On the Agenda at the CCP Conference

This year’s central counterparty (CCP) conference will focus on a broad agenda of issues:

• To demonstrate and increase CCPs’ awareness of the changing global needs and priorities of the constituencies they serve and to foster a dialogue on addressing the need for more common standards, collaboration among CCPs and evolving a strategy for achieving interoperability on a global basis.
• To discuss key drivers of change, including volume growth, the emergence of new liquidity pools, the trading in new financial instruments, the movement from cash markets to more hybrid type over-the-counter (OTC) derivative instruments and the concerns of regulators for greater transparency and risk management safeguards.
• To address how CCPs can communicate across multiple jurisdictions and time zones on critical and increasingly more complex risk management issues, and evolve risk management strategies to counteract and minimize the potential for a crisis to undermine the stability of financial markets.
• To promote an analysis of business benefits that could arise from greater cooperation among CCPs around the globe, including looking at issues such as netting, cross-margining and cross-membership.
• To look at key regulatory trends and provide an update on progress and cooperative arrangements to facilitate cross-border arrangements, including CPSS-IOSCO, the E.U. Code of Conduct on clearing and settlement and other developments that have impacted CCPs’ procedures and activities. @