ISLA 26th Annual Securities Finance and Collateral Management Conference 2017
 
Conference Agenda 20 - 22 June 2017

This year's conference app and e-voting throughout the whole conference is kindly sponsored by:




20/06/2017
14:15 - 15:10Registration
15:10 - 15:20Welcome by the ISLA CEO

Andrew Dyson, CEO, ISLA

15:20 - 15:50Opening Keynote Speech










15:50 - 17:10Key Market Developments / Dynamics Explained (Educational Sessions)

For the first time, ISLA will be offering their delegates the opportunity to attend a couple of short educational sessions. These sessions will provide detailed insights into key regulatory issues that our industry is currently dealing with and provide an important backdrop to the rest of the conference. 

New UK Money Markets Code of Best Practice 

In conjunction with the Bank of England, this session will provide an overview of the new code of best practice that will apply to all UK market participants who are active in securities lending and repo markets. It will cover the key provisions of the code and how they apply to our industry as well as considering the adherence process including how the code fits in within the Senior Managers Regime. As well as insights from some of the practitioners who helped draft the code, the Bank of England will also join the session to provide additional background on the development of the code.      

Speakers:
Jon Pyzer
, Senior Manager, Sterling Markets Division, Bank of England
Sarah John, Head of Sterling Markets Division, Bank of England
Paul Wilson, Managing Director, Global Head of Agent Lending Product & Portfolio Advisory, J.P. Morgan                                                       

MiFID II

As our understanding of how MiFID II evolves, the touchpoints with our industry are increasing, this session is designed to provide delegates with an overview of  the key parts of this regime that apply to our markets and how we are developing common standards or best practice to address the requirements of the directive where appropriate. With compliance under MiFID II required in 2018, this will be a key session for all industry participants.

Speaker:
Sarah Nicholson
, Consultant, ISLA


17:10 - 18:00Discussion Roundtables

As in previous years, ISLA will be offering our popular interactive roundtables as a prelude to the start of the formal sessions on Wednesday. You will be able to register for a roundtable of your choice ahead of the conference.

Roundtable 1 – ‘Capital Efficient Alternatives to TTCA's'– what is optimal?’
This session aims to look at alternative ways of doing business in the context of increasing pressure on RWA’s, Capital and Balance Sheet. As the traditional title-transfer model comes under scrutiny, alternatives such as pledge structures, central clearing and derivatives will be debated.

Co-Chairs:
Tina Baker, Consultant, ISLA
Diana Chan, Chief Executive Officer, EuroCCP NV
Habib Motani, Partner, Clifford Chance


Roundtable 2 – ‘SFTR – Where are we now?’
This session will consider where we are in the process around the implementation of SFTR, including the impacts on existing business flows such as Agent Lender Disclosure (ALD). With final implementation imminent, is the industry ready?

Co-Chairs:
Josh Galper
, Managing Principal, Finadium
Nick Wood, Global Head of Marketing and Relationship Management for Securities Lending and Financing, Prime Finance, HSBC Bank plc


Roundtable 3 – ‘The Evolution of Settlement Infrastructure’
Changing and emerging technologies are set to revolutionise post trade settlement across securities markets. This session will evaluate immediate opportunities such as T2S, and where emerging technologies such as distributed ledger could potentially change our industry over the longer term.

Co-Chairs:
Adam G. Bate, Executive Director, & EMEA Head of Financing and Collateral Operations, Morgan Stanley
Michael Huertas
, Counsel Banking & Finance Practice, Baker McKenzie Frankfurt
Cillian Leonowicz, Senior Manager Consulting, Deloitte Ireland


18:00 - 20:30Welcome Drinks Reception

Hosted by:

   



21/06/2017
08:00 - 09:00Registration
09:00 - 09:10Welcome by the Conference Co-Chairs

John Arnesen, Global Head of Agency Securities Lending, BNP Paribas Securities Services
Brian Staunton, Managing Director, BNY Mellon

09:10 - 09:50Keynote Speech



09:50 - 10:50The Industry Leaders Debate

Key figures from the industry will debate the current health of the industry and consider how the drivers underpinning the industry are changing. This session will also highlight how market regulation such as SFTR is changing behaviour and what the rolling impact of scarce risk capital and balance sheet resources associated with Basel III will mean in the future

Moderator:
Andrew Dyson,
CEO, ISLA

Speakers:
Alessandro Cozzani,
Managing Director & Head of Asset Optimization (AOG) for EMEA & APAC, Bank of America Merrill Lynch
Dan Kiefer,
Investment Manager, CalPERS
James Slater,
Executive Vice President, Markets, BNY Mellon
James Treseler,
Managing Director & Global Head of Cross Asset Secured Funding, Societe Generale Corporate & Investment Banking


10:50 - 11:20Coffee Break

Hosted by:




11:20 - 12:20Collateral Management - How Efficient is the Market?

This panel will assess whether the collateral needs of market participants is changing. What is driving that change - regulation, greater efficiency, liquidity management? How is the regulatory environment changing the needs of buy and sell side participants? Can the collateral service providers adapt and innovate to keep up? What are the views and needs of the buy and sell side and the collateral service providers. 


