June 4 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 10:40 AM

GLOBAL MARKET STRUCTURE SUBCOMMITTEE RECOMMENDATION (25 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: The Impact of the US Bank Capital Proposals on End-Users that Rely on Cleared Derivatives Markets

Presentation (15 minutes)

• Jacqueline Mesa, Chief Operating Officer and Senior Vice President, Global Policy, FIA
• Thane Twiggs, Chief Compliance Officer, Cargill Risk Management, Cargill

GMAC Member open discussion (5 minutes)

GMAC Member vote (5 minutes)

10:40 AM to

11:10 AM

PANEL: Swap Execution Facilities (30 minutes)

Panelists:

• Thomas Pluta, President, Tradeweb
• Scott Fitzpatrick, CEO, Tradition SEF
• Adam Lister, Interest Rate Swaps Electronic Trading Product Manager, Bloomberg

11:10 AM to 11:35 PM

TECHNICAL ISSUES SUBCOMMITTEE RECOMMENDATION (25 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: Variation Margin Processes in Non-Centrally Cleared Markets

Presentation (15 minutes)

• Tara Kruse, Global Head of Infrastructure, Data and Non-Cleared Margin, ISDA

GMAC Member open discussion (5 minutes)

GMAC Member vote (5 minutes)

11:35 PM to 11:50 PM

BREAK (15 minutes)

11:50 PM to

12:20 PM

PRESENTATION: Global Commodity Markets (30 minutes)

Speaker:

• Derek Sammann, Senior Managing Director, Global Head of Commodities, Options & International Markets, CME Group

12:20 PM to 12:30 PM

PRESENTATION: CFTC Office of International Affairs (10 minutes)

Speaker:

• Andrea Musalem, Associate Director, Office of International Affairs

12:30 PM to 12:40 PM

UPDATES FROM SUBCOMMITTEES ON FUTURE AGENDA ITEMS (10 minutes)

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

12:40 PM to 12:50 PM

CLOSING PROCEDURES (10 minutes)