ISDA’s first Annual Legal Forum is a major new conference that will spend a full day focusing on key current legal issues. The first part of the conference will consist of a senior keynote speaker and two plenary panel sessions with senior panellists that will set up the key issues in their broader legal and regulatory context. One plenary session will focus on aspects of clearing and the other will address the other G20 commitments as well as benchmarks. The afternoon’s breakout sessions will go into more detail on individual topics, and participants will be able to select the topics that are of most interest to them.
8:15 AM – Registration and Continental Breakfast
9:00 AM – Introduction and Welcoming Remarks
9:30 AM – Keynote Speech
10:00 AM
Panel Session – Regulatory Update – Compliance and Legal Impact
This session will cover a discussion of the following key issues, including, where relevant the Cross-Border impact of these issues, by the panellists:
Bank Recovery and Resolution
Electronic Trading and Trading Venues
Working Group on Margin Requirements (WGMR) – Margin for uncleared swaps
Benchmarks
Moderator:Samantha Riley, Assistant General Counsel, ISDA
Chris Bates, Partner, Clifford Chance LLP
Edward Murray, Consultant, Allen & Overy LLP
Heather Pilley, Markets Policy and International Division, Financial Conduct Authority
Cora Van Nieuwenhuizen, Member of the European Parliament, European Parliament
11:15 AM
Morning Break
11:30 AM
Panel Session – Clearing
This session will cover a discussion of the following key issues by the panellists:
CCP Resilience, Recovery and Resolution – The global picture
Clearing Regulation
Cross-Border issues and equivalence
Moderator: Samantha Riley, Assistant General Counsel, ISDA
Chris Arnold, Partner, Mayer Brown International LLP
Damian Carolan, Partner, Allen & Overy LLP
Julia Smithers, Clearing Lawyer, Citigroup
Allan Yip, Partner, Simmons & Simmons LLP
12:45 PM
Luncheon
1:45 PM
Breakout Sessions: These sessions will run simultaneously and a session will need to be chosen in advance.
A. What lawyers need to know about the impact of clearing on derivatives with a focus on clearing documentation
This breakout session will look to build on the client clearing elements of the panel session on Clearing and look at issues related to clearing for derivatives including:
A look at clearing structures
A focus on clearing documentation – What has changed and how will it continue to evolve?
What clearing related legal opinions might be required and what they will cover?
Moderator: Samantha Riley, Assistant General Counsel, ISDA
Nicolas Mehta, Head of Derivatives Policy and Development, CIB Legal, BNP Paribas
Richard Tredgett, Partner, Allen & Overy LLP
Michael Voisin, Partner, Capital Markets, Linklaters LLP
William Winterton, Senior Associate, Clifford Chance LLP
B. What you need to know about ISDA’s Working Group on Margin Requirements (WGMR) implementation from a legal perspective
This breakout session will look to build on the WGMR discussion and analyse upcoming issues related to margin for uncleared swaps including:
Key legal issues and implementation of WGMR framework
ISDA’s WGMR project and how documentation will change
Cross-Border issues and substituted compliance
Moderator: Roger Cogan, Head, European Public Policy, ISDA
Caroline Dawson, Senior Associate, Clifford Chance LLP
Emma Dwyer, Partner, Allen & Overy LLP
Tamsin Rolls, Executive Director and Assistant General Counsel, J.P.Morgan
3:00 PM – Afternoon Break
3:30 PM
Breakout Sessions: These sessions will run simultaneously and a session will need to be chosen in advance.
A. Bank Recovery and Resolution
This breakout session will look to build on the bank resolution elements of the panel session on Regulatory Compliance and look the impact of law and banking reform on derivatives including:
Recovery and Resolution Regimes in key jurisdictions
Regulations requiring contractual stays
An analysis of the ISDA Resolution Protocol(s)
Moderator: Samantha Riley, Assistant General Counsel, ISDA
Oliver Dearie, Legal Counsel, Resolution Directorate, Bank of England
Knox L. McIlwain, Associate, Cleary Gottlieb Steen & Hamilton LLP
Kate Sumpter, Counsel, Allen & Overy LLP
B. Law Reform, Netting and Legal Opinions
Law Reform and Netting in Europe, Middle East Africa – Key updates
ISDA Netting and Collateral Opinions
Impact of SFTR on documentation
Latest development in documentation for Islamic derivatives
Moderator: Peter Werner, Senior Director, ISDA
Alban Caillemer du Ferrage, Partner, Jones Day
Dominic Cooper, Senior Vice President, Citi
Habib Motani, Partner, Clifford Chance LLP
4:45 PM – Conference Concludes
Full details and booking: http://www2.isda.org/conferences/agenda/isda-annual-legal-forum-02-10-2016-london/
