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ARTICLE · 28 JUNE 2017

CFTC Commissioner Sharon Bowen To Step Down

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CFTC Commissioner Sharon Bowen announced that she intends to step down from her position "within the next few months."

United StatesFinance and Banking

CFTC Commissioner Sharon Bowen announced that she intends to step down from her position "within the next few months."

In a statement before the Market Risk Advisory Committee, Commissioner Bowen expressed hope that her decision to leave the CFTC would spur the confirmation of four additional commissioners:

"Having just two Commissioners makes routine business difficult, but makes important policy decisions almost impossible. Without a full complement of commissioners to consider the far-reaching implications of our decisions, we are frozen in place while the markets we regulate are moving faster every day. This fact is intolerable to me. I came here to protect investors, by supporting prudent collateralization, promoting robust transparency, and ensuring vigorous enforcement in the derivatives markets; and I intend to continue to do all in my power to reach that goal. My hope is thus that by leaving early, I can inspire the key decision-makers to confirm four

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