As stated in the CFTC’s Strategic Plan, the Commission’s ability to achieve its mission of protecting the public, derivative market participants, U.S. economy and the U.S. position in global markets is driven by well-informed and reasoned executive direction, strong and focused management, and an efficiently-resourced, dedicated, and productive workforce – this is a top-to-bottom requirement. These attributes of an effective organization combine to lead and support the critical work of the Commission to provide sound regulatory oversight and enforcement program for the U.S. public. To ensure the Commission’s continued success, continuity of operations, and adaptation to the ever-changing markets it is charged with regulating, the Commission must lead effectively and maintain a well-qualified workforce supported by a modern IT infrastructure and working environment.
Starting in 2011 and carrying through 2013, the Commission will develop and implement a host of rules, many of which address the Dodd-Frank Act requirements and many of which will significantly alter and expand the Commission’s mission and operation. To successfully develop, implement, and manage these rules, as well as perform its existing mission, the Commission requires unambiguous and timely direction, and the right quantity and quality of staff, aligned in an optimal operating structure supported by the necessary training, development, tools, resources and working environment.
The Commission said it will take a number of actions to ensure its ability to perform with excellence. Accomplishments have been achieved in each area and further work is needed and will be completed. We have followed through and in section ---- we chronicle many of the accomplishments and expected outcomes for 2012 and 2013. Broadly the efforts align as shown below and established in Goal Five of the CFTC’s Strategic Plan: