Wednesday, 23 July 2014
Last updated 11 hours ago
Feb 28 2014 | 9:20am ET
Another top Wall Street regulator is leaving the public sector.
Mythili Raman, acting assistant attorney general in charge of the U.S. Justice Department’s criminal division, will step down next month. Raman’s year in the position has seen her lead a number of probes into financial crimes.
“From combating financial and health care fraud, to fighting foreign and domestic corruption, and safeguarding the American people from crime and drug-fueled violence, Mythili’s tenure as head of the criminal division has been defined by extraordinary achievements,” Attorney General Eric Holder said.
Raman isn’t the only top official leaving the criminal division; one of her deputies, Denis McInerny, is also stepping down. A large number of other Justice Dept. and regulatory officials, and federal prosecutors, have left government service in recent months.
Raman has been with the Justice Dept. for almost 20 years. She will be succeeded by Leslie Caldwell, who has been nominated by President Barack Obama.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…