Bürgenstock 2007 in Montreux > Speakers

Andrea Corcoran

Ms. Corcoran, Managing Director at Promontory Financial Group, specializes in domestic and cross- bordercompliance, risk management and regulatory issues for financial and commodity instruments and markets. She is a leading expert on US and international regulatory policies and standards affecting market users, particularly of futures markets, including futures on energy and physical commodities. Ms. Corcoran also has extensive experience on the custom design and validation of cooperative cross-border operational and surveillance arrangements for clearing and trading.

Prior to joining Promontory, Ms. Corcoran served as first Director of the Office of International Affairs (OIA) at the Commodity Futures Trading Commission (CFTC). While at OIA, she chaired the committee of the International Organization of Securities Commissions (IOSCO) that developed an Assessment Methodology for benchmarking “principles” designed to improve international regulatory standards for securities markets; this methodology was adopted by the full IOSCO membership of more than 100 securities and futures regulators. Representing the CFTC, she also worked with the Committee of European Securities Regulators (CESR) to enhance international transparency of market access rules. Earlier, as Director of the CFTC Division of Trading and Markets, since reorganized into the divisions of Market Oversight and Clearing and Intermediary Oversight, she managed a comprehensive prudential and conduct of business oversight program, including oversight of exchanges, intermediaries and self- regulatory organizations. While leading this division, Ms. Corcoran implemented the CFTC’s regulatory and policy responses and inter-regulatory cooperative efforts related to the collapse of Barings Bank and the Sumitomo Copper manipulation. These efforts led to the Windsor Accord, the Tokyo Communiqué, and the Declaration of Cooperation and Supervision of International Futures Markets and Clearing Arrangements (the Boca Declaration).

In addition to her work at the Commission, Ms. Corcoran acted as a capital markets expert for the International Monetary Fund and the International Finance Corporation of the World Bank Group. She also contributed to work by the Inter-American Development Bank on regulation as an aspect of derivatives market development.

Ms. Corcoran serves as an adjunct professor at Georgetown University Law Center and as Chair of the securities advisory board of the Toronto International Leadership Centre for Financial Sector Supervision. She is also a Senior Fellow of The Samuel and Ronnie Heyman Center on Corporate Governance at the Benjamin N. Cardozo School of Law. Ms. Corcoran has written and lectured internationally on the regulatory framework, risk management practices, insolvency regimes and prudential protections critical to futures markets. She holds a B.A. with honors from Stanford University and an L.L.B. from Harvard Law School, where she received the Roscoe Pound Moot Court Award.

See also: 09:00 am ‘20 years after the crash of 87’