|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|
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)
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.
|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.|