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OCC Congratulates Powell on Confirmation as Fed Chair

January 24, 2018
Chicago -

OCC, the world's largest equity derivatives clearing organization, today congratulated Jerome Powell upon his confirmation by the U.S. Senate to be Chairman of the Federal Reserve.

"OCC congratulates Jerome Powell on his confirmation as Fed Chair, and we look forward to working with him and the members and staff of the Federal Reserve on the key issues related to strengthening the level of confidence by investors and market participants in the U.S. financial markets,” said Craig Donohue, OCC Executive Chairman and CEO.

"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. In its role as a Systemically Important Financial Market Utility, 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."

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 (investorservices@theocc.com).