Purpose / Background

This program will address the regulation and supervision of each stage of derivatives market transaction, commencing with the regulatory framework, types of derivative products and their characteristics, trading mechanisms, supervision and risk management, surveillance and clearing. There will be session on the new derivative regulatory reforms arising from the global financial crisis.  Both exchange–traded and OTC derivative regulatory and supervisory issues will be considered.  This seminar is ideal for those regulatory regimes considering launching a derivatives market or for those who need a broader understanding of the complete derivatives transaction chain.

Objectives

At the end of the workshop, participants will have learnt:

• various regulatory frameworks for different types of derivatives markets;
• impact of the new regulatory reforms on derivatives markets;
• different types of derivative products, their characteristics and regulatory framework;
• how to regulate the trading of derivatives products;
• how to supervise market intermediaries trading in derivatives products;
• derivatives pricing and management of risks;
• surveillance techniques to detect fraudulent transactions or manipulation in derivatives; and
• types of clearing systems and how OTC clearing will be integrated with central counterparty clearing.

Expected outputs

Case studies on managing risks, derivatives manipulation and broker/dealer fraud.

Target participants

This seminar is designed for individuals with a minimum of 4–5 years of financial regulation experience. 

Resource speakers

To be determined.