2019 ISDA Annual North America Conference

Thursday, September 26, 2019
Convene One Liberty Plaza
New York

Member $475 U.S.

Non-Member $575 U.S.

Register for 2019 ISDA Annual North America Conference
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Thursday, September 26, 2019

Print Agenda 2019 ISDA Annual North America Conference for

8:00 AM Registration and Continental Breakfast

8:45 AM Opening Remarks Scott O’Malia

Scott O’Malia, Chief Executive Officer, ISDA

9:00 AM Keynote Interview

9:20 AM Building Momentum in RFRs Moderator: Scott O’Malia, David Bowman, Tom Wipf

A number of public-/private-sector risk-free rate working groups are leading an initiative to move from LIBOR and other interbank offered rates (IBORs) to risk-free rates (RFRs). What stage is the transition at and what is the industry doing to maintain momentum and build liquidity in the new RFRs?

  • Progress in the global benchmark reform agenda
  • Development of forward-looking term rates
  • Interaction between cash and derivatives products
  • Implementation of fallbacks for derivatives / the ISDA protocol
Moderator: Scott O’Malia, Chief Executive Officer, ISDA
David Bowman, Senior Associate Director, Board of Governors of the Federal Reserve System
Tom Wipf, ISDA Board Member, Vice Chairman of Institutional Securities & Chair, Alternative Reference Rates Committee, Morgan Stanley

9:40 AM Benchmark Reform: The Impact on End Users Moderator: Ann M. Battle, Jennifer Earyes, Wells Engledow, Jack Hattem, Harry Lipman, Kathleen O’Neill

How is the buy side and other end users of derivatives preparing for the shift from LIBOR to risk-free rates? What progress has been made, and what issues need to be addressed? What will drive trading and liquidity, and where will opportunities exist? How can firms ensure hedges for cash instruments remain effective?

Moderator: Ann M. Battle, Assistant General Counsel, ISDA
Jennifer Earyes, Director of Corporate Development, Navient
Wells Engledow, Vice President & Deputy General Counsel, Fannie Mae
Jack Hattem, ISDA Board Member, Managing Director, Global Fixed Income, BlackRock
Harry Lipman, Global Derivatives Product Manager, Bloomberg L.P.
Kathleen O’Neill, Associate General Counsel, New York Life Insurance Company

10:30 AM Networking Break

10:55 AM Chairman’s Remarks Eric Litvack

Eric Litvack, ISDA Chairman, Managing Director, Head of Regulatory Strategy, Société Générale Global Banking and Investor Solutions

11:10 AM Margin: Countdown to Phase 5 Moderator: Tara Kruse, Courtney Gavin, Tara McCloskey, María Inés Raij, Wendy Yun

With the phase-five implementation of initial margin requirements for non-cleared derivatives set for September 2020, what steps should participants take to finalize their preparation and what challenges do they face?

  • AANA calculation and disclosure
  • IM threshold monitoring
  • IM calculation
  • IM documentation negotiation
Moderator: Tara Kruse, Global Head of Infrastructure, Data and Non-Cleared Margin, ISDA
Courtney Gavin, Vice President, Brown Brothers Harriman & Co.
Tara McCloskey, Managing Director, Global Operations, MetLife Investment Management
María Inés Raij, Counsel & Executive Director, Morgan Stanley
Wendy Yun, Managing Director and Associate General Counsel, Goldman Sachs & Co.

11:55 AM The US Take on Capital Moderator: Mark Gheerbrant, David Lynch, Debbie Toennies

US regulators published their proposed version of SA-CCR for the US market at the end of last year. What impact will the new rules have? How might other changes to capital requirements – the Fundamental Review of the Trading Booking and credit valuation adjustment – affect US markets and derivatives users? How might the rules differ from other jurisdictions?

Moderator: Mark Gheerbrant, Global Head of Risk and Capital, ISDA
David Lynch, Deputy Associate Director, Federal Reserve Board
Debbie Toennies, Managing Director – Global Head of Regulatory Affairs – Corporate and Investment Bank, JPMorgan Chase & Co.

12:40 PM Keynote Address Dan M. Berkovitz

Dan M. Berkovitz, Commissioner, U.S. Commodity Futures Trading Commission

1:00 PM Lunch

2:15 PM Future of Derivatives: Global or Fragmented? Moderator: Steven Kennedy, Christopher Bender, Thomas J. Benison, Carol McGee, Marta Poleszczuk

The Group of 20 has highlighted reducing market fragmentation as a key issue, but what can global standard setters and national regulators do to tackle the issue? Where is fragmentation creating the biggest problems for market participants?

Moderator: Steven Kennedy, Global Head of Public Policy, ISDA
Christopher Bender, Director of Regulatory Advisory, Chatham Financial
Thomas J. Benison, Chief Negotiator for International Agreements, U.S. Commodity Futures Trading Commission
Carol McGee, Assistant Director for Derivatives Policy, U.S. Securities and Exchange Commission
Marta Poleszczuk, Fixed Income Market Structure Strategy, Securities Division, Goldman Sachs

3:00 PM Standards, Tech and Docs Moderator: Katherine Tew Darras, Douglas J. Donahue, Harry Jho, Sharmini Mahendran, Beth Sendra

New technologies are being developed and implemented. Documentation is being digitized, and digital standards such as ISDA CDM are facilitating and driving greater automation via technology. But how do these trends link together? What does this mean in practice, and what are the costs and potential benefits?

