January 3, 2014
I want to thank all of you for welcoming me into the CFTC family these last five years.
Five years ago, when the President was formulating his financial reform proposals, he placed tremendous confidence in this small agency, which for eight decades had overseen the futures market.
Based on your incredible work, the agency now oversees a transformed swaps market.
I have worked with some remarkable people in my career – when on Wall Street, at the Treasury Department, and on political campaigns.
The CFTC staff is among some of the most professional and productive that I’ve worked with in my life. You’ve shown how when faced with real challenges – we can come together as a nation to solve them.
As of today at noon, Mark Wetjen, who has worked tirelessly on this reform effort, takes the helm here at the CFTC. Subject to Senate confirmation, Tim Massad will do so in the coming months. They are fortunate to have you – this incredible team – to help guide them.
I’ll close by saying how very proud I am of all of you. Thank you for your hard work and dedication to this agency. And please don’t be a stranger after I walk down the stairs one last time as Chairman.
Last Updated: January 3, 2014