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Ahead of the Curve

15 Episodes

25 minutes | Dec 13, 2022
Removing the Risk: Why a centralized risk calculation service has been adopted by the derivatives industry
In this episode we speak to Acadia’s Donal Gallagher Head of Quant Services, Stuart Smith, Co-head of Business Development for Risk & Data and Jake Ullman, Business Analyst as they discuss the reasons for the huge success of Acadia’s risk sensitivities service – IM Risk Generator. Impressively vast market data libraries, award winning technology and integration with firm’s margin systems has led to over half of all Phase 5 & 6 firms that are under Uncleared Margin Rules to utilize the service.   Listen time: 25 minsRecorded and produced by Lansons.
34 minutes | Aug 16, 2022
Unpacking the Agenda Part 2: Crypto, ESG, UMR
Episode 14 of Ahead of the Curve welcomes back Scott O’Malia, CEO of the International Swaps & Derivatives Association (ISDA). In a friendly, relaxed and truly enjoyable conversation with Acadia’s John Pucciarelli, Scott discusses some of the trending topics that emerged from ISDA’s AGM in May 2022 including Crypto and ESG, as well as providing insight into the final phase of Uncleared Margin Rules (UMR). Scott shares ISDA’s honest and open perspectives on the Bank of England’s PRA letter regarding the model governance of SIMM and some of the analysis undertaken.   Listen time: 34 minsRecorded and produced by Lansons
19 minutes | Jul 6, 2022
Collateral Validation: Demystifying the Complexity & Challenges
In this episode of Ahead of the Curve, Will Thomey, Co-head Business Development at Acadia together with Lis Hadingham, Business Development Director at Transcend discuss some of the challenges facing collateral receivers in light of regulations like Uncleared Margin Rules and more broadly the impact of the current macro-economic environment. They shed light on how firms are addressing the complexity of validating collateral posted on their behalf in custody accounts through better technology and smarter workflow. Listen time 18 mins Recorded and Produced by Lansons
14 minutes | Jun 29, 2022
The Evolving Risk Management Landscape: How to stay competitive in the post UMR world
Join Chris Walsh, CEO at Acadia as he discusses his vision for the future of the derivatives industry once all six phases of the Uncleared Margin Rules (UMR) are completed in September 2022. From the role of Acadia to the industry’s focus on optimizing initial margin and the growing importance of analytics, Chris shares his expertise and advice on how firms need to be increasingly proactive in their risk management strategy to remain competitive.Recorded and produced by Lansons.
24 minutes | Apr 28, 2022
Wrapping up the final phase of UMR: The crucial role of initial margin monitoring
Join Julie Mostefai and Pierre Mauchamp from BNP Securities Services as they discuss with David Radley at Acadia the timeframe for uncleared margin rules (UMR) Phase 6 compliance. They speak about the important role of initial margin monitoring to help firms save time and money on their regulatory journey and explain the benefits of the partnership between Acadia and BNP Securities Services for mutual clients.Produced and recorded by Lansons.
22 minutes | Feb 11, 2022
Moving forward with Backtesting: Unravelling European requirements for IM model validation
Join Deepak Sitlani, Partner at Linklaters and Robert Kirchner, European Head of Acadia’s Quantitative Services as they discuss initial margin model validation for firms under EMIR regulation. They unravel the latest RTS and explain why Backtesting is as important for firms under the uncleared margin rules today as it is in the future when the RTS comes into force. Find out what happens if a Backtest fails and how Phase 5 and 6 firms can be “regulatory ready”. Listen time 20 mins. Recorded and produced by Lansonswww.Lansons.com 
24 minutes | Jan 26, 2022
Open-Source Technology – What role can it have in the risk industry?
Join Acadia’s CEO Chris Walsh, Co-Head of Quantitative Services Roland Lichters, and Partner Scott Sobolewski as they sit down to dig deeper into the importance of open-source technology in derivatives pricing and risk analysis. They explore the value of investing in and utilizing open-source code and discuss some use cases for Open-Source Risk Engine (ORE) such as derivatives valuation, model validation and computing XVAs.  Discover how Acadia has used ORE for some of its risk services. We also bust some myths and misconceptions around releasing intellectual property as open-source helping to create transparency and community. Hear their perspectives on how ORE compares to proprietary in-house solutions and how they envision the future of open-source risk.Recorded and produced by Lansonswww.Lansons.com 
14 minutes | Nov 17, 2021
Below the Threshold – How Phase 5 & 6 firms can save time and money by monitoring initial margin
Join Jeff Rosen, Managing Director at Société Générale and Mark Demo, Head of Community Development at Acadia as they chat about the final phases of uncleared margin rules (UMR). Jeff provides an industry perspective on the progress of Phase 5 firms and highlights some of the pitfalls that Phase 6 firms should be aware of as they begin their preparations for September 2022.  However, the real focus of the podcast is on initial margin monitoring. Discover how firms can delay becoming operationally ready for UMR, saving them both time and money. This is an episode that Phase 6 firms shouldn’t miss. Recorded and produced by Lansonswww.Lansons.com 
31 minutes | Oct 25, 2021
Are you invested in agreement digitization?
