Page 21 - 期貨和衍生品行業監管動態（2024年6月刊）

期貨和衍生品行業監管動態

算保證金流程標準化和自動化的優點；以及通過第三方服務幫助改進非集中清算

變動保證金流程的潛在好處。

全球市場咨詢委員會建議 CFTC 支持和促進行業實施巴塞爾銀行監管委員

會和國際證監會組織關于優化變動保證金實踐的建議。

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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