CFTC Office of International Affairs

The Office of International Affairs (OIA) is a division of the U.S. Commodity Futures Trading Commission (CFTC) responsible for coordinating the CFTC's international efforts and representing the agency in global regulatory matters.

Functions

The OIA performs several key functions:

1. Advises the Commission on international regulatory initiatives and policies.
2. Represents the CFTC in international forums such as the International Organization of Securities Commissions (IOSCO), OTC Derivatives Working Group, and OTC Derivatives Regulators Group.
3. Coordinates Commission policy related to initiatives of major foreign jurisdictions, the G20, Financial Stability Board, and U.S. Treasury Department.
4. Negotiates cooperative arrangements with foreign regulatory authorities.
5. Provides technical assistance to foreign market authorities, including advice, training, and organizing an annual meeting and symposium.

International Engagement

The OIA plays a crucial role in the CFTC's efforts to promote global regulatory harmony and mitigate the fragmentation of the derivatives marketplace. It works to ensure that international initiatives align with CFTC rules and policies while facilitating cross-border cooperation and information sharing.

Budget and Resources

For the fiscal year 2025, the OIA has requested a budget of $8,546,859 and 19 full-time equivalents (FTEs). This represents an increase from the FY 2023 enacted budget of $6,332,648 and 16 FTEs, reflecting the growing importance of international coordination in derivatives regulation.