Bruce has been actively involved in a range of regulatory matters relating to capital markets in recent years, particularly aspects of the Dodd-Frank Act relating to the FX markets. Historically, Bruce has extensive experience in the debt and derivatives capital markets, including representing end-users such as asset managers. During this session, Bruce will be providing a strong focus on clearing, where he will outline:

• What are the current stances of the CFTC and the EU on NDF clearing and what timetables are in place for clearing?
• Is a clearing mandate appropriate- what implications will this have on the market as a whole?
• What are the new rules for NDFs around non-cleared swaps and how will this impact how you trade?
• Margin requirements- What are the final un-cleared margin rules in place by the CFTC and when will they come into play?