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ISLA's 28th Annual Securities Finance and Collateral Management Conference

  • 18 - 20 June 2019
  • Madrid, Spain

Agenda

This year’s agenda, themed ‘Transition, Innovation, Future State’ reflects the current confluence of political and regulatory flows that will define much of our industry for the next 5 to 10 years. 2019 will also see the industry complete its preparations for SFTR and CSDR compliance. Although in different ways, both will fundamentally impact trading and settlement processes and flows.

Tuesday 18th June

13:00 - 14:00

Registration

14:00 - 14:15

Welcome Remarks

Andy Dyson CEO ISLA

14:15 - 14:45

European Political Update

Whilst the UK has been somewhat fixated with Brexit, the remaining 27 EU Member States will see the formation of a new European Parliament and Commission in 2019. This session will focus on the key issues that will shape the agenda across Europe in the coming five years.

Donald Ricketts  Managing Director FleishmanHillard

Donald Ricketts is Managing Director of FleishmanHillard’s Financial Services Practice at EU level, and is responsible for leading on European public policy, competition and reputational strategy-setting for clients across the finance and banking sectors. Donald has advised the world’s largest institutions as well as supporting innovative new entrants in the industry. He joined FleishmanHillard in the year 2000, having previously served in the business advisory and assurance practice of one of the world’s leading professional services organisations. Prior to this he was with the European Commission’s Directorate General for External Political Relations. He holds a Bachelor of Arts degree with honours in Politics, Philosophy and Economics from Oxford University. He qualified as a chartered accountant and speaks both English and French, as well as some Swedish and German.

14:45 - 16:00

ISLA's Legal & Tax Initiatives 2018/2019

The first of a series of updates detailing the wide-ranging work that ISLA has undertaken on behalf of its members over the past 12 months. This session will include considerations for new and existing netting jurisdictions, the ongoing adoption of our new GMSLA Pledge Master Agreement, as well as further work on tax changes across Europe.

Habib Motani Partner Clifford Chance

Habib Motani is a leading international financial markets lawyer who specialises in OTC and securitised derivatives, structured capital markets products including derivative linked retail and wholesale structured products, investment banking sales and trading advisory work, Islamic derivatives, securities lending and repos, netting and collateral and their regulatory capital treatment and in the infrastructure aspects of the financial markets, such as payment and settlement systems, clearing systems, prime brokerage and custody.

Dalia Hamdy Senior Tax Counsel Scotiabank

Steve Raddon Tax Manager, Securities Finance Division BNY Mellon

Steve Raddon is the Tax Manager of BNY Mellon’s Securities Finance division. His responsibilities include all day-to-day aspects of withholding and transfer taxes, and compliance with applicable laws and regulations, within BNY Mellon’s securities lending programme. Steve also supports the Product Development team, focusing on the expansion of the business into new markets, the introduction of new service offerings, new trading counterparts, and new clients. After originally joining Mellon Trust in 1997, Steve spent seven years in the tax department of the Cross-Border Services division at CREST, before returning to BNY Mellon in 2006. He is currently the Chair of the ISLA Tax committee, and has represented BNY Mellon on a number of industry initiatives with AFME, the RMA, and UK Finance.

16:00 - 16:45

ISLA SFTR & CSDR Working Group Updates

On behalf of the ISLA SFTR and CSDR Working Groups, two concurrent presentations on the extensive work of the various work streams.

Adrian Dale Director of Regulation & Market Practice ISLA

Alexander Westphal Director, Market Practice and Regulatory Policy International Capital Market Association (ICMA)

James Montgomerie Executive Director, EMEA Head of Securities Lending Operations & Head Financing & Collateral Operation Morgan Stanley

Andy Hill Senior Director, Market Practice and Regulatory Policy International Capital Market Association (ICMA)

16:45 - 17:30

Regulatory Convergence - 2020

Many of the regulatory initiatives that the financial services industry are working on come to some sort of conclusion or implementation in 2020. This final session of the day will look more broadly at how different investment and trading communities are preparing for the combined arrival of these regimes. As 2020 will also see the arrival of new margining rules for uncleared derivatives transactions, the panel will also consider the implications of the increase in demand for collateral, including HQLA that these rules will bring to the markets.

