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The Future of Clearing & Settlement

Explore the strategies to keep pace and innovate

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Jumeirah Carlton Tower, London View details »

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Join the leaders of Europe’s post-trade industry and discuss how innovation and regulatory change are revolutionising clearing & settlement. With top speakers and a programme dedicated to examining the key opportunities and challenges, the 2014 event will encourage debate and deliver insights into a new era of post-trade in Europe.

Speakers

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Why Attend?

  • Discuss strategies for success with the leaders of the industry
  • Learn how to take advantage of OTC derivatives reform
  • Understand the impact of T2S and opportunities in settlement
  • Explore the role of post-trade in the expanding collateral management market
  • Hear directly from the European Commission regarding key regulation
  • Examine the future of efficient and client focussed clearing services
Jean-Michel Godeffroy
Jean-Michel Godeffroy

Chairman, T2S

European Central Bank

Paolo Cittadini
Paolo Cittadini

Chief Executive Officer

Monte Titoli

John Trundle
John Trundle

Chief Executive Officer

Euroclear UK & Ireland

Yakup Ergincan
Yakup Ergincan

Chief Executive Officer

MKK

Diana Chan
Diana Chan

Chief Executive Officer

EuroCCP

Tomas Kindler
Tomas Kindler

Chief Executive Officer

SIX x-clear

Marcus Zickwolff
Marcus Zickwolff

Executive Director, Head of Trading and Clearing Systems

Eurex Group

Robert Barnes
Robert Barnes

Chief Executive Officer

Turquoise

Chris Jones
Chris Jones

Chief Risk Officer

LME Clear

Mark Jennis
Mark Jennis

Managing Director, Strategy and Business Development

DTCC

Christian Sjøberg
Christian Sjøberg

Chief Executive Officer

Oslo Clearing

Jan Bart De Boer
Jan Bart De Boer

Board Member and Chief Commercial Officer

ABN AMRO Clearing

Kanan Barot
Kanan Barot

Director of Trade Vault Europe

IntercontinentalExchange

Saheed Awan
Saheed Awan

Global Head of Collateral Services

Euroclear

Göran Bolin
Göran Bolin

Vice President

NASDAQ OMX

Andrew Green
Andrew Green

Head of Account Management

DTCC Deriv/SERV

Thilo Derenbach
Thilo Derenbach

Head of Relationship Management, Americas, UK, Ireland, Nordics

Clearstream

Christiane Kiria Macedo
Christiane Kiria Macedo

Managing Director & CIO, CB&S Post-Trade

Deutsche Bank

Claire Tumkaya
Claire Tumkaya

Director

ICE Trade Vault Europe

Prabha Bob
Prabha Bob

Global Solutions Head, Capital Markets Group

TATA Consultancy Services

David Nowell
David Nowell

Head of Industry Relations and Regulatory Compliance, UnaVista

LSEG

Gian Bruno Mazzi
Gian Bruno Mazzi

Senior Vice President

SIA

Mark Woodward
Mark Woodward

Head of Corporate Development

ICE Futures

Chris Redmond
Chris Redmond

Manager, Securities Settlement Supervision & Policy

Bank of England

Roland Chai
Roland Chai

Head of Equities

LCH.Clearnet

Matt Glass
Matt Glass

Head of Operations, Technology and Client Service

CME Clearing Europe

Peter Randall
Peter Randall

Former Chief Executive Officer

Equiduct

Paul Symons
Paul Symons

Head of Public Affairs

Euroclear

John Serocold
John Serocold

Senior Director

ICMA

Guido Wille
Guido Wille

Executive Vice President Client Relations Europe and Americas

Clearstream

Damien Gillespie
Damien Gillespie

Head of Europe & Americas Sales

Clearstream

Print Programme Download Brochure Request a hard copy

Day One

Jumeirah Carlton Tower, London View details »


09:30

Welcome address by Marketforce

09:35

Chairman’s opening remarks

Robert Barnes
Robert Barnes

Chief Executive Officer

Turquoise

Session One: The strategic outlook for the post-trade industry

Leader’s Forum

Industry leaders will each deliver a keynote address before joining a panel discussion considering the challenges facing the industry and strategies for success.

09:40

Consolidation in practice: ensuring exceptional clearing services across Europe

Diana Chan
Diana Chan

Chief Executive Officer

EuroCCP

10:00

Quality, efficient post-trade services: what more can be done?

