March 6 GMAC

10:00 AM to 10:15 AM

WELCOME AND OPENING REMARKS (15 minutes)

• The Honorable Caroline D. Pham, Commissioner, CFTC (GMAC Sponsor)
• CFTC Commissioners
• Amy Hong, Head of Market Structure & Strategic Partnerships, Global Banking & Markets, Goldman Sachs (GMAC Chair)
• Darcy Bradbury, Managing Director and Head of Public Policy, D.E. Shaw & Co. (GMAC Vice Chair)

10:15 AM to 11:00 AM

KEYNOTE ADDRESS: Financial Stability Board (FSB) Work Program for 2024 and Priorities (45 minutes)

• John Schindler, Secretary General, Financial Stability Board (30 minutes)
• Q&A with GMAC Members (15 minutes)

11:00 AM to

11:45 AM

GLOBAL MARKET STRUCTURE SUBCOMMITTEE RECOMMENDATION AND UPDATE (45 minutes)

• Michael Winnike, Director, Head of US Market Structure, Global Trading Group, BlackRock (Co-Chair)
• Brad Tully, Global Co-Head, Corporate Derivatives & Private Side Marketing, J.P. Morgan (Co-Chair)

Recommendation: U.S. Treasury ETFs as Eligible Initial Margin under Uncleared Margin Rules

Presentation (20 minutes)

• Michael Winnike, Director, Head of US Market Structure, Global Trading Group, BlackRock

GMAC Member open discussion (10 minutes)

GMAC Member vote (5 minutes)

Update: Swap Block and Cap Sizes Recommendation

Presentation (10 minutes)

• Wendy Yun, Managing Director, Goldman Sachs Asset Management on behalf of SIFMA AMG

11:45 PM to 11:55 PM

BREAK (10 minutes)

11:55 AM to 12:25 PM

TECHNICAL ISSUES SUBCOMMITTEE RECOMMENDATION (30 minutes)

• Allison Lurton, General Counsel and Chief Legal Officer, FIA (Co-Chair)
• Tara Kruse, Global Head of Infrastructure, Data, and Non-Cleared Margin, ISDA (Co-Chair)

Recommendation: Publication of Transition to T+1 Securities Settlement Resources

Presentation (20 minutes)

• Charles DeSimone, Managing Director, SIFMA

GMAC Member open discussion (5 minutes)

GMAC Member vote (5 minutes)

12:25 PM to 1:20 PM

LUNCH BREAK (55 minutes)

1:20 PM to

1:55 PM

PANEL: Basel III Endgame Proposal—Perspectives from Derivatives Market Participants (35 minutes)

Panelists:

• Reggie Griffith, Global Chief Compliance Officer, Louis Dreyfus Co.    
• Dan Gallagher, Director, Commodity Sales and Trading, Basin Electric Power Cooperative on behalf of the National Association of Rural Electric Cooperatives
• Elisabeth Kirby, Head of Market Structure, Tradeweb 
• Joseph Hwang, Managing Director, Goldman Sachs on behalf of FIA and ISDA

1:55 PM to 2:40 PM

DIGITAL ASSET MARKETS SUBCOMMITTEE RECOMMENDATION (45 minutes)

• Caroline Butler, Global Head of Digital Assets, BNY Mellon (Co-Chair)
• Sandy Kaul, Senior Vice President, Head of Digital and Industry Advisory Services, Franklin Templeton (Co-Chair) 

 Recommendation: Publication of Digital Asset Taxonomy

Presentation (30 minutes)

• Caroline Butler, Global Head of Digital Assets, BNY Mellon
• Sandy Kaul, Senior Vice President, Head of Digital and Industry Advisory Services, Franklin Templeton
• Adam Farkas, Chief Executive Officer, GFMA and Chief Executive Officer, AFME
• Diana Barrero Zalles, Head of Research and Sustainability, Global Blockchain Business Council
• Ninand Nirgudka, Consultant, Boston Consulting Group

GMAC Member open discussion (10 minutes)

GMAC Member vote (5 minutes)

2:40 PM to 2:55 PM

UPDATES FROM SUBCOMMITTEES ON FUTURE AGENDA ITEMS (15 minutes)

• Global Market Structure Subcommittee
• Technical Issues Subcommittee
• Digital Asset Markets Subcommittee

2:55 PM to 3:00 PM

CLOSING PROCEDURES (5 minutes)