Central clearing of OTC IR derivatives – a blessing in disguise?

Regulatory changes such as mandatory central clearing of OTC interest rate derivatives pose major challenges for pension funds. This webcast discusses some of these challenges and explores what opportunities might be derived from these changes. Industry experts will tackle operational readiness for switching from a bilateral to a centrally cleared model, the access to raise intra-day cash variation margin, and best execution on behalf of the end clients. • Review of regulatory aspects: What is in scope? What happens with historical positions? Which role does the end of the time-limited equivalence for UK CCPs play in this context? • Evaluation of operational impacts and funding challenges: Is repo market access a prerequisite for PSAs in a centrally cleared world? If so, what should they consider? What is expected from central banks regarding backstop liquidity? • Strategic opportunities from central clearing: How can you achieve greater efficiencies and savings? How has market liquidity evolved? Panellists: – Annarita Tonet, Policy Officer, Directorate-General for Financial Stability, Financial Services and Capital Markets Union, European Commission – Jan-Mark van Mill, Head of Treasury & Trading, APG Asset Management – Matti Leppälä, Secretary General/CEO, PensionsEurope – Matthias Graulich, Member of the Executive Board, Eurex Clearing Moderator: Brendan Maton, independent financial journalist PLEASE NOTE: This webcast is being held under the Chatham House Rule. Please do not quote the speakers or reference the webcast without written permission from both the speakers and Eurex.