Jeffrey M. Bandman, Acting Director, Division of Clearing and Risk, U.S. Commodity Futures Trading Commission
Jeffrey Bandman is Acting Director, Division of Clearing and Risk, at the U.S. Commodity Futures Trading Commission. He previously served as Special Counsel to the Chairman, Office of the Chairman, U.S. Commodity Futures Trading Commission, and as Acting Director of the CFTC’s Office of International Affairs.
Prior to joining the Commission, he worked as an independent consultant in the OTC and listed derivatives industry and advised the Futures Industry Association on launching the SEF Tracker. Previously, he was Head of Partnerships and Alliances for LCH.Clearnet Ltd.’s SwapClear service. In this role he was responsible for SwapClear’s global relationships and partnerships with SEFs, DCMs, consultancies, technology system and service providers, trade repositories, custodians and other strategic partners in the OTC clearing ecosystem. He spearheaded the 2012 launch of CCP2, SwapClear’s innovative partnership program for OTC clearing consultancies. He served with colleagues and industry delegates on the SwapClear Design Authority for the US FCM business. He is the author of The New Clearing Landscape in the U.S., U.K. and Europe which appeared in the November/December 2010 issue of Journal of Taxation and Regulation of Financial Institutions. He is also the author of Swaps Transparency - New Data from SEF Trading, which was the cover story of the June 2014 Futures Industry magazine, and Cyber Risks in Exchanges and Clearinghouses: a Regulator’s Approach in the September 2015 Eurofi Financial Forum Magazine.
Prior to LCH.Clearnet, Bandman worked on a variety of new market structure initiatives in the derivatives industry in New York and London, including LiquidityHub and the Project Rainbow consortium. Before that he was responsible for rebuilding and managing Cantor Fitzgerald’s market data business after the events of September 11, and also managed eSpeed’s technology licensing business. Bandman started his career as a corporate associate at Cravath, Swaine & Moore in New York and then served as General Counsel for Prebon Yamane and Prebon Energy for the Americas. His undergraduate degree is a B.A. with honors in both History and English from Yale, and he also has a law degree from Stanford. He is admitted to the New York and New Jersey bars.