Clearinghouse Risk, Reference Rates, and Cryptocurrency with Former CFTC Chair J. Christopher Giancarlo
Release Date: 09/03/2020
Financial Market Evolution from Herstatt Bank to Crypto
LaSalle Street
Listen to this episode for a discussion on some of the key events and decisions that have shaped global financial markets over the past five decades. Robert Steigerwald, senior policy advisor at the Chicago Fed, shares his front row view of the evolution of global markets—from the bankruptcy of Herstatt Bank in the 1970s to the emergence of digital money.
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Can Global Financial Markets Manage Climate Risk?
LaSalle Street
Global financial markets constantly factor in risks, such as cyber threats and the current pandemic. But is there something special about climate change that market participants are only starting to understand? This episode explores the emerging challenges of climate change risk with Robert Engle, professor emeritus of finance at New York University (NYU) Stern School of Business and recipient of the 2003 Nobel Prize in Economics, and Dick Berner, clinical professor of management practice at NYU Stern.
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Climate Change, the Housing Market, and Systemic Stability
LaSalle Street
Join experts from the Federal Reserve Bank of Kansas City and Tulane University for a discussion of the potential effects of climate change on housing market values and whether such risks could impact systematic stability. We discuss the potential effects of physical and transition risk on the housing market—and how that risk flows into financial markets through borrowers and lenders, investors and insurers.
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Insights on Cyber and Tech Risks in Finance
LaSalle Street
Explore cyber risks facing financial firms—and the strategies and technologies to manage them—with guests David Currie, chief information security officer at Nubank; Alonzo Ellis, chief information security officer at Vanguard Group; and host Ketan Patel of the Federal Reserve Bank of Chicago.
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Clearing: Perspectives on Industry Developments and Learnings from the Covid Crisis
LaSalle Street
LaSalle Street hosts a discussion with executives representing exchanges, swap dealers, clearinghouses and asset managers on the impact of the Covid crisis and what to watch for as the pandemic eases.
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The Women Shaping Global Derivatives Markets
LaSalle Street
Join us for a conversation on identity, gender and careers in finance with women shaping global derivatives markets. The guests discuss their own career paths, experiences with sexism and other forms of discrimination in the workplace, and the intersection of gender and the impact of Covid-19 on work.
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Climate Change Risk in Global Financial Markets
LaSalle Street
In this episode, we explore how climate change risk is impacting global financial markets now and what to expect in the future.
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Treasury Market Structure
LaSalle Street
In this episode, Darrell Duffie (Stanford) discusses stresses in the Treasury market with Lou Crandall (ICAP), Ken Garbade (published author), and Barbara Novick (Blackrock). This market has a huge impact across the financial system—from determining the borrowing costs for governments to serving as a key benchmark within the financial system to helping to keep credit flowing to people who need it.
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What Risk Managers from NASDAQ and Options Clearing Corp Learned From the Covid-19 Crisis: Perspectives on Resilience and Challenges During the Pandemic
LaSalle Street
LaSalle Street welcomes Roland Chai, Group Chief Risk Officer of Nasdaq Inc., and John J. Fennell, Chief Risk Officer of the Options Clearing Corporation, to discuss what Covid-19 is teaching us about risk management and global financial markets. The episode delves into operational risk management at central clearing counterparties, climate change and the biggest risks for the remainder of 2020. The discussion is hosted by Ketan Patel of the Financial Markets Group at the Federal Reserve Bank of Chicago.
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Clearinghouse Risk, Reference Rates, and Cryptocurrency with Former CFTC Chair J. Christopher Giancarlo
LaSalle Street
Christopher Giancarlo was on the frontlines of the biggest issues shaping global financial markets as the 13th chairman of the U.S. Commodity Futures Trading Commission. Known by some as "CryptoDad," Giancarlo visits LaSalle Street to discuss key issues he faced during his tenure and emerging issues shaping the markets today.
info_outlineThe Honorable J. Christopher (Chris) Giancarlo was on the frontlines of the biggest issues shaping global financial markets as the 13th chairman of the U.S. Commodity Futures Trading Commission (CFTC). Known by some as "CryptoDad," Giancarlo visits LaSalle Street to discuss his reflections a year after leaving the CFTC, key issues he faced during his tenure, and emerging issues shaping the markets today. The conversation includes discussion of clearinghouse risk and the work of the Financial Stability Board, the risks embedded in reference rates, and why regulators should be investing time in the future of digital currency.
This episode of LaSalle Street is hosted by Maggie Sklar, senior policy advisor and director of international engagement in the Financial Markets Group at the Federal Reserve Bank of Chicago. Prior to joining the Chicago Fed, Sklar held various senior leadership positions within the CFTC, including senior counsel to Chairman Giancarlo, associate director of the office of international affairs and senior counsel to Commissioner Mark P. Wetjen.
The views expressed on LaSalle Street are the speakers’ own and do not necessarily reflect the views of the Federal Reserve Bank of Chicago or the Federal Reserve System.