CFTC gripped by fiscal year-end hiring frenzy
Agency races to add staff by September 30 amid budget uncertainty
The US government's fiscal year ends on September 30, and that means one thing at the Commodity Futures Trading Commission (CFTC): it's time to hire new employees, the quicker the better.
Former CFTC employees say the perennial uncertainty around the agency's budget has led to an annual tradition that few people enjoy, in which it scrambles to add new staff in August and September. In some cases, new hires are given as little as 24 hours to decide whether to accept a job offer from the CFTC
More on Regulation
Esma sounds out industry for ways to cut reporting burden
Markets watchdog asks consultative groups for ideas to simplify reporting rules
Why EU banks have snubbed revised green finance metric
Banks steer clear of Banking Book Taxonomy Alignment Ratio in droves
Ruled out: can regulators settle the pre-hedging debate?
Market participants are at odds over the practice and whether regulation or principles can settle the score
First green asset ratios come in low as EU banks protest methodology
ABN Amro only bank to break double digits in a sample of 23 lenders
Commodities surge presents UMR test for Asia’s sell side
Increased interest in commodity exotics comes amid scrutiny of margin calculation models
Some see Esma reining in position limits after review
The scope of position limits could shrink to cover just the major benchmarks, one executive argues
Burden of implementing US sanctions now firmly on energy firms
Energy firms must now screen operations of every vessel they deal with, writes maritime data expert
Shipping and energy firms revisit hedging on IMO 2020
Upcoming shipping rules set to impact fuel prices across the energy complex
