LIBOR is an acronym for the London Interbank Offered Rate. Last week, the CFTC announced a $65 million fine against a derivatives trader who manipulated the rate.
Before her current post, Lowe was the associate director of the enforcement division for 11 years, during which time, she oversaw the investigation and prosecution of multiple cases. She began her law career as an associate at the Piper and Marbury law firm, which is now DLA Piper.
She takes over for David Meister, who brought the agency’s first ever charges under new powers granted by the Dodd-Frank Act.
“David has brought energy, talent and experience to our critical mission to protect the public from fraud and abuse and ensure market integrity,” Gensler added.
In a statement, Meister said that he will “return full time to my family in New York.”