Living The Trade Lifecycle: Recent Episodes
Julia Schieffer
From OTC derivatives, to post-trade, to digitalization, the DerivSource podcast explores the top trends shaping the trade lifecycle and the ideas and people driving its transformation in the future.
Margin is in the spotlight lately and with good reason. Standards bodies, industry associations and regulators are all calling for greater transparency in margin models to boost the resiliency of the global derivatives markets during times of volatility, as seen in recent years and months.
In this podcast, Rafik Mrabet, Managing Director, Cumulus9, talks to DerivSource about what greater transparency of margin models and processes looks like for market participants – financial institutions and CCPs, and how tools can help all parties move towards the greater goal – a safer market.
Discussion points include:
- Takeaways from recently published industry reports calling for greater margin transparency
- What transparency means for CCPs, Clearing Members and Clients
- Evolution of margin model methodology – SPAN to VaR
- ·Available tools to improve margin transparency today
Go to DerivSource.com for more info on this topic including related reading.
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As the industry readies itself for the looming deadline for the acceleration of the settlement cycle to T+1, many firms, both buy and sell side will be contending with various operational challenges.
In this episode of the DerivSource Podcast, Living the Trade Lifecycle, Gabino Roche, the CEO and founder of Saphyre, shares his views on two of the top challenges - SSIs and potential after hours liquidity hiccups – that firms must address now to ensure they can settle trades efficiently and within the constraints the T+1 settlement cycle introduces.
In this episode, we explore:
- Are firms ready for T+1 now?
- Are firms investing in technology and automation to prepare or relying on short-term solutions such as increasing staffing resources?
- What are the common hurdles firms face in adjusting SSI related processes ahead of T+1?
- What is the “witching hour” and how can this create potential challenges in managing liquidity?
- What do you think is the golden opportunity that T+1 is introducing for the industry?
- What should firms be focusing on now to ensure they are ready and able to settle trades on T+1 efficiently come the deadline?
Related reading and resources:
https://www.saphyre.com/
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Recent market events, new regulation and ongoing market volatility are really keeping risk management and compliance professionals on their toes. And risk itself is evolving too – with newer risks to contend with (cyber and ESG) while there is growing recognition of the value these departments contribute to the success of a business. How can risk and compliance professionals' strength their career prospects amidst all this change?
In this episode of our Professional Pivots podcast series, we speak to Kimberley Cole, Chief Risky Officer at Risky Women, about how the careers in risk management and compliance are changing in today's environment. We explore how the use of various tools such as industry networks, workshops and resources (Watch Lists) is integral to helping individuals amplify their visibility, increase industry knowledge and seek out opportunities to advance their careers.
Tune in to hear more about:
- How have roles in risk management and compliance changed?
- What are the most significant challenges risk and compliance professionals face today and why?
- What are the opportunities for career advancement for professionals working in risk management and regulatory compliance?
- What can risk managers do to enrich their careers or ensure they are evolving to keep up with changes in their role?
- How will roles in both risk management and regulatory compliance change in the next two to three years?
- Why is it a good time to be a risk manager or work in compliance?
- What advice would you give a professional in risk management and compliance today?
About Kimberley Cole
Kimberley Cole is the Founder of Risky Woman and is passionate about inspiring and connecting women to be bold, to extend and to take risks. With a foundation in Governance, Risk and Compliance the network focuses on the rapidly evolving regulatory landscape but offers connections and ideas for building business and careers for women and of course men too. Kimberley’s philosophy is centred on connecting, celebrating and championing women across the globe. A global executive, she has extensive background in financial services and technology. As a sales and marketing leader for over 20 years she has worked with customers in multiple geographies on big data projects and identifying solutions to help them thrive in an increasingly disrupted world. She has driven growth and transformation across a range of functions with achievements including building and launching new products and transforming teams to create customer focus and accelerated growth. Creating shared value and taking action she also established a platform to stop slavery and focus on how technology and data can help address this crime. She is an angel investor and fintech advisor. Non-Executive Director of the Fair Employment Foundation and AustCham Hong Kong.
