The swaps cops are back on the beat in full force.

After a six-month wait, the U.S. Senate yesterday confirmed TimothyMassad to serve as chairman of the Commodity Futures TradingCommission (CFTC) as lawmakers moved to bring the derivativesregulator to a full roster by signing off on two additionalnominees.

The Senate approved Massad and J. Christopher Giancarlo, anexecutive at inter-dealer broker GFI Group Inc., in a series ofvoice votes. Sharon Y. Bowen, a lawyer at Latham & Watkins LLP,was confirmed as a commissioner in a 48-46 vote amid oppositionfrom Republicans and a handful of Democrats.

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