This intensive morning program includes regulatory insights, an overview of industry-recommended best practices, and a discussion of market implications.


8:00 - 8:30am                                          Registration and Continental Breakfast
8:30 - 9:15am            Gary GenslerKeynote Speaker: Gary Gensler
Co-Chair of the IOSCO Board Level Task Force on Financial Benchmarks and Chairman of the US Commodity Futures Trading Commission (CFTC)

IOSCO has recently sought views on possible measures to overhaul the setting and governance of benchmark rates; the deadline for comment was 11 February. Mr. Gensler will address our audience shortly after a public roundtable on IOSCO's "Financial Benchmarks" Consultation Report and in advance of IOSCO's guidance, expected this spring.
9:15 - 10:00am           Industry Best Practices: GFMA's Principles on Financial Benchmarks
Given the importance of benchmarks in the financial system, GFMA coordinated financial institutions across the globe to develop best practices for financial benchmarks. GFMA encourages international regulators to utilize these Principles as a basis for crafting uniform international standards.
The panelists will provide:
  • A synopsis of recent regulatory reviews and initiatives
  • An overview of GFMA's Principles 
  • The industry's views on benchmark regulation and governance


Randy SnookRandy Snook
Executive Vice President


Jim RosenthalJim Rosenthal
Chief Operating Officer
Morgan Stanley

Susan Krause BellSusan Krause Bell

Managing Director
Promontory Financial Group 

Anthony MurphyAnthony Murphy

Managing Director
Promontory Financial Group

10:00 - 11:00am                                Panel Discussion: Market Implications of Industry and Regulatory Actions

Financial benchmarks have a significant impact on global market activity. Certain benchmarks are widely used as reference points for determining payments made on at least $750 trillion worth of financial products, including mortgages and student loans. They also set the prices of a significant number of derivatives contracts.

In this panel, benchmark sponsors, users, calculation agents and other market participants will discuss the practical implications of recent regulatory and industry actions.


Martin DicksonMartin Dickson
US Managing Editor
Financial Times


Gary Chan Gary Chan
Managing Director and Head of Fixed Income

Harry LipmanHarry Lipman

Global Product Head
Bloomberg OTC Derivatives

Peter MossPeter Moss
Managing Director, Trading
Thomson Reuters

Sam PriyadarshiSam Priyadarshi
Head, Fixed Income Derivatives
The Vanguard Group

WallinJames Wallin
Senior Administrative Officer, Fixed Income
Alliance Bernstein


  • GFMA smartbrief
    Free, essential financial industry news, delivered daily.
    Sign up now.
  • Gfma weekly update
    Regulatory and legislative developments from across the globe. View Current Issue
    Sign up now.
  • GFMA LEI Update
    Stay up to date with legal entity identifier developments.
    View Current Issue
    Sign up now
  • Global Regulatory Reform Proposals
    Side-by-side comparisons of numerous regulatory reform proposals.
     View now.
Members of the GFMA Alliance afme asifma sifma