About the Series:
Professional Pivots – Next Steps for Compliance, Collateral and Risk
This series of DerivSource Living the Trade Lifecycle podcast explores how financial professional roles are evolving amidst market change, technological advancements, and a shake-up in work dynamics in a post-pandemic corporate workplace. With a focus on professionals working in compliance, collateral management and risk, podcast episodes will cover how each of these roles are changing and what are the curren
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Regulatory compliance has been the single most significant driver of change in the collateral management space in the last decade. This shift in focus paves the way for collateral management professionals to consider their next steps in their careers – whether this be education, leveraging skill sets to leap to other roles or getting to grips with newer technologies.
In the second episode of the DerivSource Professional Pivots podcast series, we speak to Chetan Joshi, Founder and COO of Margin Reform, about how the role of a collateral manager is changing, the current opportunities for career advancement and how upskilling through training and education can help professionals achieve successful career growth.
Tune in to hear more about:
· How has the role of the collateral manager changed in the last decade?
· What are the main skills that collateral managers have today?
· What are the opportunities for career advancement or pivots for professionals working in collateral management today?
· What can collateral managers do to enrich their careers or ensure they are evolving to keep up with changes in their roles?
· How can collateral management professionals get the specific education required to enrich one's career?
· How will the collateral management role change in the next two years?
· Why is it a good time to be a collateral manager?
· What advice would you give a collateral professional today?
About Chetan Joshi
Chetan Joshi has an impressive 26-year journey in the realm of collateral management, he has had the privilege of working alongside industry trailblazers. As a seasoned public speaker and master trainer, Chetan harnesses his deep and deliberate expertise to reshape collateral management landscapes in both Business and Technology, offering innovative solutions that cater to the evolving demands of the Financial Markets. Beyond the professional sphere, you'll find him coaching football, venturing into the great outdoors with family and friends, and continually refining his reflexology skills.
About the Series
Professional Pivots – Next Steps for Compliance, Collateral and Risk
This series of DerivSource Living the Trade Lifecycle podcast explores how financial professional roles are evolving amidst market change, technological advancements, and a shake-up in work dynamics in a post-pandemic corporate workplace. With a focus on professionals working in compliance, collateral management and risk, podcast episodes will cover how each of these roles are changing and what are the current opportunities for career advancement. Tune in to hear also some common professional pivots that individuals can consider when looking to carve out an enriching and successful career.
Related reading and resources:
For more information on Margin Reform's E.L.E.V.A.T.E solution for its Institute of Collateral (IOC): ELEVATE system: https://www.marginreform.com/landing-pages/elevate
DerivSource Professional Pivots Series - see previous episode for regulatory compliance professionals here
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New regulation, market trends and greater use of technology means compliance departments are constantly changing. These changes also present opportunities for compliance professionals to elevate their careers.
In the first episode of DerivSource's "Professional Pivots" podcast series, we explore how the career path for compliance professionals is evolving. Specifically, we discuss what skills are necessary for the role now (hint – it's technology) and what opportunities are available to support future career advancements or strategic professional pivots.
Tune in to hear Joe Schifano, a compliance veteran, and current global head of regulatory affairs at Eventus, share his own experience with professional pivots in his career. He also discusses the various ways professionals can advance their careers through opportunities in education, technology training and pivoting to other roles or industries.
Listen to hear more about:
•How have compliance roles changed in recent years?
•How can compliance departments and professionals better manage a greater use of newer technologies?
•How does greater use of technology impact compliance roles?
•What are the opportunities for more junior compliance professionals today?
•Why is it a good time to be working in compliance?
•Who is well suited for working in compliance and why?
About Joe Schifano
Joe Schifano is Global Head of Regulatory Affairs at Eventus.
Joe brings 20 years of experience to Eventus, where he partners with client stakeholders, champions their needs, and concerns, communicates regulatory trends, offers insights to maximize effectiveness, and helps compliance and supervisory staff build best-in-class surveillance and monitoring capabilities. He most recently served as Deputy General Counsel and Global CCO at Tower Research Capital. He successfully led the global compliance team for this proprietary trading firm with 30 trading teams and activity in over 80 electronic markets globally with staff in New York, London, Gurgaon and Singapore. At Tower, he also served as CCO for Latour Trading LLC and TRC Markets LLC from 2016 to 2018, and as Counsel from 2014 to 2015. Earlier in his career, he was a Vice President on NYSE’s legal team, and held front-office, supervision, and compliance roles at Barclays Capital and UBS Securities. Joe received his J.D. from New York Law School and holds a B.S. in Applied Social Sciences and Business from Binghamton University.
