Clifford Chance

Client registration: from 4:30pm BST
Event: 5:00pm - 6:00pm BST
Venue: Clifford Chance, 10 Upper Bank Street, Canary Wharf, E14 5JJ

Credit protection is as old as banking itself, but in recent years it has taken on a new significance. The recognition of credit risk mitigation for regulatory capital purposes has been a market preoccupation for over two decades, accelerated by the financial crisis in 2008 and successive subsequent market stresses, not least Covid.

Timothy Cleary and Charles Morris of Clifford Chance, authors of the first comprehensive treatment of credit risk mitigation and synthetic securitization – written by and for lawyers, but focusing on the prudential regulatory treatment, will discuss its terms. Not only will this appeal to lawyers engaged in banking and securitization work, but to anyone curious to understand how the financial markets and the regulatory system have developed and the direction they will take..