In September, the Foreign Exchange Professionals Association (FXPA) announced that Chip Lowry – a senior managing director at State Street and former chair of the association – had been selected as a member of the Market Risk Advisory Committee of the Commodity Futures Trading Commission (CFTC) in the US.
The committee advises the CFTC on matters relating to the evolution of market structures and movement of risk across clearing houses, exchanges, intermediaries, market makers and end-users, examining systemic issues that threaten the stability of the derivatives markets and other financial markets and making recommendations on how to improve market structure and mitigate risk.
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