Clearing and Settlement World 2014 (past event)
26 - 27 November, 2014
Millenium, London, United Kingdom
London
Day 1
08:00 - 08:45 Breakfast & Registration
08:45 - 09:00 Chairperson Opening Remarks
Andrew Simpson
Head of Post TradeEuronext
09:00 - 09:25 Regulatory Update - Delineating clearing and collateral requirements to better prepare for implementation
09:25 - 10:20 Regulatory Panel - Beyond Regional Regulation: Crystallising Regulatory Disparities and the Implications of Cross-Border Trading
• Regional regulation is global in nature: deciphering the implications of the globalised post-trade process for buy side and sell side institutions
• Avoiding operational and financial pitfalls of cross-border jurisdiction by mapping out compliance requirements under Dodd-Frank and EMIR
• Bridging the trading gap with third country CCP’s by illustrating global compliance with EU regulation
• Harmonising global clearing mandates to streamline cross-border trading.
EACH
• Avoiding operational and financial pitfalls of cross-border jurisdiction by mapping out compliance requirements under Dodd-Frank and EMIR
• Bridging the trading gap with third country CCP’s by illustrating global compliance with EU regulation
• Harmonising global clearing mandates to streamline cross-border trading.
Marc Vial
Chair of EACH Risk CommitteeEACH
10:20 - 10:50 Regulatory Keynote Address - Optimising G20 Cooperation For a More Resilient Financial System
• Brisbane Update: Overcoming the barriers to achieving a stronger banking system
• Extricating Asian regulation to enhance future cooperation
• Transferring knowledge of clearing patterns outside the EU to better incorporate and adapt your global process
• Establishing a more robust G20 framework to promote growth in 2015 and beyond
• Extricating Asian regulation to enhance future cooperation
• Transferring knowledge of clearing patterns outside the EU to better incorporate and adapt your global process
• Establishing a more robust G20 framework to promote growth in 2015 and beyond
10:50 - 11:30 Morning Networking Break
Overcoming Inefficiencies Post-Implementation
11:30 - 11:50 PRESENTATION : Manage operational complexity through automated collateral management
Chair: Andrew Simpson, Head of Post Trade, Euronext
Genpact Headstrong Capital
Genpact Headstrong Capital Markets
- Anticipated 5x - 10x increase in the volume of margin calls
- Certain steps in the collateral management work flow are still manual
- Connecting the dots for collateral optimisation
Antony Freeburn
Assistant Vice President, Financial Market SolutionsGenpact Headstrong Capital
Sachin Pai
Assistant Vice President, Financial Markets SolutionsGenpact Headstrong Capital Markets
Overcoming Inefficiencies Post-Implementation
11:30 - 11:50 PRESENTATION : CSDR Settlement Discipline: can it work?
Chair: Kevin Milne, Director, Due Diligence Reports Ltd, Former Director of Post Trade, London Stock Exchange
• Driving consistently high settlement performance: delineation of fines and buy-ins.
• Harmonising across disparate penalty regimes to continue on the path to a greater collaborative post-trade process in Europe.
• Benchmarking and strengthening participant performance to improve industry wide settlement efficiency
• How to achieve counterparty transparency to minimize settlement fails and maintain matching efficiency
International Capital Market Association (ICMA)
• Driving consistently high settlement performance: delineation of fines and buy-ins.
• Harmonising across disparate penalty regimes to continue on the path to a greater collaborative post-trade process in Europe.
