Sources of operating risks

Relative frequencies

Frauds and errors

Some easy-to-apply principles

Middle Offices (organization, specializations, regulation)

cases studies (Kerviel and Madoff)

(Class taught by professor Frederic Jouneau)

Counter-party (or settlement) risk

CCP and GCM

Novation and Netting

Margin Calls

Resolution and waterfall

Clearing market European landscape

Bilateral clearing, Collateral Management, CSA

EMIR and Dodd Frank Act regulations

(Class taught by professor Frederic Jouneau)

Custodians (roles and services)

CSD (roles and services)

Central Banks' role and duties

Settlements principles and main phases

SWIFT messaging

Fails and suspends

Introduction to the Target 2 Security platform

(Class taught by professor Frederic Jouneau)