Moderator

Andy Dyson CEO ISLA

In June 2016, Andrew became the CEO of the International Securities Lending Association (ISLA) after serving 3 years as their Chief Operating Officer. Previously, Andrew held the role of Director Specialist Sales and Head of Account Management, Europe, Middle East and Africa at Data Explorers, now Markit Securities Finance, where he was instrumental in the development of the group’s securities lending risk services as well as day to day responsibility for the groups business in Europe. Andy joined Data Explorers from Prudential M&G, where he was Head of Business Development and Risk for Securities Lending with responsibility for sales, marketing and product development. He was also directly responsible for Risk and the management of the team’s discrete IT resources. All aspects of legal and compliance also fell within his area of responsibility. Prior to his appointment at M&G Prudential Andrew had worked at Deutsche Bank for ten years. During his time at Deutsche he held senior marketing and product development positions within the Agency Securities Lending Business and also spent four years as Repo Product Manager where he was instrumental in the development of the banks fixed income repo franchise including the deployment of front-office risk management tools. He was also was heavily involved in the deployment of e commerce solutions for both clients and counterparts. He joined Deutsche in 1992 from HSBC, where he had previously worked extensively in the commercial bank and corporate finance areas of the business.

Speakers

Ina Budh-Raja Director, Product & Strategy, Securities Finance BNY Mellon

Profile information coming soon.

François Baratte Senior Industry Affairs Adviser Association of the Luxembourg Fund Industry (ALFI)

Profile information coming soon.

Marije Verhelst Director, Product Management, Securities Lending & Collateral Management Euroclear

17:30 – 19:00

Welcome Drinks Reception

Kindly hosted by:

Wednesday 19th June

08:00 - 09:30

Beneficial Owners Breakfast Briefing (Closed door event for Beneficial Owners)

08:30 – 09:30

Breakfast & Registration

09:30 - 09:45

Welcome Remarks

Gilly Meth Managing Director Morgan Stanley

Gilly Meth is a Managing Director at Morgan Stanley, where she is Global Head of Relationship Management and Exclusive Portfolio Pricing for Bank Resource Management (BRM). Prior to her current role, Gilly’s career spanned across both the fixed income and equity divisions encompassing both sales and trading. She was also responsible for the creation of the new Lender Relationship Management group, leading this effort in Europe, New York and Asia. Gilly sits on the BRM Management Committee and is also a member of the Diversity Action Council, which helps to drive and provide thought leadership on the Firm’s cross-divisional diversity strategy in EMEA. Gilly has been with the Firm since 1988. She lives in Kent with her husband and two sons.

James Templeman Managing Director BlackRock

James Templeman, Managing Director, is a member of BlackRock’s Securities Lending team. He is Global Head of SL Trading and has overall management responsibility for the European Securities Lending business. Mr. Templeman’s service with the firm dates to 2001, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was a member of the Securities Lending team and was head of trading for Europe. Mr. Templeman is currently a Director of Equilend and served on the International Securities Lending Association’s Executive Committee for ten years, including two years as Chairman. Mr. Templeman earned a bachelor’s degree in politics and economics from Leicester University in 1992.

09:45 – 10:15

Keynote Speech

Steven Maijoor Chair European Securities Markets Authority (ESMA)

10:15 - 11:15

Unlocking Liquidity Through Securities Lending - Spain, Saudi & Beyond...

The support for new markets and the search to unlock new liquidity is at the heart of our markets. This session will look at the role that securities lending plays in the provision of market liquidity and explore some of the new and existing opportunities to do so . As we think about the broader CMU agenda, the panel will consider the importance of allowing Spanish domiciled UCITS to fully engage in securities lending, whilst drawing upon examples of markets and regions outside of Europe who are dealing with similar issues on the road to development and expansion. In the context of liquidity management and optimisation, the panellists will also consider the role of central clearing, pledge and other routes to market in the overall debate.

Moderator

Ed Oliver Managing Director, Product Development eSecLending (Europe)

Ed is Managing Director, Product Development at eSecLending (Europe) Ltd. and is responsible for leading the company’s product development efforts focused on new markets, collateral and liquidity solutions and regulatory initiatives. Ed joined eSecLending in 2010 having begun his financial services career in 1988. Prior to joining eSecLending, Ed held positions at Data Explorers (now acquired by IHS Markit), Northern Trust, Baring Asset Management and Lloyds Bank.

Speakers

Harpreet Bains Executive Director, Agent Lending Global Product Head J.P. Morgan

Harpreet Bains is Global Head of Product Management in the Agent Lending Group of Investor Services at J.P Morgan. Harpreet has been in the securities lending business for 12 years, and in her current position based in London, she is responsible for the ongoing management and execution of the product, including strategy and financial performance. Her role involves working closely with sales and relationship management to deliver securities lending solutions to clients. She began her career in J.P Morgan in 1999, and since joining she has held various roles. Prior to securities lending, she spent 5 years as an internal auditor for Investor Services, and before audit, she worked as a legal entity financial controller with coverage of the European entities. Harpreet holds a first class Honours degree in Business and Financial Services.

