CFTC Commissioner Dawn D. Stump named Wendy Yun as Chair of a newly-launched Subcommittee of the Global Markets Advisory Committee ("GMAC"). As previously covered, the new Subcommittee on Margin Requirements for Non-Cleared Swaps GMAC subcommittee will recommend actions to mitigate challenges to the implementation of margin requirements. Ms. Yun is currently the co-chair of SIFMA's Asset Management Group.
In addition, Ms. Stump identified other members selected for the 14-person GMAC Subcommittee. She stated that the members have a "high-level" of expertise on how margin requirements for non-cleared swaps affect the market.
The CFTC Global Markets Advisory Committee established a subcommittee on margin requirements for uncleared swaps.