About the Series
Professional Pivots – Next Steps for Compliance, Collateral and Risk
This series of DerivSource Living the Trade Lifecycle podcast explores how financial professional roles are evolving amidst market change, technological advancements and a shake-up in work dynamics in a post-pandemic corporate workplace. With a focus on professionals working in compliance, collateral management and risk, podcast episodes will cover how each of these roles are changing and what are the current opportunities for career advancement. Tune in to hear also some common professional pivots that individuals can consider when looking to carve out an enriching and successful career.
Related reading and resources:
Compliance in Focus - a content series on regulatory topics for financial markets and the challenges compliance officers face in a
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Collateral management remains in the spotlight this year and for good reason - market volatility, rising inflation and interest rates put greater pressure on collateral managers in the form of rising business costs, funding costs and an increase in the volume of margin calls. In this episode of the DerivSource podcast, Living the Trade Lifecycle, David White, CloudMargin'schief commercial officer, we explore how collateral management operations, despite recent UMR-related investment, are still plagued by many challenges- some internal such as bifurcated processes, reliance on legacy technology and a lack of automation and now in recent months – external challenges due to market conditions. Tune in to hear more about how firms can take their collateral operations to the next level through upgrading their tech stack and utilising tools (e.g., collateral optimisation) to strategically and efficiently navigate turbulent market conditions brought on by rising inflation, interest rates and general volatility.
This podcast episode explores:
•How macro market conditions (volatility, rising inflation and interest rates) are impacting collateral management right now.
•How UMR-related investment in collateral management addressed regulatory compliance but now firms need to address operational challenges in the form of legacy tech, siloed collateral pools, rising costs.
•What is optimisation and how can this functionality help firms address challenges related to current market conditions?
•How can new technology solutions (Cloud, SaaS) help firms avoid big - multi-year operational overhauls?
•Now what and where to start? It starts with good data and technology!
Related Reading and Resources:
DerivSource Podcast page:
https://derivsource.com/podcast/
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A Joint Podcast with DerivSource.com and sister publication, Global Trading
We begin the new year by reflecting on conversations of 2022’s past that set us up for continued success in 2023 and beyond. In this episode, Julia Schieffer, editor of DerivSource and host for DerivSource’s podcast, and Terry Flanagan, Managing Editor of Markets Media, and host for the GlobalTrading podcast reflect on the top 3 notable conversations of 2022.
Some of the most influential discussions came from discussing the challenges and opportunities that come with continued market volatility with Derivative Path’s head of business development, Tom Loffreido, and head of balance sheet strategy, Isaac Wheeler. As well as, chatting with Gemma Hagen, Director of Technology at Aspect Capital, excavating the challenges and opportunities associated with the buy side modernizing its technology, and taking a fascinating deep dive into the connections between behavioral psychology and risk management with Hersh Shefrin, author, pioneer, and Mario L. Belotti Professor of Finance at Santa Clara University.
After a year of rapid change and regulation, we felt inspired by the conversations discussing what lies ahead of 2023 for post-trade technology changes and those who shared their views on navigating the rapidly changing collateral management space.
Please go to the DerivSource or Global Trading podcasts to listen to the full episodes or your favorite podcasting channel. And don’t forget to subscribe!
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Distributed ledger technology (DLT) has been touted as a potential game-change for the post-trade processing space, yet many financial organisations continue to sit on the side lines waiting for the business case to be made. In 2022, we have seen the pioneers behind DLT adoption showcase the applicability of this technology to specific areas of post-trade and the benefits it yields.
In this episode of the DerivSource podcast, Living the Trade Lifecycle, Martin O’Connell, solutions architect at HQLAᵡ , explores a particular business case where the adoption of DLT is already making strides in one post-trade space – securities financing and collateral management. So, whether you’re at the heart of your firm’s digital innovation strategy or new to DLT, listen in today to hear more about what is working today and how it may shape 2023 and beyond.
Related Reading and Resources:
Digitalising Derivatives Post Trade: Hurdles and Blending of Old and New
About HQLAᵡ:
HQLAᵡ is an innovative financial technology firm founded by financial market practitioners. Our vision is to be the distributed ledger for Securities Finance and Repo.
