ISDA Symposium® Financial Benchmarks | International Swaps and Derivatives Association Inc. (ISDA) | 15 June 2017 | London, United Kingdom, One Bishops Square

Regulatory intervention on financial benchmarks was not initially part of the regulatory plan agreed by G20 leaders in 2009 but became a focus after some high profile cases of manipulation (e.g. Libor). Policymakers are keen to impose strong conduct rules on benchmark administrators and users that will significantly affect the conditions under which market participants (banks, buy-side firms and corporates) will use the wide range of financial benchmarks that are published over the world. The EU regulation on financial benchmarks that comes after the IOSCO principles is at the heart of this regulatory wave and applies as from 1 January 2018. In addition to concerns over appropriate use, authorities in key financial centers are encouraging the market to develop alternative, nearly Risk-Free Rates and designate fallbacks for contracts that continue to reference IBORs.

Scott O’Malia, Chief Executive Officer, ISDA

Caroline Dawson, Senior Associate, Clifford Chance LLP

Vinay Reddy, Director, Legal, Barclays Bank PLC

Julia Rodkiewicz, Assistant Director, European Public Policy, ISDA

Harriet Hunnable, Manager, Benchmarks Policy, Financial Conduct Authority

Rick Sandilands, Senior Counsel, Europe, ISDA

Deepak Sitlani, Partner, Linklaters LLP

Ann Battle, Assistant General Counsel, ISDA

Petra De Deyne, Benchmarks Governance, Operations and Development Manager, EMMI

François Jourdain, Chair of the Bank of England Risk Free Rate ("RFR") Working Group,
Chief Compliance Officer, Barclays International

Stephane Cuny, Global Head of Benchmarks Supervision, Société Générale

Heather Pilley, Markets Policy/Strategy & Competition Division, Financial Conduct Authority