October 26, 2020

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October 26, 2020

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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.

©2020 Katten Muchin Rosenman LLPNational Law Review, Volume IX, Number 249
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About this Author

James M. Brady, Katten Muchin Law Firm, Finance Attorney
Associate

James Brady concentrates his practice in financial services matters.

While in law school, James was an editor of the Michigan Journal of International Law. He also served as a judicial intern to the Honorable Stephen J. Markman of the Michigan Supreme Court. http://www.kattenlaw.com/James-Brady

312-902-5362
Kevin M. Foley, Finance Lawyer, Katten Llaw Firm
Partner

Kevin M. Foley has extensive experience in commodities law and advises a wide range of clients, both in the United States and abroad, on compliance with the Commodity Exchange Act and the rules of the Commodity Futures Trading Commission (CFTC) affecting traditional exchange-traded products, as well as the over-the-counter markets involving swaps and other derivative instruments. His clients include futures commission merchants, derivatives clearing organizations, designated contract markets, foreign boards of trade and an industry trade association.

Kevin has served as counsel to the Futures Industry Association (FIA) for more than 20 years. In 2012 he was recognized for his exemplary efforts on behalf of the association and the industry, in particular for his guidance in navigating the challenges confronting FIA member firms in complying with the Dodd-Frank Wall Street Reform and Consumer Protection Act.

312-902-5372
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