Massad Moves a Step Closer to Taking Helm of U.S. CFTC

Timothy Massad, the Treasury Department official named to head the U.S. Commodity Futures Trading Commission, moved a step closer to confirmation as a Senate panel approved his nomination. The Senate Agriculture Committee, which has jurisdiction over the derivatives regulator, voted to advance Massad and commission nominees Sharon Y. Bowen and J. Christopher Giancarlo to the full Senate. A final confirmation vote hasn’t been scheduled yet. More on Bloomberg here.