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March 6, 2013

White House Asked Gensler to Stay at CFTC

The Obama administration has asked Gary Gensler to serve a second term as the U.S.’s top futures-industry regulator, according to people familiar with the matter.

The question now is whether Mr. Gensler will say yes.

Mr. Gensler, who heard from the White House in January, hasn’t decided whether he will stay as chairman of the Commodity Futures Trading Commission. Instead, he is interested in taking on a role as a senior economic official elsewhere in the administration, these people say.

The leadership limbo has cast a shadow of uncertainty over the agency, complicating its efforts to write rules for the Dodd-Frank financial-regulatory law, among other work.”


Read full Wall Street Journal article here

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