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SUMMARY:Central Clearing of OTC derivatives - Murphy\, D\, Handjinicolaou\
 , G\, McLaughlin\, D (Panel Session)
DTSTART:20140827T143000Z
DTEND:20140827T160000Z
UID:TALK53895@talks.cam.ac.uk
CONTACT:Mustapha Amrani
DESCRIPTION:Darrell Duffie (Stanford University)\n\nGeorge Handjinicolaou 
 (ISDA)\n\nAlexander Lipton (Bank of America) [to be confirmed]\n \nDennis 
 McLaughlin (LCH Clearnet)\n \nDavid Murphy (Bank of England)\n\nThis panel
  discussion will focus on systemic risk issues arising from the central cl
 earing of over-the-counter derivatives. These issues may include default m
 anagement resources and processes\, the failure resolution of CCPs\, plann
 ing for CCP service continuity or discontinuity\, the liquidity of CCP def
 ault management resources\, transparency of CCPs\, supervision and regulat
 ion of CCPs (including cross-border issues)\, cross-CCP access by market p
 articipants\, and a range of CCP risk management issues such as clearing m
 embership requirements\, voluntary and forced member resignations\, criter
 ia for approval of cleared products\, initial margin requirements\, and cr
 oss-silo risks. The panel includes experts from derivatives dealers\, cent
 ral clearing party operators\, and financial regulators. An active discuss
 ion will include questions addressed to the panel from the floor.\n
LOCATION:Seminar Room 1\, Newton Institute
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