ISDA Conferences

International Swaps and Derivatives Association, Inc. (ISDA®)

2008 ISDA Regional Member Conference
With a Focus on the New Market Landscape

Members Only

CANCELLED

1.5 CLE Credit Hours Available (New York)
Transitional and Nontransitional

6.5 CPE Credit Hours Available

September 16, 2008
The New York Helmsley Hotel
New York

PROGRAM AGENDA

8:15 AM	Registration and Continental Breakfast
9:00 AM	Introductory Remarks Robert G. Pickel, Executive Director and Chief Executive Officer, ISDA
9:30 AM	Keynote Address Kathryn E. Dick, Deputy Comptroller for Credit and Market Risk, Office of the Comptroller of the Currency (OCC).
10:00 AM	The New Market Landscape: Internal Drivers for Change Throughout the market volatility that began in the summer of 2007, well-established cash market product lines have been called into question. And while derivative markets have continued to function and provide liquidity, the interconnected nature of cash and derivatives markets will no doubt lead to changes in practices across products and markets. This panel will explore how those changes will come from within firms of all types through renewed focus on risk management, client services and product lines. Moderator: Robert G. Pickel, Executive Director and Chief Executive Officer, ISDA *Tom Levy,* D. E. Shaw & Co., L.P. Stephen O’Connor, ISDA Board Member, Managing Director, Morgan Stanley Gerhard Seebacher, ISDA Board Member, Managing Director, Bank of America Derek Smith, BlueMountain Capital Management, LP
11:00 AM	Morning Break
11:30 AM	The New Market Landscape: External Pressures on Firms For OTC derivatives, regulators have explicitly recognized that market participants, not the regulators, must deliver improvements in response to recent market volatility. Nevertheless, increased regulatory scrutiny of the financial services business will have repercussions for derivatives activities. Greater supervisory oversight, adoption of IFRS, accuracy of valuations and regulatory capital levels for businesses will have profound effects. This panel will explore the implications for the derivatives business of these pressures from outside the firms. Moderator: Greg Zerzan, Counsel and Head of Global Public Policy, ISDA John Anderson, Managing Director, Government Affairs, SIFMA Brant Imperatore, Principal, BGR Holding, LLC. Ernest T. Patrikis, Partner, Pillsbury Winthrop Shaw Pittman LLP Evan Picoult, Managing Director, Citigroup
12:30 PM	Luncheon sponsored by Lowenstein Sandler
1:45 PM	Legal and Documentation Update Derivatives markets continue to expand into new horizons while at the same time refining practice for existing products, and this remains true even in periods of volatility. This panel will provide an update on various initiatives including the incorporation of the existing CDS auction mechanism into the Credit Derivatives Definitions and documentation efforts in equity derivatives. Key legal developments in case law and on netting and collateral will also be discussed. Moderator: Katherine Darras, General Counsel, Americas, ISDA Lawrence Brandman, Managing Director and Associate General Counsel, Goldman Sachs & Co. Alix d'Anglejan-Chatillon, Partner, Stikeman Elliott LLP David Geen, General Counsel, ISDA Mark New, Assistant General Counsel, ISDA
3:15 PM	Afternoon Break
3:45 PM	Post-Trade and Technology Issues: An Update The market volatility of the last year has highlighted the need for robust and scalable solutions in the post-trade space. The industry has responded rigorously to these demands. This panel will provide the opportunity to expand on such industry efforts, present the commitments made to the regulators and current status, including novations, portfolio compression and the establishment of a clearing house among dealers. It will also provide an update of ISDA’s many efforts in this area with a focus on the greater use of technology, including FpML, to deliver solutions. Moderator: Karel Engelen, Director and Global Head Technology Solutions, ISDA Thomas Benison, Managing Director, JPMorgan Chase Michaela Ludbrook, Goldman Sachs & Co. David Maloy, Global Head Collateral Management, Credit Suisse Todd Sullivan, Executive Director, Morgan Stanley
5:15 PM	Conference Concludes

Agenda is subject to change

ISDA would like to thank the following Luncheon Sponsor and Exhibitors.

Luncheon Sponsor

Lowenstein Sandler

Exhibitors

Sapient/DCG

T-Zero

Thunderhead

TriOptima

Versif

FpML®

ISDA ON DEMANDsm

CONFERENCE VENUE: The New York Helmsley Hotel, 212 East 42nd Street, New York, NY 10017
Ph: (212) 490-8900.

To obtain more information, please contact the ISDA conference department at +1 212-901-6000 or
e-mail CONFERENCES@ISDA.ORG