Washington, D. C. — Commodity Futures Trading Commission Commissioner
Kristin N. Johnson, sponsor of the CFTC’s Market Risk Advisory
Committee (MRAC or Committee), is seeking nominations for membership
on MRAC and also inviting the submission of potential topics for
discussion at future Committee meetings. The deadline for submissions
is June 17, 2022.
“The Commission must have an in-depth
understanding of potential systemic risks within the derivatives
markets and financial system,” explained Commissioner Johnson. “MRAC
will serve a critical role in advising the Commission on risk
management in our markets including the emerging decentralized market
structures in digital asset or cryptocurrency markets that may not
rely on intermediation as well as risk management across traditional
clearinghouses, exchanges, intermediaries, market makers, and end
users. Thus, the Commission seeks members who represent organizations
or groups with an interest in MRAC's mission and function and reflect
a wide range of perspectives and interests related to the derivatives
markets and other related financial markets. The knowledge and
experience of the members will undoubtedly position the Committee to
advise the Commission on key market risk issues in a timely fashion. I
also look forward to hearing from the public regarding potential
topics for MRAC’s consideration and putting an agenda together for the
important road ahead. ”
In the Federal Register Notice
published today, Commissioner Johnson invites the submission of
nominations for MRAC membership and also submissions regarding topics
on which MRAC should focus. In other words, topics that: (1) Reflect
matters of public concern to clearinghouses, exchanges, swap execution
facilities, swap data repositories, intermediaries, market makers,
service providers, end-users and the Commission regarding systemic
issues that impact the stability of the derivatives markets and other
related financial markets; or (2) Are important to otherwise assist
the Commission in identifying and understanding the impact and
implications of the evolving market structure of the derivatives
markets and other related financial markets.
In support of
the Commission’s mission of promoting the integrity, resilience, and
vibrancy of the U. S. derivatives markets through sound regulation, as
well as the monitoring and management of systemic risk, MRAC’s mandate
is to conduct public meetings, advise, and submit reports and
recommendations to the Commission on: (1) systemic issues that impact
the stability of the derivatives markets and other related financial
markets; and (2) the impact and implications of the evolving market
structure of the derivatives markets and other related financial
Nominations and topics for discussion at future MRAC
meetings should be emailed to [email protected] or sent by hand
delivery or courier to Natasha Coates, Senior Counsel to Commissioner
Kristin N. Johnson, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. Please
use the title ``Market Risk Advisory Committee'' for any nominations
or topics you submit.
There are five active Advisory
Committees overseen by the CFTC. They were created to provide advice
and recommendations to the Commission on a variety of regulatory and
market issues that affect the integrity and competitiveness of U. S.
markets. These committees facilitate communication between the
Commission and market participants, other regulators, and academics.
The views, opinions, and information expressed by the Advisory
Committees are solely those of the respective Advisory Committee and
do not necessarily reflect the views of the Commission, its staff, or
the U. S. government.
Please see the Federal Register Notice
for instructions on the submission of nominations and topics.
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