Fixed Income Future Leaders USA 2017

May 16-May 18, 2017

Westin Copley Place - Boston

44 (0)207 368 9330

Tara Kruse


<p>Tara Kruse is the head of ISDA’s Non-Cleared Margin Initiative which facilitates the implementation of margin rules for non-cleared derivatives across jurisdictions and which developed and maintains the ISDA Standard Initial Margin Model (SIMM)TM, a common initial margin methodology that can be used by market participants globally. Previously, Ms. Kruse held the position of Co-Head of Data, Reporting and FpML at ISDA where she focused on resolving regulatory issues pertaining to data and trade reporting. In addition to promoting global data harmonization and industry standard identifier solutions, she was responsible for ISDA’s advocacy efforts pertaining to derivatives trade reporting in the U.S. and Canada.<br />
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Before joining ISDA, Ms. Kruse was a vice president in the Derivatives Projects Group at Morgan Stanley responsible for implementation of global trade repository reporting for credit and equity derivatives and global cross-asset regulatory reference data. Prior to that, she held the role of head of Americas IRCC Derivative Documentation and global head of Credit Derivative Documentation Drafting at Morgan Stanley. Before Morgan Stanley, Ms. Kruse was the global head of Credit Derivatives Documentation at Bear Stearns.</p>

Day 1- Wednesday May 17th 2017

13:40 PM Industry Perspective: New uncleared margin rules- Gain clarity on the impact they will have on your fixed income desk and the steps you should take now to meet these new requirements

  • A regulatory update on the plans by the CFTC Division of Clearing and Risk- Where are the current clearing proposals up to and how will you be impacted?
  • Margins for uncleared trades- What are the next ‘phased in’ periods and when will these come into force?
  • What impact will margin variation rules have on the buy side- Do the benefits outweigh the additional costs?
  • How will the later implementation date in Europe impact cross border compliance and could this lead to an uncompetitive global landscape?
  • What impact will the new clearing mandate have on the fixed income market structure once these changes are fully implemented?