2016 Program


Wednesday, October 19, 2016 at 2:00 PM

W2:00A CCP Risk: Where are we now?

Continental A
CCPs and clearing members work to promote safe and efficient mechanisms by collecting margin, establishing default rules, and managing porting or liquidating customer trades in a time of crisis. Panelists will discuss whether these risk management practices and other rules actually create liquidity and risk concerns that discourage clearing of derivatives on CCPs. This panel will consider new international standards, regulations, and CCP rules related to resiliency, recovery and resolution and whether new regulatory initiatives are improving the overall system or actually raising new concerns.

Chair:

Jackie Mesa, Senior Vice President of Global Policy, FIA

Speakers:

Jeffrey Bandman, Acting Director, Division of Clearing & Risk, Commodity Futures Trading Commission
Lee Betsill, Managing Director, Chief Risk Officer, CME Clearing
Greg Fell, Global Head of Financial Market Infrastructure Risk Management, Citigroup Global Markets
Nico Friedman, Managing Director, Goldman Sachs
Ada Lee, Chief Risk Officer, LCH LLC, & Group Head of CaLM Risk & Portfolio Analytics, LCH
Joanne Medero, Managing Director, BlackRock