ISDA Symposium® Financial Benchmarks

Falling back and leaping forward

Tuesday, May 14, 2019
Sandton Convention Centre
Johannesburg

Member $400 U.S.

Non-Member $500 U.S.

Register for ISDA Symposium® Financial Benchmarks

ISDA is playing a key role in current interest rate benchmark reform efforts. Given the uncertain future of LIBOR and other IBORs, these efforts are today more critical than ever. The adoption of, and transition to, alternative risk-free rates and the development of fallbacks for key IBORs will affect trillions of dollars in notional interest rate derivatives trades. This program will cover the latest developments in these areas as well as new benchmark regulation in Europe. Furthermore, we will provide an update on African law reform developments and ISDA activities across the continent.

Educational Credits

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

3.25 CPD Credit Hours Available (England and Wales)

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Tuesday, May 14, 2019

Download Agenda ISDA Symposium® Financial Benchmarks for

8:15 AM Registration and Continental Breakfast

9:15 AM Selection of Alternative Risk-Free Rates and Development of Transition Plans

This session will examine developments in relation to the selection of risk-free rates and the process to transition to them. It will cover the work of the Alternative Reference Rates Committee (ARRC) in the United States, including its selection of the Secured Overnight Financing Rate (SOFR) to be published by the Federal Reserve Bank of New York during the first half of 2018. It will also cover the work of similar groups in the UK, Europe, Switzerland, Japan and ISDA’s global IBOR transition project.

10:30 AM Development of Fallbacks for IBORs

As well as encouraging market participants to adopt alternative risk-free rates (RFRs), authorities are encouraging market participants to designate fallbacks for contracts that continue to reference IBORs, which would apply in the event that an IBOR is permanently discontinued. This session will provide background and objectives for this work as well as an overview of issues identified to date and potential solutions that ISDA is developing.

11:30 AM Coffee Break

11:45 AM The EU Regulation on Financial Benchmarks (BMR) – Implementation Actions

  • Regulatory timeline and overview of the regulation
  • The scope of financial benchmarks - user's perspective
  • Proportionality, governance, transparency and registrations - key provisions fro administrators and contributors
  • The recognition of non-EU benchmarks (equivalence, recognition, endorsement)
  • Requirements to plan for material change or cessation of a benchmark and ISDA's work to facilitate compliance with these requirements

12:45 PM Update on African law reform developments and ISDA activities across the continent

1:30 PM Symposium Concludes

Agenda is subject to change.

Register Now for ISDA Symposium® Financial Benchmarks
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161 Maude Street, Sandown, Sandton, 2196, South Africa, +27 11 779 0000. Please find a map to the venue here.

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

Member $400 U.S.

Non-Member $500 U.S.

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Intermediate

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ISDA is an accredited provider of continuing education credits by the following organizations:

  • CLE

    ISDA has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in the state of New York.

  • CPE Sponsory

    ISDA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors: 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. www.nasba.org

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