Our immediate goal is to provide capital savings to global banks by improving collateral mobility across market-leading triparty agents and custodians in Europe. Together with Deutsche Börse, we created a multi-layer operating model which enables our clients to exchange ownership of baskets of securities across disparate collateral pools at precise moments in time.
The atomic nature of our Delivery vs Delivery (DvD) ownership transfers provides our clients with capital cost savings by reducing credit risk, intraday liquidity requirements, and operational risk.
For more information: https://www.hqla-x.com
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Legacy systems often get a bad rap, but are the newer technologies such as AI, DLT really the answer to all of your post-trade processing woes? In this episode of the DerivSource’s podcast, Living the Trade Lifecycle, Torstone Technology’s CEO, Brian Collings, sheds light on the practical strategies financial organisations can consider making significant improvements to their operational processing without ‘throwing the baby out with the bathwater.’
Tune in to hear his views on how changes to the middle office can extend the life of legacy systems, the role APIs play in establishing a flexible and agile post-trade operation, and the changes needed so post-trade operations can support new market needs such as digital assets and crypto currencies.
You can find other information on this topic via DerivSource.com
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The collateral management space has changed at a rapid pace in recent years due to the introduction of new regulatory rules and best practices impacting both cleared and uncleared derivatives. Despite the pace of regulatory change slowly somewhat, this collateral management operations continue to evolve and respond to new market trends and operational drivers.
In this episode of DerivSource’s Living the Trade Lifecycle podcast, Shaun Murray, CEO of Margin Reform, offers us a quick view on the top three challenges collateral managers should be focused on now, the market trends (collateral trading and DeFI) to be aware of, and how collateral managers can best prepare for the next wave of changes.
Go to derivsource.com for our show notes page.
The second phase of the CFTC position limits rules comes into effect in January 2023. In this episode of the DerivSource's podcast Living the Trade Lifecycle, we speak to Andrew Castello, vice president, head of reference data and Justin Hasnat, senior manager, Databank operations at FIA Tech about how firms can harness data to comply with the new position limit rules and ensure they are making a "reasonable, good faith effort" determination of the economic equivalence of an OTC swap compared to any of the 25 core-reference futures contracts.
Tune in to hear about some of the common challenges firms face as they prepare for this second phase of the rules and how FIA Tech’s Databank can help.
See show notes pages here: https://derivsource.com/podcast/
The first half of 2022 has been a rocky one. Rising inflation and interest rates, greater geopolitical risk and general market volatility are all creating a challenging environment for financial institutions who are focused on managing their risks in these rapidly changing market conditions.
In DerivSource’s “Living the Trade Lifecycle” podcast, Tom Loffredio, head of business development, and Isaac Wheeler, head of balance sheet strategy at Derivative Path, discuss how banks can balance risk and reward by analyzing the risks they take in with specific customer requests and how derivatives can play a key role in risk management practices.
Tune in to hear more on both the challenges and opportunities banks face in today’s volatile market.
In the “Living the Trade Lifecycle” podcast, Stefanie Coleman, Principal, People Advisory Services, Ernst & Young LLP, speaks to DerivSource’s editor, Julia Schieffer about recent trends impacting the workforce including challenges both employees and employers face. Drawing in part on the results of the recently published “2022 Work Reimagined” survey from EY, Coleman shares views into how companies are extending their search to new talent pools, balancing a new agile working environment and the flexibility that employees have come to expect and thus, is essential for competitive edge.
Hersh Shefrin, author, Mario L. Belotti Professor of Finance at Santa Clara University, and a pioneer in the behavioural approach to economics and finance, speaks to DerivSource editor, Julia Schieffer, about the interconnectedness of behavioural psychology and risk management. Tune into this episode of "Living the Trade Lifecycle" to hear about the tools and techniques that can be applied at an organisational level to address common psychological pitfalls, such as confirmation bias and excessive optimism, as well as the risks and limitations with technology, such as AI.
Keahn Gary, Senior Manager at Cognizant Research speaks with DerivSource Editor, Julia Schieffer about how to make hybrid working WORK for everyone. Tune in to hear more about some of the tactics managers and companies can adopt to customise work experiences and better manage a global team in a new hybrid environment.
