Eric Pan is leaving his role as director of the Commodity Futures Trading Commission’s (CFTC) Office of International Affairs (OIA in August.
Since 2015, Pan has led the office that advises the Commission on all international regulatory initiatives, provides guidance regarding international issues raised in CFTC matters, represents the agency in international groups such as the Financial Stability Board (FSB), standard setting bodies such as the International Organization of Securities Commissions (IOSCO) and bilateral fora, and provides technical assistance to non-US authorities.
He has carried out a senior policy role in the agency, advising the chairman on regulatory priorities and regularly engaging non-US counterparts in policy and technical discussions. During Pan’s tenure, CFTC participated in more international workstreams than ever in its history; signed major cooperative arrangements with authorities around the world; and chaired international workstreams on market fragmentation, efficient resiliency of OTC derivatives reforms, benchmarks, commodity principles, cybersecurity, regulation of financial market infrastructures, data and reporting standards, and implementation monitoring and assessment.
In a statement accompanying the news, CFTC chair Christopher Giancarlo says, “The derivatives markets are global markets, which makes it essential that the CFTC recognize the cross-border implications of its policies and successfully advance cross-border cooperation with foreign regulators. Eric has been absolutely critical to this effort and achieved great success, working tirelessly to build enduring relationships with our counterparts around the world and to guide CFTC international policy. Eric has done it all. He has been in the middle of many of the pivotal international regulatory debates of the past eight years. I give Eric enormous credit for helping the CFTC achieve its mission to be as effective as possible in regulating these global markets.”