The CFTC has unveiled the names of the members of its new market risk advisory committee.
The committee, chartered in 2014, is meant to supports efforts to “to detect and mitigate risks within the market to industry participants, consumers, and the broader financial community,” the CFTC says in a statement. “This year, the committee intends to study both long-standing and nascent risks to the market, as well as challenges posed by the evolving structure of the swaps and futures markets.”
The committee’s two-fold mandate is to “[c]onduct public meetings and submit reports and recommendations to the commission on matters of public concern to clearinghouses, exchanges, intermediaries, market makers, end-users and the commission regarding systemic issues that threaten the stability of the derivatives markets and other financial markets”; and to “[a]ssist the commission in identifying and understanding the impact and implications of an evolving market structure and movement of risk across clearinghouses, intermediaries, market makers and end-users.”
In the CFTC statement, Commissioner Sharon Y. Bowen, characterized as the committee’s sponsor, takes note of the committee’s “breadth and depth of talent,” and expresses confidence that “the Commission will benefit from the recommendations of this Committee.”
Among the committee’s 31 members are Gerald Beeson, chief operating officer and chief financial officer, Citadel; Luke Zubrod, director, risk and regulatory advisory services, Chatham Financial; Kristen Walters, global COO, risk and quantitative analysis group, BlackRock; Angela Patel, senior vice president, Putnam Investments; and Susan O’Flynn, managing director and global head of central counterparty clearinghouse (CCP) strategy, governance and optimization, Morgan Stanley.
To see the full list of committee members, go to http://1.usa.gov/1w2j0vv.
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