Sixth Joint Conference on CCP Risk Management 2025
Organised by the Deutsche Bundesbank, the European Central Bank and the Federal Reserve Bank of Chicago
25 February 2025
Frankfurt am Main
– by invitation only –
Programme
- 8:30
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Registration and breakfast
- 9:25
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Welcome remarks
- 9:30
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Opening speech
Julian Reischle, Director General, Payment & Settlement Systems, Deutsche Bundesbank
- 9:45
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Session 1: Current topics in securities clearing
- Clearing Mandates in Securities Clearing: Experiences from the US Treasury clearing mandate and related discussions in other jurisdictions.
- Shortening the Securities Settlement Cycle: Global efforts to enhance efficiency and reduce risks from a clearing perspective.
- Tokenization and DLT: benefits and risks, as well as regulatory and technological challenges.
Moderator: Cindy Hull, Vice President and Head of Financial Markets Group, Federal Reserve Bank of Chicago
Panellists:
- Jacqueline Chezar, Managing Director and Deputy General Counsel, DTCC
- Froukelien Wendt, Independent Member of the CCP Supervisory Committee, ESMA
Further speakers to be announced
- 11:00
-
Break
- 11:20
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Keynote speech
Klaus Löber, Chair of the CCP Supervisory Committee, ESMA
- 11:40
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Fireside chat
To be announced
- 12:30
-
Lunch
- 13:30
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Session 2: Evolving market structure in clearing
- Evolving Market Structure: consolidation, vertical vs. horizontal integration and interoperability.
- One, Few, or Many CCPs: Clearing efficiencies vs. market fragmentation, concentration risk, competition.
- Clearing Services Across Borders: Strategic and regulatory considerations for efficient and integrated cross-border services.
Moderator: Fiona van Echelpoel, Deputy Director General Market Infrastructure and Payments, European Central Bank
Panellists:
- Erik Müller, CEO, Eurex Clearing
- Suzanne Sprague, Senior Managing Director & Global Head of Clearing and Post-Trade Services, CME
Further speakers to be announced
- 14:45
-
Break
- 15:00
-
Session 3: CCP Recovery and Resolution planning
- A Decade of Progress: Achievements and current priorities in CCP recovery and resolution planning.
- International Approaches: Past experiences and key developments in Europe and the US.
- Practical Considerations: Choice of tools, testing plans, and transitioning from recovery to resolution.
Moderator: Dirk Schrade, Deputy Director General Payments and Settlement Systems, Deutsche Bundesbank
Panellists:
- Nicoletta Giusto, Independent Member of the CCP Supervisory Committee, ESMA
- Jenny G. Traille, Senior Deputy Director, Division Complex Institution Supervision and Resolution, FDIC
- Ruth Smith, Executive Director, Resolution, Bank of England
- Sarah Crowley, ISDA
Further speakers to be announced
- 16:15
-
Closing speech
Piero Cipollone, Member of the Executive Board, European Central Bank
This programme may be subject to change without notice.
- Venue
-
ECB Main Building, Sonnemannstraße 20, 60314 Frankfurt am Main
Conference language
-
English
- Contacts