Complimentary Webinar: October 14th 2014 10am EST 3pm GMT 4pm CET
In a complimentary webinar, a panel of industry participants will assess the proposed margin requirements for non-cleared derivatives under the BCBS/IOSCO framework and the impact on both internal management practices and technology
With CCP clearing of some derivatives underway in the US and soon to be in Europe, financial institutions are turning their attention to non-cleared derivatives and the new regulatory requirements that will impact these assets. Specifically, the margin requirements recommended by the BCBS/IOSCO in its proposed framework sets the scene for the various requirements firms must adhere to when managing the collateral management processes for non-cleared derivatives. Firms are slowly coming to grips with the operational changes these requirements will introduce, however, there are still areas of ambiguity in the proposals, which may muddy plans to change collateral management processes to meet these standards ahead of the 2015 deadline.
In an interactive webinar, a panel of experts will first review the requirements for non-cleared derivatives under the proposed BCBS/IOSCO proposals, the timelines, and ambiguous areas within the framework before engaging in a discussion as to how firms are altering their collateral management processes and related procedures accordingly. Attendees will gain better insight into the proposals, where market stands on various requirements and proposed market standards, such as SIMM, while also hearing how other firms are improving their margin and liquidity management processes.
The panel will discuss some of the following questions:
• Who is impacted?
• What are the areas of ambiguity within the BCBS/IOSCO framework?
• What are the main margin requirements firms can comply with now? (i.e. daily variation margin?)
• What is the short-term impact of these requirements on collateral management processes including volumes, variation margin, initial margin, rehypothecation and segregation etc
• What changes do firms need to make to systems and organisation to be compliant?
• Why is there more involvement of front office as a result of these requirements?
• What is the debate around the proposed schedules vs. use of internal margin models?
• What is the status on the proposed Standardized Initial Margin Model (SIMM)?
Speakers:
Ted Allen, Vice President – Capital Markets Collateral, SunGard
Jonathan Willder, Director – Market Initiatives, Clearing & Collateral Operations, Deutsche Bank AG
Ewen Crawford, Head of Operations Regulatory Governance, Nomura
Karsten Meyer, Partner, D- Fine
Moderator: Julia Schieffer, Founder & Editor, DerivSource.com
To register: https://goto.webcasts.com/starthere.jsp?ei=1043148
