The goal of this two-day workshop is to offer a structured approach to the credit analysis of Financial Markets Infrastructures (FMIs): specifically central counterparties (CCPs), clearing houses, settlement agents and exchanges.
The workshop will address the following topics:
- Business models of central counterparties, clearing houses, settlement agents and exchanges and how these are changing in response to economic, structural, competitive and regulatory issues
- Main business and financial risks faced by each business model and how to evaluate risk management and strategy
- Key performance indicators for each business model and dissect financial statements to uncover key credit issues
- Typical exposures to the different types of institution and how these can be structured in order to minimise credit and other risks.
10th - 11th
5th - 6th
Risk managers, treasurers, capital markets and regulatory professionals who need to review and analyse credit exposures to different types of securities and derivatives exchange, clearing house and central counterparty. The workshop is pitched at an intermediate level and assumes a basic knowledge of securities and derivatives markets, accounting and credit risk issues.