ARTICLE
6 December 2019

CFTC Creates CCP Risk And Market Structure Subcommittees

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The CFTC created two subcommittees under the Market Risk Advisory Committee ("MRAC"): the (i) Central Counterparty ("CCP") Risk and Governance Subcommittee and (ii) the Market Structure Subcommittee.
United States Finance and Banking

The CFTC created two subcommittees under the Market Risk Advisory Committee ("MRAC"): the (i) Central Counterparty ("CCP") Risk and Governance Subcommittee and (ii) the Market Structure Subcommittee.

According to the CFTC, the CCP Risk and Governance Subcommittee will report on and make recommendations directly to MRAC regarding current issues affecting clearinghouse risk management and governance.

Separately, the Market Structure Subcommittee will report on the derivatives markets, including pre- and post-trade transparency and reporting regimes, potential operational risks, and how liquidity and market concentration are affected by competition.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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