CFTC Commissioner Dawn D. Stump named Wendy Yun as Chair of the newly-launched Margin Requirements for Non-Cleared Swaps Subcommittee of the Global Markets Advisory Committee ("GMAC"). Ms. Yun is currently the co-chair of SIFMA's Asset Management Group.
As previously covered, Ms. Stump stated that the new GMAC subcommittee will consider challenges concerning the implementation of margin requirements and recommend actions that the Commission should take to mitigate those challenges.
In addition, Ms. Stump identified other members selected for the 14-person GMAC subcommittee. She stated that the members have a "high-level" of expertise in margin requirements for non-cleared swaps and how the requirements affect the market.