Moderator: Katherine Tew Darras, General Counsel, ISDA
Douglas J. Donahue, Partner, Linklaters LLP
Harry Jho, Partner, Harry Jho LLC
Sharmini Mahendran, Managing Director & Senior Counsel, BMO Financial Group
Beth Sendra, Product Manager, Digital Asset

3:45 PM Networking Break

4:00 PM The Path to Post-trade Efficiency Moderator: Amy Caruso, Pamela Caccavale, Andrés Choussy, Ed Hellaby

Back-office processes continue to be highly manual, sucking up resources and resulting in operational costs. What’s being done to standardize and automate collateral management, reporting and record-keeping processes? How can firms reduce their back-office burden?

Moderator: Amy Caruso, Head of Collateral Initiatives, ISDA
Pamela Caccavale, Director, Margin Transit Utility, Product Management, DTCC-Euroclear GlobalCollateral
Andrés Choussy, President and COO, Baton Systems
Ed Hellaby, Business Development Director – Collateral Management, FIS

4:45 PM The CDS Market: Next Steps Moderator: Jonathan Martin, Mel Gunewardena, David G. Lucking, Carol McGee, Matthew Roesler, Olga Roman, CFA

Industry experts and regulators discuss the future of the CDS market.

Moderator: Jonathan Martin, Director, Market Infrastructure and Technology, ISDA
Mel Gunewardena, Chief Market Intelligence Officer & Deputy Director, Division of Market Oversight, U.S. Commodity Futures Trading Commission
David G. Lucking, Partner, Allen & Overy LLP
Carol McGee, Assistant Director for Derivatives Policy, U.S. Securities and Exchange Commission
Matthew Roesler, Managing Director, Apollo Global Management, LLC
Olga Roman, CFA, Director of Research, ISDA

5:15 PM Conference Concludes

Agenda is subject to change.

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Convene One Liberty Plaza, Financial District, New York, NY 10006, Phone +1 888 730 7307 (Entrance at Cortlandt St between, Church St and Broadway)

Please find a map and directions here

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Ann M. Battle

Assistant General Counsel

ISDA

ISDAConferences

Christopher Bender

Director of Regulatory Advisory

Chatham Financial

ChathamFin

Thomas J. Benison

Chief Negotiator for International Agreements

U.S. Commodity Futures Trading Commission

Dan M. Berkovitz

Commissioner

U.S. Commodity Futures Trading Commission

David Bowman

Senior Associate Director

Board of Governors of the Federal Reserve System

Pamela Caccavale

Director, Margin Transit Utility, Product Management

DTCC-Euroclear GlobalCollateral

The_DTCC

Amy Caruso

Head of Collateral Initiatives

ISDA

ISDAConferences

Andrés Choussy

President and COO

Baton Systems

batonsystems

Katherine Tew Darras

General Counsel

ISDA

ISDAConferences

Douglas J. Donahue

Partner

Linklaters LLP

Jennifer Earyes

Director of Corporate Development

Navient

Wells Engledow

Vice President & Deputy General Counsel

Fannie Mae

Courtney Gavin

Vice President

Brown Brothers Harriman & Co.

Mark Gheerbrant

Global Head of Risk and Capital

ISDA

ISDAConferences

Mel Gunewardena

Chief Market Intelligence Officer & Deputy Director, Division of Market Oversight

U.S. Commodity Futures Trading Commission

Jack Hattem

ISDA Board Member, Managing Director, Global Fixed Income

BlackRock

Ed Hellaby

Business Development Director – Collateral Management

FIS

FISGlobal

Harry Jho

Partner

Harry Jho LLC

Steven Kennedy

Global Head of Public Policy

ISDA

ISDAConferences

Tara Kruse

Global Head of Infrastructure, Data and Non-Cleared Margin

ISDA

ISDAConferences

Harry Lipman

Global Derivatives Product Manager

Bloomberg L.P.

Eric Litvack

ISDA Chairman, Managing Director, Head of Regulatory Strategy

Société Générale Global Banking and Investor Solutions

SocieteGenerale

David G. Lucking

Partner

Allen & Overy LLP

David Lynch

Deputy Associate Director

Federal Reserve Board

Sharmini Mahendran

Managing Director & Senior Counsel

BMO Financial Group

Jonathan Martin

Director, Market Infrastructure and Technology

ISDA

ISDAconferences

Tara McCloskey

Managing Director, Global Operations

MetLife Investment Management

Carol McGee

Assistant Director for Derivatives Policy

U.S. Securities and Exchange Commission

Kathleen O’Neill

Associate General Counsel

New York Life Insurance Company

Scott O’Malia

Chief Executive Officer

ISDA

ISDAConferences

Marta Poleszczuk

Fixed Income Market Structure Strategy, Securities Division

Goldman Sachs

María Inés Raij

Counsel & Executive Director

Morgan Stanley

Matthew Roesler

Managing Director

Apollo Global Management, LLC

Olga Roman, CFA

Director of Research

ISDA

ISDAConferences

Beth Sendra

Product Manager

Digital Asset

Debbie Toennies

Managing Director – Global Head of Regulatory Affairs – Corporate and Investment Bank

JPMorgan Chase & Co.

Tom Wipf

ISDA Board Member, Vice Chairman of Institutional Securities & Chair, Alternative Reference Rates Committee

Morgan Stanley

Wendy Yun

Managing Director and Associate General Counsel

Goldman Sachs & Co.

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Registration fee is for one person to attend the entire event. Pass may not be split between multiple attendees.
For some events, groups of three or more attendees from the same firm can receive a 20% discount on event registrations. Groups must be registered together, in advance of the event. To register your group, please email conferences@isda.org

Member $475 U.S.

Non-Member $575 U.S.

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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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