[Federal Register Volume 60, Number 52 (Friday, March 17, 1995)]
[Notices]
[Pages 14427-14428]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-6645]
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COMMODITY FUTURES TRADING COMMISSION
Financial Products Advisory Committee Meeting
This is to give notice, pursuant to section 10(a) of the Federal
Advisory Committee Act, 5 U.S.C. App. 2 section 10(a) and 41 CFR 101-
6.1015(b), that the Commodity Futures Trading Commission's Financial
Products Advisory Committee will conduct a public meeting in the Lower
Level Hearing Room (B-1) at the Commission's Washington, DC
headquarters located at 2033 K Street, NW., Washington, DC 20581, on
March 30, 1995, beginning at 1:30 p.m. and lasting until 5:00 p.m. FPAC
members will be meeting to discuss the international competitiveness of
the U.S. derivatives industry and the adequacy of the current
regulatory structure to meet the needs of U.S. futures exchanges and
derivatives market participants vis-a-vis their foreign competitors.
The FPAC will discuss how possible changes in the regulatory
framework could help or hinder U.S. competitiveness, including such
issues as whether greater regulatory consolidation would ease
regulatory burdens; whether increased regulatory oversight of OTC
derivatives markets in the U.S. will create a competitive disadvantage
for U.S. firms; and the relative strengths and weaknesses of product-
based versus institution-based regulation to meet the long term needs
of the U.S. derivatives industry. Representatives of key congressional
committees have been invited to make presentations and participate in
this discussion.
FPAC members will also discuss the strengths and weaknesses of
conducting business in the U.S. as compared to other jurisdictions from
the perspective of end-users, futures commission merchants, OTC
derivative dealers, and managed funds. FPAC will also hear from
exchange representatives regarding the competitive challenges created
by the growth of foreign futures exchanges. Finally, FPAC will discuss
prospects for the development of global standards for derivatives
oversight, in the wake of the collapse of Barings PLC.
The purpose of this meeting is to solicit the views of the
Committee on these agenda matters. The Advisory Committee was created
by the Commodity Futures Trading Commission for the purpose of advising
the Commission on the assessment of issues concerning individuals and
industries interested in or affected by [[Page 14428]] financial
markets regulated by the Commission. The purposes and objectives of the
Advisory Committee are more fully set forth in the April 23, 1993
Charter of the Advisory Committee.
The meeting is open to the public. The Chairman of the Advisory
Committee, CFTC Commissioner Sheila C. Bair, is empowered to conduct
the meeting in a fashion that will, in her judgment, facilitate the
orderly conduct of business. Any member of the public who wishes to
file a written statement with the Advisory Committee should mail a copy
of the statement to the attention of: the Commodity Futures Trading
Commission Financial Products Advisory Committee, c/o Kristyn H.
Burnett, 2033 K Street, NW., Washington, DC 20581, before the meeting.
Members of the public who wish to make oral statements should also
inform Ms. Burnett in writing at the foregoing address at least three
business days before the meeting. Reasonable provision will be made, if
time permits, for an oral presentation of no more than five minutes
each in duration.
Issued by the Commission in Washington, DC, on March 13, 1995.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 95-6645 Filed 3-16-95; 8:45 am]
BILLING CODE 6351-01-M
