Page 21 - 期货和衍生品行业监管动态（2024年6月刊）

期货和衍生品行业监管动态

算保证金流程标准化和自动化的优点；以及通过第三方服务帮助改进非集中清算

变动保证金流程的潜在好处。

全球市场咨询委员会建议 CFTC 支持和促进行业实施巴塞尔银行监管委员

会和国际证监会组织关于优化变动保证金实践的建议。

CFTC’s Global Markets Advisory Committee Advances Recommendations on

Basel III Endgame and Variation Margin Processes (2024/6/4)

Commissioner Pham Highlights Influence & Value of GMAC Accomplishments

The Commodity Futures Trading Commission’s Global Markets Advisory

Committee (GMAC), sponsored by CFTC Commissioner Caroline D. Pham,

advanced two recommendations to examine the impacts of proposed U.S. bank capital

requirements and to improve collateral and liquidity management for non-centrally

cleared derivatives.

“The GMAC continues to make great progress developing thoughtful

recommendations and insightful work product to aid the CFTC, other policymakers,

and participants in global markets,” Commissioner Pham said. “In less than a year, the

GMAC has now adopted 13 recommendations on a broad array of issues to promote

and bolster market integrity and resiliency. These recommendations continue to have
a tangible impact, not only on rulemakings here at the CFTC, but also among our

counterparts and international standard setters. As the GMAC’s sponsor, I’m honored

to help provide a public venue for some of the preeminent industry experts to discuss

and develop potential solutions to addressing the biggest challenges in global

markets.”

The GMAC approved two recommendations without objection at its meeting on

June 4 in New York. The GMAC also received 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

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