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Extraterritoriality in International Derivatives Regulation

5.25 CPD Credit Hours Available (England and Wales) 
 

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


Thursday, September 7, 2017
One Bishops Square
London

PROGRAM AGENDA

Regulators’ efforts to implement the 2009 G-20 commitments continue. Whilst significant progress has been made in the derivatives-related undertakings agreed at the Pittsburgh summit (e.g. clearing, reporting, and execution), one undertaking that has proved troublesome is the commitment to avoid ‘fragmentation of markets, protectionism and regulatory arbitrage’, at least in derivatives regulation. Differing implementation timetables, ambiguity, and in some cases, the intrusiveness of the territorial scope of major regulators’ responses to the G-20 mandates have led to uncertainty in the market place, with industry participants grappling with the practical consequences. This conference, bringing together experts in different derivatives fields, will assess the causes, consequences and eventual solutions to these extraterritorial tensions.   

 

 

 

8:15 AM

 

Registration and Continental Breakfast

 

 

 

9:00 AM

 

Introduction and Welcoming Remarks
Roger Cogan,
Head, European Public Policy, ISDA

 

 

 

9:15 AM

 

 

Differing Responses to the G20 Commitments: Sources of extraterritorial tension

  • US response
  • EU response
  • Asian response

Caroline Dawson, Senior Associate, Clifford Chance LLP
Thomas Donegan, Partner, Sheaman & Sterling LLP

 

 

 

10:15 AM

 

Morning Break

 

 

 

10:45 AM

 

Extraterritoriality and Regulatory Tensions Arising from Other (non-G20) Regulation

  • Basel standards
  • Volcker rule
  • CCP Recovery & Resolution
  • Benchmarks

Ulrich Karl, Head of Clearing Services, ISDA

 

 

 

12:00 PM

 

 

The G20 remedies for derivatives business: Clearing, Margin and Trade Execution

  • International convergence (and coherence) on margin
  • Clearing obligation – Remaining Cross-Border issues
  • Race against time on trade execution (3 January 2018)

Jamie Brigstock, Director, G10 Rates Trading & Sales Business Manager, Citigroup
Emma Dwyer, Partner, Allen & Overy LLP
Ulrich Karl, Head of Clearing Services, ISDA

 

 

 

1:00 PM

 

Luncheon

 

 

 

2:00 PM

 

 

Regulatory Reporting: Challenges to reporting coherence

This session will summarise the territorial scope of reporting obligations in the US under Dodd-Frank and in Europe under EMIR. It will discuss some of the issues around confidentiality and counterparty data masking as well as current efforts by the regulatory community to identify solutions to facilitate global aggregation of information stored in Trade Repositories and how this can be shared among authorities.
Ian Sloyan, Director, Data and Reporting, ISDA

 

 

 

3:00 PM

 

Afternoon Break

 

 

 

3:15 PM

 

Fixing the post G-20 rulebook – exacerbating or resolving tensions

  • KISS Project
  • EMIR Review

Roger Cogan, Head, European Public Policy, ISDA
Brett Hillis, Partner, Reed Smith LLP

Vladimir Maly,
Partner, Morrison & Foerster LLP

 

 

 

4:15 PM

 

Conference Concludes

 

 

 

 


Agenda is subject to change

- REGISTRATION FEE* -
$ 850 U.S. (member) / $ 975 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.

 

Allen & Overy LLP, One Bishops Square, London, E1 6AD. Phone +44 (0) 203 808 9700. A map to the venue can be found here.
You will be required to provide photo identification in order to enter the venue. Please ensure you present this at the ground floor reception or you may be refused entry.


 

 


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at +1 212-901-6000  or e-mail conferences@isda.org