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Additional resources:
More info on benchmark reform:
http://www.elexica.com/en/resources/microsite/benchmarks-regulation
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The derivatives industry has been working to comply with uncleared margin rules or UMR under the BCBS/IOSCO framework since the first deadline back in 2016. But this year and next are big years for UMR in that the two next phases – phases 4 and 5 and category 5 in particular, captures a large number of firms across multiple business types. In this DerivSource podcast, we explore UMR the key elements of an UMR implementation plan with the help of margin expert, Chetan Joshi of boutique practitioner-lead consultancy, Margin Reform. Read related Q&A here.
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Financial market participants will be aware of the recent news surrounding EMIR REFIT as changes have been announced recently pertaining to trade reporting, CCP clearing and backloading. In this podcast, Pauline Ashall, partner at Linklaters, gives us a run through of the EMIR REFIT both the issues it was meant to address, the remaining unknowns and consequent challenges left for the financial market to contend with.
Listen here by hitting play or via the DerivSource iTunes channel. Or read related Q&A.
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The ISDA Common Domain Model (CDM) is a common digital representation of derivatives trade events and actions, which aims to improve the way derivatives are managed, from trade to processing while also establishing a standard foundation for the application of newer technologies such as distributed ledger or blockchain. In this podcast, we spoke to Ian Sloyan, director of market infrastructure and technology at ISDA, and Leo Labeis, co-founder and CEO REGnosys,outline the benefits and challenges of the new CDM model. Listen here (see below) or via our iTunes channel.
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Listen now
Pension funds have been exempted from central clearing obligations since the European Market Infrastructure Regulation (or EMIR) went into effect in 2012. Pension funds often lack the cash needed to meet collateral obligations under EMIR due to their low liquidity needs, and funds have argued successfully that posting the required collateral in cash to CCPs would harm their businesses unfairly.
Pension schemes’ current exemption is due to expire in August this year, and
European member states recently endorsed a further extension of the exemption from central clearing for pension funds, in line with a proposal made by the European Commission last May. It remains to be seen whether this extension will be for a fixed period as before or whether it will be open ended.
To find out more about the outlook for pension funds with regards to clearing, we spoke to Caroline Escott, who is the investment and defined benefits policy lead at the Pension and Lifetime Savings Association (or PLSA) for her input on this topic. Listen to the podcast or read our interview.
https://derivsource.com/wp-content/uploads/2018/03/DerivSource-Podcast-Pension-Funds-Mar-2018-FINAL.mp3
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The post Cyber Risk – Exploring Proposed Enhanced Risk Management Standards in Recent ANPR appeared first on Derivsource.
The number of CCPs has mushroomed in Europe and in this podcast we’re speaking to Jan Pieter...
The post How Can We Make CCPs Safer? appeared first on Derivsource.
Catalyst's Nadine Jatto offers and update on the status quo and possible future impact on clearing and more.
The post Brexit – A Look at the Status Quo appeared first on Derivsource.
We are working on some more podcasts on timely topics for our DerivSource listeners and readers. Please...
The post More podcasts coming! appeared first on Derivsource.
There is much chatter around the benefits of blockchain technology but in this podcast we explore why this technology might not be the panacea people make it out to be.
The post Blockchain – Not a Panacea appeared first on Derivsource.
What are the legal & regulatory issues in a post-Brexit derivatives space? We explore in the third part of our Brexit podcast series.
The post Brexit – A Look at Legal and Regulatory Implications and London’s Status as Financial Hub appeared first on Derivsource.
(Part 2 of Brexit Series) That fallout of Brexit will be far reaching although it is too...
The post Brexit – Exploring the Possible Impact on OTC Clearing appeared first on Derivsource.
A DerivSource podcast looks at how Brexit will impact recruitment and staffing for derivatives professionals working on London.
The post Brexit – The Impact on Recruitment in London (Part 1 of Brexit Series) appeared first on Derivsource.
A look at blockchain technology and the applicability to the bilateral OTC derivatives space.
The post Blockchain for Bilateral Derivatives: An Expert Weighs In appeared first on Derivsource.
This podcast looks at the potential impact of the UK leaving the EU on financial services and specifically financial regulation.
