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| ASIA-PACIFIC
REGIONAL COMMITTEES
ISDA’s Asia-Pacific Offices in Hong Kong and Singapore cater for members based in the Asia-Pacific region (excluding Japan). Generally, but not exclusively, attention is focused on members active in Australia, Hong Kong, India, Indonesia, Malaysia, New Zealand, People’s Republic of China, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. In addition to participating in any of ISDA’s global committees (see: www.isda.org/c_and_a/ca_nav.html), members of ISDA based in the Asia-Pacific region are encouraged to address any regulatory, legal, market practice, and accounting issues that arise within the region through the following committees: Asia-Pacific Collateral Committee The Asia-Pacific Collateral Committee focuses on policy issues in relation to the increasingly widespread use of collateral as a credit risk management tool in connection with privately negotiated derivatives. The goal of the Asia-Pacific Collateral Committee is to promote the use of collateralization to identify and resolve problems in collateral management that may be specific to the region and to discuss market practice in regard to collateral practices. The Asia-Pacific Collateral Committee consists of active members based in the Asia-Pacific region. Asia-Pacific Commodity Committee The Asia Pacific Commodity Committee meets quarterly to discuss issues related to documentation developments for commodities and developing products, as well as operations and other topical issues in that space. The committee comprises documentation and operations practitioners and also focuses on educational efforts for practitioners on commodities and other developing products. Asia-Pacific Credit Derivatives Committee The Asia-Pacific Credit Derivatives Committee meets to discuss the use of ISDA’s credit derivatives documentation in the region and to consider local practices to the extent they are similar or different from business practices elsewhere. There has been some suggestion that further locally tailored credit derivatives documentation should be developed. The Asia-Pacific Credit Derivatives Committee is co-chaired as follows:
Asia-Pacific Legal and Regulatory Committee The Asia-Pacific Legal and Regulatory (“L&R”) Committee consists mainly of legal professionals. The L&R Committee discusses proposed changes to ISDA current Documentation library. In addition, the group monitors laws and regulations affecting members and/or derivatives markets in the Asia-Pacific region. As appropriate, ISDA will draw on members of the L&R Committee to draft submission letters to regulators on topical matters. Currently, there are two committees - the Hong Kong based L&R Committee meets on the last Tuesday of each month and the Singapore based L&R Committee meets on the last Thursday of each month. The Asia-Pacific Legal and Regulatory Committee is co-chaired as follows:
Asia-Pacific Operations Committee The Asia-Pacific Operations Committee focuses on back-office related issues, such as confirmation processing, automation, the use of ISDA Definitions and other operational issues surrounding new products. This committee is a subgroup of the ISDA's global Operations Committee and follows the developments in Europe and North America. The Asia-Pacific Operations Committee serves as a platform for Asia-Pacific members to discuss regional issues and also focuses on educational efforts within the Asia-Pacific region. The Asia-Pacific Operations Committee is co-chaired as follows:
Asia-Pacific Risk Management Committee The Asia-Pacific Risk Management Committee consists mainly of risk practitioners. Committee members receive a selection of regional updates and topical information related to ISDA’s Risk Management activities. This adds to the information made available to members of ISDA's global Risk Management Committee, which mostly follows developments in Europe and North America. The Asia-Pacific Risk Management Committee serves as a forum for regionally based members to discuss issues related to the impending Basel II Accord and also focuses on educational efforts within the Asia-Pacific region. Asia-Pacific Steering Committee The Asia-Pacific Steering Committee consists mainly of front office and business people. The Steering Committee aims to address market practice and business matters of topical concern and also determines the overall strategy and direction of ISDA’s activities in the Asia-Pacific region. The Committee reviews issues of general concern to ISDA’s Asia-Pacific based members and addresses these issues with the respective regulators or other organizations, where applicable. Country Specific Working Groups in Asia Due to regular interest and efforts in a number of key jurisdictions ISDA has set up Working Groups specific to these jurisdictions. The Working Groups address business and regulatory issues of importance to ISDA members active in this region. In view of enacted legislation and further regulatory initiatives, there are increased efforts in the region to address topical issues promptly and effectively. The focus of these Working Groups is on interacting with local regulators, members and other relevant market participants to familiarize them with ISDA, its documentation, global practices and other relevant matters through discussions, written submissions, meetings and seminars.
Some recent issues discussed by the above Committees:
2002 – 2008 Conferences and Seminars in the Asia-Pacific region: 2009 Conferences and Seminars in the Asia-Pacific region (schedule
subject to change):
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Last
Updated: July 1, 2009
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