What would harmony among global regulators do for derivatives operations?
“I think the benefits of better harmonization is that it provides a degree of operational, legal and regulatory certainty for members of the industry, particularly those members affected by regulation or the regime that’s in place,” says Gabriel Suprise, senior Volcker compliance officer, AVP, for Bank of the West, in a video interview with FTF News.
“In the context of the panel I just moderated as it pertains to OTC, commodities or derivatives more generally, having a harmonized structure between different regulators presents an opportunity for uniform approaches, cost benefits for having a similar structure, a framework that can be utilized in one jurisdiction or another jurisdiction, and it doesn’t create fragmentation in a lot of circumstances, which is what a lot of firms, particularly operating on a global level, would want to see,” Suprise says.
Suprise took questions at FTF’s DerivOps North America conference in Chicago this past April. He was also the moderator for the panel on “Cross-Border Harmonization.”
FTF has slated the next DerivOps North America conference for May 6-7, 2019, again in Chicago at the JW Marriott.
Video Production: Janene Knox and William J. Poznanski, Jr.
Interview conducted by: Eugene Grygo, chief content officer, FTF News
Co-Producers: Sarah Hathaway, vice president, Financial Technologies Forum (FTF) and Eugene Grygo