RELEASE Number
6518-13

February 21, 2013

CFTC Staff and IOSCO Board Level Task Force to Host Public Roundtable to Discuss IOSCO Consultation Report on Financial Benchmarks

Washington, DC – The staff of the Commodity Futures Trading Commission (CFTC) and the International Organization of Securities Commissioners (IOSCO) will hold a public roundtable on Tuesday, February 26, 2013, from 1:00 p.m. to 4:00 p.m., to discuss the IOSCO Consultation Report, “Financial Benchmarks,” which was published in January 2013. This roundtable, along with the written comment letters and the roundtable discussion held in London on February 20, will inform the IOSCO Final Report containing principles of best practices for benchmark methodologies and governance.

The roundtable will be held in the Conference Center at the CFTC’s Headquarters, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC. The discussion will be open to the public with seating on a first-come, first-served basis.

Listening Information: The CFTC has made available the following options to access the meeting:

Call in to a toll-free telephone line to connect to a live audio feed.

Call-in participants should be prepared to provide their first name, last name, and affiliation. Conference call information is listed below:

Domestic Toll Free:

866-844-9416

International Toll Numbers:

Listed under Related Links

Conference Passcode:

CFTC

Agenda for the Public Roundtable Discussion:

1:00 – 1:15 p.m.

Opening Remarks From CFTC Chairman Gary Gensler

1:15 – 2:00 p.m.

Discussion of Potential Issues

 
  • Concerns of Benchmark Users
  • Methodology; Transparency
  • Governance and Accountability
  • Role and Responsibilities of Administrators

2:00 – 2:45 p.m.

  • of Benchmark Activities
  •  
    • Approaches to Enhanced Oversight: Drawing Regulatory Distinctions

    2:45 – 3:00 p.m.

    Coffee Break

    3:00 – 3:45 p.m.

    Discussion of Data Sufficiency and Transition

     
    • Sufficiency of Data Used to Construct Benchmarks
    • Transition Issues

    3:45 – 4:00 p.m.

    Closing Remarks

    Last Updated: February 21, 2013