Counterparty Credit Risk for Derivatives 2023 | The Certificate of Bank Treasury Risk Management | 8 February 2023 | Webinar
Venue
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| Event Date | Wed Feb 8 EST (almost 2 years ago) |
| Location | Webinar |
| Region | All |
Details
The webinar will discuss:
• Losses from the forced unwinding of collateralised equity swaps when a counterparty defaults can be a multiple of what is predicted by commonly used risk models and covered by initial margin;
• The spike in energy prices in August 2022 showed that banks had, as clearers of their clients, many billions at risk;
• The rise in UK gilt yields in September 2022 caused difficulties for UK FIs to meet their margin requirements arising out of their derivatives positions and required the BoE to intervene
Speakers
2023 Speaker
Kevin Liddy
Consultant, Solum Financial