ISDA Virtual Conference: COVID-19 and the Impact on Derivatives

Wednesday, June 10, 2020
Online

Member US$275.00

Non-Member US$325.00


Registration for this event will close 2 hours before the live broadcast

 

The coronavirus pandemic has forced firms to switch their focus to critical priorities like maintaining their operations and managing risk. Recognizing that financial institutions are entirely focused on business continuity, regulators have acted to extend upcoming deadlines and provide temporary relief on existing obligations. Meanwhile, derivatives market participants have been navigating the legal, operational and documentation issues posed by radically different market and working practices. This new ISDA Virtual Conference will examine the issues that have been raised in response to COVID-19 and consider the industry’s response.

 

This is an ISDA Virtual Conference:

  • Event will be live on June 10, 2020 from 9:00 AM – 12:00 PM EST  |  Timezone Converter
  • Miss part of the event or aren’t able to watch live? The recording will be available to registrants until July 10, 2020
  • Have a question for our speakers? Submit your questions to the speakers ahead of the conference here.

 

The conference will be broadcast via GoToWebinar. Please click here to check your system requirements to ensure you are able to join this event: https://support.goto.com/webinar/system-check-attendee

Educational Credits

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

3 CPE Credit Hours Available

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Wednesday, June 10, 2020

Print Agenda ISDA Virtual Conference: COVID-19 and the Impact on Derivatives for

9:00 AM Introduction and Welcoming Remarks Mark New

Mark New, Senior Counsel, Americas, ISDA

9:05 AM Impact on Documentation Mark New, Simon Firth, Karen C. Sinai

The economic and financial turmoil caused by the coronavirus pandemic, combined with extensive office closures and remote working, have raised a number of potential legal and documentation questions, including the process for close-out, options for the physical delivery of notices in a remote-working environment, and the effect of force majeure clauses. This session considers these issues and the implications.

  • Operation of the close-out provisions of the ISDA Master Agreement (1992 and 2002 versions), and the calculation of close-out amount
  • Options for the delivery of notices under the ISDA Master Agreement
  • Force majeure
  • Emergency insolvency legislation and impact on netting enforceability

Moderator: Mark New, Senior Counsel, Americas, ISDA
Simon Firth, Partner, Linklaters LLP
Karen C. Sinai, Of Counsel, Teigland-Hunt LLP

9:55 AM Break

10:05 AM Lessons from Market Events Rick Sandilands, Ilene K. Froom, Jonathan Martin, Deepak Sitlani

Several jurisdictions announced temporary closures to certain markets and infrastructures as the coronavirus outbreak escalated, including China and the Philippines. What impact did this have and what steps were taken to ensure the efficient valuation and settlement of derivatives? What lessons were learned and how could these events shape documentation for interest rates, FX and equity products in future? What issues were raised by other coronavirus-related events, like negative oil prices?

Moderator: Rick Sandilands, Senior Counsel, Europe, ISDA
Ilene K. Froom, Partner, Reed Smith LLP
Jonathan Martin, Director, Market Infrastructure and Technology, ISDA
Deepak Sitlani, Partner, Linklaters LLP

10:55 AM Break

11:05 AM Regulatory and Market Practice Issues Steven Kennedy, Roger Cogan, Kevin McPartland, Christopher Young

The coronavirus pandemic led to disruptions in markets and market practices, which in turn raised concerns amongst industry participants and policymakers about the impact of existing regulations, the implementation of new regulations and the ability to respond to proposed regulations. This panel will explore ISDA’s recent research on market liquidity, discuss regulatory relief provided to date and  provide an outlook for the regulatory timeline in 2020 and 2021.

Moderator: Steven Kennedy, Global Head of Public Policy, ISDA
Roger Cogan, Head, European Public Policy, ISDA
Kevin McPartland, Managing Director, Market Structure and Technology, Greenwich Associates
Christopher Young, Head of U.S. Public Policy, ISDA

11:55 AM Closing Remarks Mark New

Mark New, Senior Counsel, Americas, ISDA

12:00 PM Conference Concludes

Agenda is subject to change.

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Roger Cogan

Head, European Public Policy

ISDA

ISDAconferences

Simon Firth

Partner

Linklaters LLP

LinklatersLLP

Ilene K. Froom

Partner

Reed Smith LLP

reedsmithllp

Steven Kennedy

Global Head of Public Policy

ISDA

ISDAConferences

Jonathan Martin

Director, Market Infrastructure and Technology

ISDA

ISDAconferences

Kevin McPartland

Managing Director, Market Structure and Technology

Greenwich Associates

Mark New

Senior Counsel, Americas

ISDA

ISDAConferences

Rick Sandilands

Senior Counsel, Europe

ISDA

ISDAConferences

Karen C. Sinai

Of Counsel

Teigland-Hunt LLP

TeiglandHuntLaw

Deepak Sitlani

Partner

Linklaters LLP

LinklatersLLP

Christopher Young

Head of U.S. Public Policy

ISDA

ISDAConferences

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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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