€1,788.37

Central Counterparty Clearing

Event Information

Share this event

Date and Time

Location

Location

NH Hotel

Mozartova 1

Prague

Czechia

View Map

Event description

Description

Objective is for participants to gain an appreciation and understanding of the following topics:

  • The background and evolution of central counterparty clearing
  • CCP margin frameworks
  • The default management process
  • The loss allocation waterfall
  • Key issues including: direct clearing, indirect client clearing, portability, segregation
  • Counterparty risk mitigation tools and their limitations
  • Systemic risk and extreme tail risk
  • Can a CCP fail? Some historical examples
  • Stress Testing a CCP and a recovery and resolution plan
  • The risk transformations CCPs generate
  • The implication of CCP clearing for XVA

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 the evolution 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 look at risk transformation processes and the impact on risk that CCPs may have in future crises, both positive and negative, particularly in relation to counterparty credit risk and systemic risk.

The course is intended particularly for risk managers, traders, regulators and anyone involved with clearing systems.


Who should attend?

Analysts, Vice Presidents, Directors, Senior Managers in:

  • Risk Analytics
  • Credit Risk Management
  • Capital Management
  • Regulatory Compliance
  • Governance
  • Audit
  • Regulators
  • Traders


More Information >>>

Share with friends

Date and Time

Location

NH Hotel

Mozartova 1

Prague

Czechia

View Map

Save This Event

Event Saved