CFTC Announces Agenda for Market Risk Advisory Committee Meeting
Commodity Futures Trading Commission Commissioner Rostin Behnam announced the agenda for the Market Risk Advisory Committee (MRAC) meeting to be held by teleconference on September 9 beginning at 3:00 pm (ET). The MRAC will receive a status report from the Interest Rate Benchmark Reform Subcommittee and vote on its recommendation regarding plain-English disclosure materials. In addition, the MRAC will also consider:
- Clearinghouse proposals for transitioning price alignment interest and discounting for USD OTC cleared swaps to the Secured Overnight Financing Rate
- Clearing treatment for physically settled swaptions that may not be discounted using the Secured Overnight Financing Rate.
More information, including public listening information, is available here.