EMIR

This programme is only available on in-company basis. Please, contact us for more information

Course Description

EMIR introduces a number of complex issues and creates challenges and risks on one side and opportunities on the other side for all market participants, mainly banks, asset managers and other financial services firms, i.e. custody and financial advisors.

 
During this one day introductory course you will have a chance to learn about the key elements of the new regulation as well as opportunities and challenges that come with it. 
 
Course level: Introductory

What Will You Learn

By the end of this course you will:  

  • Understand the background to EMIR and the regulation’s key elements
  • Be able to place EMIR in the context of other major regulations including Basel III, Dodd-Frank and MIFID
  • Explore the implications for clearing, reporting and risk mitigation of OTC derivatives
  • Become aware of challenges and opportunities
  • Identify the right risk management procedures
  • Assess the impact of EMIR for your organisation / business

 

You may be interested in:

Main Topics Covered During This Training

  • Why EMIR?
  • Addressing the interconnectedness in OTC derivatives markets
  • EMIR and other key regulatory developments: Basel III / CRD IV, Dodd-Frank and MIFID
  • ESMA - European Securities and Markets Authority
  • EMIR objectives and implementation timeline
  • Subject matter, scope and definitions
  • Clearing, reporting and risk mitigation of OTC derivatives
  • Key challenges: valuation (mark-to-market, mark-to-model, collateralisation)
  • Risk management procedures
  • Authorisation of Central Counterparties (CCPs) 
  • Other provisions
  • Key challenges, opportunities and risks for asset managers, securities services, banks and financial advisors
 

Who Should Attend

  • Chief Operational Officers (COOs)
  • Chief Investment Officers (CIOs)
  • Risk Managers
  • Compliance officers
  • Finance staff: Accounting, Reporting
  • Operations executives: Clearing & Settlement, Collateral Management  
  • Auditors
  • IT staff 

In-company, call us for more information

Delegates have to be from the same company and register at the same time in order to claim the discount.

EMIR - The European Market Infrastructure Regulation

A 1 Day Programme

Registration - 9.15

Course starts - 9.30

Introduction – Why EMIR?

  • Addressing the interconnectedness in OTC derivatives markets
  • Weaknesses exhibited during the crisis
  • Regulatory response (Europe, United States)
  • Endorsement G20
  • EMIR and other key regulatory developments
             - Basel III / CRD IV
             - Dodd-Frank
             - MIFID
  • EMIR Implementation in the EU
             - ESMA - European Securities and Markets Authority
             - EMIR Objectives
             - ŸEMIR Implementation Timeline
 
 
Subject Matter, Scope and Definitions
 
  • Subject matter and scope
  • Key definitions
  • Intragroup transactions
 

Clearing, Reporting and Risk Mitigation of OTC Derivatives

 

  • Clearing obligations
  • Clearing obligation procedure
  • Public register
  • Central Counterparties (CCPs)
             - What is a CCP?
             - Access to a Central Counterparty
             - Systemic risk of a CCP
  • Reporting Obligations
             - What? How?
             - Reporting to a Trade Repository
             - Record keeping
             - Ensuring consistency of reporting
             - Format
             - Key challenges: valuation (mark-to-market, mark-to-model, collateralisation)
  • Non-financial counterparties
  • Risk mitigation techniques for OTC derivative contracts not cleared
             - Risk management procedures
             - ŸCounterparty risk
             - Operational risk
             - Netting
             - ŸCollateralisation
 
Authorisation of Central Counterparties (CCPs)
 
  • Conditions, procedures
  • Capital requirements
  • Procedures
  • Third-country (outside EU) CCPs
 
Requirements for CCPs
 
Key challenges, opportunities and risks
 
Wrap-up / Final Remarks / Q&A
 
End of Programme - 4.30 p.m.
The trainer is uniquely qualified Senior Project Manager with over 15 years experience in leading critical, high profile, complex Business & Regulatory driven change programmes within the top tier Investment Banks and Wealth Management institutions which included Citi Bank, JP Morgan, Bank of America Merrill Lynch, Coutts Wealth Management to name a few. 
 
The regulatory programmes delivered successfully included Anti-Money Laundering (AML), KYC, Client Suitability, Regulatory Reporting Transaction Reporting (MiFID, MiFIR, EMIR), Client Money (CASS)), Basel III Intraday Liquidity reporting, Dodd-Frank Dodd, OCC Article XI (Risk Assessment) and LIBOR. 
 
The trainer is a motivational leader, experienced in managing multi-disciplinary teams of 60 located globally, driving and delivering initiatives with budgets from £1m to £35m; delivered the entire project life cycle; has a deep understanding of the full business trade cycle (Sales, Trading, Operations, Treasury and Accounting), have sound commercial and technical knowledge of all Capital Market asset classes (Fixed Income, Equity, FX and Derivatives), Regulatory and Compliance. 
 
The trainer has number professional Practitioner level certificates in Programme & Project Management (PRINCE 2, MSP, Agile, PMO); Chartered Institute for Securities and Investment (CISI) Certificate in Regulations & Compliance, Stock Exchange Foundation Certificates in MiFIR (distinction), MiFID & EMIR. He also hold number of academic qualifications including MSc master's degree in Business Analysis & Design, BA (Hons) degree in Pure Mathematics and is a qualified teacher with a Post graduate PGCE Teacher degree in Mathematics Education from Institute of Education, University College London, London University. 
EMIR <p>EMIR introduces a number of complex issues and creates challenges and risks on one side and opportunities on the other side for all market participants, mainly banks, asset managers and other financial services firms, i.e. custody and financial advisors.</p> <div>&nbsp;</div> <div>During this one day introductory course you will have a chance to learn about the key elements of the new regulatio ... In-company