On 26 November 2024, the Commodity Futures Trading Commission, the regulatory authority overseeing derivatives markets in the United States, announced that its Market Risk Advisory Committee (MRAC) will hold a public meeting on Tuesday, 10 December 2024. The meeting will take place at the US CFTC headquarters in Washington, D.C., from 9:30 a.m. to 12:30 p.m. Eastern Time, with an option for virtual participation.
The MRAC meeting will focus on issues within the derivatives and financial markets, central counterparty risk and governance, market structure, climate-related risks, and the impact of emerging technologies. The Central Counterparty Risk & Governance subcommittee will lead discussions on cyber resilience and third-party service providers, while the Market Structure subcommittee will address the cash-futures basis trade. A detailed agenda for the session will be released in the coming days.
The meeting is open to the public, who may attend in person or access a live webcast via the US CFTC’s website. Virtual participants can join by phone using provided toll-free or international numbers, along with a passcode and Web ID for access. Materials presented during the meeting will also be made available online. Public comments related to the meeting are encouraged and may be submitted through the US CFTC’s website until 17 December 2024. For those unable to submit comments electronically, alternative arrangements can be made by contacting the US CFTC.
The Market Risk Advisory Committee advises the US CFTC on matters such as evolving market structures and the movement of risks across key stakeholders, including clearinghouses, exchanges, intermediaries, market makers, and end-users. It also examines systemic issues that could undermine the stability of derivatives markets and recommends ways to strengthen market structures and resilience.
As one of five advisory committees under the US CFTC’s oversight, the MRAC provides a platform for communication between the Commission, market participants, regulators, and academics. While its recommendations and opinions are advisory in nature and do not necessarily reflect the views of the US CFTC or the United States government.
(Source: https://www.cftc.gov/PressRoom/Events/opaeventmrac121024)
