2019 ISDA Annual Japan Conference

2019年度 ISDA地域総会

Friday, October 25, 2019
The Ritz-Carlton, Tokyo | ザ・リッツ・カールトン東京
Tokyo

Member $475 U.S.

Non-Member $575 U.S.

Register for 2019 ISDA Annual Japan Conference
Event begins in:
Days
3
6
Hours
0
5
mins
4
8
secs
1
9

Jump to Section:

Back to Top

Friday, October 25, 2019

Print Agenda 2019 ISDA Annual Japan Conference for

8:00 AM Registration and Continental Breakfast | 受付と朝食

8:45 AM Opening Remarks | 開会の挨拶 Scott O’Malia

Scott O’Malia, Chief Executive Officer, ISDA

9:00 AM Keynote Address | 基調講演 Ryozo Himino

Ryozo Himino, Vice Minister for International Affairs, Financial Services Agency (FSA), Japan

9:20 AM Building Momentum in RFRs | LIBORからの移行:リスク・フリー・レート(RFR)の利用拡大に向けて Moderator: Tomoko Morita, Taro Matsuura, Hiroki Ootake, Noriyuki Shibata, Masaharu Uchida, Atsuya Watanabe

A number of public-/private-sector risk-free rate working groups are leading an initiative to move from LIBOR to alternative rates, such as 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? How is the buy side and other end users of derivatives preparing for the shift from LIBOR to alternative rates? What will benchmark reform mean for cross-currency swaps?

 

各国の官民によるワーキンググループでは、LIBORからRFR等代替レートへの移行に向けた取り組みが活発に行われています。移行はどこまで進んでいるのでしょうか?RFRの流動性向上と利用拡大にむけて、業界はどのような取り組みを行っているのでしょうか?機関投資家や事業法人などのLIBOR利用者は代替レートへの移行に向けてどのような準備をしているのでしょうか?また、通貨スワップにはどのような影響があるのでしょうか?

 

Moderator: Tomoko Morita, Senior Director and Head of Tokyo Office, ISDA
Taro Matsuura, Chair, Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks, Managing Director, Corporate Planning Division, MUFG Bank, Ltd.
Hiroki Ootake, Head of Market Infrastructure Division, Financial Markets Department, Bank of Japan
Noriyuki Shibata, Joint Project Manager, LIBOR Transition Project Team, Mizuho Financial Group
Masaharu Uchida, Market Specialist, Japan, Bloomberg L.P.
Atsuya Watanabe, Director, Markets and Securities Services, Citigroup Global Markets Japan Inc.

10:20 AM Networking Break | 休憩

10:45 AM Chairman’s Remarks | 会長挨拶 Eric Litvack

Eric Litvack, ISDA Chairman, Group Director of Public Affairs, Société Générale Global Banking and Investor Solutions

11:00 AM Keynote Interview | CFTC Commissioner へのインタビュー Brian D. Quintenz

Brian D. Quintenz, Commissioner, U.S. Commodity Futures Trading Commission

11:20 AM Margin: Countdown to Phase 5 | マージン規制:フェーズ5へのカウントダウン Moderator: Tara Kruse, Shinichiro Itozaki, Yutaka Yoshida, Shinichi Yoshiya

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

 

非清算集中取引に対する当初証拠金規制のフェーズ5への適用開始が来年9月に迫るなか、市場参加者は何を準備しているのでしょうか?また、残された課題は何でしょうか?

  • AANAの計算と開示
  • IM閾値のモニタリング
  • IM計算
  • IMに関するドキュメンテーションの交渉

 

Moderator: Tara Kruse, Global Head of Infrastructure, Data and Non-Cleared Margin, ISDA
Shinichiro Itozaki, Senior Manager, Financial Engineering Division, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Yutaka Yoshida, Joint General Manager of Market Risk Management Division, Aozora Bank
Shinichi Yoshiya, Executive Director, Legal and Compliance, Morgan Stanley MUFG Securities

12:10 PM Implementing Capital Rules | 自己資本規制の導入に向けて Moderator: Mark Gheerbrant, Kenji Fujii, Shiro Katsufuji, Vaqas Rehman

The final pieces of the capital framework have been agreed by the Basel Committee on Banking Supervision, and will now be implemented by national regulators. What impact will the Fundamental Review of the Trading Book, credit valuation adjustment and SA-CCR have on bank capital requirements in Japan? How might the rules differ from other jurisdictions? How will these requirements interact with other rules like margin requirements and benchmark reform?

