Paul Bedford

Paul Bedford has been at the Bank of England for 12 years, nearly half of which has been spent working on market infrastructure.  His current role involves leading a team of risk experts tasked with examining the adequacy of UK CCPs’ margin models and stress-testing methods.  Prior to assuming this position, Paul led the Bank of England’s work to reduce risk in CCPs’ payment arrangements and contributed extensively to the regulatory technical standards that support EMIR as well as wider policy initiatives affecting CCPs in the UK and internationally. His career has also encompassed work on wholesale payment systems, policy responses to the TBTF problem in the banking sector and the institutional framework for resolving sovereign debt crises, as well as a spell at the Reserve Bank of New Zealand. Paul is expertly placed to discuss the placement of systemic risk relating to CCPs, their recovery and resolution, and how regulation is changing post-trade decision making.