Back to Securities Finance Times
8.00am - 8.45am Breakfast and Networking
8.45am - 9.00am Introduction with Richard Colvill, Managing Partner, Consolo
9.00am - 9.50am
Navigating the regulatory horizon
Join us for an essential regulatory panel discussion as we navigate the evolving landscape of financial reporting requirements. In 2024, the ECB's Money Market Statistical Reporting will encompass 24 additional banks, including some of the world's largest institutions, necessitating the reporting of Repos, Buy-sellbacks, and cash-driven securities loans. This expansion also brings heightened data quality and control expectations for both the new 24 and the existing 53 banks reporting in the Euro area.

Additionally, we'll delve into recent changes, including new validation rules and minor schema adjustments for EU SFTR (effective September 11th), anticipating a broader SFTR review set to begin in 2024. Furthermore, we'll examine the nuanced implications of the "two-speed regulation" due to the UK's delayed adoption of similar validation rule changes until November 2024.

Moreover, we eagerly await the final rules for SEC 10c-1 Securities Lending Trade reporting in the US, with a potential go-live date in 2024. A parallel development is the US Federal Reserve's Office of Financial Research (OFR) Uncleared Bilateral Repo Reporting, which is nearing formalization, offering insights into its likely 2024 implementation. This discussion will provide invaluable insights into the regulatory landscape's dynamic shifts, helping you stay compliant and informed.

Moderator
Sarah Nicholson
Senior Partner, Consolo


Panellists
Jonathan Lee
Money Markets Reporting Director, Kaizen

Iain Mackay
Product Owner, RegTech Solutions, EquiLend

Jonathan Tsang
Business Development, Cappitech, S&P Global Market Intelligence

9.50am - 10.30am
Exploring Dora
Join our Fireside Chat on the Digital Operational Resilience Act (DORA), EU Regulation 2022/2554, effective from January 17, 2025. Explore the transformative impact of DORA on financial entities, focusing on ICT risk management, incident reporting, and third-party oversight. Delve into the collaborative efforts of European Supervisory Authorities and the intricate provisions of DORA. Gain insights into the harmonization challenges, the oversight network, and the future review mechanism. Don't miss this concise exploration of DORA's significance in fortifying operational resilience and cybersecurity in the European financial sector. In relation to financial penalties, entities found to be in violation of the Act's requirements may face fines of up to 2% of their total annual worldwide turnover or, in the case of an individual, a maximum fine of EUR 1,000,000. Not to be missed!

Moderator
Sarah Nicholson
Senior Partner, Consolo


Panellists
Diego Ballon Ossio
Partner, Clifford Chance

Richard Colvill
Managing Partner, Consolo

Stuart Power
Director of Integration Intelligence, Coliance
Steve Sullivan

10.30am - 11.00am Coffee and Networking Break
11.00am - 11.50am
Collateral: Innovation or stagnation

Join us for a captivating panel session that delves into the intricacies of collateral management innovation. Our discussion will centre on the specific goals that individuals and organisations aim to achieve through innovation in collateral management, moving beyond vague notions to pinpoint concrete objectives. We will explore the real hurdles and impediments that often transcend technological barriers, hindering the realization of these goals. For instance, attendees can anticipate insights into the challenges surrounding the optimization of collateral inventory utilization and the politics, data quality, and other non-tech factors that may impede progress.

Furthermore, our panel will address the pursuit of more cost-effective and efficient collateral management teams, examining the various factors that either enable or hinder this ambition, investigate the demand for standardized and machine-readable collateral schedules, drawing from relevant industry insights and explore how this aspiration aligns with market realities.

Lastly, we'll shed light on the desire to streamline portfolio reconciliation and settlement processes, discussing the noise and friction that can disrupt these essential operations.

Don't miss this opportunity to gain a deeper understanding of the multifaceted landscape of collateral management innovation, uncovering both the objectives and the obstacles that shape this evolving field. Join us for a thought-provoking panel session that goes beyond the surface, providing actionable insights into the challenges and opportunities in collateral management.

