CFTC Market Risk Advisory subcommittees presented reports on Climate-Related Market Risk, Central Clearing Counterparty Risk and Governance, Market Structure and Interest Rate Benchmark Reform.
News & Insights
SEC Chair Jay Clayton and Commissioner Hester M. Peirce expressed support for two recent SEC rulemakings applicable to security-based swap dealers.
A group of leading trade associations urged the CFTC to focus on pre-trade risk controls instead of promulgating one-size-fits-all prescriptive rules, and to continue the dialogue with the industry on the remaining portions of proposed Regulation Automated Trading.
The CFTC Market Risk Advisory Committee debated how well derivative markets are functioning for end-users.
CFTC Commissioner Scott O'Malia provided the opening remarks at the April 30th Technology Advisory Committee. In his remarks, O'Malia stated that the main focus of the advisory meeting was swap data reporting and big data, but also commented on large trader swaps reporting under the CFTC's Part 20 Rules. O'Malia further noted that updates would be provided on a customer protection technology solution and CFTC Rules 1.73 ("Clearing Futures Commission Merchant Risk Management") and 1.74 ("Futures Commission Merchant Acceptance for Clearing"). Finally, the Commissioner commented on the recent