derivatives - what is that revolution?
TRANSCRIPT
#DERIVATIVES
¿what is that revolution?
Juan Manuel Lopez
VenturaLabs.coFintech | Regtech
what is coming to
LatAm?
why is itimportant?
how did the world change?
agenda
why is it important that we talk about this now?
“CREDIT DEFAULT SWAPS
(…) IN ADDITION TO
INSURANCE THEY ALSO
PROVIDE A LICENSE TO
KILL
-
- George Soros
Barings:
us$ 2 B
LTCM
us$ 6 B
the recent financial crisis cost about
us$ 34 trillion in US and EU
at the time of the last financial crisisthe outstanding derivatives
traded in the world was
us$ 600 trillion9 times the world GDP
– Basel
what is coming to
LatAm?
why is itimportant?
how did the world change?
agenda
what exactly is being done?
“All standardized OTC derivative
contracts should be traded on
exchanges or electronic trading
platforms, where appropriate, and
cleared through central counterparties
by end-2012 at the latest. OTC
derivative contracts should be reported
to trade repositories. Non-centrally
cleared contracts should be subject to
higher capital requirements.
G20:
Pittsburg, 2009
G20Financial
Stability Board
Group of Governorsand Heads of Supervision
Basel Committeeon BankingSupervision
Clearing
Margin
Capital
Reporting
Pre-Trade
Trade
Execution
Pos-Trade
Collateral
Management
Reporting
PRE-TRADE
Bank (sell-side)
SEF SDR
Bank (buy-side)
Customer
CCR DCO
SEF SDRCCP DCOBroker
Brokerantes:
TRADE
EXECUTION
POS-TRADE
COLLATERAL
MANAGEMENT
after:
before:
REPORTING
what is coming to
LatAm?
why is itimportant?
how did the world change?
agenda
what's coming to LatAmmarkets now?
Pre-Trade
Trade
Execution
Pos-Trade
Collateral
Management
Reporting
“is not about the destination is the
journey”
what is coming to
LatAm?
why is itimportant?
how did the world change?
agenda
summary:
• why is it important that we talk about this now?
• what exactly is being done?
• what's coming to LatAm markets now?
Juan Manuel [email protected]
Thanks¡¡
@lopezleonjuan /lopezleonjuan in/lopezleonjuan /lopezleonjuan
credits:
Slide 1: https://d33972ka1dfc7m.cloudfront.net/companies/logos/31001/GMAC-logo_500x500_thumb.png?1490196949, http://noticiasbancarias.com/wp-
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https://uniandes.edu.co/sites/default/files/logo-uniandes.png
Slide 5: http://sandiegofreepress.org/wp-content/uploads/2013/05/warren_buffett_derivatives_weapons_of_mass_destruction-01-1024x751.png
Slide 6: http://static4.businessinsider.com/image/5293c16969bedd0f57e01e27-1200/the-alchemy-of-finance-by-george-soros.jpg
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Slide 8: http://ecx.images-amazon.com/images/I/51R1ERPNTSL.jpg
Slide 9: http://creandoriquezaweb.com/wp-content/uploads/2017/01/como-comprar-acciones-de-wall-street.jpg
Slide 17: http://slideplayer.com/slide/5727208/19/images/28/ISDA/IIFM+Ta+hawwut+Master+Agreement.jpg
Slide 19: https://www2.isda.org/attachment/ODcwMA==/Infrastructure%20white%20paper.pdf
Slide 20: https://www.federalreserve.gov/newsevents/speech/yellen20130104_figure3.gif
Slide 21: http://people.ds.cam.ac.uk/ar808/assets/images/Network_NetFlows.png
Slide 23: https://media.timeout.com/images/101594229/image.jpg
Slide 29: https://twitter.com/, https://www.facebook.com/, https://qph.ec.quoracdn.net/main-qimg-1714929a97119ca71a0652d464b8a200,
https://screenshots.en.sftcdn.net/en/scrn/69682000/69682091/slideshare-08-535x535.png