Public Lecture - Professor Steven L. Schwarcz, Duke University
‘Central Clearing of Financial Contracts: Should Regulators Expand its Scope?’
Professor Steven L. Schwarcz, Duke University
Abstract: Prof Schwarcz, the Stanley A. Star Professor of Law & Business at Duke University, will explain why central clearing of derivatives contracts can protect stability by reducing counterparty risk. He then will discuss the regulatory implications for deciding whether to extend central clearing to non-derivative contracts involving systemically important counterparties. The decision is important because the aggregate monetary exposure on non-derivative contracts greatly exceeds that on derivatives contracts.
Please register your interest to attend at firstname.lastname@example.org
There will be a drinks reception after the event from 6:00pm.