Robert Steigerwald, Senior Policy Advisor at the Federal Reserve Bank of Chicago, examines the salient issues in default management, recovery, and resolution in CCPs.

The pandemic crisis highlighted both the importance of CCPs for financial stability and the need to future-proof them with an international policy framework, says Dr. Eva Hupkes, Head of Regulatory and Supervisory Policies at the Financial Stability Board.

CCPs in the EU remained resilient during the pandemic crisis. ESMA will now analyse what lessons can be learned from the crisis in 2020 and how its APC measures may be developed to further enhance CCPs’ resilience in handling potential future stress events, says Froukelien Wendt, member of the CCP Supervisory Committee at the European Securities and Markets Authority.

Is there value to a second 'Skin-in-the-Game'? Would raising it lead to more prudent Initial Margin Models? ICE's Chris Edmonds (Global Head of Clearing & Risk) and Ashwini Panse (Chief Risk Officer, North American Clearing Houses) give their views on the current CCP hot topics.

Mike McClain, Managing Director and General Manager of Equity Clearing and DTC Settlement Services at The Depository Trust & Clearing Corporation (DTCC), discusses the effort to shorten the U.S. settlement cycle for equities to T+1.

John McPartland has been a central banker, settlement banker, senior executive of two FCMs and deputy manager of a major CCP during a 45-year career in the industry

David Murphy, Prudential Policy Directorate, Bank of England

Michael McClain, General Manager of Equity Clearing and DTC Settlement Services, DTCC

Hamed Amini and Andreea Minca, J. Mack Robinson College of Business, Georgia State University and Cornell University, School of Operations Research and Information Engineering