ERC Does The Intercontinental

If you don't already have your invitation to the next ICMA European Repo Council (ERC) meeting, it is being hosted by BNY Mellon in Paris on Wednesday, 14 September from 10.00 - 12.30 at the InterContinental Hotel - Le Grand Paris, 2 Rue Scribe.

The ERC promises that it will be followed by lunch and a BNY Mellon Thought Leadership discussion on the future of Central Counterparties and the increasing demand for collateral. But don't let that put you off. Paris can be great fun at this time of year, and it could be worth doing a bit of penance in a windowless, airless, crepuscular room in return for a day or two of high jinks.

The ERC boasts that it now has a packed agenda for the meeting. “In particular,” it trills, “we are very pleased that Ms. Gertrude Tumpel-Gugerell, ex-member of the Executive Board, European Central Bank, will provide the keynote speech on the topic of Eight years of support to integrate Europe's post trading. It adds that there will also be an update on the GMRA 2011 and on other market practice and regulatory issues.”

That AND a BNYM thought leadership paper? Need we say more?

“The event is open to all within the repo community and with so many discussion items relating to the future of the European Repo market we hope that you will be able to join us in Paris,” says the ERC.

It takes the opportunity to remind readers that ICMA ERC 2011 Professional Repo and Collateral Management Course will be held in London on November 21 and 22. “This course has run successfully for almost 10 years, but has been completely revised and updated to include the impact of the crisis on the repo market and the latest developments in clearing and settlement,” it says.

“Its unique mix of presentations by experienced practitioners, who are actively involved in the repo market on a day to day basis, and a sound theoretical explanation of the principles involved in this type of financing from ICMA Centre academics make it the market benchmark for all professionals starting out in the repo market. Registrations for this course will be open on the ICMA website shortly.”

For further information about the September meeting and for details on how to register, click here.

For any further information: [email protected]