The past, present, and future of central clearing
BIS-ECB-HEC-VU Online Workshop
24 NovemberĀ 2020,15:30-18:00 Central European Time (CET)
Following the Great Financial Crisis of 2007-09, a key component of the global regulatory reform agenda was the requirement to mandate central clearing for standardised derivatives. These reforms have now been largely implemented. As a result, the structure of the derivatives market has changed dramatically. As researchers seek to fully understand the impact of these reforms, they have focused considerable attention on the topic of central clearing over the last decade, making significant contributions on both the theoretical and the empirical fronts. This workshop seeks to highlight this recent research. It will review the existing literature, discuss current views on central clearing and debate the future issues to be addressed.
The workshop is held under the Chatham House Rule.
Preliminary programme
Opening remarks | Wenqian Huang (BIS) |
Keynote speaker | Darrell Duffie (Stanford University) |
Past - Release of a literature survey on the Economics of Central Clearing | |
Presented by Themes discussed by |
Guillaume Vuillemey (HEC Paris) Paul Glasserman (Columbia University) |
Present - Policy discussions of ongoing issues | |
Moderated by Covering Panellists |
Martin Scheicher (ECB)
Isabel von Koppen-Mertes (Deputy Director General of SSM, ECB) |
Future - Online debate about key issues that need attention going forward | |
Moderated by |
Albert J Menkveld (VU Amsterdam) |