FacultyFaculty/Author Profile

Jeffrey M. Bandman

U.S. Commodity Futures Trading Commission
Acting Director
Washington, DC, USA

Jeffrey M. Bandman is Acting Director, Division of Clearing and Risk, U.S. Commodity Futures Trading Commission.  He also chairs a CFTC interdivisional staff working group on blockchain, distributed ledger technology and virtual currency issues.  He originally joined the Commission as Special Counsel to the Chairman, Office of the Chairman, in 2014.

Previously, he worked for many years in the derivatives industry.  He advised the Futures Industry Association on launching the SEF Tracker in 2014.   As Head of Partnerships and Alliances for LCH.Clearnet Ltd.’s SwapClear service, he was responsible for global arrangements with execution venues, technology providers, trade repositories, custodians, consultancies and others in the OTC clearing ecosystem.  He spearheaded the launch of SwapClear’s innovative CCP2 partnership program for OTC clearing consultancies and led development of the award-winning SMART margin simulator.  He served with colleagues and industry on the Design Authority for the SwapClear FCM service.

He is the author of CCP Recovery and Resolution: International and U.S. Developments in the April 2016 Eurofi Magazine and Cyber Risks in Exchanges and Clearinghouses – A Regulator’s Perspective in the September 2015 Eurofi magazine.  He is also the author of Swaps Transparency - New Data from SEF Trading, the cover story of June 2014 Futures Industry, and The New Clearing Landscape in the U.S., U.K. and Europe in the November 2010 issue of Journal of Taxation and Regulation of Financial Institutions.

Mr. Bandman earlier worked on a variety of new market structure initiatives in the derivatives industry in New York and London, including the LiquidityHub swaps trading platform and the Project Rainbow futures trading consortium.  Before that he rebuilt and managed Cantor Fitzgerald’s market data business after the events of September 11.  Mr. Bandman started his career as a corporate associate at Cravath, Swaine & Moore in New York and then served as Americas General Counsel for Prebon Yamane and Prebon Energy.  His undergraduate degree is a B.A. with honors in both History and English from Yale, and he has a law degree from Stanford.  He is admitted to the New York and New Jersey bars.


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