ISDA Benchmark Forum

ISDA ベンチマークに関するフォーラム

Tuesday, July 16, 2019
Fukuracia Marunouchi OAZO | フクラシア丸の内オアゾ
Tokyo

Member $175 U.S.

Non-Member $225 U.S.

Note: This forum will be conducted in Japanese. Simultaneous translation in English will NOT be provided.
Presentation materials will be prepared in English or Japanese.

このフォーラムは日本語にて行われ、英語への同時通訳はございません。資料は日本語あるいは英語です。

 

This half-day forum will provide an update on benchmark reform efforts globally.  Since 2013, IOSCO and the FSB Official Sector Steering Group (OSSG) and public-private sector working groups in various jurisdictions have been working to reform major interest rate benchmarks, identify alternative rates and develop plans for adoption of those rates.  In parallel with these efforts, ISDA and others have been leading work to enhance contractual robustness of derivatives and other financial instruments by implementing clear and certain fallbacks that would apply if a key benchmark is permanently discontinued.  The importance of this work 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, which called into question the future of LIBOR after that date.  This forum will cover market, economic, operational and legal issues related to these topics, as well as related regulation in certain jurisdictions.

 

2013年以降、IOSCO、FSB OSSG (Official Sector Steering Group)、および各国の官民作業部会では、代替指標の特定や当該レートの利用推進等、金利指標改革に向けた取り組みを行っています。それと並行して、ISDAでは主要となる金利指標が恒久的に停止した場合に適用されるフォールバックをデリバティブや金融取引に導入するための検討を行っております。2017年7月に英国FCA長官が2021年末以降LIBORのパネル行に対し呈示を義務付けないと発言したことによって、LIBORの将来に対する不確実性が高まり、フォールバック策定や移行に向けた作業の重要性が急激に増しました。

本フォーラムでは、重要なトピックであるベンチマークについて、マーケット、経済的、オペレーション、規制や法的な観点から検討を行います。

 

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Tuesday, July 16, 2019

Print Agenda ISDA Benchmark Forum for

12:45 PM Registration and Coffee | 受付

1:25 PM Opening Remarks | 開会の挨拶 Tomoko Morita

1:30 PM Keynote Address | 基調講演 Hiroyuki Shiozawa

1:45 PM Global Progress of Financial Benchmark Reforms |グローバルでの金利指標改革の現状 Atsuya Watanabe

2:30 PM Update on Benchmark Regulations in the EU and other Key Jurisdictions | ベンチマーク規制の動向(欧州ベンチマーク規制他) Motoyasu Fujita

3:10 PM Coffee Break | 休憩

3:30 PM Transition to Alternative Benchmarks and Development of IBOR Fall-backs | 代替指標への移行とフォールバック導入に向けて Yutaka Amagi, Shigeru Nonomura

4:10 PM Panel Discussion | パネル・ディスカッション Tomoko Morita, Shinichiro Itozaki, Takahiko Kaneko, Shigeki Morita, Noriyuki Shibata, Yosuke Unami

LIBORからリスク・フリー・レート(RFR)への移行やフォールバック導入に向けた課題や現在の取り組みについて、流動性、商品性、リスク管理、クリアリングや法務・ドキュメンテーションなど、様々な切り口で議論を行います。

5:30 PM Forum Concludes | 閉会

Agenda is subject to change.

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フクラシア丸の内オアゾ 東京都千代田区丸の内1-6-5、丸の内北口ビル16階
Fukuracia Marunouchi OAZO, Marunouchi Kitaguchi Bldg. (OAZO), 16th Floor, 1-6-5, Marunouchi, Chiyoda-ku, Tokyo

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Yutaka Amagi

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

MUFG Bank, Ltd.

Motoyasu Fujita

Partner, Capital Markets Group (Structured Finance & Derivatives)

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Shinichiro Itozaki

Senior Manager, Financial Engineering Division

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Takahiko Kaneko

Director, Clearing Planning and OTC Derivatives Clearing Service

Japan Securities Clearing Corporation (JSCC)

Tomoko Morita

Senior Director and Head of Tokyo Office

ISDA

ISDAConferences

Shigeki Morita

Managing Director, Head of FIC Japan

Deutsche Securities Inc.

Shigeru Nonomura

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

Nomura Securities Co., Ltd.

Noriyuki Shibata

Joint Project Manager, LIBOR Transition Project Team

Mizuho Financial Group, Inc.

Hiroyuki Shiozawa

Director, Head of Market Infrastructure Group, Market Infrastructure Division, Financial Markets Department

Bank of Japan

Yosuke Unami

Managing Associate, Capital Markets Group (Structured Finance & Derivatives)

Linklaters

Atsuya Watanabe

Director, Markets and Securities Services

Citigroup Global Markets Japan Inc.

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Registration fee is for one person to attend the entire event. Pass may not be split between multiple attendees.
参加費は1名様分の料金です。1名分のお申込みで複数の方はご参加いただけません。
(当フォーラムはグループ割引の適用はございません)

Member $175 U.S.

Non-Member $225 U.S.

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Intermediate

Some knowledge of derivatives documentation is assumed. No advance preparation is required.

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