Agenda from the FISL London 2018 Conference
DBVX: a Peer to Peer repo marketplace
Securities lending for non-lenders
Global Head of Agency Lending & Head of MFS U.K.
Benchmarking best practices
Global Product Owner
Delivering on regulatory reporting
Senior Pre-Sales Consultant
9:45-10:10 Networking break
10:10-10:15 Chairman’s welcome
10:15-11:00 Current dynamics in the securities lending industry
What is driving volumes in the market?
Changes in borrower behavior
What solutions can help beneficial owners lend or re-engage in the market in spite of challenging regulations
Risk vs. reward: where is money being made and why
Ueli von Burg
Head, Cash and Collateral Trading and Management
Director, Securities Finance Product
Global Head of Securities Lending Business Development
Brown Brothers Harriman
Head of Securities Finance – EMEA
EMEA Head of Agency Lending & Global Head of Trading for Agency Lending
Relationship Management and Business Development, Securities Finance
11:00-11:45 Implications of regulation
Transparency and reporting – not just SFTR
Do regulations require a fundamental rethink of your activities or is this business as usual?
The burden and cost of regulation on the buy-side
What other new regulations and reporting should investors be aware of?
Senior Product Manager, Message Automation
Carla Jane Findlay-Dons
Chief Global Market and Regulatory Strategist
Brown Brothers Harriman
Head of Product Development
Managing Director and Global Co-Head of Securities Finance and Delta One Products
Business Development Manager, SFTR
11:45-12:30 Technology, operations and infrastructure
How is the securities lending market upgrading its processes?
What technology is being used on the trading desk and how does that make an impact for clients?
The state of blockchain, trading platforms and reporting tools
The role of the securities lending trader in today’s market
Senior Vice President
Managing Director, Head of Trading, EMEA
Global Head of Agency Lending Trading
Securities Finance and Collateral Management
Associate Director, Trading
12:30-1:30 Lunch and networking
1:30-2:15 Segment break-out sessions (concurrent)
1) UCITS funds and asset managers
Tri-party vs. bilateral best practices
Regulation and reporting
How can you improve your lending program?
2) Pensions/sovereign wealth funds/corporates
Non-cash collateral acceptance and what makes a good counterparty
Vice President, Business Development & Relationship Management, EMEA
Head of Business Development Asset Financing, EMEA
3) Insurance companies
4) Hedge funds
Alpha contribution for portfolio finance
2:15-3:00 Thematic break-out sessions
1) Regulation in securities finance: a deeper dive
How are regulations being interpreted
State of the NSFR
Refinements to European regulation in support of securities finance
Vice President, Head of Regulatory Affairs, EMEA
2) Taxation in financing
Financial Transaction Taxes
The German Investment Act
Securities Lending Tax Specialist
3) Operational functionality
Pledge vs. non-cash
Understanding your contract
1) Direct/Peer to Peer/All to All market mechanics – how do they work?
3:00 – 3:30 Networking break
3:30-4:00 The mind of the regulator: the rationale for SFTR, MiFID II and more
Compliance Office, UnaVista
Former Technical Specialist, ESMA
4.00 – 4:45 Repo dealers and market structure
New entrants in the European repo market
Pricing and haircut trends
Automation for buy-side market participants
The impact of electronic trading platforms
Head of Collateral Trading and FX
EMEA Head of Fixed Income & Cash Re-Investment Trading for Agency Lending
RBC Capital Markets
Executive Director, EMEA Sovereign Repo Trading
Head of Match Strategy
8:30-9:30 Closed door breakfast for investors using an agent lender, segmented by type of investor
9:30-10:15 Who really needs indemnification?
What is indemnification worth in the market?
Who should provide it?
It is necessary for all trades or just some?
Is indemnification as important for asset managers lending to non-bank counterparties, including CCPs, as it is for banks?
What should you do if indemnification is not available from an agent lender?
Executive Director, Head of Portfolio Advisory, Agent Lending (EMEA)
Head of Securities Finance New Business Development – EMEA
Aberdeen Standard Investments
10:15-11:00 Keynote: Misha Glenny, McMafia author and international expert on cyber security and organised crime
11:00-11:15 Networking break
11:15-12:00 Prime brokers and hedge funds on borrowing demand and future trends
What do prime brokers need from lenders?
What do hedge funds need from their prime brokers?
The impact of transparency between asset owners, agent lenders, prime brokers and hedge funds
What will happen to Agent Lender Disclosure (ALD) in light of SFTR
Co-head, Global Securities Finance
Director, Prime Brokerage Financing
Liquidity and Fixed Income ETF Products Solutions
Head of EMEA Sales Trading, Managing Director
12:00-12:15 Closing remarks and lessons learned