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Central Clearing of OTC derivatives

Presented by: 
D Murphy & G Handjinicolaou & D McLaughlin & A (TBC) Lipton [Panel Session]
Date: 
Wednesday 27th August 2014 - 15:30 to 17:00
Venue: 
INI Seminar Room 1
Session Chair: 
D Duffie, Stanford
Abstract: 
Darrell Duffie (Stanford University)

George Handjinicolaou (ISDA)

Alexander Lipton (Bank of America) [to be confirmed]

Dennis McLaughlin (LCH Clearnet)

David Murphy (Bank of England)

This panel discussion will focus on systemic risk issues arising from the central clearing of over-the-counter derivatives. These issues may include default management resources and processes, the failure resolution of CCPs, planning for CCP service continuity or discontinuity, the liquidity of CCP default management resources, transparency of CCPs, supervision and regulation of CCPs (including cross-border issues), cross-CCP access by market participants, and a range of CCP risk management issues such as clearing membership requirements, voluntary and forced member resignations, criteria for approval of cleared products, initial margin requirements, and cross-silo risks. The panel includes experts from derivatives dealers, central clearing party operators, and financial regulators. An active discussion will include questions addressed to the panel from the floor.

University of Cambridge Research Councils UK
    Clay Mathematics Institute The Leverhulme Trust London Mathematical Society Microsoft Research NM Rothschild and Sons