May 10 – 12, 2021
Live Sessions, On Demand Content, Networking, Exhibitions & More
All sessions and recorded content will be available for replay on demand for all registered attendees.
MONDAY, MAY 10Times in EDT (unless otherwise noted) | Time Zone Converter |
Don’t miss the pre-AGM ISDA Accounting Symposium sponsored by EY on Tuesday, May 4
Click here to view the agenda and register
8:00 AM | Virtual Networking
|
||||
8:45 AM | Opening Remarks
Scott O’Malia, Chief Executive Officer, ISDA |
||||
8:55 AM | Countdown for LIBOR Transition
Market participants now have a clear timetable for when all 35 LIBOR settings will cease to exist or become non-representative. What is left for the industry to do, and what milestones need to be met? How will the mid-2023 deadline for most US dollar LIBOR settings affect transition planning?
|
||||
9:20 AM | Ready for Alternative Reference Rates
Liquidity is increasing in alternative reference rates as the derivatives industry shifts away from LIBOR and other interbank offered rates, but there’s still a long way to go. Will the industry be ready to use alternative rates by end-2021? What needs to happen to further build liquidity in these markets? Moderator: Ann M. Battle, Assistant General Counsel, Head of Benchmark Reform, ISDA
|
||||
10:05 AM | Break and Virtual Networking
|
||||
10:25 AM | Keynote Address
Ashley Alder, SBS, JP, Chairman of the Board, IOSCO; Chief Executive Officer, Securities and Futures Commission, Hong Kong |
||||
10:45 AM | Diversity and Derivatives
How successful has the derivatives market been in promoting diversity and recognizing leaders from minority groups? Moderator: Harleen Bains, MD and Head Macro & Spread Institutional Sales, Canada, RBC Capital Markets Panel presented in association with |
||||
11:30 AM | Break and Virtual Networking
|
||||
11:45 AM | Fireside Chat
Acting Chairman Rostin Behnam, Commodity Futures Trading Commission sits down with ISDA CEO Scott O’Malia.
|
||||
12:05 PM | Breakout Sessions:
|
||||
SESSION A
A to Z of the revised ISDA Definitions ISDA will shortly complete the 2021 Interest Rate Derivatives Definitions, a wholesale update to the 2006 ISDA Definitions. What will change, how will the modifications be implemented, and what will this mean for derivatives market participants? Moderator: Rick Sandilands, Senior Counsel, Europe, ISDA
|
|||||
SESSION B
Capital Models Benchmarking Basel III trading book capital requirements will see greater use of standardized approaches than ever before. These standardized approaches are much more risk sensitive than previously, involving more advanced calculations. This has prompted some firms to consider the use of benchmarking to ensure accuracy and consistency in their implementations. What does benchmarking involve and how does it work? Moderator: Panayiotis Dionysopoulos, Head of Capital, ISDA
|
|||||
12:45 PM |
|
||||
. | |||||
1:15 PM | Virtual Networking and Exhibition
|
||||
1:45 PM | End of Day 1
|
TUESDAY, MAY 11Times in EDT (unless otherwise noted) | Time Zone Converter |
. | ||
3:00 PM HKT
4:00 PM JST
|
Dealing with a Multi-rate Regime
Japan, like several other jurisdictions in Asia-Pacific, has opted for a multi-rate approach to benchmark reform, with the alternative risk-free rate co-existing alongside the local IBOR. With the timetable for the end of yen LIBOR now set, will TIBOR, TONA or the forward-looking term rate version of TONA (TORF) gain most traction? What impact will this have on market dynamics and liquidity? Moderator: Tomoko Morita, Senior Director and Head of Tokyo Office, ISDA
|
|
4:00 PM HKT
5:00 PM JST |
Developing China’s Derivatives Markets
Enforceability of close-out netting has long been number one on the wish list for derivatives participants active in China. What progress has been made – and what’s next on the industry’s wish list? Moderator: Jing Gu, Head of Legal, Asia Pacific, ISDA
|
|
|
||
8:00 AM | Virtual Networking
|
|
8:50 AM | Chairman’s Remarks
Eric LItvack, ISDA Chairman, Group Director of Public Affairs, Société Générale
|
|
9:00 AM | Keynote Address
Commissioner Mairead McGuinness, European Commissioner, Financial Services, Financial Stability and Capital Markets Union |
|
9:20 AM | Margin – Widening the Net
Firms have an overwhelming amount of work to prepare for phases five and six of the initial margin requirements for non-cleared derivatives, including getting their documentation in place and establishing custodial relationships. But broader issues also need to be addressed, including the margin calculation and call process, collateral eligibility and optimization, and dispute resolution. How are firms progressing with their preparations for phase five of the margin rules, and how are regulatory requirements driving operational efficiencies and use of digital negotiation tools? Moderator: Tara Kruse, Global Head, Infrastructure, Data and Non-Cleared Margin, ISDA Panel Sponsored by |
|
10:05 AM | Break and Virtual Networking
|
|
10:15 AM | ESG and Derivatives Markets
Environmental, social and governance (ESG) issues are top of mind today, with policymakers, industry groups, market participants and others engaged in initiatives ranging from disclosure to climate risk analysis to carbon trading. What is the current direction of travel for these and related developments? How are different jurisdictions approaching them and what are the prospects for a global consensus? How are derivatives markets affected by and adapting to the transition to sustainable economy and financial system? Moderator: Steven Kennedy, Global Head of Public Policy, ISDA
|
|
11:00 AM | Keynote Interview
Daniel Pinto, Co-President and Chief Operating Officer, JPMorgan Chase and CEO, Corporate & Investment Bank, JP Morgan talks with ISDA CEO Scott O’Malia about the challenges and opportunities in financial markets.