• Benchmarking and strengthening participant performance to improve industry wide settlement efficiency
• How to achieve counterparty transparency to minimize settlement fails and maintain matching efficiency
Patrik Karlsson
Director, Market Practice and Regulatory PolicyInternational Capital Market Association (ICMA)
Overcoming Inefficiencies Post-Implementation
11:30 - 11:50 SYNERGY WORKSHOP : How to harmonise buy-side settlement cycle to deliver a more efficient risk management process
Chair: Wim Snijders, Operations Compliance Officer, Credit Suisse
• Leveraging common behavioural practice through a greater affirmation of T0 - implications for the buy-side
• Moving towards an industry standard of same day matching and affirmation to ensure settlement on T 2
• Capitalising on best practice internal management strategies to avoid operational risks
• Using T0 as a risk management strategy and business opportunity
• Leveraging common behavioural practice through a greater affirmation of T0 - implications for the buy-side
• Moving towards an industry standard of same day matching and affirmation to ensure settlement on T 2
• Capitalising on best practice internal management strategies to avoid operational risks
• Using T0 as a risk management strategy and business opportunity
Stream A : Redefining EMIR Processes
11:50 - 12:10 PRESENTATION : Update on the LEI project
Chair: Andrew Simpson, Head of Post Trade, Euronext
Stream B : New Frontiers of T 2
11:50 - 12:10 CASE STUDY REVOLUTION : A critical T 2 post-mortem: How to overcome process inefficiencies highlighted in the settlement system
Chair: Kevin Milne, Director, Due Diligence Reports Ltd, Former Director of Post Trade, London Stock Exchange
• Benchmark your actualisation of T2 regulation through accurately scrutinising implementation thus far
• Taking steps toward an overhauled shorter settlement cycle through an industry wide analysis of gaps in implementation
• Prepare your business for operational developments through an early interpretation of emerging settlement trends: what do we see now and where are we heading
• Overcoming process inadequacies to maximize settlement efficiency on a shorter cycle
• Benchmark your actualisation of T2 regulation through accurately scrutinising implementation thus far
• Taking steps toward an overhauled shorter settlement cycle through an industry wide analysis of gaps in implementation
• Prepare your business for operational developments through an early interpretation of emerging settlement trends: what do we see now and where are we heading
• Overcoming process inadequacies to maximize settlement efficiency on a shorter cycle
Stream C : New Frontiers of T 2
11:50 - 12:10 Stream C continuedStream A : Redefining EMIR Processes
12:10 - 13:00 PANEL : How to revolutionise your post-trade reporting process to mitigate risk and inaccurac
Chair: Andrew Simpson, Head of Post Trade, Euronext
• Clarifying the scope of possible delegation: A cost benefit analysis of outsourcing reporting obligations vs. implementing in-house infrastructure
• Improving communication between involved counterparties by clarifying where reporting responsibilities lie
• Apprehend and overcome barriers of Trade Repository accessibility and capacity to ensure prolific reporting compliance
• Systemise the industry reporting process through a culminated analysis of reporting best practice
• Clarifying the scope of possible delegation: A cost benefit analysis of outsourcing reporting obligations vs. implementing in-house infrastructure
• Improving communication between involved counterparties by clarifying where reporting responsibilities lie
• Apprehend and overcome barriers of Trade Repository accessibility and capacity to ensure prolific reporting compliance
• Systemise the industry reporting process through a culminated analysis of reporting best practice
Stream B : New Frontiers of T 2
12:10 - 13:00 Stream B continuedStream C : New Frontiers of T 2
12:10 - 13:00 Stream C continued13:00 - 14:00 Networking Lunch
Redefining Post-Trade Infratructure
14:00 - 14:10 IN CONVERSATION : How to Ensure a Competent Implementation of Central Clearing Infrastructure
Chair: Andrew Simpson, Head of Post Trade, Euronext
• Define products inclusive in clearing regulation to secure a cognizant approach to compliance
• Prepare your business for implementation through a confirmation of the speed and shape of transition for products to be cleared
• Secure the best clearing option for your business through transparency on authorized clearing houses by asset classes
• Generate a comprehensive model of central clearing to achieve a compliant and efficient post-trade framework
• Define products inclusive in clearing regulation to secure a cognizant approach to compliance
• Prepare your business for implementation through a confirmation of the speed and shape of transition for products to be cleared
• Secure the best clearing option for your business through transparency on authorized clearing houses by asset classes
• Generate a comprehensive model of central clearing to achieve a compliant and efficient post-trade framework
Redefining Post-Trade Infrastructure
14:00 - 14:10 FTT Video - Bill Nighy on the Robin Hood Tax
Chair: Phil Stafford, Editor, FT Trading Room, The Financial Times
Stream A : CCPs: Clearing and Competition
14:10 - 14:45 Stream A continuedStream B : New Frontiers of T 2
