Marisol Collazo, Managing Director and CEO of DTCC Data Repository (U.S.) LLC (DDR)
Executives from The Depository Trust & Clearing Corporation (DTCC) will join a broad range of industry representatives at the 30th Annual General Meeting of the International Swaps and Derivatives Association (ISDA) next week in Montreal.
Marisol Collazo, Managing Director and CEO of DTCC Data Repository (U.S.) LLC (DDR), will be a panelist during the “Data & Reporting” session on April 23. Tara Kruse, Co-Head of Data, Reporting and FpML at ISDA, will serve as moderator, and additional panelists include:
- Kevin Fine, Director, Derivatives Branch, Ontario Securities Commission
- Peter Fokes, Global Technology and Operations – Global Head Market Initiatives,
Director, Deutsche Bank
- Harry McAllister, Information Architect, BNP Paribas
- John Rogers, Chief Information Officer, CFTC
The panel of experts will discuss the current status of OTC derivatives reporting and regulatory and market participant challenges to further increasing transparency. Next steps in the process to improve data quality and facilitate data aggregation – topics which DTCC has been a strong advocate for the industry and the global regulatory community to collaborate on – will be highlighted. Another key point of discussion is expected to center on the removal of obstacles that delay progress in this critical area.
These topics were discussed in DTCC’s January 2015 white paper, “G20’s Global Derivatives Transparency Mandate,” which examines progress against the G20’s goal of derivatives transparency and calls for action on four key areas to promote a harmonized global plan:
- Reach agreement on the global data set required to identify systemic risk;
- Revise existing laws which prevent cross-border data sharing;
- Agree consistent data standards to be adopted across jurisdictions, leveraging existing standards where possible; and
- Agree a governance model enabling cross-border data sharing.
Other panels will focus on key topics in the over-the-counter (OTC) derivatives markets, including cross-border regulatory issues, the impact of the Markets in Financial Instruments Directive (MiFID) on derivatives activity in Europe, implications of recent and proposed capital rules and the impact of global regulations to end users.
Regulators across various jurisdictions are also expected to attend the event. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad will deliver the keynote regulatory address. Masamichi Kono, Vice Minister for International Affairs, Financial Services Agency, Japan; SEC Commissioner Michael Piwowar; Kay Swinburne, Member of the European Parliament (MEP), ECR Coordinator, Economic and Monetary Affairs; and CFTC Commissioner Mark Wetjen are scheduled to participate in a session to discuss cross-border harmonization and regulatory issues affecting the derivatives markets.
For more information and to view the ISDA conference agenda, visit http://agm.isda.org/agenda/.