8:15 AM

Registration and Continental Breakfast

9:00 AM

Opening Remarks
Scott O’Malia, Chief Executive Officer, ISDA

9:15 AM

Keynote Address
Cathie Armour, Commissioner, Australian Securities & Investments Commission 

9:35 AM

Fireside Chat with Guy Debelle, Deputy Governor, Reserve Bank of Australia
Hosted by: Scott O’Malia, Chief Executive Officer, ISDA 

10:00 AM

The Next Steps to Benchmark Reform
Work is progressing on initiatives to transition from interbank offered rates to alternative risk-free rates, but implementation initiatives across the industry are at an early stage. What steps should firms take to plan for benchmark reform, and what should they be doing now?

  • Key conclusions from ISDA’s IBOR Global Transition Report and Survey
  • Adoption of alternative risk-free rates – where are we now and where do we need to go?
  • Progress on identification and implementation of robust fallbacks

Moderator: David Lynch, Chief Executive Officer, Australian Financial Markets Association
Pieter Bierkens, CBA Group Interest Rate Benchmark Reform Lead, Commonwealth Bank of Australia
Jing Gu,
Senior Counsel, ISDA 
Helen Lofthouse,
Executive General Manager, Derivatives and OTC Markets, ASX Limited 
Alexander Lord,
Director, Assurance & Advisory, Financial Services, Deloitte Touche Tohmatsu 

10:50 AM

Morning Break

11:20 AM

Chairman's Remarks
Eric Litvack, ISDA Chairman, Managing Director, Head of Regulatory Strategy, Société Générale Global Banking and Investor Solutions

11:35 AM

Clearing Incentives, Systemic Risk and Margining

The margin rules for non-cleared derivatives were explicitly designed to promote central clearing and reduce systemic risk. But the run-up to their full implementation in September 2020 is raising questions about whether the rules are appropriately aligned with these goals. What are the major incentives to clearing? How does margining of non-cleared swaps factor in? What are the key challenges facing market participants as the Phase 5 deadline gets closer? Is the current threshold for inclusion in the rules risk-appropriate? What solutions should policy-makers consider?

Moderator: Steven Kennedy, Global Head of Public Policy, ISDA 
Adrian Lim, Executive Director, Regulatory Change Management, Global Markets, Commonwealth Bank of Australia
Additional speakers to be announced

12:25 PM

Luncheon

1:30 PM

Guest Speaker     

Sean Carmody, Executive General Manager, Risk & Data Analytics, Australian Prudential Regulation Authority

1:50 PM

A Global Capital Framework?
While the industry waits for the revised set of final rules for market risk from the Basel Committee, national regulators are working to implement the latest set of capital measures into local rules. How are national authorities approaching this, and to what extent will the rules be consistent, appropriate and risk sensitive? Is a truly harmonized capital framework achievable – and even desirable?

  • The industry’s view on the FRTB
  • Progress in the implementation timetable
  • Where might divergences emerge?
  • Results of the industry’s capital impact study

Moderator: Mark Gheerbrant, Global Head of Risk and Capital, ISDA
John Feeney, ISDA Board Member, Head of Conduct, Corporate and Institutional Bank, National Australia Bank Limited
Additional speakers to be announced

2:20 PM

Borderline
Progress has been made to make cross-border derivatives trading less challenging, with substituted compliance determines in some key areas, including CCP rules. What more needs to be done? Will events like Brexit hinder efforts to achieve equivalence across the globe?

  • Challenges and target areas for substituted compliance/equivalence
  • Implications of trading venue recognition between the US and EU
  • EU’s proposed rules on the supervision of third-country CCPs
  • Contract continuity post-Brexit
  • Impact of Brexit on the ISDA Master Agreement

Moderator: Keith Noyes, Regional Director, Asia Pacific, ISDA
Scott Farrell, Partner, King & Wood Mallesons
Julian Gillis, Senior Lawyer, Markets Legal, Australia and New Zealand Banking Group Limited
Paul Landless, Partner, Clifford Chance 

3:10 PM

Afternoon Break

3:40 PM

The Documentation Revolution
Derivatives processes are increasingly shifting to automated solutions, but legal documentation remains largely paper-based. A number of industry solutions are now under way to digitize the process of negotiating, executing and storing legal agreements, including the new ISDA Create platform.

Jing Gu, Senior Counsel, ISDA
Sonia Lim, Counsel, Linklaters

4:00 PM

Let's Get Digital...
How are derivatives market participants using new technologies in their business and what does the future look like? What areas are most susceptible to disruption and where is the biggest need for a technology transformation? How important are initiatives like the ISDA Common Domain Model to develop a standard for product data, events and processes, and how might it be employed in practice?

Moderator: Rishi Kapoor, Director, Public Policy, Asia Pacific, ISDA
Scott Farrell, Partner, King & Wood Mallesons
Jon Rout, Business Development Director, Asia Pacific, Digital Asset
Oliver Williams, Executive Director, Head of Product and Change Management, Asia Pacific, DTCC DERIVSERV
Additional speakers to be announced

4:50 PM

Conference Concludes

Agenda is subject to change

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- CONFERENCE VENUE -

InterContinental Sydney
117 Macquarie Street, Sydney, NSW 2000, Australia
+61 2 9253 9000