WASHINGTON, D.C. — CFTC Commissioner Kristin N. Johnson, sponsor of the Market Risk Advisory Committee, today released the agenda for its public meeting on Tuesday, Dec. 10, from 9:30 a.m. to 12:30 p.m. (ET) at the CFTC’s Washington, D.C. headquarters.

“This meeting invites MRAC members and the broader financial services community to consider several critical issues at the center of market integrity and market infrastructure—artificial intelligence and cyber resilience; cyber threats to market infrastructure; the role of critical third-party service providers; treasury markets; and financial stability concerns arising from climate-related market risks,” Commissioner Johnson noted.

At the meeting, following a general discussion on the current state of Treasury markets, the MRAC Market Structure Subcommittee will introduce effective risk management practices the Commission should consider for adoption related to the Treasury cash-futures basis trade. The Central Counterparty (CCP) Risk & Governance Subcommittee will introduce recommendations on the importance of CCP cyber resilience and share recommendations that address the need for a more robust regulatory framework as relates to CCPs’ relationship with critical third parties as well as the use of Legal Entity Identifiers, or equivalent identifiers.

“This final MRAC meeting of the year reflects the Committee’s exceptional work to develop effective policy solutions designed to address many critical risk management questions facing derivatives markets,” said Commissioner Johnson.

In addition, the MRAC Climate-Related Market Risk and Future of Finance Subcommittees will also discuss current topics and developments in the areas of climate-related risk and innovative and emerging technologies affecting the derivatives and related financial markets, respectively.

“MRAC serves as an invaluable resource to the CFTC, and we look forward to continuing to provide a forum to identify and evaluate pressing issues facing futures and derivatives markets, and to offer insights and recommendations to enhance the integrity of these markets,” Commissioner Johnson continued. 

A formal agenda for this meeting is available here.

Viewing/Listening Instructions: Members of the public may access a live feed by phone. 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 available on CFTC.gov.

Members of the public may also view a live webcast of the meeting at CFTC.gov.

Members of the public may submit public comments in connection with the meeting, identified by “Market Risk Advisory Committee,” by Dec. 17, 2024. Follow the instructions for submitting public comments through the Comments Online process. If you are unable to submit comments online, contact Danielle Abada ([email protected]) to discuss alternate means of submitting your comments. Statements submitted in connection with the committee meeting will be made available to the public, including publication on CFTC.gov. 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.

The MRAC advises the Commission on matters relating to evolving market structures and movement of risk across clearinghouses, exchanges, intermediaries, market makers and end-users. It examines systemic issues that threaten the stability of the derivatives markets and other financial markets, and makes recommendations on how to improve market structure and mitigate risk.

There are five active advisory committees the CFTC oversees. 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.