On February 27-28, the Federal Reserve Bank of New York, in collaboration with the Board of Governors of the Federal Reserve System and the Basel Committee on Banking Supervision at the Bank for International Settlements, will host a conference on counterparty credit risk (CCR) management.
This conference aims to promote knowledge sharing on best practices and key challenges related to CCR management.
The program will cover a range of topics related to CCR, including due diligence and information disclosure, credit risk mitigation, exposure measurement, governance, and more. Conference participants will include official sector representatives from regulatory bodies and supervisory authorities in various jurisdictions and risk managers from banking organizations.
Event Details
Date & Time
February 27-28, 2024
9:00am-5:00pm EST
Location
Federal Reserve Bank of New York
33 Liberty Street
New York, NY
Audience
This event is in-person, and attendance is by invitation only.
Agenda
| Tuesday, February 27 | |
| 8:15am-9:00am | Check-in and Breakfast |
| 9:00am-9:05am | Welcome Remarks Hampton Finer, Federal Reserve Bank of New York |
| 9:05am-9:30am | Keynote Address Michael S. Barr, Vice Chair for Supervision, Board of Governors of the Federal Reserve System |
| 9:30am-10:20am | Session 1: Supervisory Perspectives Panel Moderator: Jeremy Caldwell, Federal Reserve Bank of Richmond Thomas Broeng Jorgensen, European Central Bank Afshin Taber, Federal Reserve Bank of New York Alison Scott, Bank of England (Prudential Regulation Authority) |
| 10:20am-10:35am | Break |
| 10:35am-11:25am | Session 2: Industry Perspectives Panel Moderator: Andrew McKenna, Federal Reserve Bank of New York Wendy Gorman, Goldman Sachs Kathryn McGarvey, JPMorgan Chase & Co. Gael Lledo, BNP Paribas Simon Stockwell, Bank of England (Prudential Regulation Authority) |
| 11:25am-12:15pm | Session 3: Managing CCR: The Role of Central Counterparty (CCP) Relationships Moderator: Klaus Löber, European Securities and Markets Authority Dmitrij Senko, Eurex Clearing Travis Nesmith, Board of Governors of the Federal Reserve System Laura Klimpel, Depository Trust & Clearing Corporation |
| 12:15pm-12:45pm | Conversation with Anna Nordstrom, Head of the Domestic and International Markets Functions in the Markets Group, Federal Reserve Bank of New York Moderated by Michael Holscher, Federal Reserve Bank of New York |
| 12:45pm-1:45pm | Lunch |
| 1:45pm-2:15pm | Conversation with Andreas Lehnert, Director of Financial Stability, Board of Governors of the Federal Reserve System Moderated by Lisa Ryu, Board of Governors of the Federal Reserve System |
| 2:15pm-3:30pm | Session 4: Global Markets Perspectives Panel Moderator: Thomas Gstaedtner, European Central Bank Thomas Schindler, Allianz Global Investors Panayiotis Stergiou, Deutsche Bank Bob Munsey, Bank of America Sam Schulhofer-Wohl, Federal Reserve Bank of Dallas |
| 3:30pm-3:45pm | Break |
| 3:45pm-4:45pm | Session 5: Legal Perspectives Moderator: Elizabeth MacDonald, Board of Governors of the Federal Reserve System Katherine Tew Darras, ISDA Ruth Arnould, Bank of America Lary Stromfeld, Cadwalader, Wickersham & Taft LLP |
| 4:45pm-5:15pm | Conversation with Michael Alix, Chief Risk Officer, UBS Americas Holdings Moderated by Catherine Needham, Federal Reserve Bank of New York |
| Wednesday, February 28 | |
| 8:15am-9:00am | Check-in and Breakfast |
| 9:00am-9:05am | Opening Remarks Thomas Gstaedtner, European Central Bank |
| 9:05am-9:25am | Keynote Address Elizabeth McCaul, Member of the Supervisory Board, European Central Bank |
| 9:25am-10:25am | Session 6: Due Diligence, Client Onboarding, and Monitoring Moderator: Ryan Rehorn, Federal Reserve Bank of Richmond Matthew Meyers, Morgan Stanley James Webb, Credit Agricole Keval Shah, Barclays |
| 10:25am-10:45am | Break |
| 10:45am-11:45am | Session 7: Credit Risk Management and Mitigation Moderator: Spencer Petitti, Federal Reserve Bank of New York David Bear, Goldman Sachs Florence Hillaire, Société Générale Sema Kirdar, Wells Fargo |
| 11:45am-12:45pm | Lunch |
| 12:45pm-1:45pm | Session 8: Capturing Risk Exposures through Metrics and Measurement Moderator: Fabrizio Anfuso, Bank of England (Prudential Regulation Authority) Arnaldo Furiani, JPMorgan Chase & Co. Paul Fillmore, Commerzbank Michael Pykhtin, Board of Governors of the Federal Reserve System |
| 1:45pm-2:45pm | Session 9: CCR Stress Testing and Scenario Design Moderator: Lelio Raimondi, European Central Bank Lesley Steele, Goldman Sachs Peter Berardi, Deutsche Bank Ewan Miller, RBC Capital Markets |
| 2:45pm-3:00pm | Break |
| 3:00pm-4:00pm | Session 10: CCR Governance Practices and Frameworks Moderator: Mihnea Mihai, Swiss Financial Market Supervisory Authority FINMA Anders Wulff-Andersen, Citigroup Nicolas Friedman, UBS Maryann Watt, Bank of New York Mellon Shannon Bozelli, Federal Reserve Bank of New York |
| 4:00pm-4:10pm | Closing Remarks Hampton Finer, Federal Reserve Bank of New York |
