The Canadian Institute's 9th Derivatives Reform

Registration Opens and Coffee Served

Opening Remarks from the Co-Chairs

Regulators’ Roundtable: Deciphering Canada’s New and Evolving Derivatives Regulations to Set and Maintain Appropriate Risk Controls

• Key new changes: An update on the status of the CSA model provincial rules
  • The Scope Rule: Derivatives – Product Determination
  • The TR Rule: Trade Repositories and Derivatives Data Reporting
• Setting priorities: understanding the new rules, identifying your key focus areas, and preparing for what is on the horizon
• Strategies for implementing the CSA model provincial rules
• A practical guide to complying with the changes
  • What to do, what to fill out
• How Ontario and other provinces are dealing with the changes
  • Lessons learned from your counterparts across the country
  • Examining the effectiveness of common practice: your opportunity to shape legislation
• Implications of the new, onerous reforms on your business’ profitability and bottom line

Networking Coffee Break

Adopting the Principles for Financial Market Infrastructures: How to attain a benchmark level of risk control

• Understanding the main risks associated with financial market infrastructures (FMIs) and how to manage them efficiently and effectively
• Adoption and implementation of the Principles of FMIs (PFMIs) by the Bank of Canada
• International adoption and implementation of the PFMIs

Strategic Guidance for Implementation of and Compliance with the new Central Clearing Process

At the outset: What to look for

• Availability of exemptions from clearing requirements
• Operational and legal mechanics involved in central clearing
• Contracts required to commence central clearing

Moving forward: Creating your action plan

• Understanding the requirements and deadlines surrounding Dodd-Frank regulations
  • Mandatory clearing of swaps
• Overcoming the operational and legal challenges involved in client on-boarding
• Implementing processes and operational and management systems to ensure regulatory compliance
• Assessing the top risk management considerations for different stakeholders:
  • compliance officers
  • buy-side
  • sell-side
  • clearing houses
  • regulators

Networking Luncheon for Speakers and Delegates

Risk & Compliance: Evaluating and measuring your risk tolerance to meet the latest regulatory requirements

• Practical solutions to current compliance issues faced by your business: what is working for the leaders?
• Understanding the key risks associated with the use of derivatives, and how these risks are changing
• Benchmarking the current metrics used to manage and measure risk from a compliance perspective

Registration and reporting:

• What pieces come under mandatory registration?
• Making sense of the latest swap counterparty certification requirements
• Understanding the new representations and warranties required by Canadian banks with U.S. parents

Developments with Collateral: Solutions to address your compliance and management challenges

Guidance on collateral requirements:

• Continuing regulatory transformation
• Collateral management automation
• Buy-side challenges and best practices
• Managing the liquidity squeeze

Collateral management:

• When to outsource collateral management
• When to internally deploy a vendor’s collateral management system
• How to build your own collateral management system
• What are the best collateral management processes for your business

Networking Coffee Break

Practical Implications of The New Trading Regime: What you need to exceed regulatory expectations

• What will the OSC monitor and how will it respond to compliance deficiencies
• What might the new trading rules look like
• Practical implications of the reforms on how the trades are to be carried out
• Requirement to report your derivatives trade: how to deal with cross border gaps, conflicts and inconsistencies in rules

Managing New Requirements in OTC Derivatives: Guidance to get your company compliance-ready

• Swap execution facilities under Dodd-Frank
  • User agreements and other required documentation
• Understanding the implications of OTC derivative registrant rules for swap dealers
• Future trends: equitization of the OTC market and how to prepare
• Best practices for OTC derivatives: the essential elements of best practice that are relevant to your particular scale of activity

Closing Remarks, Forum Adjourns

Coffee Served

Opening Remarks

A Canadian Perspective on Dodd-Frank Title VII (OTC Derivatives): Key aspects affecting your business and how to prioritize your obligations

• Overview of the key pieces of Dodd-Frank Title VII (OTC Derivatives)
• Latest developments: current regulations in force and preparing for those upcoming
• Solutions to manage the effects of the new rules on your business
• Nuts and bolts guidance on complying with Dodd-Frank
  • The how, the who and the what – how it all works, who is affected and what procedures must be followed

International Check-Up: Industry strategies to prepare your business for global change

Designed for derivatives practitioners in Canada having to grapple with reform in multiple jurisdictions, this is a timely panel discussion that will address the ways in which Canadian market participants can parlay past compliance initiatives to compliance with regulations in other jurisdictions

• How regulators are dealing with cross-border issues within the global market including margin, segregation, and risk management issues and initiatives
• Practical guidance on preparing for the convergence of European and North American markets and regulations
• Round-the-world check-up: Singapore, Hong Kong, EMIR, UK, Canada, U.S. – and how it may all come together
• US: CFTC guidance on cross-border issues, ISDA® documentation and practical recommendations for Canadian market participants
• EU: ESMA’s Final Report and recommendations and what it means for regulators in six countries including Canada
• Canada: given international regulatory initiatives in the derivatives space, the current timeline for Canadian regulations

Networking Coffee Break

Basel III: Clarifying the Changes to the Liquidity Coverage Ratio

• Highlights of amendments to the Liquidity Coverage Ratio standard
• In-depth outline of:
  • High quality liquid assets – the numerator
  • Total expected net cash outflows – the denominator
• Implementation of Basel III in Canada: what should you be focusing on now?

Closing Remarks, Forum Concludes