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Blog Category: Regulation

February 27, 2020
Contemporary Trends in Model Risk Management
By Saqib Jamshed, OCC Senior Vice President, Model Risk Governance
"Model risk still is an extremely important component of a firm's operational risk profile. It deserves the utmost attention at the C-suite level, the Board of Directors, and regulators."
This is the logical next step in the evolution of model risk management practices as the frameworks underpinning them become more mature. What follows are some of the contemporary trends in model risk management gleaned from my interactions with peers at several financial services firms.
Categories: Compliance, Operational Risk Management, Regulation, Risk Management

February 27, 2019
Technology is the Foundation of Efficient and Effective Capital Markets
By John Davidson
The U.S. has the world's deepest and most liquid capital markets in part because it has the best and most innovative technology from a plethora of highly competitive users and providers. Within the market infrastructure industry, I see technology as an enabler of efficient and effective capital markets.
Categories: Clearing Services, Cyber Security, Market Efficiencies, Regulation, Risk Management

January 9, 2019
The Essential Components of The Risk Management Framework for CCPs
By Dale Michaels
Central counterparties (CCPs) like OCC have performed extraordinarily well during many stressful periods, including the financial crisis of 2008. This is due to the many clearinghouse innovations that have been put in place, including mark-to-market settlements, initial margin models, and default management processes.
Categories: Clearing Services, Regulation, Risk Management

October 29, 2018
The Importance of a Systemically Important Financial Market Utility
By John Fennell
John Fennell, OCC's Executive Vice President and Chief Risk Officer, explains OCC's role as a central counterparty within the current regulatory environment.
Categories: Clearing Services, Compliance, Regulation, Risk Management

August 29, 2018
OCC Enhances Resilience with Regulatory Approval of Recovery and Wind Down and Associated Recovery Tools
By John Davidson
OCC has received approval from the U.S. Securities and Exchange Commission of the company's proposed recovery tools and proposed recovery and orderly wind-down plan.
Categories: Clearing Services, Company Updates, Compliance, Regulation, Risk Management

April 26, 2018
A Decade After the Financial Crisis, These Lessons Can't Be Forgotten
By John Davidson
John Davidson, OCC President and Chief Operating Officer, shares six lessons from the financial crisis which are relevant for central counterparties, such as OCC, as well as other types of financial intermediaries.
Categories: Company Updates, Regulation, Risk Management

June 6, 2017
Providing Stability for the U.S. Listed Equity Options Market
By Craig Donohue
OCC Executive Chairman and CEO Craig Donohue discusses financial tax reform and the implementation of SA-CCR, and the potential impact such proposals could have on the listed equity options markets.
Categories: Company Updates, Market Efficiencies, Regulation

April 25, 2017
OCC Says Implementation of SA-CCR Important For Liquid and Orderly Listed Options Markets
By John Fennell
OCC Chief Risk Officer John Fennell discusses the implementation of the Standardized Approach for Counterparty Credit Risk (SA-CCR) and its potential impact on liquidity in the listed options markets.
Categories: Market Efficiencies, Regulation

March 16, 2017
OCC Educating Lawmakers on Potential Impact of Tax Reform on Listed Equity Options Market
By Craig Donohue
OCC Executive Chairman and CEO Craig Donohue talks about the potential impact of comprehensive tax reform on listed equity options markets.
Categories: Company Updates, Market Efficiencies, Regulation

November 2, 2016
Making the Case for Smarter Regulation of Centrally Cleared Markets
By Craig Donohue
Craig Donohue, OCC Executive Chairman and CEO, discusses the need for smarter regulation of exchange-listed U.S. options markets.
Categories: Company Updates, Regulation

July 19, 2016
The Importance of Compliance for OCC
By Richard Wallace
Richard Wallace, OCC Senior Vice President and Chief Compliance Officer, explains how the compliance landscape at OCC has evolved and how the organization proactively manages its regulatory demands, compliance requirements and stress testing.
Categories: Compliance, Regulation

June 17, 2016
Extension of QCCP Deadline Shows EC and SEC Are Working Together To Achieve Common Approach on Equivalency
By Craig Donohue
OCC recently commended the European Commission for its decision to extend the transitional period deadline for CCPs such as OCC to be recognized as QCCPs. Craig Donohue, OCC's Executive Chairman, discusses the importance of qualifying CCP status overseas. In addition to avoiding potential market disruptions, these rules also would also allow for impacted CCPs to further enhance their resiliency.
Categories: Clearing Equivalency, Regulation

May 31, 2016
An Advocate for the Listed U.S. Equities Options Industry
By Craig Donohue
OCC believes strongly in its purpose of ensuring confidence in the financial markets and the broader economy. Craig Donohue, OCC Executive Chairman, explains OCC's role in the industry and its commitment to being the foundation for secure markets.
Categories: Clearing Services, Compliance, DOL Fiduciary Rule, Regulation