Surveying the Changing Derivatives Landscape
Note: Remarks of all speakers will be simultaneously transmitted in Japanese and English.
8:15 AM
Registration and Continental Breakfast
Sponsored by DTCC
9:00 AM
Welcoming Remarks
9:10 AM
Keynote Address
Shunsuke Shirakawa, Deputy Commissioner for International Affairs,
Financial Services Agency, Government of Japan
9:40 AM
A Fireside Chat with ISDA Chairman Stephen O’Connor and ISDA CEO Scott O’Malia
ISDA’s new CEO, Scott O’Malia, joined the Association after two decades in government. During this session, he shares with ISDA Chairman Stephen O’Connor his views on the pace and substance of regulatory reform and ISDA’s role in that process.
10:10 AM
Morning Break
Sponsored by DTCC
10:40 AM
Japan: G20 Commitments, Regulatory Conflict and Harmonisation
This panel will discuss the key G20 regulatory reforms regarding rule implementation efforts of Japan and how these rules harmonised with US and EU rule sets. Topics covered include:
Trade Reporting
Electronic Trading Platforms
OTC Clearing
OTC Margining
Cross Border Harmonisation
Moderator: Tomoko Morita, Senior Director and Head of Tokyo Office, ISDA
Takehiro Hosomura, Director, Strategic Planning and Director, OTC Derivatives Clearing Service,
Japan Securities Clearing Corporation
Toru Oda, General Manager of Business Planning Department, Totan ICAP Co., Ltd.
Seiji Ryusekido, Representative Director & President, DTCC Data Repository (Japan) K.K.
Koji Sakurai, ISDA Board Member, Senior Vice President, Head of Business Planning Team,
Derivative Products Division, Mizuho Bank, Ltd.
Atsuya Watanabe, Managing Director and Asia Pacific Compliance, JP Morgan
Osamu Yoshida, Director, Office of Exchanges and FMIs, Financial Markets Division,
Financial Services Agency, Government of Japan
11:40 AM
SEF Trading: The Results So Far
What trends are we seeing with regards to trading on swap execution facilities (SEFs)? What impact is the SEF requirement having on trading activity and decision-making by firms? What does ISDA’s market research on SEF volumes say about potential market fragmentation? These and related questions will be discussed from research and market practitioner perspectives.
Moderator: Steven Kennedy, Global Head of Strategy, Research and Communications, ISDA
Nathan Jenner, Chief Operating Officer, Fixed Income Currency & Commodity E-trading, Bloomberg LP
Miyuki Takemori, Director, Tradeweb
Additional panelists to be announced
12:30 PM
Luncheon
1:30 PM
Implementing Margin Rules for Non-Cleared Swaps
Margin requirements for non-cleared derivatives are less than 18 months away. ISDA is working on a number of fronts to help the industry prepare for this new requirement. This includes developing and implementing a quantitative methodology for a Standard Initial Margin Model (SIMM) which ISDA recently shared with regulators, as well as solutions to the legal, collateral, operational and policy aspects related to the new margin requirements. This panel will review and discuss the industry’s efforts related to the margin requirements across multiple functions.
Moderator: Scott O’Malia, Chief Executive Officer, ISDA
Katherine Darras, General Counsel, Americas, ISDA
Athanassios Diplas, Senior Advisor to the ISDA Board and Principal, Diplas Advisors LLC
Tsuyoshi Hirano, Managing Director, Group Risk Management Department, Nomura Holdings, Inc.
Tomo Kodama, Managing Director, Bank of America Merrill Lynch
2:30 PM
A Panel Discussion of Key Developments in Clearing and Capital
A panel of leading practitioners will highlight the most important recent developments and still evolving issues in the clearing and capital arenas. This will include, inter alia:
The most recent proposals in August for the Fundamental Review of the Trading Book and its potential impact on bank capital requirements as well as market pricing and liquidity
A discussion of CCP Default Resources and the most recent thinking on Recovery and Resolution Frameworks for CCPs
Moderator: Mark Gheerbrant, Head of Risk and Capital, ISDA
Kenji Fujii, Executive Officer, Member of the Board of Directors, Head of Global Risk Management,
Mizuho Securities Co., Ltd.
Ben Runnacles, Vice President, Head of Asia Pacific FICC Technology, Goldman Sachs & Co.
Atsuya Watanabe, Managing Director and Asia Pacific Compliance, JP Morgan
3:30 PM
Afternoon Break
Sponsored by DTCC
4:00 PM
Key Legal Developments in Today’s Derivatives Markets
This session will cover key legal and documentation developments in the areas of stay on close-outs in resolution and will highlight the soon to be implemented 2014 Credit Derivatives Definitions.
Moderator: David Geen, General Counsel, ISDA
Motoyasu Fujita, Partner, Capital Markets Group (Structured Finance & Derivatives), Linklaters
Matthew Hebburn, Partner, Allen & Overy
Akihiro Wani, Senior Counselor, Ito & Mitomi
(Registered Associated Offices of Morrison & Foerster LLP)
5:00 PM
Conference Concludes
Booking and information here: http://reg.isda.org/conferences/agenda/2014-isda-annual-japan-conference-10-30-2014-the-ritz-carlton-tokyo-1/
