Jim Moser, the deputy chief economist at the U.S. Commodity Futures Trading Commission, this month will leave the agency, which is in charge of writing new rules for the global swaps market under the Dodd-Frank Act.
Moser, who analyzed Dodd-Frank rules restricting speculation in oil and other commodities, as well as the costs and benefits of regulations, will join American University in Washington to direct the master’s in finance program, he said in a telephone interview today.
“I’m looking forward to having an influence on policy coming from a different direction. What I want to do is train people to be more effective at the intersection, if you will, between finance and law,” said Moser, who was acting chief economist in 2010. “As it is, the legislation is getting more and more into finance theory and quantitative aspects, and the lawyers don’t understand that and certainly the quantitative people that are financially trained don’t understand the law. What I’m trying to do is kind of fill that gap.”
Dodd-Frank, the financial-regulation overhaul enacted in 2010, requires the CFTC to write rules intended to have most swaps guaranteed by central clearinghouses and traded on exchanges or other platforms.