The Path Forward for LIBOR Transition

Tuesday, July 14, 2020
Online

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Non-Member US$0.00

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

While recognizing the challenges posed by the coronavirus pandemic, the UK Financial Conduct Authority (FCA) has reiterated that firms cannot rely on LIBOR being published after the end of 2021. This ISDA Virtual Conference will explore the progress made in adopting alternative risk-free rates (RFRs) and the development of market infrastructure and operations to support RFR trading. The event will also set out the issues firms need to consider when transitioning legacy portfolios, and outline the upcoming milestones for transition, including the switch in central counterparty (CCP) discounting and price alignment interest (PAI).

This is an ISDA Virtual Conference:

  • Registration for this conference is complimentary
  • Event will be live on July 14, 2020 from 9:00 AM – 11:45 AM EST  |  Timezone Converter
  • Miss part of the event or aren’t able to watch live? The recording will be available to registrants until August 14, 2020

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

 

Curious as to what this event is all about?
ISDA’s Head of Benchmark Reform, Ann Battle, is here to fill you in:

 

Event Sponsor

 

TriOptima is the leading multilateral compression provider that lowers costs and mitigates risk in OTC derivatives markets, and is now part of CME Group. As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.

Educational Credits

2 CLE Credit Hours Available (New York) Transitional and Non-Transitional

1.5 CPD Credit Hours Available (England and Wales)

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Tuesday, July 14, 2020

Print Agenda The Path Forward for LIBOR Transition for

9:00 AM Introduction and Welcoming Remarks Scott O’Malia

Scott O’Malia, Chief Executive Officer, ISDA

9:05 AM Keynote Address Edwin Schooling Latter

A senior regulator will provide an update on the RFR transition timeline

Edwin Schooling Latter, Director, Markets and Wholesale Policy, Financial Conduct Authority

9:25 AM Break

9:35 AM Progress in RFR Adoption and Upcoming Milestones Ann M. Battle, Jack Hattem, Agha Mirza, Subadra Rajappa, Philip Whitehurst

Trading volumes in derivatives linked to SOFR and SONIA experienced a big jump in the first quarter of 2020, but LIBOR continues to dominate in most currencies. This session will describe the steps taken so far to encourage liquidity in alternative RFRs, potential challenges and expected milestones between now and the end of 2021, including CCP changes in discounting and PAI for certain currencies.

Moderator: Ann M. Battle, Assistant General Counsel, Head of Benchmark Reform, ISDA
Jack Hattem, ISDA Board Member, Managing Director, Global Fixed Income, BlackRock
Agha Mirza, Managing Director, Global Head of Interest Rate Products, CME Group
Subadra Rajappa, Managing Director, Head of US Rates Strategy, Société Générale
Philip Whitehurst, Head of Service Development, Rates, LCH

10:25 AM Break

10:35 AM Interview Scott O’Malia, Tom Wipf

This session will feature a discussion with a senior member of the US Alternative Reference Rates Committee on forthcoming industry initiatives and milestones for 2020 and 2021.

Hosted by: Scott O’Malia, Chief Executive Officer, ISDA
Tom Wipf, ISDA Board Member, Vice Chairman of Institutional Securities, Morgan Stanley & Chair, Alternative Reference Rates Committee

10:55 AM Solutions for Legacy LIBOR Swap Trades Rick Sandilands, J. Christopher Giancarlo, Guillaume Helie, Shaun Kennedy, Vikash Rughani

With under 18 months until the UK FCA will no longer compel or persuade banks to make LIBOR submissions, what steps are firms taking to prepare? What approaches are being taken to transition legacy exposures from LIBOR? What role can fallbacks play? What are the remaining challenges and how can they be addressed? What solutions are available to help with transition?

Moderator: Rick Sandilands, Senior Counsel, Europe, ISDA
J. Christopher Giancarlo, Senior Counsel, Willkie Farr & Gallagher LLP
Guillaume Helie, Vice President, Goldman Sachs
Shaun Kennedy, Group Treasurer, Associated British Ports
Vikash Rughani, Business Manager, triReduce, TriOptima

11:45 AM Conference Concludes

Agenda is subject to change.

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Ann M. Battle

Assistant General Counsel, Head of Benchmark Reform

ISDA

ISDAConferences

J. Christopher Giancarlo

Senior Counsel

Willkie Farr & Gallagher LLP

giancarloMKTS

Jack Hattem

ISDA Board Member, Managing Director, Global Fixed Income

BlackRock

Guillaume Helie

Vice President

Goldman Sachs

Shaun Kennedy

Group Treasurer

Associated British Ports

ShaunKennedyUK

Agha Mirza

Managing Director, Global Head of Interest Rate Products

CME Group

CMEGroup

Scott O’Malia

Chief Executive Officer

ISDA

ISDAConferences

Subadra Rajappa

Managing Director, Head of US Rates Strategy

Société Générale

Vikash Rughani

Business Manager, triReduce

TriOptima

vrughani

Rick Sandilands

Senior Counsel, Europe

ISDA

ISDAConferences

Edwin Schooling Latter

Director, Markets and Wholesale Policy

Financial Conduct Authority

Philip Whitehurst

Head of Service Development, Rates

LCH

Tom Wipf

ISDA Board Member, Vice Chairman of Institutional Securities

Morgan Stanley & Chair, Alternative Reference Rates Committee

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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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