Transcript

Washington, D.C. — The Market Risk Advisory Committee (MRAC) will hold an in-person public meeting on Wednesday, September 28 from 9:30 a.m. to 12:30 p.m. (EDT) at the Commodity Futures Trading Commission’s Washington, D.C. headquarters.

Commissioner Kristin N. Johnson is the sponsor of the MRAC.

At the meeting, the MRAC will address refining the MRAC’s agenda and topics of discussion on a forward-looking basis; developments in the digital asset markets and the unique risks of such markets; investor and customer protection in markets with increasing retail participation; and the importance of climate-related market risk and market structure developments. The MRAC will also address procedural matters, including possible votes on establishing new or re-establishing currently inactive subcommittees and a discussion of issues that should be addressed by MRAC’s subcommittees.

Commissioner Johnson stated:

“Derivatives markets allow market participants to manage their risks and determine fair market prices for underlying assets, including energy, agriculture, metals, and financial instruments that are integrated in every aspect of our lives. As the sponsor of MRAC, I am deeply committed to ensuring that the CFTC remains focused on systemic risks, especially risks that threaten the stability of the derivatives and broader financial markets. We must seek to continuously improve market integrity and mitigate risk.

“I am also committed to promoting thought leadership on the critical issues emerging in a financial landscape that is facing a number of transformative changes. The MRAC will serve as a critical forum to explore the incredible benefits and challenges of, for example, financial innovations such as digital assets and the implications of these innovative technologies on market governance, structure, risk management, investor demographics and customer protections.

“We must maintain high standards of enforcement, educational outreach and customer protection in order to ensure the continuing preeminence of U.S. derivatives and commodities markets and the CFTC’s role as a global leader in the development of regulation and policy. The CFTC must continue to have a seat at the table, particularly as we collaborate to create a whole government approach across federal and state regulators and cooperate with our international counterparts to establish global policy and uniform regulation thresholds for digital assets and other innovative financial products.”

A formal agenda for this meeting is forthcoming.

Viewing/Listening Instructions: To access the live meeting feed, use the dial-in numbers below or stream on cftc.gov. A live feed can also be streamed through the CFTC’s YouTube channel. Call-in participants should be prepared to provide their first name, last name, and affiliation, if applicable. Materials presented at the meeting, if any, will be made on cftc.gov.

Members of the public may submit public comments in connection with the meeting, identified by “Market Risk Advisory Committee” by October 5, 2022. Follow the instructions for submitting comments through the CFTC Comments Online process. Statements submitted in connection with the committee meeting will be made available to the public, including publication on cftc.gov. If you are unable to submit comments online, contact Bruce Fekrat ([email protected]) or Marilee Dahlman ([email protected]), to discuss alternate means of submitting your comments.

The meeting agenda may change to accommodate other MRAC priorities. For agenda updates and more information about this advisory committee, including its members, visit MRAC.

Seating for the public may be limited due to the Centers for Disease Control’s COVID-19 Community Level, which may require facilitating physical distancing to avoid overcrowding and additional restrictions. People requiring special accommodations to attend the meeting because of a disability should notify Marilee Dahlman ([email protected]) or Bruce Fekrat ([email protected]).

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.