Swap Regulator Wetjen Stepping Down After Four Years at CFTC
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Mark P. Wetjen, a member of the main U.S. derivatives regulator, is stepping down after almost four years of helping to put in place one of the most wide-ranging market oversight rewrites in generations.
Wetjen, a Democrat, pushed for increased coordination with overseas regulators as the U.S. Commodity Futures Trading Commission wrote rules for the swap market required by the Dodd-Frank Act following the 2008 credit crisis. Wetjen was often viewed as a more moderate voice on the commission as he looked to build consensus on cross-border oversight, rules increasing competition on new trading platforms and limits on commodity market speculation.