Americas: US resumes deregulation drive

Author: | Published: 24 Aug 2017
All steam ahead

President Trump and the Republican party have made no significant policy changes since our last issue, but financial regulators have all been working hard to get the deregulatory ball rolling as the summer draws to an end.

Looking first to the Commodity Futures Trading Commission (CFTC). The last remaining Democrat commissioner Sharon Bowen announced on June 20 her intention to leave her post as soon as possible. Bowen cited that with only two active commissioners in place, completing routine business was increasingly difficult, and that the regulator was frozen in place. Less than a month later, however, the president appointed Republicans Dawn Stump and Brian Quintenz, and Democrat Rostin Behnam to the Commission. As Christopher Giancarlo was confirmed as chairman, Quintenz and Benham were also confirmed shortly afterwards. Stump's confirmation has been put on hold until a further Democratic nominee is put forward to replace Bowen.




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