Vancouver, Dublin – September 19, 2012
Risk professionals from global financial organizations met on September 13th, at a FINCAD sponsored seminar in London, to discuss the impact of counterparty credit risk on the derivatives market. Panellists included Heads of CVA Frank Gerhard of UnitCredit, Andrew Green of Lloyds, and David Murphy of Societe Generale.
This seminar was held to evaluate how Counterparty credit risk (CCR), which has been growing in importance since the financial crisis, has affected the derivatives industry and what trends are expected in the future. Conversation centred around the impact of central clearing on derivatives usage and management, new pricing paradigms related to CCR, such as OIS discounting, CVA, DVA and FVA, as well as the effect of the upcoming Basel III regulations around CVA.
"With many upcoming regulations including Basel III soon to be implemented, counterparty credit risk is top of mind for many risk professionals. Those in the industry need to be aware of current and future trends and what that means for risk management," says Bob Park, CEO and Director, FINCAD. "Meetings like this are invaluable to the finance community as they provide opportunities for professionals to learn from each other and assess where the market is heading."
Attendees included CCR Specialists, Regulatory and Risk Analysts, and Vice Presidents from leading banks, asset managers, and audit firms.
Founded in 1990, FINCAD provides advanced modeling solutions built on award-winning, patent pending technology. With more than 4,000 clients in over 80 countries around the world, FINCAD is the leading provider of financial risk analytics technology, enabling global market participants to make informed hedging and investment decisions. FINCAD provides software and services supporting the valuation, reporting and risk management of derivatives and fixed income portfolios to banks, corporate treasuries, hedge funds, asset management firms, audit firms, and governments. FINCAD Analytics can be accessed through Excel, MATLAB, as a Software-as-a-Service or embedded into an existing system through software development kits. Now, over 70 FINCAD Alliance Partners embed FINCAD Analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland, and Vancouver, Canada. www.fincad.com