Global Markets Advisory Committee

The Global Markets Advisory Committee was created in 1998 to advise the Commission on issues that affect the integrity and competitiveness of U.S. markets and U.S. firms engaged in global business.

Commissioner Dawn Stump sponsors the Global Markets Advisory Committee.  Members include industry professionals, representatives of futures exchanges, and market participants. Andree Goldsmith serves as the Designated Federal Officer for the committee.

Committee Charter (PDF)

Margin Requirements for Non-Cleared Swaps
Name Entity Representing Title
Wendy Yun (Chair) Securities Industry ad Financial Markets Association Asset Management Group Co-Chair, Derivatives Committee
Mark Bailey Two Sigma Investments, LP Head of Financial Resource Management
Darcy Bradbury D.E. Shaw & Co., LP Managing Director
Rosario Chiarenza Morgan Stanley Capital Group, Inc. Chief Compliance Officer
Betsy Cochrane Barings, LLC Assistant General Counsel
Dominick Falco BNY Mellon Markets Head of Collateral Segregation Product
Vera Horgan Wellington Management, LLP Managing Director, Derivatives Platform
Tara Kruse International Swaps and Derivatives Association, Inc. Global Head of Infrastructure, Data, and Non-Cleared Margin
Alessandra Riccardi National Futures Association Managing Director
Sachiyo Sakemi BlackRock Managing Director
Andrew Smith Virtu Financial  Senior Vice President
Nick Steele Barclays Managing Director and Head of Collateral Optimization Unit, Financial Resource Management's Resource Management Group
Christine Stevenson British Petroleum Energy Company Chief Compliance Officer
Chris Walsh Acadia Soft Chief Executive Officer

Meetings

Date Meeting Details

Meeting to discuss international coordination efforts in time of COVID-19 and the report and recommendations from the Margin Requirements for Non-Cleared Swaps Subcommittee regarding the implementation of initial margin requirements for non-cleared swaps. Full details, including agenda, here.

Meeting to discuss the implementation of margin requirements for non-centrally cleared derivatives and the European market Infrastructure Regulation (EMIR) 2.2. Full details, including minutes and agenda, here.

Meeting to discuss how regulators are fulfilling the 2009 G20 directive regarding the OTC derivatives market. Full details, including minutes and agenda, here.

Meeting to discuss clearinghouse safeguards and the CFTC’s proposal on the cross-border application of its margin requirements for uncleared swaps. Full details, including agenda, here.

Meeting to discuss issues related to clearing Non-Deliverable Forwards and the digital currency bitcoin. Full details, including agenda, here.

Meeting to discuss issues related to the CFTC’s coordination with foreign regulators on the oversight of foreign-based swap clearinghouses and foreign swaps execution facilities. Full details, including agenda, here.

Meeting to discuss the CFTC’s cross-border guidance addressing the applicability of certain Commission regulations. Full details, including agenda, here.