Event: Roundtable
CFTC Staff and IOSCO Board Level Task Force to Host Public Roundtable to Discuss IOSCO Consultation Report on Financial Benchmarks
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.
Agenda for the Public Roundtable Discussion:
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1:00 – 1:15 p.m. |
Opening Remarks From CFTC Chairman Gary Gensler |
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1:15 – 2:00 p.m. |
Discussion of Potential Issues |
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• Concerns of Benchmark Users • Methodology; Transparency • Governance and Accountability • Role and Responsibilities of Administrators |
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2:00 – 2:45 p.m. |
Oversight of Benchmark Activities |
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• Approaches to Enhanced Oversight: Drawing Regulatory Distinctions |
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2:45 – 3:00 p.m. |
Coffee Break |
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3:00 – 3:45 p.m. |
Discussion of Data Sufficiency and Transition |
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• Sufficiency of Data Used to Construct Benchmarks • Transition Issues |
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3:45 – 4:00 p.m. |
Closing Remarks |
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. Members of the public may also listen by telephone and should be prepared to provide their first name, last name, and affiliation.
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Listening information: |
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US Toll-Free Number: |
866-844-9416 |
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International Toll Numbers: |
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Passcode: |
CFTC |
Statements:
Statement of Chairman Gary Gensler
Statement of Commissioner Bart Chilton
Last Updated: March 4, 2013