Mark P. Wetjen, former commissioner and one-time acting chairman for the CFTC, is joining post-trade services and systems provider DTCC as a managing director to oversee global public policy functions and related business and legal activities, say DTCC officials. Wetjen resigned from the commission, effective August 28, and will begin his time with the DTCC… Read More >>
The CFTC’s Case for More Cops
The CFTC has been fairly aggressive in writing and launching new regulations, particularly for the clearing and execution of over-the-counter derivatives — a key reform of the Dodd-Frank Act. Getting the follow-up support from Congress to effectively oversee these reforms has been a major challenge for the regulator. Undaunted, Mark P. Wetjen, the acting chairman… Read More >>
CFTC to Fix Broken Swaps Data System
The CFTC is quietly acknowledging that its swaps transaction data reporting system is broken. Mark P. Wetjen, the acting chairman for the CFTC, and his fellow commissioners formed an interdivisional staff working group last month to reassess the regulator’s swaps data-gathering processes. The new group is likely to serve as a catalyst for a much-needed… Read More >>
