Outgoing CFTC Commissioner Sharon Bowen Reflects On Tenure

In a farewell address, CFTC Commissioner Sharon Y. Bowen reflected on agency accomplishments during her tenure and highlighted "unfinished business."

Ms. Bowen highlighted the following:

• Clearing. Ms. Bowen cited the expansion of clearing as an example of CFTC efforts to enhance transparency and improve the safety and soundness of the regulatory system. She pointed out that the CFTC expansion of mandatory clearing for additional types of interest rate swaps was coordinated with mandatory clearing determinations in other jurisdictions. She noted the work of the CFTC Market Risk Advisory Committee in addressing various aspects of CCP risk management, and referenced their work as inspiring the CFTC to take a closer look at CCP coordination.