|
|
11:25 AM | Break and Virtual Networking
|
|
11:45 AM | Breakout Sessions:
|
|
SESSION A
Taking Action on Collateral Management Transformation There is significant scope to transform the collateral management process through operational improvements, data standardization and automation. This panel will set out the steps firms can take to realize those improvements, and explore how standards (Common Domain Model) and digital tools (like ISDA Create) can help produce efficiencies. Moderator: Amy Caruso, Head of Collateral Initiatives, ISDA
|
||
SESSION B
CCPs Under Stress: COVID, Auctions and Recovery & Resolution CCPs passed a stress test in 2020 during the COVID crisis. What did coronavirus tell us about central counterparty risk management frameworks? Are changes necessary? On the regulatory front, where is the discussion on auctions and recovery and resolution? Moderator: Ulrich Karl, Head of Clearing, ISDA
|
||
12:30 PM | Board of Directors Election / Financial Report **MEMBERS ONLY** |
|
12:30 PM | Virtual Networking and Exhibition
|
|
1:30 PM | End of Day 2
|
WEDNESDAY, MAY 12Times in EDT (unless otherwise noted) | Time Zone Converter |
8:00 AM | Virtual Networking
|
|
8:20 AM | Opening Remarks
Scott O’Malia, Chief Executive Officer, ISDA |
|
8:30 AM | The New Normal
Governments, central banks and regulators took decisive and critical action in response to the economic and financial turmoil caused by the coronavirus outbreak in March and April 2020. What have regulators and policy-makers learned from that period? To what extent did the post-crisis financial reforms help ensure resiliency of banks and the financial system as a whole? Are further policy responses necessary? Moderator: Scott O’Malia, Chief Executive Officer, ISDA
|
|
9:15 AM | Capital – Harmonization or Deviation?
Having been given an additional year to prepare for the final Basel standards because of the coronavirus outbreak, the US, EU and others are working to finalize national rules. What approach will legislators and regulators take in order to balance financial stability and economic development, and to what extent will local rules be consistent with the final Basel framework? What impact will the rules have on banks in those jurisdictions? Speakers to be Announced
|
|
10:00 AM | Keynote Address
Andrew Bailey, Governor, Bank of England
|
|
10:20 AM | Break and Virtual Networking
|
|
10:40 AM | Keynote Address
José Manuel Campa, EBA Chairperson, European Banking Authority (EBA)
|
|
11:00 AM | Digitizing Derivatives
The coronavirus pandemic and the shift to remote working has highlighted challenges associated with the existing infrastructure and the reliance on paper documents. Market participants are increasingly looking to technology to provide the answer. According to a recent ISDA survey, 96.6% of respondents said they supported an ISDA objective to develop standards and digital formats for documentation and other services in order to support automation. What steps have been taken, and what else needs to happen to further digitize the derivatives market? Moderator: Katherine Tew Darras, General Counsel, ISDA Panel Sponsored by |
|
11:45 AM | Break and Virtual Networking
|
|
12:00 PM | Derivatives and SFTs
Financial institutions are searching for ways to overcome squeezed margins by improving efficiency and reducing costs. Greater alignment and standardization between derivatives and securities financing transaction markets could help achieve that – but what would this entail? Moderator: Mark New, Senior Counsel, Americas, ISDA
|
|
12:45 PM | Virtual Networking
|
|
1:45 PM | End of ISDA AGM
|
Agenda is Subject to Change