Your Firm and the ISDA Resolution Stay Protocol
Overview:
The International Swaps and Derivatives Association, Inc. (ISDA) has laid out a new Resolution Stay Protocol intended to support cross-border resolution, strengthen the systemic stability, and reduce risks of bank failure. Eighteen major global banks agreed to adhere to the protocol, imposing early termination rights, through the power of ISDA Master Agreements. This will enable immediate termination, acceleration, and liquidation of collateral when bankruptcy or insolvency occurs. The Protocol will take effect on January 1, 2015 and will govern both existing and new derivative contracts between G-18 firms.
In a two hour, live webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will discuss the significant and latest issues with regard to the ISDA Resolution Stay Protocol.
Key topics include:
- ISDA Stay Protocol Discussed
- ISDA Master Agreement Early Termination Provisions
- Terms of the Protocol
- Regulatory Initiatives Toward Broader Adoption of Contractual Stays
- Operative Provisions of the Protocol
- Special Resolution Regimes
- US Insolvency Proceedings of Affiliates and Credit Enhancement Providers
- Latest Regulatory Developments
Agenda:
Segment 1:
Warren Davis, Of Counsel
Sutherland Asbill & Brennan LLP
- Intro and history of stay protocol
- A complex protocol trying to avoid the Lehman scenario with a mass termination of contracts – this would set up a period of time to regroup License.
- Not all that dramatic for US counterparties dealing with US swap dealers.
- Tone down dramatic concerns.
Segment 2:
Claire Hall, Of Counsel
DLA Piper
- Protocol as it works today
Segment 3:
David T. McIndoe, Partner
Sutherland Asbill & Brennan LLP
- Stay Protocol
Who Should Attend:
- Attorneys (Practice Area: Banking & Finance, Insurance & Related)
- Bankruptcy Lawyers and Practitioners
- Bankruptcy Professionals
- Banks and Financial Institutions’ Executives
- Banks Senior Management
- Bank and Financial Institution Auditors
- Bank and Financial Institution Executives
- Bank Executives
- Bank Regulation Lawyers
- Executives and Senior Officers of Banks, Thrifts, Credit Unions, and other Financial Institutions
- Senior Bank Executives
- Finance Executives
- Compliance Professionals
- Other Related/Interested Professionals
Claire Hall is an Of Counsel in DLA Piper’s derivatives practice. Claire joined the firm having previously worked at leading …
For the past 20 years, Warren Davis has advised clients on derivatives, related risk management activities and financial disclosure. Warren …
David T. McIndoe is a partner at Sutherland Asbill & Brennan LLP. Based in Washington, DC, he is co-head of …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
143557
NASBA Field of Study:
Specialized Knowledge and Applications
NY Category of CLE Credit:
Areas of Professional Practice
Total Credits:
2.0 CLE
Login Instructions:
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SPEAKERS' FIRMS:
About DLA Piper
DLA Piper is a global law firm with 4,200 lawyers in the Americas, Asia Pacific, Europe and the Middle East, positioning us to help clients with their legal needs around the world and enabling us to offer comprehensive cross-border counsel. Our lawyers are able to offer local, national and international experience and expertise. We strive to be the leading global business law firm by delivering quality and value to our clients. Our clients include multinational, Global 1000, and Fortune 500 enterprises, hedge funds, banks, financial institutions, insurance companies and emerging companies around the globe.
Website: https://www.dlapiper.com/en/us/
About Sutherland Asbill & Brennan LLP
Sutherland Asbill & Brennan LLP provides legal services worldwide to diverse clients in seven major practice areas: corporate, energy and environmental, financial services, intellectual property, litigation, real estate and tax.
Website: https://www.sutherland.com/