 

自己資本の枠組みがバーゼル銀行監督委員会で最終合意され、各国当局により国内適用が行われようとしています。トレーディング勘定の抜本的見直し(FRTB)、信用評価調整(CVA)、SA-CCR(デリバティブ取引に関するカウンターパーティー信用リスク・エクスポージャーの計測に係る標準的手法)は本邦金融機関にどのような影響を及ぼすでしょうか?他国と比較してどのような違いがあるのでしょうか?証拠金規制や金利指標改革などの影響/による影響はあるのでしょうか?

 

Moderator: Mark Gheerbrant, Global Head of Risk and Capital, ISDA
Kenji Fujii, Managing Executive Officer, Head of Global Risk Management, Mizuho Securities
Shiro Katsufuji, Director, Deloitte Touche Tohmatsu
Vaqas Rehman, Executive Director, Regulatory Affairs, Asia Pacific, J.P.Morgan

1:00 PM Lunch | 昼食

2:20 PM Guest Speaker | ゲストスピーカー Hiromi Yamaoka

Hiromi Yamaoka, Member of the Board, Director-General, Future Institute for Economic Research and Financial Strategy, Financial Business & FinTech, Future Corporation

2:40 PM Future of Derivatives: Global or Fragmented? | デリバティブ市場の今後:グローバル市場は保たれるのか?さらに分断化されるのか? Moderator: Steven Kennedy, Tomohiro Ishikawa, Satoshi Izumihara, Leng-Fong Lai, Shigeru Nonomura

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? What impact has it had on Japanese derivatives users?

 

日本を議長国とする今年のG20では、市場の分断が主要なテーマとなりました。市場参加者にとって大きな問題となっている市場の分断はどこで起きているのでしょうか?そして、グローバル基準設定機関や各国規制当局はこの問題に今後どのように取り組んでいくのでしょうか?

 

Moderator: Steven Kennedy, Global Head of Public Policy, ISDA
Tomohiro Ishikawa, Managing Director, Head of Global Regulatory Affairs Department, Corporate Planning Division, Mitsubishi UFJ Financial Group, Inc. (MUFG)
Satoshi Izumihara, Deputy Director for International Capital Markets Regulation, International Affairs Office, Financial Services Agency (FSA), Japan
Leng-Fong Lai, Partner, Clifford Chance
Shigeru Nonomura, ISDA Board Member, Managing Director, Co-Head of Rates Trading, Global Markets Japan, Nomura Securities Co., Ltd.

3:30 PM Networking Break | 休憩

3:50 PM Standards, Tech and Docs | スタンダード、テクノロジー、ドキュメンテーション Katherine Tew Darras, Motoyasu Fujita, Kyoko Yamamoto

New technologies are being developed and implemented. Documentation is being digitized. Standardization is driving greater automation. But how do these trends link together? What does this mean in practice, and what are the costs and potential benefits?

 

近年次々と新しいテクノロジーが開発され、導入されています。ドキュメンテーションのデジタル化も進んでいます。標準化により、自動化が加速的に進められています。しかし、テクノロジー、ドキュメンテーション、そして標準化はどのように結びついているのでしょうか?また、実務上どのような意味があり、それにかかるコストと潜在的なメリットは何でしょうか?

 

Katherine Tew Darras, General Counsel, ISDA
Motoyasu Fujita, Partner, Capital Markets Group (Structured Finance & Derivatives), Linklaters
Kyoko Yamamoto, Vice President, Global Markets Planning Division, MUFG Bank, Ltd.

4:35 PM The Path to Post-trade Efficiency | ポスト・トレード効率化への進路 Moderator: Yutaka Amagi, Jason Ang, Seiji Ryusekido, Shun Yanagisawa

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?

 

バックオフィスでの作業は、まだ手作業による部分が多くを占め、リソースの枯渇やコスト増加の原因となっています。担保管理、取引報告・保管プロセスの標準化や自動化に向けてどのような取り組みが行われているのでしょうか?バックオフィスの作業軽減に向けて何をすべきでしょうか?

