By Jon Gregory
- Review the mitigation of counterparty credit risk with the historical development of central clearing
- Clarify the latest regulatory requirements imposed by Dodd-Frank, EMIR, Basel III and more
- Learn the mechanics of central clearing, with special attention to complex issues such as margin calculations, the loss waterfall, client clearing and regulatory capital rules
- Gain insight into the advantages and disadvantages of clearing and bilateral margin requirements, and the potential issues that arise
As the clearing and margining mandates are phased in, the associated costs will be severe enough to dramatically shift the topology of the financial markets and transform the nature of risk. Central Counterparties provides the information, clarification and expert insight market practitioners need to get up to speed quickly.
Dr Jon Gregory is a partner at Solum Financial Partners LLP and specialises in counterparty risk and CVA related consulting and advisory projects. He has worked on many aspects of credit risk in his career, being previously with Barclays Capital, BNP Paribas and Citigroup. He is author of the book Counterparty Credit Risk and Credit Value Adjustment: A Continuing Challenge for Global Financial Markets Second Edition. Jon holds a PhD from Cambridge University.