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Enron Mail |
< 1. No Conference Call this Friday due to ISDA's strategic planning session
< in Tokyo. < < 2. Next Conference Call will be held on Thursday, May 24 - Call details to < follow < < 3. Last Week's Conference Call - (for those who were unable to < participate) focused solely on Sections 23A and 23B < - discussed regulatory impacts (application of quantitative limits < to affiliates given fluctuating value of derivatives, sufficiency of < policies and procedures under 23B, cross-affiliate netting, etc.) < - proposed regulations were published in the Federal Register on < Friday, May 11 < - comments due by August 15, 2001 < - ISDA to retain Sullivan & Cromwell to draft ISDA response < - list of questions to assist in formulating our approach will be < forwarded to the Committee for review < - Background Memo from Sullivan & Cromwell will be forwarded in a < separate e-mail. < < 4. The CFTC issued proposed clearing regulations on May 14 implementing < the Commodity Futures Modernization Act (CFMA). Comments are due by June < 13. I recommend that ISDA plan to comment on the proposal (however brief < the comments may be) as this is an entirely new regulatory structure. < Would appreciate the thoughts of others. < < 5. Fundraiser for Congresswoman Carolyn Maloney -- For those who are not < already aware of the Maloney event, the Congresswoman will be hosting a < small Financial Services dinner (max 15 people) at Barolo Restaurant (223 < Pennsylvania Avenue, SE Washington, D.C.) on Monday, May 21, 2001 at 7:00 < p.m. Suggested contribution is $1,000. Please contact Carl Silverberg < (202) 863-1500 ext. 815 if you are interested in attending. Are many < folks already planning to attend?? < < Comment: Congresswoman Maloney is a senior Member of the House Financial < Services Committee and was heavily involved in the CFMA on energy issues. < I think it is safe to say that she was not sympathetic to the benefits of < affording regulatory relief to the energy markets at the beginning of the < debate but after a lot of work (by many of you!) she came around to < understanding the benefits of innovation and establishing a positive < regulatory environment. Industry education was very effective. The < restaurant is marginal but continued work with Congresswoman Maloney is < worthwhile. < < < < < Stacy Carey < Policy Director < International Swaps and Derivatives Association < 600 5th Avenue, 27th Floor < Rockefeller Center < New York, NY 10020 < (212) 332-1202 ph < (212) 332-1212 fax < (917) 543-9622 cell < scarey@isda.org < <
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