10:00 a.m.

Welcome and Opening Remarks

10:15 a.m.

Panel 1: Discussion of CCP Risk Management Subcommittee’s Recommendations for CCP Default Management

Facilitator:
Susan O’Flynn, Managing Director and Global Head of CCP Strategy, Governance and Optimization, Morgan Stanley

Key Speakers:
Gerald Beeson, Chief Operating Officer and Chief Financial Officer, Citadel
Dennis McLaughlin, Group Chief Risk Officer, LCH.Clearnet
Richard Miller, Consultant, American Council of Life Insurers

Recommendations:

I. Default Management: Coordination, Harmonization and Enhancement



A. Communication

B. Default Management Committees

C. Fire Drills

D. Auction Process

E. Customer Participation in Auctions



II. Porting

11:00 a.m.

Break

11:15 a.m.

Vote on CCP Risk Management Subcommittee Recommendations for CCP Default Management

11:45 a.m.

Break

12:00 p.m.

Panel 2:  A Regulatory Perspective on CCP Resilience - Presentation by
David Bailey

Facilitator:

Robert Steigerwald, Senior Policy Advisor, Financial Markets, Federal Reserve Bank of Chicago

Key Speaker:
David Bailey, Director, Financial Market Infrastructure, Bank of England

Main Topics:

I. Coordinated Default Management Exercises

II. Evolving Regulatory Policy on CCP Resilience and Recovery

1:00 p.m.

Closing Remarks

1:30 p.m.

Adjournment