Thilo Derenbach
Thilo Derenbach

Head of Relationship Management, Americas, UK, Ireland, Nordics

Clearstream

10:20

Panel discussion

Assessing the post-trade landscape

  • How do you envisage the shape of post-trade industry changing in the coming year?
  • The impact of EMIR: where have the major changes happened and what’s to come?
  • Can more be done to provide efficient, transparent post-trade services for equity markets?
  • How have changes in OTC derivative regulation altered the shape of the market?
  • Will post-trade consolidations continue?  What does pan-European post-trade look like?
  • Collateral management and trade reporting: are add-on services key for the future?
Diana Chan
Diana Chan

Chief Executive Officer

EuroCCP

Yakup Ergincan
Yakup Ergincan

Chief Executive Officer

MKK

Mark Woodward
Mark Woodward

Head of Corporate Development

ICE Futures

10:55

Refreshments

Session Two: Understanding the impact of EMIR
11:20

Chair's remarks

Peter Randall
Peter Randall

Former Chief Executive Officer

Equiduct

11:25

Keynote Regulatory Address

A regulatory perspective on the challenges of the changing post-trade landscape.

Chris Redmond
Chris Redmond

Manager, Securities Settlement Supervision & Policy

Bank of England

11:45

Taking advantage of the clearing opportunities in derivatives

  • How has EMIR altered the clearing landscape in Europe?
  • New products and new revenue: what does OTC clearing require?
  • Risky business? How important is sophisticated risk management?
  • Will new business create an environment for further growth in the post-trade sector? 
Marcus Zickwolff
Marcus Zickwolff

Executive Director, Head of Trading and Clearing Systems

Eurex Group

12:05

Questions

12:15

MiFID & EMIR Trade Reporting – Are there any synergies?

  • Entities that need to report
  • Derivatives within scope
  • Report Content and Data Standards
  • Reconciliation
David Nowell
David Nowell

Head of Industry Relations and Regulatory Compliance, UnaVista

LSEG

12:35

Panel discussion

Reporting OTC derivatives for safe and secure markets

  • To what extent can new reporting rules bring transparency to OTC markets?
  • Can pan-European data sharing function effectively? Will more regulation be needed?
  • Are cross-border data protection laws creating difficulties for trade reporting?
  • Exchanging information: will co-operation enable a clearer picture of markets?
  • What technical requirements are necessary for pan-European reporting? 
Andrew Green
Andrew Green

Head of Account Management

DTCC Deriv/SERV

Claire Tumkaya
Claire Tumkaya

Director

ICE Trade Vault Europe

David Nowell
David Nowell

Head of Industry Relations and Regulatory Compliance, UnaVista

LSEG

Damien Gillespie
Damien Gillespie

Head of Europe & Americas Sales

Clearstream

13:10

Lunch hosted by Tata Consultancy Services

Session Three: Streams
Stream A: Ensuring exceptional clearing for clients Stream B: T2S and the future of settlement
View full stream » View full stream »

14:25 Chair's remarks

Peter Randall

Former Chief Executive Officer

Equiduct

14:30 Winning clearing models: finding success in a competitive landscape

Tomas Kindler

Chief Executive Officer

SIX x-clear

14:50 Questions

14:55 Connected and secure clearing services

Jan Bart De Boer

Board Member and Chief Commercial Officer

ABN AMRO Clearing

15:15 Panel discussion

Christian Sjøberg

Chief Executive Officer

Oslo Clearing

Jan Bart De Boer

Board Member and Chief Commercial Officer

ABN AMRO Clearing

Matt Glass

Head of Operations, Technology and Client Service

CME Clearing Europe

Roland Chai

Head of Equities

LCH.Clearnet

15:50 Refreshments

14:25 Chair's remarks

John Serocold

Senior Director

ICMA

14:30 Keynote Regulatory Address

Jean-Michel Godeffroy

Chairman, T2S

European Central Bank

14:50 Taking advantage of the T2S opportunity

Paolo Cittadini

Chief Executive Officer

Monte Titoli

15:10 Post-trading consolidation and diversification: business trends boosted by technology

Gian Bruno Mazzi

Senior Vice President

SIA

15:30 Panel discussion

Jean-Michel Godeffroy

Chairman, T2S

European Central Bank

Paolo Cittadini

Chief Executive Officer

Monte Titoli

Gian Bruno Mazzi

Senior Vice President

SIA

Paul Symons

Head of Public Affairs

Euroclear

Guido Wille

Executive Vice President Client Relations Europe and Americas

Clearstream

15:50 Refreshments

Session Four: The collateral management opportunity
16:20

Case Study

The Collateral Highway

Euroclear’s innovative approach to enable access collateral across borders and time zones offers a new avenue for post-trade users to post collateral and manage exposures.  With regulation driving the need for ever greater collateral controls, the Collateral Highway represents a new avenue in post-trade services.


