Derivative markets continue to change at a rapid pace. From shifting regulatory requirements and evolving best practices in risk management, to complex new xVA pricing adjustments – the derivatives landscape changed substantially in 2013, and many practitioners are deliberating where they should focus their time and resources in 2014 to stay competitive and maintain profitability in their derivative businesses.
On Wednesday, February 5th, 2014 Cubillas Ding Research Director of the Securities and Investments Group at Celent, presented insights on the most important issues and trends driving the derivative markets for 2014, and joined Satyam Kancharla and Jim Jockle of Numerix in a panel discussion that discussed best practices in coping with some of the key industry changes.
Our panelists covered:
Progress of the regulatory agenda and emerging new competitive dynamics
Recap of capital markets regulations
Their impact on trading firms
Examining action levers in order to navigate industry changes
Outline key levers, where firms currently stand, and where they need to be
Action lever #1: Stress testing (including CCAR)
Action lever #2: CVA management
Action lever #3: Capital/RWA management
Action lever #4: Collateral efficiency
Action lever #5: Alternative technology delivery models
Featured Speakers:
Cubillas Ding, Research Director, Securities and Investments Group, Celent
Cubillas Ding is a research director in Celent's securities and investments practice and is based in the firm's London office. Mr. Ding's expertise lies in global financial markets, securities IT strategy, and enterprise risk management. His research focuses on market risk, credit risk, operational risk, and regulatory compliance, as well as the latest regulatory developments.
Mr. Ding has been widely referenced in the press, including Wall Street & Technology, Risk magazine, and Operational Risk & Compliance.
Before joining Celent, Mr. Ding held positions at Datamonitor as a senior analyst, at Euro RSCG Circle as a business consultant, at Hewlett Packard European Labs & Direct Marketing Association as a lead research analyst, and at Accenture's Financial Services Group as a consultant/manager.
Mr. Ding received a master's degree in international business from the University of Bristol and a B.Sc. in computer science from Monash University in Australia.
Satyam Kancharla, SVP Client Solutions Group, Numerix
Mr. Kancharla, as Chief Strategy Officer and Senior Vice President, is responsible for corporate strategy and currently heads the Client Solutions Group at Numerix. This group is responsible for Product Management, Financial Engineering and Business Analysis. Prior to this, he has served in various roles in Quantitative Software Development, Financial Engineering and Client Services at Numerix. Before transferring to Numerix in New York City, he was the CTO for Numerix Japan LLC in Tokyo, heading the Pre-Sales and Financial Engineering teams for Asia.
Prior to joining Numerix in 2003, Mr. Kancharla also worked with Merrill Lynch and GE Capital in Quantitative Finance and Product Development roles.
He holds an MBA degree from New York University’s Stern School of Business, an MSc degree in Applied Statistics and Informatics from Indian Institute of Technology, Bombay and a BScin Mathematics and Computers from the University of Mumbai.
Moderator: Jim Jockle, Chief Marketing Officer
Mr. Jockle leads the company's global marketing efforts, spanning a diverse set of solutions and audiences. He oversees integrated marketing communications to customers in the largest global financial markets and to the Numerix partner network through the company's branding, electronic marketing, research, events, public relations, advertising and relationship marketing.
Prior to joining Numerix, he served as Managing Director of Global Marketing and Communications for Fitch Ratings. During his tenure at Fitch, Mr. Jockle built the firm’s public relations program, oversaw investor relations and led marketing and communications plans for several acquisitions. He also oversaw the brand development of a new company dedicated to the enhancement of credit derivative and structured-credit ratings, products and services. Prior to Fitch, Mr. Jockle was a member of the communications team at Moody's Investors Service.
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