Global Financial Markets: New Rules on Market Structure, Trading and Funding

London, England
17 March 2014
Hosted By: Chatham House

Chatham House held a conference in London on 17 March 2014 to discuss the implementation of major pieces of financial regulation being embedded nationally, regionally, and globally, and to consider the likely effects on financial markets. The conference, which featured an opening address by Sir Jon Cunliffe, Deputy Governor for Financial Stability at the Bank of England, focused particularly on current and planned reforms to market structure, trading practices, and non-bank credit intermediation activities.

As part of the program, NERA Vice President Dr. Sharon Brown-Hruska, a former Commissioner and Acting Chairman of the US Commodity Futures Trading Commission, chaired a panel session on "Derivatives and Market Infrastructure." The panel discussed a number of timely issues, including: implications of the US-EU agreement on rules for trading over-the-counter derivatives; global coordination of collateral and margin requirements for OTC derivatives, as well as the impact proposed rules would have on business models; and how clearing houses should be capitalized and clearing funds structured to ensure market continuity or rapid resolution.

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