The People’s Bank of China (PBOC) and the Federal Reserve Bank of Chicago sponsored the Symposium on OTC Derivatives in Shanghai on May 23, 2017, in conjunction with CCP12. The conference focused on risk management and regulatory concerns currently facing central counterparties. Keynote speakers and panelists discussed the role of CCPs in financial markets, recovery and resolution planning, CCP liquidity needs, and international standards for CCPs. While differences of opinion emerged, all speakers agreed on the importance of resilient CCPs for financial markets and the need for international coordination on regulatory policies.
The Symposium welcomed more than 90 participants representing CCPs, regulators, and industry experts from every major jurisdiction. Attendees and panelist discussed critical topics facing the industry today:
- Resilience, recovery, and resolution of financial institutions and financial market infrastructures
- CCP liquidity risk and impact on financial markets
- International standards for CCP risk management