The post Brexit – Will Leaving the EU Create More Red Tape? appeared first on Derivsource.
GreySpark Partners recently published a report on Digital Transformation of Investment Banking which explores the emerging industrial...
The post Digital Transformation – What This Means for Investment Banking appeared first on Derivsource.
In a DerivSource podcast we review a recent test of the use of blockchain technology to manage the post-trade processing of credit default swaps.
The post Blockchain and OTC Derivatives – A Look at a Recent Test of this Technology for CDS appeared first on Derivsource.
A DerivSource Podcast explores how firms should be crafting compliance plans to be ready for MiFID II.
The post MiFID II: What Does An Effective Programme Look Like? Podcast appeared first on Derivsource.
What will the FRTB revisions mean for trading and derivatives?
The post FRTB – the Impact and Operational Challenges appeared first on Derivsource.
In this DerivSource podcast we examine if swap futures are failing to ignite interest among the buy side?
The post Swap Futures – are they Failing to Ignite Interest? appeared first on Derivsource.
Listed dividend derivatives which is an emerging asset class many market participants are incorporating into their hedging...
The post The Rise of Listed Dividend Derivatives appeared first on Derivsource.
Time is ticking for the CCP clearing mandate for OTC derivatives so asset managers must be registering...
The post CCP Clearing To Do’s – CCP Selecting and Getting Agreements In Order appeared first on Derivsource.
Regulation will continue to be a focus in 2016 as firms prepare for new OTC derivatives clearing...
The post DerivSource Industry Influencer: Eugene Stanfield (5 of Series) appeared first on Derivsource.
What should asset managers know as they prepare for OTC derivatives clearing? In this DerivSource Industry Influencers...
The post Preparing for EMIR CCP Clearing – A Buy-Side Firm Weighs in appeared first on Derivsource.
What are the challenges data managers in the OTC derivatives industry face in 2016? In this DerivSource...
The post Challenges Data Managers Face in ’16 and MiFID II Readiness appeared first on Derivsource.
What are the challenges asset managers in the OTC derivatives industry face in 2016? In this DerivSource...
The post 2016 – Concerns Over Possible Delays appeared first on Derivsource.
A look at the challenges firms face in 2016 including financial regulatory hurdles and obligations they should be preparing for in the coming year.
The post Regulations Buy-Side Firms Must Be Ready for in ’16 (Industry Influencer Series) appeared first on Derivsource.
Tell us what you want us to cover in our podcasts in 2016? Just a quick announcement...
The post We Will Be Back In January! appeared first on Derivsource.
An update on the CFTC exemptive program for non-US CCPs for OTC derivatives clearing and the implications on CCPs and swaps market participants.
The post CFTC Exemptive Program for Non-US CCPs – An Update appeared first on Derivsource.
A review of the key takeaways of a ICMA Centre's recently published.29th semi-annual European repo markets survey
The post Update on Euro Repo Markets: A Look into the Recent Market Figures appeared first on Derivsource.
Are you ready? Listen for insight on the challenges firms face how preparing for implementation for MiFID II and MiFIR.
The post MiFID II / MiFIR – Hurdles & Planning for Implementation appeared first on Derivsource.
Blockchain or bitcoin? Listen to understand the differences and how this new technology is evolving.
The post Unlinking Blockchain from Bitcoin appeared first on Derivsource.
A podcast exploring the results of a recent poll which found buy-side firms expect their derivatives volumes to rise but many lack the resources required to support expected growth.
The post Buy Side: Resources Required for Expected Growth in Derivatives Volumes appeared first on Derivsource.
How regulation is impacting pre-trade risk controls, trading platforms including ultra-fast field programmable gate array or FPGA.
The post Risky Business – Pre-trade Risk and the Role of FPGA in Derivatives appeared first on Derivsource.
[[{“type”:”media”,”view_mode”:”media_large”,”fid”:”1576″,”attributes”:{“alt”:””,”class”:”media-image”,”height”:”173″,”style”:”display: block; margin-left: auto; margin-right: auto;”,”width”:”480″}}]] The Basel Committee’s proposed consultation on the Fundamental Review of the...
The post BCBS 265 – the Impact on Treasury Operations and Risk appeared first on Derivsource.
