An overview of the evolution of OTC Central Clearing, regulatory initiatives and the implications for the risk landscape
This course is intended to provide an appreciation of central counterparty clearing particularly in relation to the clearing of OTC derivatives. Particular focus will be given to regulatory initiatives to develop the use of CCPs for OTC derivatives clearing following the financial crisis of 2007/8, the risk mitigation mechanisms developed by CCPs in response to the regulatory challenge, in particular: the margin requirements; auction processes; loss allocation methods and of course capital requirements.
The course will also look at the evolution of central clearing and the impact on risk that CCPs may have in future crises, both positive and negative, particularly in relation to counterparty credit risk, XVAs and systemic risk.
The course is intended particularly for risk managers, traders, regulators and anyone involved with clearing systems.
Key Benefits Include:
- Strictly limited numbers on a first come, first accepted basis
- Practical exercises to support the sessions
- Receive an electronic copy of the trainer’s presentation prior to the course
How to manage exposure to CCPs is amongst the biggest unknowns in today’s financial system.