ISDA Virtual Conference: Benchmark Reform Update

Wednesday, May 13 to Monday, June 15, 2020
Online

This is a pre-recorded Virtual Conference

_______________

Recording available until June 15, 2020 

 

This virtual conference will provide an update on benchmark reform efforts globally. The importance of this work to reform LIBOR and other key IBORs and move to alternative rates was amplified in July 2017 when the UK Financial Conduct Authority announced that it would not compel or persuade panel banks to submit to LIBOR after 2021, calling into question the future of LIBOR after that date.  As recently as March 2020, the UK FCA has emphasized that. In this conference we will cover market, economic, operational and legal issues related to these topics.

 

This is a pre-recorded ISDA Virtual Conference:

  • This is a recording of the benchmark reform update that took place on May 12, 2020
  • Registrants will have access to the recording until 5:00 PM EST on June 15, 2020
  • After submitting your registration you will receive a confirmation email with a link to view the documents and recording

 

Print Agenda ISDA Virtual Conference: Benchmark Reform Update for

9:00 AM Introduction and Welcoming Remarks Ann M. Battle

Ann M. Battle, Assistant General Counsel, Head of Benchmark Reform, ISDA

9:05 AM Transition to Risk-Free Rates Rick Sandilands, Oliver Cooke, Edward Ocampo, Philip Whitehurst

Together with national working groups such as the Working Group on Sterling Risk-Free Reference Rates in the UK, ISDA and its members are working to build derivatives markets in alternative risk-free rates on a going forward basis and to address risks of legacy portfolios, including in particular legacy portfolios that reference LIBOR other key IBORs. This panel will cover the work of ISDA and the national working groups and touch on how all the different initiatives fit together within the cleared and non-cleared derivatives markets.

Moderator: Rick Sandilands, Senior Counsel, Europe, ISDA
Oliver Cooke, Chief Digital Officer, NatWest Markets
Edward Ocampo, Advisory Director, Quantile Technologies Ltd.
Philip Whitehurst, Head of Service Development, Rates, LCH

9:50 AM Break

10:00 AM Implementation of Fallbacks in Derivatives Ann M. Battle, Jonathan Seymour, Deepak Sitlani

At the request of the FSB OSSG, ISDA is leading global work to implement fallbacks for LIBOR, EURIBOR and other key IBORs in the 2006 ISDA Definitions. This panel will cover ISDA’s work, including an in-depth discussion of the upcoming IBOR fallback protocol, the approach to pre-cessation fallbacks and Bloomberg’s publication of the fallback rates.

Moderator: Ann M. Battle, Assistant General Counsel, Head of Benchmark Reform, ISDA
Jonathan Seymour, Data Strategy, Bloomberg
Deepak Sitlani, Partner, Linklaters LLP

10:45 AM Break

10:55 AM Transitioning non-linear Interest Rate Derivatives Jonathan Martin, Suzanna Brunton, Christian Gau, Guillaume Helie

This panel will cover use of RFRs for collateral and discounting of cleared and non-cleared derivatives, as well as implications for swaptions and work ISDA has done to increase clarity and certainty in these areas.  It will also build upon the first two panels and cover use of RFRs in swaptions, caps, floors and other non-linear products, as well as fallbacks for non-linear IBOR transactions.

Moderator: Jonathan Martin, Director, Market Infrastructure and Technology, ISDA
Suzanna Brunton, Managing Associate, Linklaters LLP
Christian Gau, Treasury Markets - Director Short Term Liquidity Management Europe, Deutsche Bank AG
Guillaume Helie, Vice President, Goldman Sachs

11:30 AM Conference Concludes

Agenda is subject to change.


Venue Location:


2020 International Swaps and Derivatives Association, Inc.
ISDA is a registered trademark of the International Swaps and Derivatives Association, Inc.