The Root Causes of Controls’ Failures and Remediation

In the 2021 series of CFTC cases, a theme of controls’ failures has been highlighted by regulators as a significant cause of the regulatory violations. This panel will focus on the necessity of designing and maintaining effective controls for derivatives activities in order to manage regulatory obligations, expectations and compliance accountabilities. Discussion will highlight the root causes of controls’ failures and provide guidance on development of effective controls and maintenance.

Moderator:

• Michelle Broom, Senior Managing Consultant, Commodity Execution

Speakers:

• Joseph Cerullo, Managing Director/Chief Compliance Officer, JP Morgan
• Pamela Geraghty, Associate Director, Market Participants Division, CFTC
• Matthew Kulkin, Partner, Steptoe & Johnson
• Janet McCormick, Managing Director, FCM Chief Compliance Officer, Mizuho Securities USA
• Jamila Piracci, Senior Director, Patomak Global Partners

The discussion begins at 4:00pm ET on April 28; learn more here.