February 18, 2015 -- Today, the Commissioner of the Commodity Futures Trading Commission (CFTC) Sharon Y. Bowen announced the
members of the new Market Risk Advisory Committee (MRAC). The Commissioner had these remarks to add to the membership announcement:
Now the MRAC must begin work on determining and analyzing the risks
to our markets and consumers, in order to provide consultation on how
best to address them. I am confident that the Commission will benefit
from the recommendations of this Committee.
The list is full of financial heavy hitters in the risk community and includes C-level representatives from academia as well as Goldman Sachs, Morgan Stanley, JP Morgan, the Federal Reserve Bank of New York, BlackRock, Cargill, and the Committee of Chief Risk Officers, to name a few. In total, as of today, there are 31 people on the Committee.
First chartered in 2014 the goal of the committee is to "detect and mitigate risks within
the market to industry participants, consumers, and the broader
financial community." For the current year the Committee plans on studying long-standing and nascent risks to the markets, in particular the swaps and futures market.
You can stay informed of upcoming reports and public meetings of MRAC by visiting TheGAFI.com.
For the original press release click
here. For a link to the list of members click
here.
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