get back to work as the government shutdown comes to an end

According to Politico, though the Commodity Futures and Trading Commission (CFTC) is open again, it may still have trouble getting its employees back to work. The CFTC is notoriously underfunded. The agency is in fact only slightly larger than it was 20 years ago, before taking on the swaps market and...

CFTC’s Scott O’Malia discusses automated trading rules.

According to The Trade News.com, CFTC’s Scott O’Malia mentioned in a conference held by the Investment Company Institute on Thursday that the Commodity Futures Trading Commission will need to implement the use of more data, as well as focus on high frequency traders (HTFs) as it begins to formulate new...

CFTC Commissioner O’Malia pleased with SEF performance, but sees room for improvement

According to the Wall Street Journal, Commodity Futures Trading Commission’s Scott O’Malia seems content with how the swap execution facilities have been operating since they were instituted. As a means to make the derivative market more transparent due to its role in the financial crisis of 2008, the...

Government Shutdown Creates Communication Gap between The CFTC and the European Commission

According to bankingtech.com, senior financial industry executives are less than pleased with the US and EU’s inability to work together on the implementation of derivatives reforms and swap execution facilities. While the Dodd-Frank Act was instituted by the US government to help create transparency in...
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