April 9 MRAC

9:30 A.M. to

9:45 A.M.

Welcome and Opening Remarks (15 minutes)

• The Honorable Kristin N. Johnson, MRAC Sponsor and CFTC Commissioner
• CFTC Commissioners
• Alicia Crighton, MRAC Chair, Futures Industry Association, Chair of the Board of Directors
• Tamika Bent, Chief Counsel to Commissioner Johnson, MRAC Designated Federal Officer
• Peter Janowski, Trial Attorney, CFTC Division of Enforcement, MRAC Alternate Designated Federal Officer

9:45 A.M. to

10:35 A.M.

Section One: CCP Risk and Governance Subcommittee (50 minutes)

Recommendations on Derivatives Clearing Organizations Recovery and Resilience (35 minutes)

• Alessandro Cocco, Vice President in the Financial Markets Group at the Federal Reserve Bank of Chicago, on detail at the U.S. Department of the Treasury
• Elizabeth King, Global Head of Clearing and Chief Regulatory Officer, Intercontinental Exchange
• Paolo Saguato, Associate Professor of Law, Antonin Scalia Law School, George Mason University
• Cantrell Dumas, Director of Derivatives Policy, Better Markets

MRAC Member Discussion (10 minutes)

MRAC Member Vote (5 minutes)

10:35 A.M. to

11:10 A.M.

Section Two: Future of Finance Subcommittee (35 minutes)

Presentation of Subcommittee Work Plan on Artificial Intelligence in Financial Markets (20 minutes)

• Gary Kalbaugh, Deputy General Counsel and Director, ING Financial Holdings

MRAC Member Discussion (10 minutes)

MRAC Vote (5 minutes)

11:10 A.M. to

11:50 A.M.

Section Three: Market Structure Subcommittee (40 minutes)

Part One: FCM Concentration and Capacity Analysis (25 Minutes)

Presentation of Analysis on FCM Capacity and Concentration (10 minutes)

• Ashwini Panse, Head of Risk Oversight for ICE Clear Netherlands, and Chief Risk Officer for the North American Clearinghouses, Intercontinental Exchange

MRAC Member Discussion (10 minutes)

MRAC Member Vote (5 minutes)

Part Two: U.S. Treasury Cash-Futures Basis Trade Presentation (5 Minutes)

• Nathaniel Wuerffel, Head of Market Structure, Bank of New York Mellon

Part Three: Block Implementation Workstream Update (5 Minutes)

• Biswarup Chatterjee, Managing Director and Head of Innovation for the Global Markets Division, Citigroup

Part Four: Post-Trade Risk Reduction Workstream Update (5 Minutes)

• Guy Rowcliffe, Co-CEO and Chief Commercial Officer, OSTTRA

11:50 A.M. to

12:15 P.M.

Section Four: Climate-Related Market Risk Subcommittee Presentations (25 minutes)

• Dale Lewis, Chief Executive Officer, Community Markets for Conservation
• Holly Pearen, Lead Counsel, Environmental Defense Fund
• Jessica Garcia, Senior Policy Analyst for Climate Finance, Americans for Financial Reform Education Fund

MRAC Member Discussion (5 minutes)

12:15 P.M. to 12:30 P.M.

Closing Remarks and Adjournment (15 minutes)