(Reuters) – US President Joe Biden plans to appoint Rostin Behnam to head the US Commodity Futures Trading Commission, which oversees the swaps and futures markets, Bloomberg News reported on Friday.
Behnam has headed Wall Street’s regulator on an interim basis since Biden took office in January.
The White House recently decided to permanently select Behnam for the role, Bloomberg News reported, citing sources unauthorized to speak publicly.
The timing of an official announcement is still weeks away, reported Bloomberg News.
Reporting by Jan Wolfe; Editing by Edwina Gibbs and Daniel Wallis