Walter L. Lukken
|WATCH: FIA Boca Preview: Walt Lukken on the 2013 Outlook for the Futures Industry on MarketsWiki.tv (March 2013)|
|Walter L. Lukken|
|Occupation||President and CEO Chief Executive Officer|
|Employer||Futures Industry Association|
Prior to joining FIA, he served as the chief executive officer of New York Portfolio Clearing (NYPC), a 50/50 joint venture between NYSE Euronext and The Depository Trust & Clearing Corporation (DTCC). Lukken had been serving as senior vice president, Global Market Structure, Office of the General Counsel at NYSE Euronext, since July 13, 2009, before being named CEO of NYPC.
He was previously a commissioner of the Commodity Futures Trading Commission (CFTC) beginning in August 2002. Lukken, who was appointed acting chairman of the CFTC on June 27, 2007, stepped down from the post on Jan. 20, 2009 when president Barack Obama was sworn into office.
Lukken also serves on the advisory committee of the Clearing Corporation Foundation endowed fund for the Institute for Financial Markets. He also serves as an ex-officio member of the IFM's board of trustees.
Lukken was appointed by former president George W. Bush to serve two terms as a Republican commissioner among the five CFTC commissioner seats. (Two seats are Republican, two are Democratic with the fifth seat of chairman going to the president's party.) His term was due to expire in 2010. He was initially succeeded as acting chairman on Jan. 20, 2009 by CFTC commissioner Michael Dunn until a chairman was approved by the U.S. Senate. Gary Gensler was the presidential nominee to succeed Lukken and Dunn.
As acting chairman, Lukken testified 14 times before Congress and represented the agency as part of the President's Working Group on Financial Markets. He worked 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.
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).
Lukken was born and raised in the Chicago suburb of Darien, Illinois, but moved to Indiana during his teen years.
He received his B.S. degree in finance with honors from the Kelley School of Business at Indiana University in 1989, and his Juris Doctor degree from Lewis and Clark Law School in Portland, Oregon in 1992. He is a member of the Illinois Bar.
John Lothian News Interviews
FIA Boca Preview: Walt Lukken on the 2013 Outlook for the Futures Industry (Part 1)
Walt Lukken has had his hands full since taking the top spot at the Futures Industry Association (FIA) in March 2012. With FIA Boca set to start on March 12, JLN editor-in-chief Jim Kharouf spoke with him about the industry over the past year, including the fallout and reaction to MF Global and Peregrine Financial Group, the outlook for brokers and why the president and CEO of the FIA believes 2013 will be better than 2012.
In advance of the FIA Boca 2013 conference next week, John Lothian News traveled to Washington D.C. this week to interview Walt Lukken, president and CEO of the Futures Industry Association, to get his comments on the state of the futures industry today and what is in store for the rest of the year.
FIA Boca Preview: Walt Lukken on the Impact of Regulation on the Futures Industry (Part 2)
Walt Lukken knows regulation. As a former Commodity Futures Trading Commission (CFTC) acting chairman and commissioner, he has seen the Dodd-Frank rulemaking process first hand. Now, after completing his first 12 months as president and CEO of the FIA, he’s trying to ensure that all those regulations make sense and work for industry participants. With FIA Boca set to start on March 12, Lukken spoke with JLN editor-in-chief Jim Kharouf about where we are in the Dodd-Frank rulemaking process, costs associated with the new rules, and his thoughts on some of the most controversial moves by regulators and exchanges.
- ↑ FIA Announces Leadership Succession (PDF). FIA.
- ↑ NYSE’s Lukken set to head futures association. Financial Times.
- ↑ New York Portfolio Clearing Names Walter Lukken CEO. NYSE Euronext.
- ↑ NYSE Euronext Names Walter Lukken, Former Acting CFTC Chairman, As Senior Vice President, Global Market Structure, Office of the General Counsel. NYSE Euronext.
- ↑ CFTC Announces Resignation of Commissioner Walt Lukken. CFTC.
- ↑ Clearing Corporation Foundation Endowed Fund. IFM.
- ↑ IFM Board of Trustees. Institute for Financial Markets.
- ↑ CFTC Establishes New Energy Markets Advisory Committee. CFTC.
- ↑ Statement of Walter L. Lukken, Commissioner of the Commodity Futures Trading Commission, Before The Futures Industry Association. U.S. Commodity Futures Trading Commission.
- ↑ Walter Lukken. LinkedIn.
- ↑ Speeches & Testimony. CFTC.
- ↑ CFTC Website. U.S. Commodity Futures Trading Commission.
- ↑ FIA Boca Preview: Walt Lukken on the 2013 Outlook for the Futures Industry (Part 1). John Lothian News.