2010 ISDA Regional Conference

Print Agenda

The New Environment for OTC Derivatives
New York
The Roosevelt Hotel
September 16, 2010

1 Nontransitional CLE Credit Hour Available (New York)

6.5 CPE Credit Hours Available

PROGRAM AGENDA

Given the pace and scope of financial regulatory reform in the U.S. and Europe, many changes lie ahead for the OTC derivatives markets. This year’s Regional Conference focuses on reviewing these changes, assessing their impact and outlining the key issues that regulators and the industry face as the legislation is implemented.

8:15 AM	Registration Continental Breakfast sponsored by ICE Trust
9:00 AM	Introductory Remarks Conrad P. Voldstad, Chief Executive Officer, ISDA Robert G. Pickel, Executive Vice Chairman, ISDA
9:30 AM	Keynote Address Gary Gensler, Chairman, U.S. Commodity Futures Trading Commission
10:15 AM	Overview of the U.S. Regulatory Reform Legislation Passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 marks the end of the U.S. legislative process. But it also signals the beginning of the regulatory rule-writing process, which is likely to prove particularly challenging given the sheer scope of changes, the short time frames for action and ambiguities and interpretative issues throughout the legislation. This panel will review the regulatory process, its most significant potential issues, and areas that are likely to remain open to interpretation and possible later resolution. Moderator: Mary Johannes, Senior Director and Head of U.S. Public Policy, ISDA Joshua Cohn, Partner, Mayer Brown Sam Peterson, Senior Advisor, Chatham Financial Don Thompson, Managing Director and Associate General Counsel, J.P. Morgan Chase & Co.
11:00 AM	Morning Break sponsored by ICE Trust
11:30 AM	Business Implications of Regulatory Reform The U.S. legislation focuses on reducing systemic risk and enhancing transparency through greater use of central counterparties, exchange trading and alternative platforms for execution. Each of these areas is likely to have a profound impact on the derivatives business. In this panel, a group of senior practitioners at derivatives dealers and users will discuss the implications of the changes in the regulatory landscape and assess their potential impact. Moderator: Stephen O'Connor, ISDA Board Member, Managing Director, Morgan Stanley Brian Archer, ISDA Board Member, Managing Director, Head of Global Credit Trading, Citi *Athanassios Diplas,* Managing Director, Global Head of Systemic Risk Management, Global Credit Trading, Deutsche Bank Ted MacDonald, ISDA Board Member, Managing Director, D. E. Shaw & Co., L.P. and Treasurer, D. E. Shaw Group
12:30 PM	The Current Regulatory Environment in Europe Proposed regulatory changes in Europe are becoming clearer by the day. This panel will summarize the state of play on the regulatory front in Europe; review the timetable for completion of those efforts; assess the role of the new pan-EU bodies; and highlight any substantive differences between the U.S. and European approaches. Moderator: Richard Metcalfe, Global Head of Policy, ISDA Chris Bates, Partner, Clifford Chance LLP Eric Litvack, ISDA Board Member, Managing Director, Chief Operating Officer of Global Equity Flow, Société Générale Corporate and Investment Bank
1:00 PM	Luncheon sponsored by LCH.Clearnet
2:00 PM	Global Developments in OTC Derivatives Clearing and in Bilateral Collateralisation Arrangements The OTC derivatives industry continues to deliver on commitments made in respect of central clearing as part of the collaborative process with global regulators. Further progress in the extension of central clearing in the market is planned. This session will include industry comment on clearing, along with perspectives from three leading clearing houses. For the continuing bilaterally-held market, effective collateral management will continue to be of critical importance; this session will give an account of recent achievements and current projects in this field. Moderator: Julian Day, Head of Trading Infrastructure, ISDA *Michael C. Clarke,* Managing Director, Global Head of Counterparty Risk Operations and Market Infrastructure Strategy, UBS Investment Bank Ann Marie Davis, Managing Director, Head of Global Operations, Omnium Christopher Edmonds, President, ICE Trust U.S. Simon Grensted, Managing Director, Business Development, LCH.Clearnet Laurent Paulhac, Managing Director, OTC Products and Services, CME Group
3:00 PM	Basel Capital Accord: Key Elements and Key Issues Basel III, the latest iteration of the global approach to bank regulatory capital, has been a topic of fervent debate and commentary since the Basel Committee’s outline was published last December. ISDA, together with its members and other organizations, has actively engaged in the Basel process by highlighting the effects of different proposals on the ability of banks to manage risk and on the recovery of the global economy. Basel III is nearing resolution, although its implementation at national levels and its phase-in over several years mean that its ultimate effects may not be felt for years to come. This panel will highlight key issues in the proposals, expectations on resolution of issues and the process ahead. Moderator: David Murphy, Head of Risk and Reporting, ISDA Eduardo Canabarro, Managing Director, Morgan Stanley Dianne Dobbeck, Senior Vice President, Federal Reserve Bank of New York Greg Hopper, Managing Director, Goldman Sachs
3:45 PM	Afternoon Break sponsored by ICE Trust
4:15 PM	Legal and Documentation Update The bilateral derivatives business evolves even in the face of greater regulatory scrutiny. ISDA continues to fulfill its mission of establishing standards for the prudent management of risk, particularly through additions to and modification of its documentation architecture and defense of the legal infrastructure supporting the OTC derivatives business. This panel will provide information on the legal and documentation aspects of regulatory commitments, review recent litigation affecting the derivatives business, and ISDA’s response to it, and update members on the status of significant documentation projects in the equity and collateral areas. Moderator: *Katherine Darras,* General Counsel, Americas, ISDA *Rosario Chiarenza,* Counsel, ISDA *Ilene Froom,* Executive Director and Assistant General Counsel, JPMorgan Chase Bank, N.A. *Craig Goldblatt,* Partner, Wilmer Cutler Pickering Hale and Dorr LLP *Lauren Teigland–Hunt,* Managing Partner, Teigland-Hunt LLP
5:15 PM	Conference Concludes

Agenda is subject to change.

All press attending this conference must register in advance.
Please send your name, affiliation, and contact details to Lauren Dobbs, Kennedy & Co. [lauren@kennedycom.com]

2010 ISDA Regional Conferences
September 21, London - October 21, Sydney - October 25, Hong Kong - October 28, Tokyo

LUNCHEON SPONSOR

LCH.Clearnet

BREAKFAST & BREAKS SPONSOR

ICE Trust

EXHIBITORS

Bloomberg	MarketAxess
CME Group	Omgeo, LLC
FpML_®	Tradeweb
ISDA CDS Marketplace^SM	TriOptima
ISDA ON DEMAND_®

Conference Venue: The Roosevelt Hotel, 45 East 45th Street, New York, NY, 10017, Phone: 212-661-9600.