Programme

Programme

Thursday, November 7, 2019

08:00

Registration opens

09:00

Opening remarks

Robert Mackenzie Smith, editor, US asset management, RISK.NET

09:10

Beyond Libor regulatory keynote: managing risks and generating opportunities

  • Key risks to consider as we approach end-2021
  • Divergence in transition paths across markets and jurisdictions
  • Predictable outcomes and non-regrettable actions

09:50

Dangers for corporate and asset managers in the transition 
Quick fire presentations from leading firms tackling the transition 

  • The transition impact on leading firms  
  • Transition planning and programme essentials
  • Implementation risks – examples

Chris McAllister, global head of derivatives trading, Prudential 
Christian Rasmussen, head of group treasury assets and liabilities americas, UBS

Alice Wang, managing director corporate and investment bank strategy, J.P. Morgan Chase

10:30

Morning networking break

Knowledge cafés – join your choice of speaker-hosted discussion tables in order to get your questions answered by the experts

11:15

Dawn of Alternative Reference Rates: Curve Construction Fundamentals
•    Introduction to RFRs and Curve Stripping: A Focus on SOFR
•    New Curve Instruments Observed in Today’s Market Based on ARRs
•    Market Best Practices in Constructing Curves and How They Can Be Applied to ARRs
Ping Sun, senior vice president of financial engineering, Numerix

11:45

Operational readiness panel discussion

  • Operational challenges of moving to new rates
  • A checklist for systems upgrades – the size of the IT challenge and what changes firms need to make

Tara McCloskey, head of derivatives middle office, MetLife

12:10

Lunch and networking break

Content led lunch tables – lunch and learn by joining industry leaders and peers at your choice of themed, content-led lunch tables

13:00

Managing the internal and external communication challenges panel discussion  

  • Client expectations
  • Contract negotiations
  • Legacy contracts 
  • Conduct and governance
  • Fiduciary duty for asset managers 
  • Customer care for banks

Brian Grabenstein, managing director and head of LIBOR transition office, Wells Fargo

Sairah Burki, managing director, head of policy, Structured Finance Association

Rachel Bryant, head of libor transition, Regions Bank

13:30

Implementing new Libor fallback provisions panel

  • Amendment of ISDA’s 2006 definitions for OTC derivatives and adoption for legacy contracts via protocol
  • Fallback provisions for FRNs and syndicated loans
  • Fallback provisions for bilateral loans and securitizations


Tess Virmani, associate general counsel & senior vice president, public policy, LSTA
Gary Horbacz, principal, fixed income structured product team, Prudential Financial

Ann M. Battle, assistant general counsel, ISDA 

Chris Killian, managing director, securitization and credit markets, SIFMA
Alexis Pederson,
senior company counsel, Wells Fargo

14:00

Libor demos: how can technological advances support your firm in the transition?

  • Using AI to validate exposure
  • Linking structured data and unstructured data
  • Contract analytics

Libor presentation and demo
Session to be determined
Chris Dias, principal, KPMG 

15:00

Afternoon networking break

15:30

RFR trading panel: portfolio issues and volumes 

  • What is the trader’s view of volumes, products and trends?
  • What are the emerging product opportunities?

Edward Ocampo, advisory director, Quantile Technologies

16:00

Libor to SOFR Keynote: what happens next?

Will Libor cease to exist beyond 2021?

16:30


For or against SOFR as the benchmark rate Oxford style debate
This house believes that SOFR should and will be the main benchmark rate.

FOR:
Gaurav Shukla, managing director, Morgan Stanley 

Blake Gwinn, US rates strategist, NatWest Markets

AGAINST: 
Ralph Axel, director in US rates research, Bank of America Merrill Lynch

17:15

Chair’s summary and closing remarks

17:25

Networking drinks