Jim Byrd, global head, macro products, at RBC Capital Markets, joins the ISDA AGM studio to discuss the main risks and opportunities in the current trading environment and what needs to be done to avoid liquidity squeezes during periods of volatility

Michelle Beck, director for wholesale buy side oversight at the Financial Conduct Authority, speaks with ISDA’s global head of public policy, Steven Kennedy, about the regulatory approach to systemic risk in non bank financial intermediation after a panel discussion on how robust counterparty disclosure can help mitigate the build-up of risk, as well as how existing data can be used more effectively to address perceived vulnerabilities.

ISDA Annual General Meeting 2025 Highlight Reel

Marking the 10 year anniversary of the ISDA Standard Initial Margin Model (ISDA SIMM), Joel Clark, senior director, communications, at ISDA, speaks with Nnamdi Okaeme, ISDA’s head of SIMM, and John Pucciarelli, head of partnerships and director of industry engagement at Acadia, LSEG, about the role the ISDA SIMM plays in today’s derivatives market and how it continues to support efficient compliance as initial margin rules evolve globally.

Julia Hueckel, director of global regulatory policy at Coinbase, and Chris Zuehlke, global head of Cumberland and partner at DRW Cumberland, speak with Nicolette Cone, ISDA’s chief of staff and associate general counsel, on the rapidly evolving legislative framework for digital assets in the US, and whether regulatory guidance on tokenized collateral is helping to unlock wider adoption in derivatives markets.

Participants from ISDA’s Future Leaders in Derivatives (IFLD) program discuss the opportunities and issues raised by the shift to digital assets and the insights gained from collaborating with peers through the IFLD. Nikita Cotton, senior associate at Morgan, Lewis & Bockius, and Claire Gerrand, senior research lead at D2 Legal Technology, share their perspectives with Andrew Bayley, senior director, regulatory reporting transformation EMEA, at ISDA.

Darcy Bradbury, ISDA board member and managing director at D. E. Shaw, and Tyler Wellensiek, managing director and global head of market structure at BlackRock, speaks with Chris Young, ISDA’s head of US public policy, about how the post‑crisis regulatory framework needs to evolve to support the modernization of markets, and what the forthcoming US Treasury clearing mandates for cash and repo trades mean for the industry.

Jenny Cosco, global head of government relations and regulatory strategy at LSEG, and Jason Granet, chief investment officer at BNY, speak with Tara Kruse, ISDA’s global head of derivative products and infrastructure, about how firms can manage liquidity pressures during periods of market volatility, the risks posed by sudden spikes in margin calls, and whether recent policy measures on margin preparedness go far enough to strengthen market resilience.