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Mark Wetjen: President of Backpack US and Former CFTC Commissioner

What They’re Saying

“CFTC Chairman Timothy Massad said Mr. Wetjen 'consistently provided a thoughtful, informed perspective.' On key votes, Mr. Wetjen often found himself positioned between Republican members of the commission and . . . the former chairman, who pressed for aggressive new regulations."

– "Democrat Mark Wetjen Stepping Down as CFTC Commissioner," Wall Street Journal.
“Soon after Mr Wetjen took charge [at the CFTC], he reached out to his European counterparts to discuss ways to improve cooperation, sources said."

– "CFTC Leadership Change Eases Strain," Financial Times.
“In recent weeks, acting chairman Mark Wetjen has met several top-level European counterparts to discuss ways regulators could better work together."

– "Regulators Reach Deal on Over-the-Counter Derivatives Rules," Financial Times
“Mark Wetjen, a commissioner at the Commodity Futures Trading Commission (CFTC) . . . suggested authorities may need to consider rules forcing clearing houses to put up more of their own capital to a default fund, and urged greater standardization over how clearers assess risk in their own systems."

– "U.S. Should Consider Tougher Clearing Rules," Financial Times.