Agenda

Agenda

Agenda

All times in GMT

14:0014:15

Interview and live Q&A with Edwin Schooling-Latter

14:00 - 14:15

Edwin Schooling Latter

Director of markets and wholesale policy

Financial Conduct Authority

Edwin Schooling Latter is Director of Markets and Wholesale Policy at the Financial Conduct Authority where his responsibilities encompass policy in relation to primary and secondary markets, trading venues, trading conduct, benchmarks, asset management and pensions.  From 2011-2014 Edwin was head of the Financial Market Infrastructure
Directorate at the Bank of England, responsible for supervision of CCPs, securities settlement systems, and systemically important payment systems, and for the Bank’s input to policy making on central clearing and OTC derivatives reforms. Prior to appointment as head of MID, Edwin worked in the Bank’s Financial Stability area for several years, including as secretary to the Bank’s Financial Stability Committee. Edwin was also previously Managing Director of UK payment system, LINK Interchange Network Ltd.

Duncan Wood

Global editorial director

Risk.net

Duncan Wood is the London-based editor-in-chief of Risk.net. He was promoted to the role at the start of 2015, to lead the editorial reorganisation of the website and its print titles. Wood had been editor of Risk magazine since July 2011. He rejoined Risk as European editor in October 2009, having originally worked for Risk and Asia Risk in London and Hong Kong as a writer and researcher between 1998 and 2000.

In the intervening years, Wood was news editor for the Oliver Wyman-founded online start-up ERisk.com. He also worked freelance for six years while living in Germany, with his work featuring in Euromoney, Financial News, IFR, and The Wall Street Journal, as well as Risk magazine and its sister titles. Wood has written about derivatives and risk throughout his 17-year career in journalism. He is a Neal Awards finalist, and has won Incisive Media's journalist and editor of the year awards.

14:1514:30

How the Libor transition is impacting firms’ business practices
Q&A with Mazars

15:45 - 16:00

Irina Ursachi

Senior manager

Mazars

Irina Ursachi has over nine years of experience in the banking industry, managing international projects in various European jurisdictions such as UK, France, and Germany. Her expertise covers the design and specification of business processes as well as the implementation of regulatory requirements, the execution of market developments  in trading systems and valuation models.

Mrs. Ursachi is an active contributor to research projects and publications in the area of Risk Management. 

14:3015:15

Leaving Libor behind

14:30 - 15:15

  • What does the market look like on January 2nd?
  • Remaining to do items for Sterling
  • What could go wrong?
Ian Fox

Group ibor transition director

Lloyds Bank

Ivan Jossang

Managing director

Morgan Stanley

Helen Bartholomew

Editor-at-large

RISK.NET

15:1515:30

Clearing of legacy Libor swaps

15:30 - 15:45

  • Robust CCP risk management
  • Legacy LIBOR trades
  • Swaptions
  • Post-registration conversion
Philip Whitehurst

Head of service development, rates

LCH

Philip Whitehurst is Head of Service Development for LCH’s Rates business which includes SwapClear, the market-leading swap clearing service it operates.

Based in London, Philip has over 25 years' experience in the OTC Derivatives markets in a range of functions and firms. Following initial roles trading GBP and DEM interest rate swaps and options, Philip spent more than 10 years structuring fixed income derivatives solutions for institutional and retail clients the APac and EMEA regions for the major international investment banks.

Philip joined LCH in 2009 to lead SwapClear’s Product Management function, and has been heavily involved in the design & development of many of LCH’s recent initiatives including SwapClear’s client clearing models, its compression services and the nascent extension into non-cleared OTC derivatives. He has most recently been representing LCH in industry forums, such as ARRC, established to address the challenge of Benchmark Reform.

15:3015:45

 Interview with Tom Wipf

15:15 - 15:30

Tom Wipf

Vice chairman of institutional securities.

