Global Implications of This Brave New World
As a result of commitments made at the G20 in 2009, member states across the globe are engaging in a number of regulatory reform initiatives addressing derivatives. Though the G20 members agreed to some basic principles of regulation, and officials say that some level of cooperation and coordination is happening, the proposed regimes are not identical, and each may have extraterritorial effects. These new sets of rules and regulations emanating from each jurisdiction's initiative may present some difficult compliance issues for end users of derivatives with global trading operations. An analysis of this thorny and pivotally important issue will review:
- How real is the threat of a product trading exodus from the US?
- Extraterritoriality and the interoperability between different jurisdictions as a key issue in light of the different regulations being proposed in the US and Europe
- Is extraterritoriality potentially a mirage?
- Where will there be convergence and what is the likelihood of integration between Dodd-Frank, Basel III, MiFID and others?
- Issues and considerations of the impact to market participants related to the timing differences of the Central Clearing mandate in the U.S. (sooner) versus Europe (later) H
- How are non-US banks being classified?
Will Rhode, Principal, Director of Fixed Income, TABB GROUP
David Lucking, Partner, ALLEN & OVERY LLP
Mark Calabria, Director of Financial Regulation Studies, CATO INSTITUTE
Wallace Turbeville, Senior Fellow, DEMOS
Kay Swinburne, MEP, Coordinator - Economic and Monetary Affairs Committee, EUROPEAN PARLIAMENT
Gary DeWaal, Senior Managing Director & General Counsel, NEWEDGE USA, LLC
Link to Event Site