CFTC Announces Agenda for Global Markets Advisory Committee (GMAC) Meeting 6/4 (Tuesday). GMAC to consider impact of the U.S. Basel III endgame bank capital proposals on end-users that rely on cleared derivatives markets & more.

About the Meeting:

CFTC Commissioner Caroline D. Pham, sponsor of the Global Markets Advisory Committee (GMAC), announced the agenda for the upcoming GMAC public meeting on Tuesday, June 4, from 10:00 a.m. to 1:00 p.m. EDT at the CFTC’s New York Regional Office.

At this meeting, the GMAC will consider recommendations regarding the impact of the U.S. Basel III endgame bank capital proposals on end-users that rely on cleared derivatives markets, and enhancements to variation margin processes in non-centrally cleared markets in connection with the Basel Committee on Banking Supervision (BCBS) and International Organization of Securities Commissions (IOSCO) Working Group on Margin Requirements report.

In addition, the GMAC meeting will feature presentations on trading mandates and their impact on global market structure and liquidity on swap execution facilities, and trading activity in global commodity markets. The CFTC’s Office of International Affairs will also present an update on the agency’s international engagement.

Meeting Details:

The meeting will be open to the public with seating on a first-come, first-served basis. The meeting will also be available via live webcast or listen-only audio feed via telephone.

Viewing/Listening Instructions:

• View a live webcast on CFTC.gov or through the CFTC’s YouTube channel.
• Use the numbers below to call in.
• Call-in participants should be prepared to provide their first name, last name, and affiliation, if applicable.
• Materials presented at the meeting will be made available on CFTC.gov.

Additional information is available in the Federal Register. 

TLDRS:

• The Global Markets Advisory Committee (GMAC) will meet Tuesday June 4th to discuss/consider:
  • The impact of U.S. Basel III endgame bank capital proposals on end-users relying on cleared derivatives markets.
  • Recommendations for enhancing variation margin processes in non-centrally cleared markets.
  • Presentations that cover trading mandates and their effects on global market structure and liquidity on swap execution facilities.
• Updates on trading activity in global commodity markets will also be provided.
• The CFTC’s Office of International Affairs will present an update on the agency’s international engagement.