Washington, D.C. — CFTC Commissioner Caroline D. Pham, sponsor of the Global Markets Advisory Committee (GMAC), announced the agenda for the upcoming GMAC public meeting on Monday, November 6, from 9:00 a.m. (EST) to 12:00 p.m. (EST) at the CFTC’s Washington, D.C. headquarters.

“I am so pleased that the GMAC will consider eight recommendations from the GMAC Subcommittees next week,” said Commissioner Pham. “As I said last year when I relaunched the GMAC, it is critical to find practical solutions to the most significant current and emerging issues in global markets. I am excited by the swift progress of the GMAC Subcommittees and look forward to each recommendation.”

At this meeting, the GMAC will receive four recommendations from its Global Market Structure Subcommittee, including swap blocks, cross-margining in Treasury markets, permitted repo counterparties, and market volatility controls. The GMAC will also receive four recommendations from its Technical Issues Subcommittee, including global CCP default simulation, eligible collateral, and trade reporting. The GMAC’s Digital Asset Markets Subcommittee will also provide an update on its work.

The GMAC meeting will also include a discussion regarding the Basel III endgame proposal and its impact on derivatives markets, and a presentation on derivatives exposures, regulatory transparency, and trade repositories.

Further information, including speakers, is available on the detailed agenda here.

Previously, Commissioner Pham announced the new members and leadership of the GMAC and its Subcommittees, with 128 members in total constituting the largest-ever single advisory committee initiative overseen by the CFTC. [See Press Release No. 8740-23] Earlier this year, Commissioner Pham also announced the 2023-2025 proposed work program for the GMAC, and requested public input. [See CFTC Press Release No. 8703-23]

Members of the public may watch a live webcast or listen via conference call using a domestic toll-free telephone or international toll or toll-free number to connect to a live, listen-only audio feed. People requiring special accommodations to attend the meeting because of a disability should notify Brigitte Weyls, GMAC Designated Federal Officer, Commodity Futures Trading Commission, 77 West Jackson Blvd., Suite 800, Chicago, IL 60604; (312) 596-0700; GMAC [email protected].

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.

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. Members include financial market infrastructures, market participants, end-users, service providers, and regulators.

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.