Fourth Annual Joint Conference of the Deutsche Bundesbank, European Central Bank and Federal Reserve Bank of Chicago on CCP Risk Management
On 22 March 2022 the European Central Bank (ECB) hosted the fourth annual joint conference of the Deutsche Bundesbank, the ECB and the Federal Reserve Bank of Chicago on CCP Risk Management. In light of the ongoing Covid-19 pandemic, this year’s conference was held virtually. The event, by invitation only and held under Chatham House Rules, brought together participants from industry, regulatory bodies and academia to discuss expanding access to central clearing and climate change risk in financial markets. The program and relevant recordings are linked in this summary.
Note: Times are Central European Time (UTC+1)
- How to assess emerging business cases and suitability for clearing of new asset classes/markets?
- What is the role of incentives and clearing mandates today?
- How would or could new technologies shape the future of clearing and settlement operations?
Nicoletta Giusto, Independent Member of the CCP Supervisory Committee and Director for Central Counterparties, European Securities and Markets Authority (ESMA)
- Why are climate change risks relevant for CCPs?
- How could or should CCPs embed climate change risks into their risk management?
- Would CCPs need regulatory/supervisory guidance on climate change risks?
- What aspects of climate change risk management are common to CCPs and other financial institutions, and which aspects are distinct?