Benoit Dethier Director, Iberia Head of Business Development Citi Securities Services

Matthew McDermott Global Head of Cross Asset Financing Goldman Sachs

Boaz Yaari CEO Sharegain

11:15 – 11:45

Networking Coffee Break

11:45 – 12:45

Navigating a 'New Europe'

The uncertainty around the exact shape and form of the UK’s departure from the EU, has consumed considerable time and effort over the past three years. However as we look past that and the known unknown, there is much to debate and consider for the future landscape of Europe. This session will assess the key regulatory, economic and business drivers that will shape decisions. The arrival of the new EU Commission and Parliament, the potential loss of the UK’s voice from the European parliamentary arena, implications for data and cyber security, as well as the changing demands of clients more broadly.

Moderator

Andy Hill Senior Director, Market Practice and Regulatory Policy International Capital Market Association (ICMA)

Speakers

Matthias Graulich Global Head of Fixed Income, Funding and Financing Strategy and Development Deutsche Börse Group

Sven Kasper Senior Vice President & International Head, Regulatory, Industry and Government Affairs StateStreet Bank and Trust Company

James Knightley Chief International Economist ING

Graeme Perry EMEA Head of Trading Agency Lending BNP Paribas Securities Services

12:45 - 13:00

Presentation – The Developing ESG Agenda

Dr Radek Stech Founder and CEO, Sustainable Finance, the Law & Stakeholders (SFLS) University of Exeter Law School

13:00 - 13:45

The Impacts of ESG on the Institutional Investor Landscape

Moderator

Jane Gimber Account Director, Financial Services Practice FleishmanHillard

Speakers

Xavier Bouthors Senior Portfolio Manager NN Investment Partners

Nicolas J. Firzli Director General World Pensions Council (WPC)

Rene Nikolodi Head of Equities & Themes Swisscanto Invest by Zurcher Kantonalbank

13:45 - 14:45

Networking Lunch

Kindly hosed by:

16:30 - 18:30

Afternoon Drinks Reception

Kindly hosted by:

Thursday 20th June

08:30 - 09:30

ISLA/Women in Securities Finance Networking Breakfast

Open to all registered conference attendees

8:30 – Arrival/Breakfast
8:40 – Welcome and Opening Remarks, Gilly Meth, Managing Director, Morgan Stanley
8:50 – Jon Terry, Global Financial Services People Leader, PwC
9:00 – Networking
9:30 – End of session

09:00 – 09:45

Breakfast & Registration

09:45 - 10:00

Opening Remarks

Gilly Meth Managing Director Morgan Stanley

James Templeman Managing Director BlackRock

10:00 - 10:20

Presentation - Common Domain Model

Clive Ansell Head of Market Infrastructure and Technology ISDA

10:20 - 11:20

Technology - Realising the Benefits of Digitalisation

Following on directly from the previous presentation, this panel will think more broadly about how the development of the Common Domain Model (CDM), smart contracts and standardised messaging formats is changing the way we are thinking about the application of technology. Regulatory imperatives such as SFTR will create increasingly deep and clean data sets that CDM’s can exploit, driving digital regulatory reporting as well as the development of platforms for the creation and negotiation of master agreements.

Moderator

David Field Head of Prime Services & Securities Finance Delta Capita

Speakers

Andreas Biewald Managing Director Commerzbank

Richard Hay UK Head of Fintech Linklaters

Bimal Kadikar Co-Founder & CEO Transcend

Clive Ansell Head of Market Infrastructure and Technology ISDA

11:20 – 11:50

Networking Coffee Break

11:50 – 12:20

Presentation – Diversity & Inclusion

Jon Terry Global Financial Services People Leader PwC

12:20 – 13:20

Industry Leaders Reflections

The final panel of the day and the overall conference will allow delegates to pause and reflect on the past three days and provide some context around some of the previous debates and presentations.

Moderator

Andy Dyson CEO ISLA

Speakers

Matthew Chessum Investment Manager, Liquidity Management Aberdeen Standard Investments

Joseph Gillingwater Senior Vice President Northern Trust

Jane Karczewski Managing Director, Head of Global Custody HSBC

Phil Winter Director, Head of European Securities Lending Supply Deutsche Bank

13:20 - 13:45

Closing Keynote Speech

Tom Fletcher, CMG Former UK Ambassador Author of Naked Diplomacy

13:45 - 14:00

Closing Remarks by the ISLA Chairman

Jonathan Lombardo Senior Vice President Deutsche Börse Group

14:00 - 15:00

Closing Networking Lunch

Kindly hosted by:

Agenda

Contact

For more information

Email: isla@eventrock.co.uk
Phone: | +44 (0) 1708 530034 | +44 (0) 79315 82121 | +44 (0) 77658 00118

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