14:10 - 14:45 IN CONVERSATION : How to better ready your infrastructure to compliment FTT: Preparing for European-Global Transaction Taxes
Chair: Phil Stafford, Editor, FT Trading Room, The Financial Times
• Navigating complex variables across nations to synchronise a methodology of execution
• Devise business objectives on Europe-wide practicalities and market model transformation under FTT
• Benchmark your business against national peers through a drilled down discussion on distinct national impact of FTT
• Ensure operational capacity to capture and correctly process tax through an analysis of required infrastructural alterations
• Navigating complex variables across nations to synchronise a methodology of execution
• Devise business objectives on Europe-wide practicalities and market model transformation under FTT
• Benchmark your business against national peers through a drilled down discussion on distinct national impact of FTT
• Ensure operational capacity to capture and correctly process tax through an analysis of required infrastructural alterations
Stream A : CCPs: Clearing and Competition
14:45 - 15:10 CASE STUDY REVOLUTION : How to Choose an Optimal Clearing Model to Minimise Operational Risk and Advantage Your Business
Chair: Andrew Simpson, Head of Post Trade, Euronext
• Advantageous Clearing and Collateral: Ensure you are prepared to make a beneficial business decision through an elucidation of CCP models and conditions
• Client, broker and CCP interaction: Strategising best practice model of communication to guarantee transferal of margins
• Appraise market accessibility to brokers and CCPs to prepare for clearing compliance under EMIR
• How will competition drive and evolve clearing and collateral services
• Advantageous Clearing and Collateral: Ensure you are prepared to make a beneficial business decision through an elucidation of CCP models and conditions
• Client, broker and CCP interaction: Strategising best practice model of communication to guarantee transferal of margins
• Appraise market accessibility to brokers and CCPs to prepare for clearing compliance under EMIR
• How will competition drive and evolve clearing and collateral services
Stream B : CCPs: Clearing and Competition
14:45 - 15:10 Stream B ContinuedStream A : CCPs: Clearing and Competition
15:10 - 15:30 Stream A continuedStream B : New Frontiers of T 2
15:10 - 15:30 FTT Lessons Learnt: French and Italian processing15:30 - 16:15 Afternoon Networking Break
Stream A
16:15 - 17:05 IN CONVERSATION : How to Overcome Obstacles to Central Clearing: An Analysis of Infrastructural Inefficiencies
Chair: Andrew Simpson, Head of Post Trade, Euronext
• A CCP and technology vendor perspective: Scrutinising industry-wide challenges to overcome clearing barriers
• Establishing a robust infrastructure to minimize the operational impact of central clearing
• Assessing the scalable solutions available for clearing each product to allow quick and smooth implementation of the mandate
• Certify readiness by benchmarking your clearing measures against peers
BNP Paribas Securities Services
• A CCP and technology vendor perspective: Scrutinising industry-wide challenges to overcome clearing barriers
• Establishing a robust infrastructure to minimize the operational impact of central clearing
• Assessing the scalable solutions available for clearing each product to allow quick and smooth implementation of the mandate
• Certify readiness by benchmarking your clearing measures against peers
Julien Kasparian
Head of UK Sales & Relationship Management Banks & Broker DealersBNP Paribas Securities Services
Stream B
16:15 - 17:05 PANEL : Conceptualising How the CSD Landscape will Transform Under T2S to Adequately Prepare for Implementation
Speakers:
Giuseppe Insalaco Senior Market Infrastructure Advisor Central Bank of Ireland
Maurice Mulders Portfolio Administration Manager PGGM Investments
Angus Fletcher Director, Head of Market Strategy & Business Advocacy Deutsche Bank
Alexandre De Schaetzen Director, Product Management - T2S Euroclear
Giuseppe Insalaco Senior Market Infrastructure Advisor Central Bank of Ireland
Maurice Mulders Portfolio Administration Manager PGGM Investments
Angus Fletcher Director, Head of Market Strategy & Business Advocacy Deutsche Bank
Alexandre De Schaetzen Director, Product Management - T2S Euroclear
Chair: Kevin Milne, Director, Due Diligence Reports Ltd, Former Director of Post Trade, London Stock Exchange
• The blurring of functional boundaries: Qualify advantageous compliance options through an in depth analysis of how T2S will change CSD competition and subsequent services offered
• Better prepare T2S infrastructure by forecasting market trends between custodians, CSD’s and iCSD’s
• Balancing local market specificities with a regional normalised post trade framework to best reap T2S benefits
• How to minimise costs on T2S implementation on a regional basis to optimize business efficiency
• The blurring of functional boundaries: Qualify advantageous compliance options through an in depth analysis of how T2S will change CSD competition and subsequent services offered
• Better prepare T2S infrastructure by forecasting market trends between custodians, CSD’s and iCSD’s
• Balancing local market specificities with a regional normalised post trade framework to best reap T2S benefits
• How to minimise costs on T2S implementation on a regional basis to optimize business efficiency
Stream A
17:05 - 17:10 Chairperson's closing remarksAndrew Simpson
Head of Post TradeEuronext
