I moderated a Webinar on counterparty risk and collateral management just two years ago and since then not much has changed. In fact, these two operational areas are more in the spotlight now as the credit crisis (the default of Lehman Brothers specifically) shed light on the inefficiencies in current procedures and processes. Budgets vary by firm but financial institutions must fix the cracks in collateral management infrastructure and counterparty risk mitigation practices now painfully visible.
For this reason, we are hosting a Webinar on April 15th to provide insight on both short and long-term strategies for improving the bilateral collateral management infrastructure and counterparty risk mitigation practices for financial institutions, especially investment management firms. We have put together a panel of four leading industry experts who bring a wealth of valuable experience and knowledge to the table.
I’ve included the event brief below for those of you interested in tuning in. We have quite a following with these Webinars now and I know this specific event will not disappoint!
P.S. Please use "DerivSource’ discount code to receive 50% off and those of you attending are welcome to send questions ahead of the event to me directly.
Mitigating Counterparty Risk & Managing Collateral Post Crisis
Thursday, 15 April 2010 16:00 – 17:15 (GMT)
The credit crisis shed light on importance of counterparty risk management and many firms are revamping risk controls and collateral management processes to create a more integrated, efficient operational structure.
The fall of Lehman Brothers caused havoc in collateral management departments within investment management firms as teams scrambled to gather data on positions, collateral balances and contract agreements to assess risk exposure to the defaulting financial institution. As consequence, and months after that fateful week, collateral and counterparty risk management remains a top priority for investment managers as they seek to implement new risk controls and supporting systems to improve their handling of counterparty risk exposures and collateral movements in times of market volatility. To better manage both areas, which work in tandem, firms need to deploy a more integrated and efficient operational structure. Such a strategy however, must also take into account the changing marketing practices and evolving role of collateral management in a reformed financial marketplace.
In this Web-event, attendees will hear a panel of industry experts discuss the challenges and solutions in improving both collateral management and counterparty risk mitigation practices post-financial crisis. The panel will review emerging best practices in both areas whilst also sharing innovative strategies, new technology and services offered to help firms make effective changes today.
Key topics include:
* Centralisation strategies & integration between departments to manage of exposure in unison
* How to handle broader range of capital in managing collateral?
* How to improve dispute management processes?
* Dealing with all types of market events and counterparty defaults
* Pre & Post deal management of counterparty risk
* Outsourcing – should collateral management be outsourced? How can fund administrators improve services?
* The evolving role of collateral management from cost center to profit center?
* New best practices in collateral management?
* New best practices in managing counterparty risk post crisis?
* Short and Long-term strategic changes for management of collateral and counterparty risk.
* Innovative technology available to improve both practices and operational areas?
Format: Webinar
Date: 15 April 2010
16.00-17.15 BST (London/Dublin) 17.00-18.15 CET (Paris/Berlin) 11.00-12.15 EST (New York/Boston) 08.00-09.15 PST (San Francisco/Los Angeles)
Panellists:
Darren Measures, Executive Director – Head of APAC Sales, JP Morgan Chase
John Schiavetta, Director of Risk Management – Fixed Income, AllianceBernstein
Chris Sims, Head of Investments Operations, Gartmore Investment Management
Sean Sprackling, Partner, ISC LLC
Moderated by:
Julia Schieffer, Founder & Editor-in-Chief, DerivSource
For questions regarding the programme or speakers, please contact Julia Schieffer on julia@derivsource.com.
Who should attend?
Asset managers & hedge funds, Pensions funds, Corporates and End investors, Fund administrators & Custodian banks, Prime brokers, Software vendors
