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February 7, 2014

JPMorgan’s Blythe Masters to Join Swaps Regulator Panel

“Blythe Masters, head of JPMorgan (JPM) Chase & Co.’s commodities division, joined an advisory committee of the U.S. Commodity Futures Trading Commission.”

“Masters, 44, is a member of the CFTC’s Global Markets Advisory Committee, the Washington-based regulator of futures and swaps said on its website. She was invited by acting Chairman Mark Wetjen to sit on the panel and is scheduled to participate in a CFTC meeting on Feb. 12 to discuss cross-border guidance on rules, a person with knowledge of the matter said.”

“JPMorgan, the biggest U.S. bank, is selling the part of its commodities division dealing in physical assets, such as metals and oil, as regulators examine whether federally backed lenders should be involved in those markets. Masters probably wouldn’t join Mercuria Energy Group Ltd., which is in exclusive talks for the unit, a person with knowledge of the auction said this week.”

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Read full Bloomberg article here.

 
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