K&L Gates Webinar: The Rise of the Derivatives Risk Manager, May 12 1 p.m. ET

On Thursday May 12, 2022, K&L Gates partner Michael W. McGrath will be speaking on a virtual panel for the Global Association of Risk Professionals (GARP) called “The Rise of the Derivatives Risk Manager.” As the US Funds Industry prepares for Rule 18f-4 under the Investment Company Act of 1940 there are many questions and potential grey areas to address before the compliance date of August 19, 2022. The requirements to compute fund level Value-at-Risk (“VaR”), adhere to associated limits, and complete stress testing and back-testing marks the first time that US registered fund regulation dictates the use of predictive models. Will this new regulatory playbook change how US registered funds use derivatives to achieve portfolio risk and return objectives? Derivatives risk management or leverage risk management? Convergence of buy-side and sell-side regulations? Harmonization of US and European regulations? Will carving out purchased options incentivize product innovation? Rarely does a new regulation in the US asset management industry generate so many questions and collaboration by the risk-taking side and risk management side as well as fund boards of trustees. The webinar will take place at 1:00 p.m. ET. Registration is available here.