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Washington
Obama taps CFTC counsel for Treasury post
WASHINGTON (9/9/11)--President Barack Obama on Thursday nominated Cyrus Amir-Mokri to serve as the U.S. Treasury Department’s Assistant Secretary for Financial Institutions and as a member of the National Consumer Cooperative Bank’s board of directors. The Treasury’s Assistant Secretary for Financial Institutions is charged with developing and coordinating Treasury's policies on legislative and regulatory issues affecting financial institutions. The Credit Union National Association (CUNA) has worked closely with Treasury officials in this position. For instance, CUNA worked with former assistant secretary Michael Barr last year, as CUNA President/CEO Bill Cheney discussed the National Credit Union Administration’s corporate credit union legacy asset plans, increasing the credit union member business lending cap, and other credit union issues during meetings last November. Amir-Mokri recently worked in the Commodity Futures Trading Commission (CFTC), serving as senior counsel to the chairman. He was also the CFTC’s agency’s deputy representative to the Financial Stability Oversight Council. The Wall St. Journal reported that Amir-Mokri helped write portions of the Dodd-Frank Wall Street Reform Act that focused on derivatives regulations. The Tehran, Iran-born Amir-Mokri has also worked in the United States Court of Appeals for the First Circuit, and received his law degree from the University of Chicago Law School. He also holds a Ph.D. in History from the University of Chicago and an A.B. in Biochemistry from Harvard College, according to an administration release.
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