Following an independent study and webcast, John Pucciarelli at Acadia, Audrey Blater at Aite-Novarica and Katie Morgan at LIKEZERO dig deeper into the benefits of firms adopting a data digitization strategy in this refreshing podcast. They explore the significant cost savings that the industry can realize of up to $1.19BN by eliminating redundant processes and digitalizing OTC Derivatives CSA agreements. They speak candidly about the research project that highlighted the overall lack of confidence and trust that some firms had in their organization’s data -  the very data that is required to drive business and trading decisions. And with an ode to Marty’s DeLorean, hear how our experts see the future shaping out.Recorded and produced by Lansonswww.Lansons.com 
26 minutes | Jun 9, 2021
A critical moment of industry change – the impact of SA-CCR Capital
The Standard Approach to Counterparty Credit Risk or SA-CCR is a new capital regulation that will create a series of prudential and market changes intended to make the financial system safer. Donal Gallagher, Co-Head of Quantitative Services at Acadia together with Justin Klug, President at Capitolis discuss both the challenges and the possibilities affected by this new regulation which will have a profound impact across all derivatives users.Recorded and produced remotely by Lansons.
46 minutes | Apr 28, 2021
Unpacking the Agenda: The Biden Administration, a new SEC Chairman, UMR Phase 5, LIBOR, and the digital future ahead.
Join us for a special extended episode of Ahead of the Curve as we sit down with derivative market leaders Scott O’Malia CEO of ISDA and John Shay Chairman of AcadiaSoft.  They discuss the agenda for the new Biden administration, the focus for the SEC under the newly sworn in chairman Gary Gensler, the Archegos default, Game Stop, the impacts and potential new reforms coming for capital markets and much more.  We also check in on UMR Phase 5 progress and the current landscape of LIBOR reform.  Hear their perspectives on the new office dynamics created by COVID, what is on the horizon for the derivatives industry and the move towards a more virtual and digital marketplace.
14 minutes | Feb 5, 2021
Transformation: What does this really mean for the Derivatives industry?
Join Chris Walsh, CEO AcadiaSoft as he discusses the firm’s recent acquisition of Quaternion – how the strengths, strategic and cultural fit of both firms will bring new capabilities to mutual clients in terms of managing risk in an optimized manner. Chris shares his excitement of the acquisition as a game changer for the future transformation of the Derivatives industry.  
33 minutes | Sep 11, 2020
Leaving Libor: The Road to Risk Free Rates
In this Episode of Ahead of the Curve, John Pucciarelli – Head of Industry & Regulatory Strategy at AcadiaSoft is joined by guest speaker Ann Battle, Head of Benchmark Reform at ISDA (International Swaps & Derivatives Association). Ann provides us with her expert insight into why we are transitioning from IBOR benchmarks towards RFRs (Risk Free Rates). This in-depth analysis is both educational and informative as John and Ann share the shortcomings of existing interest rate benchmarks and the benefits of moving towards a more robust and viable system that is not based on IBOR style panel bank rate submissions.
33 minutes | Jul 31, 2020
Crunch time: Why data standardization in OTC Derivatives matters
In this second episode of Ahead of the Curve, AcadiaSoft’s Chief Product Officer, Fred Dassori and Head of Product Management, Richard Barton are joined by Donal Gallagher, CEO at Quaternion Risk Management. They provide fresh insights into how data standards in OTC Derivatives can help to mitigate risk. Taking us on a journey that spans the evolution of data standardization from the financial crisis in 2008 to present day with some positive predictions for the future.Produced and Recorded by Lansons remotely.
20 minutes | May 28, 2020
Adapting to change – how crisis fuels innovation
In the first episode of Ahead of the Curve, AcadiaSoft’s Head of Community Development Mark Demo and Head of Industry & Regulatory Strategy John Pucciarelli discuss the ongoing impact of the Coronavirus on the financial industry and how crisis’ such as this often fuel industry innovation. They also take a look at how margin call volumes have changed during market volatility and offer their outlook on the major challenges ahead for firms in scope for phases 5 and 6 of uncleared margin rules.For more information about AcadiaSoft visit acadiasoft.comFollow us on LinkedIn for regular updatesProduced and recorded by Lansons. www.Lansons.com
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