Moderator:
Grant Davies, Head of Business Development and Relationship Management, ColleX

Speakers:
Staffan Ahlner, Head of Collateral Management, BNY Mellon Markets
Tony Ashraf
, Director, EMEA Head of Clearing & Collateral, BlackRock
Ed Donald,
Managing Director & Global Head of Repo, Standard Chartered Bank
Jamila Jeffcoate
, Head of Securities Lending Agency EMEA, State Street


12:20 - 13:20Mini Keynote & Conduct and Accountability

After some introductory comments around the Senior Managers regime in the UK, this panel session will consider how objectives of accountability,  market conduct and ethical behaviour can be reconciled with profitability targets and what this means for participants in financial services.  Will prioritisation of non financial considerations eventually lead firms to question the sustainability of certain business lines?


Moderator:
John Arnesen, Global Head of Agency Securities Lending, BNP Paribas Securities Services

Speakers:
Steve Ellis, Partner, TeleTech Consulting
Simon Nottage, Managing Director & Head of Product Management Securities Finance, EMEA, State Street Global Markets
Alistair Woodland, Partner, Clifford Chance LLP


13:20 - 14:20Networking Lunch

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16:30 - 18:30Afternoon Networking Reception

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22:00Deutsche Boerse Group – GFF Late Night Bar

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Free pre-registration for this event required. Please click here to register!


22/06/2017
08:30 - 09:10Registration
09:10 - 09:20Welcome by the Conference Co-Chairs

John Arnesen, Global Head of Agency Securities Lending, BNP Paribas Securities Services
Brian Staunton, Managing Director, BNY Mellon

09:20 - 10:10ISLA & Legal, Regulation and Tax Update

Arne Theia from Unicredit will open this session with a European Market update, focusing on the new drivers in the financial markets – regulation, monetary policy of the ECB and political uncertainty. He will analyse the equity and bond markets in Europe and explain the impacts on the collateral markets - pricing, revenues, supply and demand, etc. This will be closely followed by an update from the ISLA team and the work they have been undertaking over the past 12 months, with a particular focus on how the regulatory agenda has evolved this year - legislation such as SFTR and MiFID II will be put into better context. James Montgomerie, who is a member of the ISLA Executive Operations Committee and Chair of the ISLA Best Practice Paper Group will then talk about the revised ISLA post trade best practise framework and its application. The session will also highlight some of the changes to market structure that we are seeing as market participants think about how to optimise regulatory capital charges and reduce balance sheet usage.


Speakers:
Andrew Dyson, CEO, ISLA
James MontgomerieMember of the ISLA Executive Operations Committee and Chair of the ISLA Best Practice Paper Group & Vice President, Morgan Stanley
Arne Theia, Managing Director, UniCredit


10:10 - 11:10Regulatory Overview Panel

Immediately after the ISLA update this panel session will consider the day to day challenges that market practitioners are facing as they grapple with parallel implementation streams around regulation such as SFTR and MiFID II.  They will also debate how regulation is potentially forcing changes to the way in which they have to think about the business and how that is feeding through into business flows and client aspirations.


Moderator:
Edward Bracken, COO Bank Resource Management, Morgan Stanley

Speakers:

Natasha Adams, Director, Global Markets Equity, GME Regulation, Deutsche Bank
Maja Augustyn, Senior Advisor for Strategy and Public Affairs, BNP Paribas Securities Services
Felix Ertl, Vice President, Legal, BVI Bundesverband Investment und Asset Management
Gregory Lyons, Partner, Debevoise & Plimpton LLP



11:10 - 11:40Coffee Break

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11:40 - 12:40The Traditional Securities Lending Model - Time for Change?

The current business model associated with the so called agent lending model has been almost unchanged since the 1980's. With increasing pressure on margins and costs  associated with capital and balance sheet, this panel will consider the continued viability of the current business model.  In particular the session will debate other ways of doing business and if the current multi line chain between an institutional lender and the hedge fund end user continues to make sense. 

Moderator:
Ann Doherty, Managing Director & Regional Sales Executive, Investor Services - EMEA, J.P. Morgan

Speakers:

Ed Oliver, Managing Director, Product Development, eSecLending
Mathew McDermott,
Co-Head of the Global Liquidity Products (GLP) Group, Goldman Sachs
Gareth Mitchell,
Managing Director, EMEA Head & Global Head of Agency Securities Lending Trading, Citibank
Tim Tomalin-Reeves,
Treasurer, Citadel LLC
Ueli von Burg,
Managing Director, Zurcher Kantonalbank



12:40 - 13:20Closing Keynote Speech




13:20 - 13:30Closing Remarks by ISLA's Chairman

Andrew Krangel, Director, EMEA Head of Agency Securities Lending Business Management & Chairman of ISLA, Citi

13:30 - 14:30Closing Networking Lunch

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If you have any questions, queries or speaker suggestions, please contact us on:
 
Email:      isla@eventrock.co.uk
Phone:     + 44 (0) 20 8288 7738