1. Book before 5th June 2009 and SAVE up to £300
ICBI's 16th annual event
EUROPEAN CLEARING
& SETTLEMENT
“Planning for the Future Over 45+ Outstanding Speakers
in the New Financial Including:
John Serocold, Director, LONDON INVESTMENT
Landscape” BANKING ASSOCIATION
Joël Mérère, Executive Director, EUROCLEAR SA/NV
Rory Cunningham, Strategy Director, LCH CLEARNET
Cathryn Lyall, Chief Operating Officer of Exchange Projects,
Tuesday 7th and Wednesday 8th July 2009. The Hilton London Paddington Hotel. ICAP
Alistair Jones, Head of Relationship Management, Custody
and Clearing, HSBC
7 REASONS WHY YOU CANNOT AFFORD TO MISS ECS 2009 Rob Scott, Managing Director, Global Head of Securities
Clearing and Finance, Domestic Custody Services,
“What Does the Financial Crisis Mean for Users and Providers of DEUTSCHE BANK
Nigel Kemp, Managing Director, Head of the Global
Clearing and Settlement Services?” Transaction Services Legal Department EMEA, CITI
Angela Knight CBE, Chief Executive, BRITISH BANKERS’ ASSOCIATION Dr. Robert Barnes, Managing Director, Equities,
UBS INVESTMENT BANK
“How Much Nearer Are We to Creating an Efficient European Paul Bodart, Executive Vice President, Head of European
Operations, BANK OF NEW YORK
Capital Market?” