The midst of the financial storm is behind us and regulators on both sides of the Atlantic are drafting new rules for over-the counter derivatives markets. The current EU and US proposals are calling for more centralization of trading and clearing but benefits and risks of this relevant shift have not concretely been debated yet. This specialized seminar - organized by the European Capital Markets Institute (ECMI) - will question the feasibility and future prospects of this run to centralization and the potential changes in players’ business models, focussing on what should be endorsed or not by these overarching reforms. A distinguished line-up of speakers will also tackle specific issues as standardization versus eligibility and capital charges versus margin requirements. The contribution of institutions and highly qualified practitioners will inspire the debate and further stimulate the interaction on the forthcoming regulatory actions, in order to improve the general understanding of this complex market and provide the financial system with sounder regulation.
Speakers Include:
Patrick Pearson, Head of Unit, Financial Markets Infrastructure, European Commission
Anne Wetherilt, Senior Manager, Bank of England
Jeff Gooch, CEO of MarkitSERV, and member of the EC Derivatives Working Group
