EVENT Oct. 25, 2019: International Swaps and Derivatives Association Schedules Annual Japan Conference

NEW YORK, Sept. 16 — The International Swaps and Derivatives Association will host the Annual Japan Conference at the Ritz-Carlton, Tokyo, Japan, Oct. 25:

Agenda and Speakers:

Building Momentum in RFRs

A number of public-/private-sector risk-free rate working groups are leading an initiative to move from LIBOR to alternative rates, such as risk-free rates (RFRs). What stage is the transition at and what is the industry doing to maintain momentum and build liquidity in the new RFRs? How is the buy side and other end users of derivatives preparing for the shift from LIBOR to alternative rates? What will benchmark reform mean for cross-currency swaps?

Moderator: Tomoko Morita, Senior Director and Head of Tokyo Office, ISDA

Speakers: Taro Matsuura, Chair, Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks, Managing Director, Corporate Planning Division, MUFG Bank, Ltd.; Hiroki Ootake, Head of Market Infrastructure Division, Financial Markets Department, Bank of Japan; Noriyuki Shibata, Joint Project Manager, LIBOR Transition Project Team, Mizuho Financial Group; Masaharu Uchida, Market Specialist, Japan, Bloomberg L.P.; Atsuya Watanabe, Director, Markets and Securities Services, Citigroup Global Markets Japan Inc.

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Margin: Countdown to Phase 5

With the phase-five implementation of initial margin requirements for non-cleared derivatives set for September 2020, what steps should participants take to finalize their preparation and what challenges do they face?

* AANA calculation and disclosure

* IM threshold monitoring

* IM calculation

* IM documentation negotiation

Moderator: Tara Kruse, Global Head of Infrastructure, Data and Non-Cleared Margin, ISDA

Speakers: Shinichiro Itozaki, Senior Manager, Financial Engineering Division, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.; Yutaka Yoshida, Joint General Manager of Market Risk Management Division, Aozora Bank; Shinichi Yoshiya, Executive Director, Legal and Compliance, Morgan Stanley MUFG Securities

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Implementing Capital Rules

The final pieces of the capital framework have been agreed by the Basel Committee on Banking Supervision, and will now be implemented by national regulators. What impact will the Fundamental Review of the Trading Book, credit valuation adjustment and SA-CCR have on bank capital requirements in Japan? How might the rules differ from other jurisdictions? How will these requirements interact with other rules like margin requirements and benchmark reform?

Moderator: Mark Gheerbrant, Global Head of Risk and Capital, ISDA

Speakers: Kenji Fujii, Managing Executive Officer, Head of Global Risk Management, Mizuho Securities; Shiro Katsufuji, Director, Deloitte Touche Tohmatsu; Vaqas Rehman, Executive Director, Regulatory Affairs, Asia Pacific, J.P. Morgan

* * *

Future of Derivatives: Global or Fragmented?

The Group of 20 has highlighted reducing market fragmentation as a key issue, but what can global standard setters and national regulators do to tackle the issue? Where is fragmentation creating the biggest problems for market participants? What impact has it had on Japanese derivatives users?

Moderator: Steven Kennedy, Global Head of Public Policy, ISDA

Speakers: Tomohiro Ishikawa, Managing Director, Head of Global Regulatory Affairs Department, Corporate Planning Division, Mitsubishi UFJ Financial Group Inc.; Satoshi Izumihara, Deputy Director for International Capital Markets Regulation, International Affairs Office, Financial Services Agency, Japan; Leng-Fong Lai, Partner, Clifford Chance; Shigeru Nonomura, ISDA Board Member, Managing Director, Co-Head of Rates Trading, Global Markets Japan, Nomura Securities Co. Ltd.

* * *

Standards, Tech and Docs

New technologies are being developed and implemented. Documentation is being digitized. Standardization is driving greater automation. But how do these trends link together? What does this mean in practice, and what are the costs and potential benefits?

Speakers: Katherine Tew Darras, General Counsel, ISDA; Motoyasu Fujita, Partner, Capital Markets Group (Structured Finance & Derivatives), Linklaters; Kyoko Yamamoto, Vice President, Global Markets Planning Division, MUFG Bank, Ltd.

* * *

Path to Post-trade Efficiency

Back-office processes continue to be highly manual, sucking up resources and resulting in operational costs. What's being done to standardize and automate collateral management, reporting and record-keeping processes? How can firms reduce their back-office burden?

Moderator: Yutaka Amagi, ISDA Board Member, Managing Director, Head of Global Markets Planning Division, MUFG Bank Ltd.

Speakers: Jason Ang, Global Program Manager, TLM Collateral Management, SmartStream Technologies; Seiji Ryusekido, Representative Director & President, DTCC Data Repository Japan K.K.; Shun Yanagisawa, Director, Head of Futures, Clearing and Collateral, Citigroup Global Markets Japan Inc.

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For more information: https://www.isda.org/event/tokyo/2019-isda-annual-japan-conference-2019-10-25/#anchor-agenda