Is Steven Mnuchin's US Treasury Department encroaching on the regulatory turf of the Securities & Exchange Commission at the same time former Goldman Sachs executive Gary Cohn, now Director of the National Economic Council, is in conflict with regulatory domain expert Commodity Futures Trading Commission?
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Treasury Department seeks wide influence over exchange-traded markets
The US Treasury Department took an interesting step on October 6th when they issued a report titled, “A Financial System That Creates Economic Opportunities – Capital Markets.”
In the document, authored by Treasury Secretary Mnuchin and Counselor Craig Phillips, made sweeping recommendations on how exchange-traded markets should operate. For instance, the Treasury report recommended that all exchanges be required to...
