ISDA CEO O'Malia on Libor Reform, Brexit, Asia Derivative Markets

The video discusses the ongoing Libor reform, emphasizing the transition to risk-free rates for $370 trillion in contracts. It highlights the importance of education and fallback rates in this transition. The impact of Brexit on the derivatives industry is also covered, with a focus on ensuring a smooth transition. The video further explores Asia's market growth, particularly in China, and the potential for a credit default swaps market there.

What are the potential implications of a hard Brexit on the derivatives industry?

How does the text describe the importance of legal foundations for a strong derivatives market in Asia?

What is the perspective on the potential for a Western-style credit default swaps market in China?