About the course

The ongoing financial crisis has highlighted the need for more robust counterparty credit risk management procedures. Financial intuitions across the board should be committing resources to improve internal process and systems in this area

The ever changing landscape of counterparty credit risk means that up-to date information is essential for good business practice and this two day course aims to do that, with sessions covering pricing, modelling exposure, the management of wrong way risk and the development of central counterparties. We will also look at collateral management the paramount weapon for counterparty risk reduction. Leading international and local experts will address all the of the topics above.

“Since the collapse of Lehman Brothers in September 2008, counterparty credit risk management has assumed critical importance at both sell-side and buy-side institutions” David Kelly, Quantifi Solutions in Credit Magazine, 1 April 2010

LEARNING OUTCOMES:

• Discover why you need to measure your counterparty and what methodologies are available
• Learn how to understand your counterparties’ risks
• Hear about the lessons learnt from Lehman
• Understand the use of collateral and the issue with trading in different jurisdictions
• Discover the role of central counterparty clearing for OTC derivatives
• Develop effective measures to deal with wrong way risk