Morgan Stanley

Tom is responsible for Morgan Stanley’s transition efforts to alternative reference rates to
replace LIBOR through the firm’s Global LIBOR Transition Steering Committee. This
group, spanning ISG, Wealth Management and Investment Management, will ensure that
all businesses and infrastructure organizations have a consistent set of Firm-level
guidelines, their own transition plans and accountability for transition readiness before
year-end 2021.
Tom most recently led the firm’s Global Business Continuity Management Organization,
which is responsible for strategic planning and risk management for potential cyber and
physical disruptions. He is a member of the firm’s Securities Operating Committee, Risk
Management Committee and Asset/ Liability Management Committee.
Prior to being named Vice Chairman, Tom was the Global Head of the Bank Resource
Management Division where he was responsible for the firm's secured funding, securities
lending, global hedging and collateral management activities.
Beginning his career in the industry in 1977, Tom joined Morgan Stanley in 1986 and has
been engaged in the Firm’s funding, collateral and hedging activities throughout his
career at the firm. Based in New York, Tom has also completed multi-year assignments
in Morgan Stanley’s London and Tokyo offices.
In April, 2019, Tom was named Chair of the Alternative Reference Rates Committee
(ARRC) by the Federal Reserve Board. The ARRC is a group of private-market
participants convened to help ensure a successful transition from USD LIBOR to a more
robust reference rate.
Tom was appointed Chair of the US Commodity Futures Trading Commission’s Market
Risk Advisory Committee (MRAC) Interest Rate Benchmark Reform Subcommittee in
October, 2018.
Tom served as Chair of the Treasury Market Practices Group (TMPG) until May 2019.
The TMPG is sponsored by the New York Federal Reserve and is an industry group
committed to supporting the integrity and efficiency of the U.S. Treasury and Agency
Mortgage Securities Markets.
Tom serves on the board of directors of International Swaps and Derivatives Association,
Inc. (ISDA). Tom was appointed to the Alternative Reference Rate Committee,
sponsored by the Board of Governors of the Federal Reserve in 2014. Tom previously
served on the Financial Research Advisory Committee to the US Treasury Office of
Financial Research from 2012 to 2017.

Helen Bartholomew

Editor-at-large

RISK.NET

15:4516:00

Interview & Q&A

14:15 - 14:30

Interview with Elisabeth Kirby, managing director, head of market structure, Tradeweb

Elisabeth Kirby

Head of U.S. rates strategy and product management

Tradeweb

16:0016:45

Looking ahead

16:00 - 16:45

  • December 31 readiness
  • Remaining issues for US market
  • Credit sensitive rates
  • What does the tail end of Libor look like?
Philip Whitehurst

Head of service development, rates

LCH

Philip Whitehurst is Head of Service Development for LCH’s Rates business which includes SwapClear, the market-leading swap clearing service it operates.

Based in London, Philip has over 25 years' experience in the OTC Derivatives markets in a range of functions and firms. Following initial roles trading GBP and DEM interest rate swaps and options, Philip spent more than 10 years structuring fixed income derivatives solutions for institutional and retail clients the APac and EMEA regions for the major international investment banks.

Philip joined LCH in 2009 to lead SwapClear’s Product Management function, and has been heavily involved in the design & development of many of LCH’s recent initiatives including SwapClear’s client clearing models, its compression services and the nascent extension into non-cleared OTC derivatives. He has most recently been representing LCH in industry forums, such as ARRC, established to address the challenge of Benchmark Reform.

Mark Cabana

Managing director and head of US rates strategy

Bank of America

Mark Cabana is the head of US Short Rates Strategy at BofA Merrill Lynch Global Research, based in New York. In this role, he publishes research and trade recommendations covering US short-term interest rates and macro strategy. He also meets regularly with a broad range of clients to discuss the firm's views on Fed policy, interest rates and financial regulation. He has been with the firm and in this role since 2015.

Before joining the firm, Cabana worked as an officer in the Markets Group at the Federal Reserve Bank of New York, which he joined in January 2007, analyzing global macroeconomic conditions and financial markets. Prior to that role, he was a senior trader/analyst on the Fed’s Treasury Market Policy staff.

Cabana earned a bachelor’s degree in political science and Asian studies at Furman University and a master’s degree from Johns Hopkins University in international relations. He is a CFA charterholder.

Lukas Becker

Desk editor, derivatives

Risk.net

Lukas Becker is the derivatives desk editor for Risk.net. His topics of interest include over-the-counter derivatives pricing, collateral management, market infrastructure and legal risk. He is based in London. He was previously the Europe, Middle East and Africa editor of Risk magazine.  

16:4517:00

Telethon close

16:45 - 17:00