Saheed Awan
Saheed Awan

Global Head of Collateral Services

Euroclear

16:40

Collateral management transformation for competitive advantage

  • The need for Enterprise-wide Integrated Collateral Management
  • Enabling changes in the business model and regulatory compliance
  • Developing an IT-enabled co-ordinated operating model
Prabha Bob
Prabha Bob

Global Solutions Head, Capital Markets Group

TATA Consultancy Services

17:00

Panel discussion

Collateral management and the post-trade offering

  • EMIR and Dodd Frank: will the regulations reduce systemic risk in market infrastructure?
  • Are warnings of excessive risk in post-trade valid? What can be done?
  • Will collateral requirements reduce the effectiveness of interoperability?
  • What more can post-trade organisations do to help the buy-side manage collateral?
  • Tri-party collateral management: how much cooperation is possible in post-trade?
  • What are the key issues for enabling access to collateral across borders?
  • How can custodians help simplify collateral processes?
Chris Jones
Chris Jones

Chief Risk Officer

LME Clear

Göran Bolin
Göran Bolin

Vice President

NASDAQ OMX

Saheed Awan
Saheed Awan

Global Head of Collateral Services

Euroclear

Mark Jennis
Mark Jennis

Managing Director, Strategy and Business Development

DTCC

Prabha Bob
Prabha Bob

Global Solutions Head, Capital Markets Group

TATA Consultancy Services

17:40

Chairman’s closing remarks

John Serocold
John Serocold

Senior Director

ICMA

17:45

Drinks reception sponsored by SIA

Optional Workshop (Market Infrastructure Regulation Workshop)

Central Location, London View details »


Optional Workshop (Market Infrastructure Regulation Workshop)
09:00

Morning refreshments

09:30

Introduction

  • Objectives of the course
  • Programme and format for the day
09:45

Understanding the historical perspective and drivers of change

  • Where did all this regulation come from?
  • How have the credit crisis, media and politics influenced regulator opinion?
  • The pros and cons of principles-based regulation
  • The push for increased transparency
  • The introduction of competition and its impact on what is required from regulation
  • Where had MiFID been found wanting?
10:15

The changing face of regulation

  • What regulatory changes are on the horizon?
  • An outline of the objectives of MiFIR, EMiR & Dodd Frank
  • Post-trade developments: the new CPSS IOSCO standards and T2S
  • How do Basel III and CRD IV affect market infrastructure?
  • Twin Peaks regulatory environment in the UK: implications for UK and other EU markets
10:50

Market insights and discussion point

A respected guest speaker from the industry will share their views on the impact of this regulation, before a Q&A session and open discussion with attendees.

11:10

Refreshments

11:25

CPSS IOSCO: principles for financial market infrastructures

  • Organisation: foundations and frameworks for risk management
  • Principles covering credit and liquidity risk management
  • The management of risk in settlement and exchange-of-value systems
  • Transparency and disclosure principles
11:55

Understanding EMiR

  • Reporting and clearing obligations and how they will be enforced
  • How EMiR is intending to facilitate the growth of interoperability
  • Reducing operational risk and counterparty credit risk
  • Extra-territorial issues under EMiR
  • What is a standardised derivative, and what are the requirements for non-standardised derivatives?
  • The respective roles of ESMA and national supervisors
12:45

The global reach of Dodd Frank

  • A brief overview of the key relevant principles
  • How does Dodd Frank complement/clash with EU regulation?
  • When will Dodd Frank apply to activity outside the US and how will this work in practice?
  • Analysing The Volker Rule and its potential implications
13:15

Lunch

14:00

Market insights and discussion point

A respected guest speaker from the industry will share their views on the impact of this regulation, before a Q&A session and open discussion with attendees.

 

14:25

MiFID II / MiFIR: the key aspects

  • The expansion of the scope of MiFID
  • Understanding the new powers given to regulators
  • The extension and enhancement of transparency rules
  • Reporting obligations and data consolidation
  • Access to clearing houses
  • Derivatives and Organised Trading Facilities
  • New corporate governance requirements
  • Third country provisions: MiFIR in a global market

 

15:25

Refreshments

15:40

Interactive break-out session: The impact of regulation on business models and market activity

In this session, delegates will break into smaller groups to discuss the impact of the regulations on different parts of the market before feeding back their conclusions to the group.

16:10

Feedback from break-out groups

  • Sharing the key points to take away from each discussion
16:30

A holistic approach to a plethora regulation

  • How can firms best organise themselves to address the various pieces of regulation?
  • Looking at implementation timelines and the crossover
  • Which financial institutions will have to address both EU and US rules?
  • What should different types of organisations be doing now to ensure they are prepared?
17:00

Conclusions and summary

  • A brief recap of what has been covered
  • Final opportunity for questions and discussions
  • Key points to discuss with your colleagues on returning to the office
17:15

End of course

Sponsors

Clearstream

www.clearstream.com

Clearstream is a leading supplier of post-trade securities services and continuously innovates to ensure we stay ahead of the game. Our Global Liquidity Hub offers award-winning collateral management and securities lending services across time-zones, asset classes and currencies while our pioneering investment fund products deliver solutions to customers worldwide.

