CMCAS Presents

Focus on Clearinghouses: 

Current Risks, Margin Frameworks and Future Trajectory

 

Date: Thursday, March 25, 2021

Time: 1:00pm - 2:00pm ET 

 

 

**PLEASE CLICK HERE TO REGISTER ONLINE**

 

 
 
Clearinghouses and associated themes on risk and margin frameworks have been top-of-mind for risk professionals as we navigated markets, volatility and liquidity throughout 2020-21. Please join us for a timely session that covers current themes and future trajectory in this critical sector. Topics will include:

 

·      CCP Margin Pro-Cyclicality

 

·      COVID Clearinghouses Lessons Learned

 

·      Impact of Retail Investing

 

 
 
Confirmed Speakers Include:

Nicolas (Nico) Friedman, Managing Director, Head of Global Markets Credit Risk, Goldman Sachs

Nico is the head of Global Markets Credit Risk. He is co-chair of the Clearinghouse Risk Council and the Retail Loan Policy Committee. Nico is also a member of the Global Markets Investment Committee, Firmwide Suitability Committee, Global Markets Risk Council and Reputational Vetting Group.

 

Nico earned a BS in Biomedical Engineering from Ecole Centrale in Paris, France and an MBA from Columbia Business School in New York.

 

 

Giovanna Pomilio, Head of Credit Risk, London Stock Exchange Group

Giovanna Pomilio is currently the LSEG group head of credit risk. Previously, she was the LCH head of credit risk since 2013. Before joining LCH, she was a Managing Director and Head of EMEA Financial Institutions Credit Risk at Goldman Sachs. She has a finance degree from Bocconi University in Milan.

 

 

Robert Steigerwald, Senior Policy Advisor, Financial Markets Group, Federal Reserve Bank of Chicago

Robert Steigerwald is a Senior Policy Advisor in the Financial Markets Group at the Federal Reserve Bank of Chicago.

 

Robert began his career with Kirkland & Ellis, an international law firm based in Chicago, where he represented the Board of Trade of the City of Chicago, the Board of Trade Clearing Corporation and National Futures Association, as well as other clients in litigation, regulatory, and corporate matters. He later served as corporate legal counsel for a foreign currency clearinghouse and, later, a multicurrency payment vs. payment system for the settlement of FX transactions. Robert joined the Federal Reserve Bank of Chicago in 2000. His research focuses public policy issues relating to financial market infrastructures and financial regulation.

 

Robert is a graduate of the University of San Francisco School of Law (JD 1985) and the State University of New York at Stony Brook (BA 1979).

 

 Moderator:

Ross Josephson, Executive Director, Head of Counterparty Credit Risk Team Americas, Nomura

Ross Josephson heads Nomura’s Counterparty Credit Risk Team in the Americas. His group is responsible for managing credit risks arising across the Financial Institution, Financial Market Infrastructure (FMIs), Fund and Country Risk spaces. In this capacity, he helped implement the Clearing Risk Management programs in the Americas, and works in partnership with other regions to implement applicable Dodd-Frank and FMI / CCP requirements globally.

 

Prior to joining Nomura, Mr. Josephson worked for Bear Stearns & Co., Inc., where he covered counterparty portfolios In the Financial Institution and Mortgage sectors. He has 18 years’ experience in the industry.

 

Mr. Josephson holds a Bachelor of Arts in Economics from The University of Pennsylvania and an MBA from the Stern School of Business at New York University.

 

 

Thank you to our 2021 GOLD SPONSORS:

 

 

 

REGISTRATION INFORMATION

 

Online: www.cmcas.org

(Please sign in with your email address and password. If you forgot your password, please click the forgot password link and it will be emailed to you. If you never had a password, please enter Password1)

Email: cmcas@cmcas.org

Fax: 914-332-1541

Mail: CMCAS, 25 North Broadway, Tarrytown, NY 10591

 

REGISTRATION FEES:

 

CMCAS MEMBER RATE: $20

 

CMCAS NON-MEMBER RATE: $40

 

DISCOUNT RATE: RE-JOIN/JOIN AND ATTEND THE CLEARINGHOUSES PANEL PROGRAM ON MARCH 25, 2021: $70

 

 

If you join today, membership is valid until December 31, 2021.

 

Cancelation Policy: Fee refunded with cancelation until close of business day by Wednesday, March 24, 2021.

Cancelations subsequent thereto and no-shows are liable for payment.