This panel will examine the recent challenges faced by derivatives market participants following the global sanctions and export controls that have been imposed in response to the Ukraine conflict. The discussion will explore the framework set out in ISDA’s whitepaper on economic sanctions programs and derivatives and ISDA’s guidance note on addressing sanctions in ISDA documentation. The session will also cover the scope of the sanctions, the impact of relevant licenses, bilateral termination issues and the potential implications of capital controls.

Moderator: Megan O’Flynn, Assistant General Counsel, ISDA
Chris Arnold, Partner, Mayer Brown International LLP
Simon Firth, Partner, Linklaters LLP

This panel will explore specific issues faced by market participants in interest rate, FX, credit, commodity and equity derivatives markets, as well as the industry guidance issued in response.

Moderator: Mark New, Senior Counsel, Americas, ISDA
Jeff Lillien, Lead Counsel, FX, Wells Fargo
Jonathan Martin, Senior Director, Market Infrastructure and Technology, ISDA
Frederick O. Quenzer, Assistant General Counsel, ISDA
Tamsin Rolls, Executive Director and Assistant General Counsel, J.P. Morgan