08/26/2024 | Press release | Distributed by Public on 08/26/2024 13:15
August 26, 2024
"I am pleased that the CFTC has provided recognition of self-reporting and cooperation credit in this settlement order with The Bank of New York Mellon. I hope the CFTC will adopt a clear standard that is applied consistently as I have previously recommended.[1]Implementing my proposals to improve the CFTC's internal governance and procedures will promote government accountability and provide further transparency and regulatory clarity."
[1]Statement of Commissioner Caroline D. Pham on Self-Reporting and Cooperation Credit in Enforcement Actions (Aug. 19, 2024), https://www.cftc.gov/PressRoom/SpeechesTestimony/phamstatement081924
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