ALIGN INTERNATIONAL > PROFILE> ANDREA CORCORAN, FOUNDER & PRINCIPAL

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 Task Force of the International Organization of Securities Commissions (IOSCO) that developed an Assessment Methodology (AM) for benchmarking “principles” designed to improve international regulatory standards for securities markets. The AM was adopted by the full IOSCO membership of more than 100 securities regulators in 2003 and is the process of being updated and revised today. Representing the CFTC, she designed a dialogue 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 (CTAs and CPOs) and self-regulatory organizations. While leading this division, Ms. Corcoran recommended the CFTC’s 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 (known as “the Boca Declaration”).

While at the Commission, and subsequently, 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 BA with honors from Stanford University and an LLB from Harvard Law School, where she received the Roscoe Pound Moot Court Award.

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