OCC, the world's largest equity derivatives clearing organization, today congratulated Jay Clayton upon his confirmation by the U.S. Senate as Chairman of the U.S. Securities and Exchange Commission .
Craig Donohue, OCC Executive Chairman and CEO, said, "OCC congratulates Jay Clayton on his confirmation as SEC Chairman, and we look forward to working with him and the Commission on the key issues related to ensuring continued confidence by investors and market participants in the financial markets and the broader economy.
"Risk permeates every aspect of the global economy. Centrally-cleared, exchange-traded derivatives markets provide a secure marketplace for investors seeking to manage those risks. OCC is committed to ensuring that these markets remain robust, and that the regulation of these markets fosters their important benefits of transparency, fairness and resilience without creating competitive disadvantages."