In this DerivSource podcast we discuss XVA pricing adjustments and their role in risk management and profitability.
The post XVA Pricing Adjustments – its Role in Risk & Profitability appeared first on Derivsource.
Big data is more than just a trend - it is essential for firms to manage the data required for regulatory compliance.
The post Big Data – Challenges, Opportunities & Regulatory Compliance appeared first on Derivsource.
A look at cyber risk and how financial institutions can establish cyber security plans in a DerivSource podcast
The post Cyber Risk & Cyber Security appeared first on Derivsource.
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Recent research from global recruitment firm Robert Walters revealed the number of permanent financial services roles in London is up 80% from last year but also that there is a skill shortage across the City.
In a podcast, DerivSource’s editor, Julia Schieffer speaks to James Murray of Robert Walters about some of the trends impacting the jobs market in London for derivatives professionals including those working in change management within derivatives operations, risk and regulatory compliance.
Listen to this quick podcast or read the podcast.
The post Change Management Roles – Trends Impacting Jobs in London appeared first on Derivsource.
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The past two years has seen several futures commission merchants or FCMs withdraw from the clearing space due to tighter regulation and higher costs. Non FCMs are taking up the slack but questions remain over whether they can fill the gap and if the trend undermines the development of the OTC derivatives market. In this DerivSource podcast we speak to Gerry Turner, executive director of Object Trading who discusses the changing FCM model, the new players and evolving OTC derivatives market.
In this audio interview Gerry Turner explores:
- Over the past two years, several banks have closed their OTC clearing units over the past 18 months. What have been the drivers?
- How is the business model changing and what type of services do FCMs need to provide to remain competitive?
- Does the current environment spell the end of the universal model and the rise of the local, specialised FCMs?
- What impact does the retreat of the FCMs have on the business? Could it seriously undermine the evolution of OTC clearing?
- What type of non-bank FCMs do you see filling the gaps left by FCMs?
- What are the challenges they face?
Listen to this audio podcast or read the transcript below.
The post FCMs – How the Business Model is Changing appeared first on Derivsource.
WMBA's Alex McDonald discusses the issues (capital, liquidity and regulatory) that have dominated 2015 so far.
The post 2015 Half Year Update with WMBA’s Alex McDonald appeared first on Derivsource.
A DerivSource podcast explores the different impact CSDR and EMIR will have on the technology and operations of CSDs and CCPs
The post CSDR & EMIR – the Impact on CSDs & CCPs appeared first on Derivsource.
[[{“type”:”media”,”view_mode”:”media_large”,”fid”:”1527″,”attributes”:{“alt”:””,”class”:”media-image”,”height”:”173″,”style”:”display: block; margin-left: auto; margin-right: auto;”,”width”:”480″}}]]A look at how both electronic trading and voice trading methods are...
The post Electronic Trading vs. Voice Trading appeared first on Derivsource.
A podcast with Derivati's Jaki Walsh addressing question on asset segregation models for cleared OTC derivatives
The post Asset Segregation Models: Your Questions Answered appeared first on Derivsource.
Bitcoin derivatives: a quick update and predictions for what might happen next
The post Bitcoin Derivatives: Trendy or Gaining Traction? appeared first on Derivsource.
The quest for derivatives regulatory harmonisation - where we are now and where to go from here.
The post Regulatory Harmonisation – Stumbling Blocks and Moving Forward appeared first on Derivsource.
A look at some of the criticisms outlined in the white paper and the proposed pro-reform agenda.
The post Scrutiny over SEF Rules: CFTC Commissioner Giancarlo’s Whitepaper appeared first on Derivsource.
A podcast that look at the recent proposals for CCP recovery & continuity in the cleared derivatives industry
The post What If a CCP Fails? appeared first on Derivsource.
A podcast exploring how MiFID II impacts trade reporting and some of the challenges firms may face as they work towards compliance
The post MiFID II Trade Reporting – Understanding Requirements & Challenges appeared first on Derivsource.
In this 15 minute DerivSource podcast we offer our listeners a quick review into the themes that...
The post 2015 Year in Preview appeared first on Derivsource.
In this DerivSource podcast we provide a quick recap of the major milestones that took place in...
The post 2014: Year in Review appeared first on Derivsource.