CFTC - U.S. Commodity Futures Trading Commission
08/26/2024 | Press release | Distributed by Public on 08/26/2024 13:15
Statement of Commissioner Caroline D. Pham on Swap Data Reporting Settlement Order
Statement of Commissioner Caroline D. Pham on Swap Data Reporting Settlement Order
August 26, 2024
Washington, DC- Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham today released the following statement on the CFTC's recent settlement order regarding The Bank of New York Mellon:
"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
-CFTC-