CFTC Commissioner Kristin N. Johnson has disclosed that the Market Risk Advisory Committee (MRAC) will convene for a public meeting on April 9. Johnson expressed the committee's dedication to addressing critical issues within the markets, stating, "At each meeting over the last two years, the MRAC has advanced a series of recommendations and reports on several of the most critical issues facing our markets."
The upcoming meeting aims to provide valuable insights and recommendations to reinforce the stability of the U.S. financial system. Topics on the agenda include managing the resilience of central counterparties, implications of concentration risk in intermediation, U.S. treasury cash-futures basis trade, integrating artificial intelligence in markets, managing climate-related market risks, and updates on various workstreams concerning market regulations.
Members of the public can access a live feed of the meeting and are encouraged to submit public comments by April 16, 2024. Statements submitted will be made available to the public, including publication on CFTC.gov.
The MRAC plays a crucial role in advising the Commission on evolving market structures and risk movement across various entities in the financial sector. It focuses on systemic issues that could jeopardize the stability of derivatives markets and other financial sectors, offering recommendations to enhance market structure and mitigate risks.
The CFTC oversees five active Advisory Committees, including the MRAC, to provide guidance on regulatory and market issues affecting U.S. market integrity and competitiveness. These committees serve as a platform for communication between the Commission, market participants, regulators, and academics, offering diverse perspectives and recommendations to address market challenges.
