Mark Wetjen, acting chairman of the Commodity Futures Trading Commission (CFTC) announced that Joseph Cisewski and Scott Reinhart have been named co-chiefs of staff and co-chief operating officers. They will be responsible for jointly coordinating and overseeing budget and strategic planning processes.
Mr. Cisewski will primarily oversee activities in the CFTC’s office of the General Counsel, Office of the Chief Economist, and Divisions of Swap Dealer and Intermediary Oversight and Clearing and Risk. He will also coordinate with Congress and other agencies in the executive branch and serve as the agency’s deputy to the Financial Stability Oversight Council (FSOC).
Mr. Reinhart will be responsible for the oversight of the activities of the CFTC’s Office of International Affairs, including the agency’s coordination with foreign regulators and Divisions of Market Oversight and Enforcement. He will also oversee personnel and administrative initiatives and actions in the CFTC’s Office of the Executive Director.
Acting Chairman Wetjen stated, “I am very pleased that these talented public servants will help manage the Commission during this critical transition period for the derivatives markets.” He continued, “I have relied upon Joe and Scott’s advice on over 60 final rules, orders and interpretations issued by the Commission over the past two years and these efforts have been instrumental in bringing transparency to the swaps marketplace and in enhancing the safety and soundness of the derivatives market structure. Their experience and diligence will be valuable as the Commission continues to implement financial reforms in the months ahead.”
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