CMC Covers Wetjen’s Confirmation Hearing

In a carefully orchestrated hearing this morning, the Senate Ag Committee took up the confirmation of Mark Wetjen to the Commodity Futures Trading Commission.  Slated to replace out-going Commissioner Mike Dunn, Wetjen played up his ag background with nostalgic references to his time listening to market reports on his family farm in Iowa.

More on substance, he expressed his belief that at this “critical” time the Commission must “hew closely” to the statutory directives in the Dodd-Frank Act.  He also hinted that balancing the pressures to get rulemaking done quickly but correctly will be difficult.  “I think the more quickly the Commission can act the better because it is going to provide some certainty to market participants and I know the market prefers that,” Wetjen told lawmakers. “But I think more important to them is making sure the rules are right.”

To view the hearing, click here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: