Jill E. Sommers, one of two Republican members of the U.S. Commodity Futures Trading Commission, plans to resign from the country’s top derivatives regulator after the first quarter of this year.
One by one, Gary Gensler’s supporters deserted him. Now the chief U.S. regulator of derivatives was being summoned by Treasury Secretary Jacob J. Lew to explain why he refused to compromise.
Jill E. Sommers, the U.S. Commodity Futures Trading Commission member who oversaw the agency’s investigation into the collapse of MF Global Holdings Ltd., will step down from the agency next week.
The inability of U.S. regulators to agree on guidelines for the international reach of the Dodd- Frank Act may disrupt the $708 trillion global swaps market, said Jill E. Sommers, a Republican member of the Commodity Futures Trading Commission.
Deutsche Bank AG , Germany’s biggest bank, said it hired Greg Sommer as managing director and head of energy mergers and acquisitions for the Americas.
JPMorgan Chase & Co., the largest U.S. lender, named Barry Sommers chief executive officer of its consumer bank, replacing Ryan McInerney, who’s leaving to become president of Visa Inc.
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