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ISDA Accounting Meeting

Accounting for Derivatives and Financial Instruments

2.5 CPE Credit Hours Available


* ISDA Members Only *

Monday, May 8, 2017
EPIC SANA Lisboa Hotel
Lisbon

PROGRAM AGENDA

 

 10:00 AM

 

Registration and Coffee

 

 

 

10:30 AM

 

Introduction and Welcoming Remarks
Antonio Corbi,
Director, Risk and Capital, ISDA

 

 

 

10:35 AM

 

Keynote Address

 

 

 

11:05 AM

 

The Importance of Hedge Accounting for Derivatives

  • FASB Recent Developments
  • ISDA Involvement with the FASB in Standard Setting Process
  • IASB Macro Hedging

Hee Lee, Partner, FAAS, Ernst & Young LLP

Dan Palomaki, Managing Director, Accounting Policy, Citigroup

 

 

 

11:30 AM

 

IFRS 9: Implementation Challenges

Classification and Measurement: Assessing, Documenting and Testing the ‘Business Model’ & ‘SPPI’

  • Key challenges on Business Model Assessment
  • Level of Sales
  • Key Challenges with SPPI
  • ISDA Involvement with the IASB on the Symmetrical Break Clauses  
  • Securitizations / Contractually Linked Instruments

Impairment: IFRS and U.S. GAAP

  • Overview of the two ECL models
  • The Importance of using Forward Looking Information
  • Practical Implications of both Models
  • Impact on Capital: ‘IFRS/U.S. GAAP divergence’

Lisa Bomba, Managing Director, Head of Accounting Policy & Advisory Group,

Deutsche Bank AG

Tony Clifford, Partner, FAAS, Ernst & Young LLP

Hee Lee, Partner, FAAS, Ernst & Young LLP

Dan Palomaki, Managing Director, Accounting Policy, Citigroup

 

 

 

12:15 PM

 

ISDA Facilitator of The Settle to Market Model (STM) 

  • Background: Balance Sheet Offsetting & Clearing
  • ISDA Involvement with Big 4, LCH Clearnet and CME
  • VM as Settlement rather than Collateral: House Accounts & Client Clearing
  • ISDA Led Industry Effort to Resolve STM Accounting Issues:
    • STM model: Impact on Hedge Accounting
    • STM model: Impact on Capital and Leverage Ratio

Antonio Corbi, Director, Risk and Capital, ISDA

Hee Lee, Partner, FAAS, Ernst & Young LLP

Dan Palomaki, Managing Director, Accounting Policy, Citigroup

 

12:45 PM

 

Meeting Concludes

 


Agenda is subject to change

- REGISTRATION FEE* -
$ 0 U.S. (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.

 

Avenida Engenheiro Duarte Pacheco 24, Lisbon, 1070-109. Phone +351 21 389 6600.
 

ISDA 32nd AGM

 



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