Obama selects SEC and CFTC leaders

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US president-elect Barack Obama has continued to line up his choices to lead the country's financial supervisory agencies as part of his calls for "a 21st century regulatory framework to ensure that a crisis like this can never happen again".

Following on from his appointment in November of Timothy Geithner, president of the Federal Reserve Bank of New York, as the next US Treasury secretary, Obama has named the future leaders of the Securities and Exchange Commission (SEC) and Commodity Futures

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