X

Another Departure Announcement: CFTC Commissioner Kristin Johnson to Step Down

"As our markets become more complex and reflect the incorporation of and reliance on novel technologies, the Commission must have the resources to effectively supervise more sophisticated markets."
Kristin N. Johnson, CFTC Commissioner
"As our markets become more complex and reflect the incorporation of and reliance on novel technologies, the Commission must have the resources to effectively supervise more sophisticated markets."
Kristin N. Johnson, CFTC Commissioner

CFTC Commissioner Kristin Johnson said she will leave the agency when her term expires later this year.   

Ms. Johnson's announcement comes after CFTC Commissioners Christy Goldsmith Romero and Summer K. Mersinger said they will be leaving the agency at the end of this month.

Ms. Johnson, an appointee of President Biden, provided a "survey" of her work on "risk management for derivatives clearing organizations (DCOs), cyber-resilience, and effective recovery, resilience, and wind-down regulations." She also highlighted her focus on AI integration in financial markets and her sponsorship of the Market Risk Advisory Committee. 

In her statement, Ms. Johnson also argued that the agency will need more funding going forward.  She said "I believe that the Commission would benefit from increased resources dedicated to enabling several of the Divisions within the Commission to prepare for and meet the challenges of regulating innovative trading, clearing, and settlement technologies."

 

Primary Sources

  1. CFTC: Public Statements & Remarks: Statement of Commissioner Kristin N. Johnson on Her Departure from the CFTC

Related Articles

Tags

Individuals
Kristin N. Johnson
Regulated Activities
Governance
Sub-Activity
Regulatory Personnel Changes
Regulated Entities
Regulatory Agencies
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CFTC