Font Size: AAA // Print // Bookmark

News Item: ni0104-13

  • October 3, 2013

    Gensler to Step Down as CFTC Chairman

    Exit Would Cap Tumultuous Tenure as Leader of Financial Regulator

    By Scott Patterson and Jamila Trindle

    WASHINGTON—After nearly five years on the job, Commodity Futures Trading Commission Chairman Gary Gensler plans to leave the agency by the end of the year, a person familiar with the matter said.

    The widely anticipated departure will end a tumultuous tenure highlighted by a drastic revamping of the derivatives market mandated by the 2010 Dodd-Frank law and the prosecution of big investment banks for manipulating the interest-rate benchmark called the London interbank offered rate.

    Read Full Article on Wall Street Journal. (Subscription required)

    Last Updated: December 30, 2013