8:00 AM

Registration and Continental Breakfast

8:45 AM

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

9:00 AM

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

9:15 AM

Keynote Address
Hester M. Peirce, Commissioner, U.S. Securities and Exchange Commission

9:35 AM

Keynote Address

10:00 AM

Trading Places

There has been significant progress in implementing the global regulatory reform agenda, but what lies ahead? This panel will discuss proposed changes to trade execution rules, the CFTC’s Swap 2.0 initiative and the broader regulatory framework in the US.

10:50 AM

Morning Break

11:20 AM

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 compliance threshold and MPOR
  • Results of the latest ISDA margin survey

12:10 PM

On the Road to Paced Transition

Work is progressing on initiatives to transition from interbank offered rates to alternative risk-free rates. In the US, the ARRC has set out a paced transition plan, which includes trading of futures linked to the new risk-free rate and the launch of clearing services. What products are available, and how are market participants making use of them?

  • Progress in the ARRC’s paced transition plan
  • Key conclusions from ISDA’s IBOR Global Transition Report and Survey
  • Update on identification and implementation of robust fallbacks

12:55 PM

Lunch

2:10 PM

Guest Speaker
Christopher L. Culp, Research Fellow, The Johns Hopkins Institute for Applied Economics, Public Health, and the Study of Business Enterprise

2:30 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?

  • 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)

3:10 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
  • Implications of trading venue recognition between the US and EU
  • EU’s proposed rules on the supervision of third-country CCPs
  • Brexit

3:50 PM

Afternoon Break

4:15 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, starting with collateral documentation.

4:35 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?

5:15 PM

Conference Concludes

- REGISTRATION FEE* -
Member Non-Member
Early (ends Sept 6) $350 U.S. $450 U.S.
Regular $450 U.S. $550 U.S.

Registration fee is for one person to attend the entire event. Pass may not be split between multiple attendees.

GROUP DISCOUNT
Groups of three or more attendees from the same firm can receive a 20% discount on event registrations. To register your group, please email conferences@isda.org

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