Funding of US financial regulators coming under scrutiny

Massad’s Congress frustrations and Clinton’s suggestions of independent levy could move cost of regulation to managers

Tim Massad’s patience finally snapped. On 22 December, the mild-mannered CFTC chair released a furious statement attacking Congress and the president after his budget was frozen for fiscal year 2016. In February, the proposal was to provide the CFTC with a 29% increase on its $250m annual budget. By the