Gary Gensler’s term as chairman of the U.S. agency writing regulations required by the Dodd-Frank Act for the global swaps market ends tomorrow. All the same, his ability to craft rules for companies including Goldman Sachs Group Inc. and JPMorgan Chase & Co. could extend at least until next year.

Federal rules permit Gensler, a Democrat, to remain as chairman of the U.S. Commodity Futures Trading Commission until the end of 2013. If President Barack Obama loses re-election in November, his successor could nominate a replacement as chairman earlier. White House spokeswoman Amy Brundage declined to comment on whether the president will re-nominate Gensler.

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.