Appointment as Academic Subject Matter Expert to the Derivatives Assessment Team

The Financial Stability Board (FSB), the Basel Committee on Banking Supervision (BCBS), Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO) have agreed to undertake an evaluation of the impact of the interaction of reforms on incentives to centrally clear over-the-counter (OTC) derivatives. Over 2017-18, the Derivatives Assessment Team (DAT) will undertake a review of the incentives for central clearing arising from the interaction of a number of post-crisis regulatory reforms (see attached background note for more information on the study). A previous study was published in 2014.

This DAT study is proposed to be carried out under the FSB’s framework for post-implementation evaluation of effects of the G20 financial regulatory reforms (“evaluation framework”). The study began in July 2017 and the final report will be completed in late 2018. 

The FSB seeks to appoint two academic subject matter experts to work with the DAT at interim stages of the study from September 2017 through to its completion in late 2018. These two experts would provide feedback on the methodological approaches, empirical analysis and preliminary findings to validate the study’s quality and objectivity.

The academics selected to provide feedback to the DAT should have demonstrated technical knowledge and expertise, including a strong publication record, in some or all of the following areas:

  • International prudential standards for financial institutions, particularly bank capital, leverage, liquidity and margining requirements and central counterparty (CCP) policy;
  • Financial institutions and markets, particularly OTC derivatives markets;
  • CCPs margin practices and the methodology for sizing their financial resources;
  • Business practices of those providing OTC derivatives clearing services; and
  • Empirical analysis/financial econometrics.

The FSB will review applications and select two academics in September.

Nominations (expressions of interest and a CV) should be submitted to the FSB at [email protected] by 1 September with “Academic Subject Matter Expert” in the subject line. For more information, please contact [email protected].