 

Moderator: Yutaka Amagi, ISDA Board Member, Managing Director, Head of Global Markets Planning Division, MUFG Bank, Ltd.
Jason Ang, Global Program Manager, TLM Collateral Management, SmartStream Technologies
Seiji Ryusekido, Representative Director & President, DTCC Data Repository Japan K.K.
Shun Yanagisawa, Director, Head of Futures, Clearing and Collateral, Citigroup Global Markets Japan Inc.

5:20 PM Conference Concludes | 閉会

Agenda is subject to change.

Register Now for 2019 ISDA Annual Japan Conference
Back to Top

The Ritz-Carlton, Tokyo

Tokyo Midtown 9-7-1 Akasaka Minato-ku, Tokyo, 107-6245 Japan

+81 3 3423 8000

 

ザ・リッツ・カールトン東京

東京都港区赤坂9-7-1 東京ミッドタウン

03 3423 8000

Back to Top

Yutaka Amagi

ISDA Board Member, Managing Director, Head of Global Markets Planning Division

MUFG Bank, Ltd.

Jason Ang

Global Program Manager, TLM Collateral Management

SmartStream Technologies

Katherine Tew Darras

General Counsel

ISDA

ISDAConferences

Kenji Fujii

Managing Executive Officer, Head of Global Risk Management

Mizuho Securities

Motoyasu Fujita

Partner, Capital Markets Group (Structured Finance & Derivatives)

Linklaters

Mark Gheerbrant

Global Head of Risk and Capital

ISDA

ISDAConferences

Ryozo Himino

Vice Minister for International Affairs

Financial Services Agency (FSA), Japan

Tomohiro Ishikawa

Managing Director, Head of Global Regulatory Affairs Department, Corporate Planning Division

Mitsubishi UFJ Financial Group, Inc. (MUFG)

Shinichiro Itozaki

Senior Manager, Financial Engineering Division

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Satoshi Izumihara

Deputy Director for International Capital Markets Regulation, International Affairs Office

Financial Services Agency (FSA), Japan

Shiro Katsufuji

Director

Deloitte Touche Tohmatsu

Steven Kennedy

Global Head of Public Policy

ISDA

ISDAConferences

Tara Kruse

Global Head of Infrastructure, Data and Non-Cleared Margin

ISDA

ISDAConferences

Leng-Fong Lai

Partner

Clifford Chance

Eric Litvack

ISDA Chairman, Group Director of Public Affairs

Société Générale Global Banking and Investor Solutions

SocieteGenerale

Taro Matsuura

Chair, Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks, Managing Director, Corporate Planning Division

MUFG Bank, Ltd.

Tomoko Morita

Senior Director and Head of Tokyo Office

ISDA

ISDAConferences

Shigeru Nonomura

ISDA Board Member, Managing Director, Co-Head of Rates Trading, Global Markets Japan

Nomura Securities Co., Ltd.

Hiroki Ootake

Head of Market Infrastructure Division, Financial Markets Department

Bank of Japan

Scott O’Malia

Chief Executive Officer

ISDA

ISDAConferences

Brian D. Quintenz

Commissioner

U.S. Commodity Futures Trading Commission

Vaqas Rehman

Executive Director, Regulatory Affairs, Asia Pacific

J.P.Morgan

Seiji Ryusekido

Representative Director & President

DTCC Data Repository Japan K.K.

Noriyuki Shibata

Joint Project Manager, LIBOR Transition Project Team

Mizuho Financial Group

Masaharu Uchida

Market Specialist, Japan

Bloomberg L.P.

Atsuya Watanabe

Director, Markets and Securities Services

Citigroup Global Markets Japan Inc.

Kyoko Yamamoto

Vice President, Global Markets Planning Division

MUFG Bank, Ltd.

Hiromi Yamaoka

Member of the Board, Director-General, Future Institute for Economic Research and Financial Strategy, Financial Business & FinTech

Future Corporation

Shun Yanagisawa

Director, Head of Futures, Clearing and Collateral

Citigroup Global Markets Japan Inc.

Yutaka Yoshida

Joint General Manager of Market Risk Management Division

Aozora Bank

Shinichi Yoshiya

Executive Director, Legal and Compliance

Morgan Stanley MUFG Securities

Back to Top

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.

Back to Top

Follow us @isdaconferences for the latest on upcoming events.

For general questions, including exhibition/sponsorship opportunities, conference topics or location suggestions contact us:

conferences@isda.org | +1 212-901-6000