ISLA's 28th Annual Securities Finance and Collateral Management Conference
- 18 - 20 June 2019
- Madrid, Spain
ISLA's 28th Annual Securities Finance and Collateral Management Conference
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.
Speaker
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.
Speakers
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.
Speakers
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:
For more information
Email: isla@eventrock.co.uk
Phone: | +44 (0) 1708 530034 | +44 (0) 79315 82121 | +44 (0) 77658 00118