In a DerivSource Podcast industry experts offers a brief update on the latest regulatory developments in recovery and resolution planning followed by a discussion on the practical challenges of implementing RRPs for clearinghouses.
Recovery and Resolution Plans (RRPs) are central to the global regulatory response to the financial crisis led by the G20 and the Financial Stability Board. The reforms will, it is hoped, create a safer and more transparent financial system. Mandatory central counterparty (CCP) clearing will significantly increase the amount of risk concentrated in clearinghouses so they must also have effective recovery and resolution planning programmes in place.
In a DerivSource Podcast industry experts offers a brief update on the latest regulatory developments in recovery and resolution planning followed by a discussion on the practical challenges of implementing RRPs for clearinghouses.
Panel of speakers:
• Michael Beaton, Managing Partner, DRS LLP
• Rory Cunningham, Director Public Affairs, LCH.Clearnet
Tune into this free DerivSource podcast below.
For more information and updates on Resolution Plans please visit Michael’s Recovery, Resolutions Plans & Living Wills Blog:
http://recoveryandresolutionplans.wordpress.com/
