The widely anticipated move will bring to an end a tumultuous tenure
highlighted by a dramatic overhaul of the derivatives market mandated by
the 2010 Dodd-Frank law and the prosecution of big investment banks for
manipulating the Libor interest-rate benchmark.
Gensler, whose term ended earlier this year, can stay on as head of the
futures regulator until at least December under the terms of his
appointment, or until Congress confirms a replacement.
The Wall Street Journal previously reported that the White House in
January had asked Gensler to serve a second term at the head of the
CFTC. But Gensler passed on the opportunity.
No comments:
Post a Comment