National Futures Association (NFA) has hired Jamila Piracci as Vice President of OTC Derivatives, a new position created to oversee the regulation of swap dealers (SDs) and major swap participants (MSPs). Piracci comes to NFA from the Federal Reserve Bank of New York.

"We are very excited to have Jamilla join NFA," says NFA President Dan Roth (pictured). "With her extensive background in swaps and depth of experience she is the perfect candidate to lead NFA's efforts in this area."

The Commodity Futures Trading Commission's (CFTC) proposed rules delegate NFA the responsibility of processing applications for registrations as SDs and MSPs. After registration and membership is granted, NFA will need to conduct examinations and monitor these new Members for compliance with the full range of CFTC regulations.

Piracci has also worked at Mayer Brown LLP as an associate and the International Swaps Derivatives Association, Inc. (ISDA) where she served as Assistant General Counsel. She graduated from Harvard-Radcliffe College at Harvard University. Piracci received her MBA from Johnson Graduate School of Management at Cornell University and Doctor of Law from Cornell Law School also at Cornell University.