EU OTC Derivatives & Clearing Forum 9-10 November, London
This event offers an unparalleled opportunity for discussing your pressing concerns directly with the legislators, to learn developing best practices in navigating this next wave of financial regulation and furthering your transactional goals, and to network with industry peers and those on the other side of your trades.
On Thursday 10 November Alexander Jacobs, Global Sales & Product Manager OTC at ABN AMRO Clearing will participate in the panel ‘Clearing Broker Perspectives on the Meeting the Main Challenges in Operating Across Different Asset Classes under the New Rules’.
This panel will cover the following subjects:
- How are clearing members developing their services in line with varying services of multiple CCPs? How much uniformity, consistency and end-user friendliness can they in turn offer in their own services?
- Are US banks in Europe be required to comply with Dodd Frank provisions before their European competitors and has this placed them at a competitive disadvantage?
- How dynamic are clearing member services, in terms of their capacity to respond to still ongoing regulatory changes?
- How is the necessity to build multiple service levels and layers impacting on the cost of clearing member services and their speed in getting to the market?
- How do multiple clearing member relationships work and what is the scope for guaranteed portability?
- What is the role of the executing broker under the new system? How will they compete with clearing members offering integrated services?
- Challenges in supporting multiple models for multiple products and feedback so far on client requirements in terms of interface to their broker:
- is it possible to provide a single consolidated statement across both bilateral and centrally cleared products?
- is it possible to provide a single margin call?
- what regulatory issues are raised in consolidating margin calls/statements ?
- Does the new system require pre-funding of CCPs by clearing members? Does this mean that clients have provide excess collateral to brokers?
- Connectivity to CCPs
- how will counterparty risk be impacted where there are multiple levels of connectivity to a CCP?
- how will calculations change depending on the number of connectivity levels and via which level/s a party is connected to another?
- How will ongoing trend of CCP mergers affect competition amongst clearing houses in terms of services offered?
Wednesday 09 November – Thursday 10 November 2011
The Sheraton Park Hotel, London - UK