Concerns were raised last week about the prospect of Commodity Futures Trading Commission (CFTC) heading into next year's Congressional reauthorisation procedure with less than half its full complement of five commissioners.
If chairman Jim Newsome leaves, as expected, to take up the vacant presidency of New York Mercantile Exchange (Nymex), CFTC will be left with only two commissioners, Sharon Brown-Hruska and Walter Lukken. Some have questioned its ability, under those circumstances, to represent itself strongly enough to Congress or to best manage its routine tasks.
Chicago Board of Trade president and...