At some point between late last night and early this morning, it occurred to Blythe Masters that certain obligations might get in the way of chatting about cross-border guidance on rules.

Blythe Masters, JPMorgan Chase & Co.’s commodities head, withdrew from an advisory committee of the U.S. Commodity Futures Trading Commission a day after her appointment was disclosed, according to two people with direct knowledge of the decision.

The regulator may include another executive from New York-based JPMorgan on the global markets committee, said one person close to the bank who requested anonymity because the move hasn’t been publicly announced. Masters, 44, stepped down because the company’s sale of its physical commodities unit will keep her occupied, the person said….

Masters, whose name appeared on a list of committee members on the CFTC’s website yesterday, had been scheduled to participate in a Feb. 12 meeting to discuss cross-border guidance on rules. She was invited to the panel by acting Chairman Mark Wetjen, said one of the people. Her name has since been removed from the list.

JPMorgan’s Masters Said to Quit CFTC Panel After One Day [Bloomberg]
JPMorgan’s Blythe Masters to Join Swaps Regulatory Panel [Bloomberg]
JPMorgan in talks with Mercuria on commodities unit sale [Reuters]

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Comments (7)

  1. Posted by Guest | February 7, 2014 at 3:09 PM

    It would have been fox in a henhouse.

  2. Posted by Guest | February 7, 2014 at 3:16 PM

    Must have been sobering to see how the Bank of England now faces scrutiny over forex manipulation. Derivatives are probably the next OTC business to be examined by the regulators and definitely they are looking at forex derivatives already.

  3. Posted by Guess Levin | February 7, 2014 at 3:29 PM

    for some unknown reason, i'd definitely let her regulate my commodities.

    - guy who has a thing for cold, bitchy, yet intelligent british broads

  4. Posted by Lord Humongous | February 7, 2014 at 3:59 PM

    Judging by her hand gesture, you might want to reconsider

  5. Posted by Guest | February 7, 2014 at 5:49 PM

    Two ideas to think about: 1- Bernie Madoff, 2- NASD.

  6. Posted by Strap-on capital | February 8, 2014 at 12:45 PM

    I think she likes to pitch not catch

  7. Posted by Jackass | February 9, 2014 at 7:42 PM

    Sorry to wake you from your wet dream, but unless your commodities include a pair of nice breasts and a labia Blythe would not be in a bit interested in handling.

    - JP Morgan LGBT Club member (but only for free cocktails)