Clutch Group Supports ISDA's 29th Annual General Meeting in Munich
Munich, Germany (PRWEB) April 09, 2014 -- Clutch Group, an organization dedicated to delivering the professional services for law, is attending and exhibiting at the http://www..isda.org/ [International Swaps and Derivatives Association’s __title__ ] (ISDA) 29th Annual General Meeting in Munich, Germany, from the 8th-10th of April.
ISDA’s Annual General Meeting brings together senior figures in the derivatives and risk management industry. Now in its 29th year, the meeting will examine the role of derivatives and their value in the global economy, assess the impacts of regulation in the derivatives space, and discuss the future of the derivatives business.
The panels in this year’s meeting will explore a variety of topics, including how institutions are using derivatives to manage risk, the effects of regulatory capital changes on the derivatives market, developments in ISDA documentation and changes in credit derivatives definitions, and data quality and trade reporting.
“We are excited to be supporting ISDA’s 29th Annual General Meeting,” said Varun Mehta, Vice President of Legal & Compliance Solutions at Clutch Group. “With a variety of complex regulations impacting global financial institutions and their derivatives businesses, we’re focused on further developing our compliance and risk solutions to help banks better adjust to this new regulatory reality.”
Clutch Group, a global provider of risk and compliance solutions, works with top financial institutions to streamline their operations in the derivatives documentation space. Clutch’s Legal Agreement Extraction & Codification System (LAECS), a fully-managed service, automates the capture and reconciliation of key reference data for derivatives and other legal documentation, including, but not limited to, ISDA master agreements, credit support annexes, master repurchase agreements, and futures and options agreements. A number of global financial firms leverage the powerful data analytics features within LAECS to efficiently respond to evolving regulatory demands and to mitigate risk by acquiring a deeper insight into their existing documentation. In addition to LAECS, Clutch provides fully-managed remediation, re-papering, and consulting services for firms looking to improve the quality of their derivatives documentation.
About ISDA
Since its founding in 1985, the International Swaps and Derivatives Association has worked to make over-the-counter (OTC) derivatives markets safe and efficient.
ISDA’s pioneering work in developing the ISDA Master Agreement and a wide range of related documentation materials, and in ensuring the enforceability of their netting and collateral provisions, has helped to significantly reduce credit and legal risk. The Association has been a leader in promoting sound risk management practices and processes, and engages constructively with policymakers and legislators around the world to advance the understanding and treatment of derivatives as a risk management tool.
Today, ISDA has over 800 member institutions from 64 countries. These members include a broad range of OTC derivatives market participants including corporations, investment managers, government and supranational entities, insurance companies, energy and commodities firms, and international and regional banks. In addition to market participants, members also include key components of the derivatives market infrastructure including exchanges, clearinghouses and repositories, as well as law firms, accounting firms and other service providers.
About Clutch Group
Founded in 2005 by top attorneys from leading firms and business process pioneers, Clutch Group has grown to a team of legal, technology and process experts in five offices across three continents. Clutch was built from the ground up to help General Counsels more effectively manage problems within Fortune 500 companies. Clutch combines its expertise in harnessing technology, implementing process and focusing on fact development to deliver risk-measured, cost-optimized solutions for clients. Clutch Group has been consistently ranked as a top provider by industry research as well as client satisfaction since its inception and has been recognized by industry authorities including the New York Law Journal, International Association of Outsourcing Professionals (IAOP), Chambers Global, Frost & Sullivan, the Black Book of Outsourcing and Dun & Bradstreet. For more information, visit http://www.clutchgroup.com.
Mark Pasetsky, Mark Allen & Company, http://www.clutchgroup.com, +1 (212) 699-3756, [email protected]
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