Tuesday, June 6, 2023

Tim Massad

by Hideo Nakamura
Tim Massad

Tim Massad is an American lawyer and former senior government official who served as the United States Department of Treasury’s Acting Assistant Secretary for Financial Stability from June 2009 to January 2015. He was also appointed by President Barack Obama in 2013 to serve as Chairman of the Commodity Futures Trading Commission (CFTC).

Massad graduated magna cum laude with a B.A. degree from Harvard University and received his J.D. degree from Yale Law School in 1980, where he was a member of the Board of Editors at Yale Law Journal. Following graduation, he clerked for U.S District Judge Robert Lamberth and worked briefly as an associate at Covington & Burling before joining Wilmer, Cutler & Pickering (now known as WilmerHale) in 1983 where he became partner in 1991 and chaired its derivatives practice group until 2001 when he left to become managing director for Lehman Brothers Global Markets Group’s legal department until 2008 when it filed bankruptcy due to the Great Recession financial crisis that same year, leading him back into public service once again under President Barack Obama within Treasury Department’s Office of Financial Stability which had been created during this time period specifically to respond largely towards addressing toxic assets held by financial institutions linked with AIG bailout program among other measures taken during this period such as TARP Program etc., while overseeing all aspects of capital investments involved across private sector entities receiving funding during this time frame including monitoring portfolio performance on behalf of American taxpayers amongst several other duties associated with setting forth effective policy reforms related towards safeguarding US economy against future systemic risks arising out potential widespread disruptions caused by failing large banking institutions or insurance firms etc., via working closely alongside Federal Reserve Bank along with FDIC plus others agencies responsible for maintaining soundness amongst US financial system overall based off enforcement powers granted through Dodd-Frank Act signed into law 2010 etc..

In 2014 Massad announced his intention to step down from his role within CFTC after being nominated earlier that same year by President Obama though confirmed later September following Senate hearings approving nomination unanimously paving way forward towards succession plan appointing Christopher Giancarlo whom now serves current chairman agency since then onwards prior retiring officially August 2015 beyond having achieved what many considered impressive accomplishments throughout tenure notably implementation rules providing transparency between swaps marketplace participants helping bring increased liquidity stability market overall preceding retirement prior returning onto private legal practice focused energy commodities futures trading complex structuring asset backed securities transactions besides consulting work related policy matters involving finance industry today often speaking panelist attending conferences seminars related topics particularly those focusing security regulations digital cryptocurrencies blockchain technologies innovation currently taking place around world presently too…

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