Transcript

Washington, D.C. — The Market Risk Advisory Committee (MRAC) will hold a public meeting on Wednesday, March 8 from 9:30 a.m. to 12:30 p.m. (EST) at the CFTC’s Washington, D.C. headquarters. Members of the public will also have the option of attending virtually. Commissioner Kristin N. Johnson is the sponsor of the MRAC.

“We enthusiastically welcome MRAC members back to the Commission for our first meeting of 2023. We anticipate thoughtful discussions exploring, among other issues, market participants’ efforts to navigate remarkable macroeconomic conditions including sustained periods of volatility, emerging and evolving risks including cyber-risks that impact execution, clearing, settlement and broader operational infrastructure in markets, recent events and developments in regulating digital asset markets, and the impact of climate-driven risks in financial markets,” said Commissioner Johnson.

“For several years, MRAC members have recommended effective policy solutions designed to address many of the most critical risk management questions facing futures and derivatives markets. We look forward to both continuing working group discussions already examining policy solutions and identifying new priorities. We welcome the suggestions, comments, and insights of the MRAC members and the broader community as we prepare for this meeting and the important discussions that it will engender,” Commissioner Johnson continued.

At the meeting, the MRAC will address current topics and developments in the areas of central counterparty risk and governance, interest rate benchmark reform, climate-related risk, market structure, and emerging technology-oriented risks affecting the derivatives and related financial markets.

A formal agenda for this meeting is here:.

Viewing/Listening Instructions: The meeting will be open to the public. Seating for the public may be limited due to the CDC's COVID-19 Community Level, which may require facilitating physical distancing to avoid overcrowding and additional restrictions. Members of the public may also access a live feed via streaming or phone. The live feed will be streamed on cftc.gov. Call-in participants should be prepared to provide their first name, last name, and affiliation, if applicable. People requiring special accommodations to attend the meeting because of a disability should contact Bruce Fekrat ([email protected]) or Marilee Dahlman ([email protected]). Materials presented at the meeting, if any, will be made available on cftc.gov.

Members of the public may submit comments in connection with the meeting, identified by “Market Risk Advisory Committee,” by March 15, 2023. Follow the instructions for submitting public comments through the Comments Online process. If you are unable to submit comments online, contact Bruce Fekrat ([email protected]) or Marilee Dahlman ([email protected]) to discuss alternate means to submit 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.

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.