 

London Stock Exchange Group

www.lseg.com/

UnaVista is London Stock Exchange Group's global hosted platform for all matching, validation and reconciliation needs. It offers a range of business solutions through one interface designed to help firms become more efficient and reduce operational and regulatory risk across all asset classes. Services include:

 

  • Regulatory solutions – Approved EMIR Trade Repository, MiFID transaction reporting for over 700 customers and 1.5 billion transaction per year, and solutions for AIFMD, REMIT, CRD IV, short selling & financial transaction tax amongst others.
  • Data Solutions - LSE is an authorised Pre-LOU to allocate LEIs via UnaVista, which also hosts SEDOL Masterfile, corporate actions, historical trading data and analytics.
  • Post Trade Services -- trade confirmation and affirmations across multiple asset classes (inc swaps)
  • Reconciliations - cash, stock, system-system, NAV, Exchange, ETD, client money, FOBO
 

SIA

www.sia.eu

SIA is European leader in the design, creation and management of technology infrastructures and services for Financial and Central Institutions, Corporates and Public Administration bodies, in the areas of payments, e-money, network services and capital markets.

SIA Group is currently present in around 40 countries, and also operates through its subsidiaries in Hungary and South Africa. The company has offices in Milan and Brussels.

With 9.2 billion transactions annually relating to cards, collections, payments and corresponding to over 4 billion operations performed, SIA manages 63 million cards and carries 11.9 thousand billion bytes of data on the network.

The Group is made up of seven companies: the parent SIA, the Italian companies Emmecom (innovative network applications for banks and businesses), Pi4Pay (services for Payment Institutions), RA Computer (treasury solutions for banks, businesses and P.A.) and TSP (payment collection services for companies and P.A.), Perago (infrastructures for central banks) in South Africa and SIA Central Europe in Hungary.

 

SLIB

www.slib.com

Always in step with the changes in the European securities landscape, SLIB is a leading securities software solutions provider and a trusted partner to the financial services industry.

SLIB provides more than 50 financial institutions, with innovative software solutions to streamline their securities processing and improve their performance, whilst mitigating their risks.

The SLIB solutions support securities order and trade, clearing, settlement, custody, risk and electronic vote to general meetings.

 

Tata Consultancy Services

www.tcs.com

Tata Consultancy Services (TCS) is an IT services, business solutions and outsourcing organisation that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global network Delivery Model™ recognised as the benchmark of excellence in software development. With extensive experience in developing solutions for the banking & financial services industry, TCS partners with global blue-chip insurers, retail banking institutions, investment banks, stock exchanges, depositories, custodial services, brokerage firms, rating agencies and money markets worldwide.

 

Media Partner

COOConnect

cooconnect.com/

COOConnect is an independent, private peer-group network of senior operational leaders at fund management companies world-wide managing alternative investment strategies or a combination of alternative and traditional investment strategies. It is also open to fund of funds companies invested in the same or similar combinations of strategies.

 Our network restricts membership to:

  • Chief Operating Officers (COOs)
  • Chief Financial Officers (CFOs)
  • Chief Compliance Officers (CCOs)
  • Heads of Operational Due Diligence (ODD)
  • Chief Risk Officers
  • Chief Investment Officers

COOConnect provides a platform for our members to share knowledge, experience, opinions and information about the challenges they face in operating their respective businesses.

 

diliger

www.diliger.com

diliger, the answers lie within.

diliger is the global marketplace for investment community.  

The www.diliger.com  portal is developed and maintained by industry SMEs to help investment professionals identify and source FinTech, market / institutional services, consultants and professional services that meet their needs.

Intuitive search functionality matches suppliers against specific requirements by referencing a repository of product and service RFIs. For buyers, this means greater accuracy of results, procurement efficiency and faster time to market.   For vendors and market services institutions there has never been such a simple, yet targeted way of relaying information about products and services into the hands of buyers.

The portal is unique in the market designed to reduce time, errors and expense in sourcing. Furthermore, the portal helps investment institutions keep abreast of innovation, identify new opportunities and adapt to regulatory change and market structure shift.

 

 

European Banking Federation

www.ebf-fbe.eu/

The European Banking Federation (EBF) embodies the united voice of banks established in Europe. The EBF members (national banking associations from 31 countries) benefit from this forum created in 1960 to represent, defend and promote the interests of the European banking sector. The EBF ensures that the experience and the views of banks are taken into consideration in the shaping of relevant policies; it is the prime sector interlocutor of the European institutions in laying out their legislative initiatives. The EBF also actively promotes the positions of the European financial services in international fora.

The Federation has remained committed to its overall aim: creating an integrated single market for financial services throughout the European Union. Therefore, it also provides value-adding information as well as efficient and professional services to its member associations and assists new members in their accession procedures, be it to the EU itself or to the Euro.

 

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