Walter Lukken

From MarketsWiki

Walter Lukken
Occupation	Acting Chairman
Employer	Commodity Futures Trading Commission
Location	Washington, DC USA
Web site	www.cftc.gov

A CFTC commissioner since 2002, Walter Lukken is the acting chairman^[1] of the Commodity Futures Trading Commission. On Sept. 7, 2007, he was nominated by President George W. Bush to become to the chairman of the CFTC. His term expires in 2010.

Now serving his second term, Lukken has testified several times before Congress and represents the agency as part of the President's Working Group on Financial Markets. He works frequently with other domestic and foreign financial regulators.

Lukken served as chairman of the CFTC Global Market Advisory Committee (GMAC) until February 2008 when Commissioner Jill E. Sommers was appointed chair. GMAC was created by the Commission to provide an industry forum in which it can discuss complex and novel issues raised by recent globalization of futures markets. In this role, he frequently represented the Commission before international organizations and forums, including the International Organization of Securities Commissions (IOSCO) and the Committee of European Securities Regulators (CESR). He also has addressed the U.S.-China Joint Economic Committee hosted by the U.S. Department of Treasury on the developing role of derivatives markets in China, among other organizations.

Lukken also serves as chairman of the CFTC Energy Markets Advisory Committee (EMAC), announced in February 2008. The committee provides a public forum to examine emerging issues related to the energy markets and the CFTC’s role in these markets under the Commodity Exchange Act.^[2]

Background

Prior to joining the CFTC, Lukken served for five years as counsel on the professional staff of the U.S. Senate Agriculture Committee under Chairman Richard Lugar (R-IN), specializing in futures and derivatives markets. In this capacity, he was prominently involved in the development, drafting and passage of the CFMA (H.R. 5660).

Education

He received his B.S. degree with honors from the Kelley School of Business at Indiana University, and his Juris Doctor degree from Lewis and Clark Law School in Portland, Oregon. He is a member of the Illinois Bar.

Speeches

The CFTC keeps an archive^[3] of speeches and testimony of their Commissioners on the CFTC website.^[4]

Also See

CFTC commissioners

References

1. ↑ Acting Chairman Walter Lukken. Commodity Futures Trading Commission. Retrieved on November 12, 2007.
2. ↑ "CFTC Establishes New Energy Markets Advisory Committee,” 2/13/08. CFTC. Retrieved on Feb. 22, 2008.
3. ↑ Speeches & Testimony. U.S. Commodity Futures Trading Commission. Retrieved on January 11, 2008.
4. ↑ CFTC Website. U.S. Commodity Futures Trading Commission. Retrieved on January 11, 2008.