US CFTC Appoints Patrick Schorno as Chief Economist to Strengthen Regulatory Economic Analysis Capabilities

Odaily Planet Daily News: U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig announced the appointment of Dr. Patrick J. Schorno as the agency's Chief Economist. In this role, he will provide economic advisory support to the Commission, integrate regulatory cost-benefit analysis, and oversee related research efforts. The appointment aims to strengthen the economic analysis capabilities for the U.S. derivatives market, enhance the transparency and scientific rigor of regulatory policies, and support ongoing regulatory coordination with the U.S. Securities and Exchange Commission (SEC).

Dr. Schorno previously served as Deputy Chief Economist at the Public Company Accounting Oversight Board (PCAOB), and has held positions as an Executive Director at Ally Financial and a Financial Economist at the Federal Reserve Bank of Richmond. His research has been published in journals such as the Journal of Banking & Finance, the Journal of Financial Intermediation, and the Journal of Corporate Finance.

The CFTC stated that this appointment will further enhance its economic analysis capabilities in formulating financial regulatory policies.