Quantifi’s New York Risk Conference Reveals ‘The Dynamics Driving OTC Markets’
Quantifi has published the video recordings of its inaugural New York risk conference. Over 150 delegates, from across the industry including banks, asset managers, hedge funds, clearing houses and industry bodies, gathered for an afternoon of insightful discussion on ‘The Dynamics Driving OTC Markets’.
20 Jan, 2015
  • Speakers from Citigroup, Bank of America, Morgan Stanley, CME Group, Star Mountain Capital, Strategic Streams, RBC Capital, GSO Capital/Blackstone and UBS
  • Presentations on regulatory reforms and the implications for Clearing, counterparty risk and regulation, buy-side risk, and big data in financial service
  • 150+ attendees from across the financial industry

“There are a lot of people here who are experts in their industry. The panel sessions were outstanding, I liked the balance with the buy-side and sell-side perspectives. I think Quantifi did a great job.”

Quantifi, a specialist provider of analytics, trading and risk management solutions has published the video recordings of its inaugural New York risk conference.  Over 150 delegates, from across the industry including banks, asset managers, hedge funds, clearing houses and industry bodies, gathered for an afternoon of insightful discussion on ‘The Dynamics Driving OTC Markets’.

Chaired by Melissa Sexton, Executive Director, Product and Investment Risk, Morgan Stanley Wealth Management, the conference covered a number of areas impacting the OTC markets including regulatory reforms and the implications for clearing, buy-side risk management, big data in financial services and counterparty risk and regulation. Moderated by Gonzalo Garcia-Kenny, Head of US Portfolio Optimization, Citigroup, the sell-side panel reflected on ‘Counterparty Risk & Regulation from a Sell-Side Perspective’. The panel discussed the implication of new regulations, the implementation of central clearing and Collateral rules, the changing role of CVA desks post the financial crisis, and how banks have moved to pricing FVA into transactions. Speakers also highlighted products becoming less bespoke as a direct result of the complexity of the credit crisis and how pricing behaviours are very different now to what they were pre-crisis.

Udesh Jha, Executive Director, CME Group, presented on ‘Regulatory Reforms and Implications for Risk Models for Clearing’. Udesh emphasised a number of key themes including the regulatory impact on margining, how CCPs are reacting to the development of new margin methodology and how some EMIR and CFTC rules and processes are yet to be defined. He also stressed how the monitoring of risk has undergone significant change in terms of adoption of new technology.

The buy-side panel ‘Shift in Risk From Sell-Side to Buy-Side’, moderated by Lev Brodovsky, Chief Risk & Compliance Officer, Star Mountain Capital debated the concept of shadow banking and its impact on different market participants. The panel went on to discuss the driving forces behind the growth in shadow banking including tighter regulation, increase in cost of capital and also recognition that the scale of bank deleveraging require economies to look outside banks to secure the finance required for growth.

Terry Benzschawel, Managing Director, Institutional Clients Group, Citigroup, delivered the keynote address ‘Big Data in Financial Markets’ in which he explored the role of big data models in finance and the contribution it can make to risk management within financial markets. He considered the role of big data models in finance, using the problem of default modelling as an example, and also more general aspects of big data applications.

Conference videos including speaker list are available on the Quantifi website

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