The European Markets Infrastructure Regulation's (EMIR) main objective is to reduce counterparty risk and systemic risk. The impacts of this clearing mandate that came out of the G20 ruling have already been felt by Category 1 participants. They now must centrally clear OTC derivative contracts through a central counterparty. Category 2 will be held accountable to this same standard by the end of 2016 with Category 3 in mid-2017.
Many Intuitions have yet to fully consider the gravity of the situation not to mention the realities of what the clearing process will actually entail. Therefore, Risk magazine have designed a comprehensive two day course to provide attendees with the tools they need to ‘switch up a gear' from tactical compliance to a long term strategy in response to the change in the derivatives markets.
The first day of the agenda will look at the EU margin requirements and Pre Trade Considerations. The second day will cover how best a firm can work with the new environment to use it to its advantage whilst also looking at the liquidity and post trade collateral management implications.
The course will feature presentations from Industry experts and specialists from; Financial Conduct Authority, Credit Suisse, Comerzbank AG and Alvarez & Marsal amongst others yet to be confirmed.