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ISDA Symposium®

Credit Support Annexes Today

Exploring the New World of Regulatory-Compliant CSAs

3.5 CLE Credit Hours Available (New York)
Transitional and Nontransitional

4 CPD Credit Hours Available

Monday, May 8, 2017
Dom Pedro Palace Hotel



 12:30 PM


Registration and Buffet Lunch




1:00 PM


Introduction and Welcoming Remarks
Mark New, Senior Counsel, Americas, ISDA




1:15 PM


State of the Industry and Recent Developments

The international variation margin requirements have involved a huge industry effort to amend or create CSAs to comply with regulations. A panel will provide perspectives on the current status of this effort and the latest regulatory developments. 

  • Where are we in the implementation schedule?
  • What have different firms done to meet this challenge?
  • How have recent regulatory developments affected this?
  • What do CSAs look like now as a result?
  • Is there still work to be done?

Moderator: Mark New, Senior Counsel, Americas, ISDA
Emma Dwyer, Partner, Allen & Overy LLP
Francis Edwards, Partner, Clifford Chance LLP
Greg O'Donohue, Senior Legal Counsel, Derivatives, Ontario Teachers' Pension Plan
Shalini Sharma, Senior Legal Counsel, RBS




2:30 PM


Special Topics in Variation Margin Documentation 

Some types of counterparties have needed to negotiate particular terms in their regulatory-compliant CSAs. What are the special cases, and how are they handled? 

  • Separately managed accounts
  • Non-netting counterparties
  • Counterparties required to segregate collateral

Ilene Froom, Partner, Reed Smith LLP
Jeff Robins, Partner, Cadwalader, Wickersham & Taft LLP




3:30 PM


Coffee Break 




3:45 PM


Future Developments

Have today’s CSAs reached a steady state, or are further amendments expected? How will future regulatory developments impact today’s CSAs and new CSAs created in the future? 

  • Substituted compliance/equivalence determinations
  • Additional margin regimes coming into effect
  • Initial margin phase-in
  • Legal changes impacting netting or collateral enforceability
  • MiFID product definitions

Moderator: Mark New, Senior Counsel, Americas, ISDA
John Ho, Head, Legal, Financial Markets, Standard Chartered Bank
Tamsin Rolls, Executive Director and Assistant General Counsel, J.P.Morgan
Deepak Sitlani, Partner, Linklaters LLP




5:00 PM


Symposium Concludes


Agenda is subject to change

$ 400 U.S. (member) / $ 500 U.S. (non-member)
*The invoice total must be paid in full - registration fees are net of tax and wire transfer fees are not included.

We suggest registering at least two weeks in advance to ensure your seat.

Please click here for the Conference Registration Form.


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