Note: Remarks of all speakers will be simultaneously transmitted in Japanese and English.
Registration and Continental Breakfast
Welcoming Remarks Scott O’Malia, Chief Executive Officer, ISDA
Keynote Address Rostin Behnam, Commissioner, U.S. Commodity Futures Trading Commission
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
Eric Litvack, ISDA Chairman, Managing Director, Head of Regulatory Strategy, Société Générale Global Banking and Investor Solutions
Cleared vs Non-cleared Derivatives The margin rules for non-cleared derivatives were explicitly calibrated by regulators to encourage a shift to central clearing. But with clearing activity running ahead of the mandates, is it time to assess whether those incentives are set at the right level?
Analysis of cleared and non-cleared activity
Results of incentives to clear study
The levers used to encourage clearing – The margin compliance threshold and MPOR
Results of the latest ISDA margin survey
A Cross-border 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?
Progress in the implementation timetable
Where might divergences emerge?
Results of the industry’s capital impact study
The industry’s view on the Fundamental Review of the Trading Book (FRTB)
Brexit – What Will Happen to My Contracts? Cross-border contracts may need to adapt post-Brexit, while existing contracts may face their own challenges until maturity. Operational complexities will be created for firms in both the UK and EU, in both cleared and uncleared products. How is the industry responding?
How will cross-border contracts be affected?
Possible contractual and legislative solutions
Impact on the ISDA Documentation
Impact on cleared trades
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, starting with collateral documentation.
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?
Agenda is subject to change
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