Regulation of OTC Derivatives Providers

What is it about?

A regulatory framework for over-the-counter (OTC) derivatives, which providers of OTC derivatives will be required to comply with, is being put in place by South African regulators. The framework seeks to comply with international reforms initiatives including reporting OTC derivatives transactions to trade repositories; trading standardised OTC contracts on exchanges or electronic trading platforms; clearing standardised OTC contracts through central counterparties; and subjecting non-centrally cleared OTC derivatives contracts to higher capital requirements.

This one-day masterclass will assist participants to understand how the new regulatory environment for OTC derivatives impacts providers of OTC derivatives products and how to manage and mitigate the risk of non-compliance.

Outline

The topics to be discussed include

OTC derivatives in the context of financial markets
Why it was necessary to reform the regulatory framework for OTC derivatives
The international financial architecture and proposed OTC derivatives market reforms
Global regulatory measures such as legal entity identifiers and unique product and transaction identifiers
The principal elements of the regulatory environment for OTC derivatives in South Africa
Implementation dates, deliverables and concerns

Ingrid Goodspeed

Ingrid Goodspeed has over 30 years’ banking and financial markets experience in the areas of treasury, risk management, compliance, investment analysis, economic research and information technology. And 6 years at National Treasury as a financial sector policymaker.

Ingrid is currently a freelance financial sector analyst focussing on governance, risk and financial technology. Before that she was with National Treasury, Nedbank, Deloitte, Teba Bank (now Ubank), Absa Securities and Absa Capital. She was a COBOL and Assembler programmer and spent 8 years in the information technology division of a large bank.

Ingrid is a Chartered Director (SA) and Fellow of the South African Institute of Financial Markets (SAIFM). She holds an MBL (cum laude), a BCom Honours (Economics) and an LLB from Unisa.

She serves on a number of boards and trusts including the SAIFM, the Payments Association of South Africa, ASISA Enterprise and Supplier Development (Pty) Ltd, ASISA Foundation and Momentum Metropolitan ESD Fund.

Ingrid has published a number of books and articles.

Methodology

The masterclass will be offered online whereby a delegate whose attendance has been confirmed in writing will receive by email –

a copy of the power point slides to be used in the masterclass
a link to join the online masterclass at the set time

CPD

CPD for FAIS purposes
This masterclass provides verifiable CPD points in terms of the Determination of Fit and Proper Requirements for Financial Services Providers, BN 194 of 2017, provided that the content is appropriate for your role within the company. A certificate of attendance will be issued that could be submitted to your company’s compliance officer. The number of verifiable CPD hours will be up to 6 hours.

CPD for SAIFM members’ purposes
This masterclass provides verifiable CPD points in terms of the CPD policy of SAIFM provided that the content is appropriate for your current or future role within the company. A certificate of attendance will be issued, which should be retained and submitted should you be selected for a SAIFM member CPD audit. The number of verifiable CPD hours will be up to 6 hours.

Enquiries

All enquiries and bookings can be directed to Melissa Joao : melissa@saifm.co.za / 011 802 4768

DATE TBC

TIME 09H00 – 15H30

COST
SAIFM Full members pay R5051.95 per person (Inc. VAT)
SAIFM Affiliate members pay R5531.50 per person (Inc. VAT)

KINDLY NOTE: Closing date for bookings and receipt of payment is TBC

Please click here to view the workshop delegate terms and conditions.