HTML Preview Resignation Letter Example page number 1.
U.S. Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street, NW, Washington,
DC
20581
Mark
P.
Wetjen
Commissioner
The
Honorable Barack Obama
www.
cftc. gov
August 14, 2015
President
of
the United States
of
America
The
White House
1600 Pennsylvania Avenue,
NW
Washington,
DC
20500
Dear Mr. President:
(202) 418-5010
(202)
418-5067 Facsimile
I write you today to formally submit my resignation from my appointment
as
commissioner with the U.S. Commodity Futures Trading Commission.
My
last day
will be August 28,
2015.
It
has been a tremendous
honor
to serve
as
both
commissioner and acting
chairman
of
the CFTC during an important time in
our
nation's history
-I
thank
you, Mr. President, for granting me the opportunity.
As you well know, during my service the CFTC and regulators around the
globe began an extraordinary effort to reform the financial system in order to better
protect
U.S. taxpayers and citizens around the world from future financial crises. In
the context
of
the G20, you and other world leaders helped forge consensus around
what that reform should entail with respect to the global derivatives markets:
mitigating systemic and counterparty risk through central clearing
of
swaps,
increasing transparency through new reporting and trading requirements, and
enhancing tools to combat fraud and manipulation.
Together with my fellow commissioners, I have helped bring that vision
of
reform into a reality by implementing tide VII
of
the Dodd-Frank Wall Street
Reform and Consumer Protection Act.
The
CFTC has successfully finished the vast
majority
of
the work
of
rule writing pursuant to its mandate under
Dodd-Frank-
only a few rules remain to be finalized. More than ninety CFTC actions related to
Dodd-Frank, in addition to many other commission actions, have been adopted
since I joined the agency, and I supported and helped shape every one
of
them.
Today there are more than 100 swap dealers provisionally registered with the
CFTC, clearing mandates in place for liquid swaps and trading mandates requiring