NERA Vice President Dr. Sharon Brown-Hruska participated in a webcast hosted by the Global Association of Risk Professionals on 17 May 2011 that examined the regulation of derivatives in the wake of the financial crisis. The European Market Infrastructure Regulation is expected to bring greater oversight and standardization to the over-the-counter derivatives market when it goes into effect in the EU this year. In the US, meanwhile, the Dodd-Frank Wall Street Reform and Consumer Protection Act will also make fundamental changes to the structure and regulation of derivatives, potentially setting the stage for regulatory and risk arbitrage. This webcast took a closer look at efforts on both sides of the Atlantic to create a regulatory framework for over-the-counter derivatives, and to help risk managers understand the risks stemming from the possible extraterritorial effects.

To learn more, please visit the GARP website.