Event: Advisory Committee Meetings

Commissioner Pham Announces CFTC Global Markets Advisory Committee Meeting on June 4

June 04, 2024

Transcript

CFTC Commissioner Caroline D. Pham, sponsor of the Global Markets Advisory Committee (GMAC), announced the GMAC will hold a public meeting on Tuesday, June 4, from 10:00 a.m. to 1:00 p.m. EDT at the CFTC’s New York Regional Office.

At this meeting, the GMAC will hear a presentation from the GMAC's Global Market Structure Subcommittee, Technical Issues Subcommittee, and Digital Asset Markets Subcommittee on various workstreams, and consider recommendations from the Subcommittees on such workstreams. A formal detailed agenda will be announced before the meeting. The meeting agenda may change to accommodate other GMAC priorities. For agenda updates and more information about this advisory committee, including its members, visit GMAC.

The GMAC recently advanced three recommendations to the Commission following its March meeting. The upcoming GMAC meeting will build upon the GMAC’s progress toward developing solutions to the most significant challenges in global markets, as outlined in its 2023-2025 work program.

Meeting Details

The meeting will be open to the public with seating on a first-come, first-served basis. The meeting will also be available via live webcast or listen-only audio feed via telephone.

What:

Global Markets Advisory Committee Meeting

Location

(In-person/virtual):

 CFTC’s New York Regional Office
Ted Weiss Federal Building
290 Broadway
30th Floor Conference Center
New York, NY 10007

*Virtual instructions below

When:

Tuesday, June 04, 2024

10:00 a.m. – 1:00 p.m. (EDT)

Viewing/Listening Instructions: View a live webcast on CFTC.gov or through the CFTC’s YouTube channel. Use the numbers below to call in. Call-in participants should be prepared to provide their first name, last name, and affiliation, if applicable. Materials presented at the meeting will be made available on CFTC.gov.

Instructions:

Domestic Toll-Free:

Domestic Toll Numbers:

1-833-435-1820 or 1-833-568-8864

1-669-254-5252 or + 1-646-828-7666 or +1-551 285-1373 or +1-669-216-1590

International Numbers:

International Numbers

Webinar ID:

Passcode:

160 720 0847

245047

Additional information is available in the Federal Register.

About the GMAC and Advisory Committees

The GMAC was created to advise the Commission on issues that affect the integrity and competitiveness of U.S. markets and U.S. firms engaged in global business, including the regulatory challenges of a global marketplace that reflects the increasing interconnectedness of markets and the multinational nature of business. The GMAC also makes recommendations regarding international standards for regulating futures, swaps, options, and derivatives markets, as well as intermediaries. In June 2023, Commissioner Pham announced the leadership and membership of the GMAC and its subcommittees—the largest-ever single advisory committee initiative sponsored by the CFTC. Members include financial market infrastructures, market participants, end-users, service providers, and regulators. Harry Jung is the GMAC Designated Federal Officer, and Nicholas Elliot is the GMAC Alternate Designated Federal Officer.

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.

Federal Register Notice
Additional Documents

Recommendations from the GMAC Technical Issues Subcommittee

Variation Margin Processes in Non-Centrally Cleared Markets

Recommendations from the GMAC Global Market Structure Subcommittee

The Impact of the US Bank Capital Proposals on End-Users that Rely on Cleared Derivatives Markets

GMAC Slides

View Materials