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RiskMinds International
18 - 21 November 2024
InterContinental O2London

Ulrich Karl
Head of Clearing Services at ISDA


Ulrich Karl is head of clearing services at the International Swaps and Derivatives Association (ISDA), with responsibility for leading ISDA’s global clearing strategy. This includes issues related to central counterparty (CCP) risk management (resilience, recovery and resolution), margin procyclicality, the impact of Brexit on the clearing landscape, as well as clearing mandates (for products and counterparties), clearing access, capital charges for CCP exposures and related topics.

Before ISDA, Mr. Karl worked for HSBC, where he most recently served as co-head of CCP risk in the global markets division. While at HSBC, Mr. Karl served as the industry chair for ISDA’s clearing, risk and capital working group.

Mr. Karl holds a MSc in Electrical Engineering from Technische Universität in Darmstadt.

Agenda Sessions

  • Topical problems in clearing: procyclicality, porting and clearing capacity