The impending EU CCP recovery and resolution regime and its impact on EU and non-EU firms

24 September 2020 • 10:00 AM - 11:00 AM ET • Webinar

On 24 September, representatives from Allen & Overy's Global Financial Services Regulatory and Bankruptcy practice in London and New York will provide an overview of the EU legislative framework for the recovery and resolution of CCPs operating in the EU, which has now been finalized. The aim of the framework is to reduce the risk of a CCP failing and to establish procedures for the resolution of a CCP that has failed in order to limit impact on the financial system and on public funds. The regime and the changes it will require to EU CCP practices will be relevant to all direct and indirect participants in EU CCPs.  The New York team will moderate and draw out the impact of the  EU CCP Recovery and Resolution Regime on US clearing members and contrast the EU framework with the US position for CCP bankruptcy and resolution under the CFTC’s proposed Part 190 bankruptcy regulations and other recovery and resolution initiatives for CCPs.”

Impending EU CCP recovery and resolution


Michael Sorrell, Associate General Counsel, FIA
Presenters: Kelesi Blundell, Senior Associate, Allen & Overy
Damian Carolan, Partner, Allen & Overy
Jonathan Cho, Senior Counsel, Allen & Overy
Knox Mcilwain, Partner, Allen & Overy
Deborah North, Partner, Allen & Overy
Date/Time: Thursday, 24 September 2020 | 10:00 a.m. – 11:00 a.m. ET

This webinar is intended for informational purposes only and is not intended to provide investment, tax, business, legal or professional advice. Neither FIA nor its members endorse, approve, recommend, or certify any information, opinion, product, or service referenced in this webinar. FIA makes no representations, warranties, or guarantees as to the webinar’s content.