Senate lawmakers on Tuesday confirmed all three of President Barack Obama's nominees for the Commodity Futures Trading Commission, restoring the top US regulator of swaps and other derivatives to a full slate of commissioners.
The Senate, by voice vote, approved senior Treasury Department official Timothy Massad to head the five-member agency, and brokerage executive J. Christopher Giancarlo for an open Republican seat at the CFTC. Massad will succeed Gary Gensler, who stepped down as CFTC chairman in January.