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FY 2011 Highlights & Resources at a Glance

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Resources at a Glance


Resources at a Glance
Fiscal Year Outcomes
2007 $98 Million Actual Obligations — Decreased Staff by 56
2008 $111 Million Actual Obligations — Increased Staff by 12
2009 $146 Million Actual Obligations — Increased Staff by 49
2010 $168 Million Actual Obligations — Increased Staff by 107
2011 $193 Million Actual Obligations — Increased Staff by 61


CFTC Staffing


Workforce 5-Year Staffing Trends
Fiscal Year FTE
2007 437
2008 449
2009 498
2010 605
2011 666
10-Year Staffing Trends
Fiscal Year FTE
2002 567
2003 556
2004 517
2005 487
2006 493
2007 4371
2008 449
2009 498
2010 605
2011 6662

1 In FY 2007, CFTC had 437 FTEs which was a historic low. (back to text)

2 Staffing is climbing back from historic lows. In FY 2011, CFTC had 666 FTEs (669 on-board). (back to text)



Strategic Plan Overview

The FY 2011 - 2015 Strategic Plan, released in February, 2011, incorporated enactment of the Dodd-Frank Act. Congress gave this swaps oversight responsibility to the CFTC because of its strengths in regulating the futures and options markets. While the swaps marketplace has only been around since the 1980s, the futures marketplace has existed since the 1860s has been regulated by the CFTC and its predecessor agencies since the 1920s.

The goals of the CFTC largely remain consistent with prior years with the regulation of swaps being incorporated within the current regulatory structure applied to the futures and options markets.

FY 2011 – 2015 Strategic Goals
Goal 1 Protect the public and market participants by ensuring market integrity, promoting transparency, competition and fairness and lowering risk in the system.
Goal 2 Protect the public and market participants by ensuring the financial integrity of derivatives transactions, mitigation of systemic risk, and the fitness and soundness of intermediaries and other registrants.
Goal 3 Protect the public and market participants through a robust enforcement program.
Goal 4 Enhance integrity of U.S. markets by engaging in cross-border cooperation, promoting strong international regulatory standards, and encouraging ongoing convergence of laws and regulation worldwide.
Goal 5 Promote Commission excellence through executive direction and leadership, organizational and individual performance management, and effective management of resources.

 

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