CFTC Staff to Host a Public Roundtable to Discuss Additional Customer Protections
CFTC today announced that staff will hold a public roundtable on Thursday, August 9, 2012, from 9:30 a.m. to 5:00 p.m., to discuss customer protection requirements for futures commission merchants (FCMs). The objective of the roundtable is to gather public input on a variety of ideas to further protect customers.
[SL Comment: This obviously takes place against the background of MF Global and Peregrine. What the CFTC would seem to want to achieve out of this roundtable is to build up newspaper momentum for insurance funding and for increased regulatory funding. In fact, many of the recent CFTC speeches have lobbied for futures insurance, so it will be interesting to see how much of the roundtable is focused on this "idea."]
Agenda for the Public Roundtable Discussion:
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9:30 a.m. |
First Session - SRO requirements for the examination of FCMs |
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10:30 a.m. |
Morning Break |
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10:45 a.m. |
First Session (continued) - CFTC oversight of SRO examination and the role of the CPA |
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12:45 p.m. |
Lunch Break |
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1:30 p.m. |
Second Session - CFTC Staff's Customer Protection Proposals |
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3:30 p.m. |
Third Session - Alternative Models for Segregation |
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5:00 p.m. |
Roundtable Concludes |
View release in full here (links externally to CFTC website).