Overview

This webinar focuses on the chief concerns impacting the hedge fund industry as it prepares to comply with EMIR and Dodd-Frank regulations that begin in August of this year. These challenging regulatory considerations are impacting funds, banks, corporates and broker dealers, which need to comply with many different facets, such as risk mitigation, reporting deadlines, and trade repository integration.

While most financial institutions are still adjusting to the ramifications around EMIR implementation and the imminent next phase around collateral evaluations and clearing obligations, innovative firms are already adapting to this significant industry change.

In this webinar we will have the chance to hear industry leaders discuss their regulation and insight technology considerations. We will also discuss EMIR and Dodd Frank regulation criteria, such as treatment for different derivative types and margin rule tolerance/complexity in the different regulatory regimes, and technology and implementation considerations for issues such as risk mitigation and reporting.

Central areas of the presentation will include:

EMIR and Dodd Frank Regulatory Overview: Many elements of EMIR and Dodd Frank regulations are critically important, especially for funds caught under both regulatory regimes—such as cross-border implications and equivalency determinations.

Risk and Reporting through a Quantitative & Technology Lens: Many globally impacted firms, especially European funds, are ramping up the monitoring, risk and control functions to prepare for this rigorous regulatory framework and the associated business impact. As a result, many teams are beginning to implement independent monitoring for managing areas such as daily derivatives pricing/marking for independent derivatives calculations processes across pricing, reporting, monitoring and risk mitigation.

Trade Reporting and Trade Repository Considerations: Given the reporting challenges in reduced T+1 reporting timelines and dual counterparty reporting requirements, this is a highly critical area for impacted firms. Discussion will include, among other areas, intricacies of trade reporting and reporting timeliness challenges.

Risk Analytics Technology: Here we will take a look at underlying technology that is being utilized in helping institutions achieve EMIR and Dodd Frank readiness, as well as an example focusing on OTC derivatives trade pricing and risk mitigation requirements.

“While there is no consistency yet between US and European requirements, funds of varied AuM are acutely aware of cross-border compliance requirements. Clearing mandates for specific contracts kick off in 2015, and there are still many open questions relating to issues such as the margin for non-cleared trades, valuation reporting and collateral.”

-Matthew Streeter, Capital Markets Strategist, FINCAD

Speakers

Wesley Lund, Associate Director for Markets Regulation, AIMA
Wesley Lund was appointed Associate Director, Markets Regulation for AIMA in October 2012. Prior to joining AIMA, he spent four years at Linklaters LLP, having specialised in derivatives and structured products. While at Linklaters, Wesley spent time on client secondments at Goldman Sachs International, Lehman Brothers International (Europe) (In Administration), Man Investments AG and The Royal Bank of Scotland. Wesley is a qualified solicitor and has a degree in Philosophy and Politics from The University of Edinburgh.

Subbu Loganathan, Project Manager for Regulatory & Derivatives Initiatives, Ruffer LLP
Subbu Loganathan joined Ruffer as contract Project Manager for their Regulatory and Derivatives Initiatives in October 2013. Prior to this Subbu has spent 2 years with HSBC UK focusing on CASS and AIFMD regulations for hedge fund clients, and 5 years (in two stints) with Deutsche Bank US and UK focused on Portfolio Reconciliation, Trade Reporting and Uncleared Margining for Dodd Frank/EMIR. Subbu holds an MBA in Finance from the Indian Institute of Management and has 12 years experience in finance.”

Michael Cunningham, Head of Application Development, Ruffer LLP
Michael joined Ruffer in 2012 as Head of Application Development. He has over 16 years of experience in the finance sector, gleaned in various Middle Office and Technology roles. Michael holds a Physics degree from the University of Nottingham, a Masters in Software Engineering and a Certificate in Quantitative Finance (CQF).

Matthew Streeter, Capital Markets Strategist, FINCAD
Matthew is responsible for understanding client business issues in the derivatives marketplace and translating them into industry-leading products and solutions. Before joining FINCAD, Matthew worked on the merging of Bank of America and Merrill Lynch systems within the rates derivatives and structuring businesses. Previously, he held positions at JP Morgan, Société Generale Equity Derivatives, Wachovia Capital Markets and Deutsche Bank. His expertise is wide ranging: trade execution, trading book hedging, PnL attribution, building pricing models, risk analysis and reporting. He has also modeled, structured and hedged retail and institutional issuances.