Moderator
Philip Forkan
Head of Collateral, Tonic


Panellists
Wassel Dammak
Head of collateral solutions product strategy, Vermeg

Katie Emerson
Executive Director, EMEA Head of Buyside Trading Services Sales, J.P. Morgan

Sabine Farhat
Head of Securities Finance Product Management, Murex

Jan Grauls
Product Manager, Euroclear

Martin Walker
Head of Product Management, SFCM, Broadridge

11.50am - 12.40pm
Time Critical: T+1 Coming to a market near you

In this engaging session, we will explore the evolving landscape of securities lending and its impact on market participants as they transition to a tighter settlement timeline, moving from T+2 to T+1, beginning May 2024 in North America and coming to the UK and the EU in the not too distant future.

Our discussion will delve into the challenges and risks associated with meeting the T+1 settlement deadline, including potential impacts on market liquidity and increased operational costs. We will explore the complexities of managing recalls within the new timeframe plus extended deadlines and the need for robust systems to ensure timely compliance. Finally our panel of experts, well-versed in the nuances of T+1 and securities lending, will share insights into best practices for maintaining accurate records, leveraging automation, and assessing risk in the context of T+1 securities lending to help you adapt to this regulatory shift.

Moderator
Andy Krangel
Director, Citi


Panellists
Matt Johnson
Director, ITP Product Management and Industry Relations, DTCC

Grant Davies
Head of Sales EMEA, EquiLend

Darren Price
Head of Securities Lending Product Development, BBH

12.40pm 2.10pm Lunch
2.10pm - 3.00pm
Time for Change: The Future State of the Repo Markets - Where Do We Go from Here?

Our expert panel will explore the potential impacts of Basel IV on the repo markets and expected balance sheet implications for trading participants. We will delve into alternative repo models, peer-to-peer lending and sponsored repo, examining current adoption trends and the advantages and challenges these present. Furthermore, the panel will unravel the future of repo execution, the realm of digitisation and the rising sophistication of repo platforms, offering insights into how these technological advancements are reshaping the landscape. This session promises to provide valuable insights into the evolving dynamics of the repo market.

Moderator
Gabriele Frediani
Advisor, Absolute Collateral


Panellists
Nancy Allen
Assistant Vice President, Financing Solutions Business Development

Richard Comotto
Co-founder and Chief Product Officer, London Reporting House

Darren Crowther
Broadridge, General Manager, Securities Finance and Collateral Management (SFCM)

Ruth Ferris
Senior Director, Global Structured Flow Development and Solutions, MUFG Securities EMEA plc

3.00pm - 3.30pm Coffee and Networking Break
3.30pm - 4.20pm
Is Future Tech now?

DLT, AI, machine learning, smart contracts, automated matching and more: What used to be just trendy tech buzzwords has evolved into practical use in the securities lending industry. Are we on the precipice of a new digital-first more automated model for securities lending? How are firms on the cutting-edge utilizing new technology to transform the business? How far off are we from widespread use in our market? What might be holding the market back and what are the remedies?

Our panelists discuss the evolution from vision to reality in the digital transformation and automation journey the securities finance industry is on and how market participants are deploying these technologies right now.

Moderator
Bob Currie
Editor, Securities Finance Times


Panellists
Michael Brown
Partner, Clifford Chance

Richard Glen
Solutions Architect, HQLAX

Gavin Howard
Technology lead, 1Source, EquiLend

David Lewis
Senior Director, Securities Finance, FIS

Tom Pikett
Trading Services, JPMorgan

4.20pm - 5.00pm
Women in Securities Finance

Moderator
Camille McKelvey
Head of Business Development STP, MarketAxess


Panellists
Erica De Rosa
Solutions Architect, HQLAX

Annabelle Shrieves
Executive Director, Data, Valuations & Analytics, S&P Global

Sadaf Tahir
Legal Assistant, Sharegain

5.00pm - 6.00pm Drinks Reception and Networking