Bloomberg Law
Jan. 16, 2020, 6:45 PM

New Senator With Swaps Exchange Ties Named to Oversight Panel

Lydia Beyoud
Lydia Beyoud
Fintech & Regtech Reporter

Georgia’s new senator, Kelly Loeffler (R), has been appointed to a subcommittee with direct jurisdiction over the financial services industry in which her husband Jeffrey Sprecher is a major player.

Sprecher is the chairman and chief executive officer of the Atlanta-based Intercontinental Exchange Inc. (ICE), one of the largest U.S. commodities and derivatives exchanges. ICE also owns the New York Stock Exchange.

The Senate Agriculture Committee tweeted Thursday that Loeffler will serve on its Commodities, Risk Management, and Trade Subcommittee. The subcommittee has direct jurisdiction over the Commodity Futures Trading Commission, which regulates swaps and derivatives markets, including ICE.

The ...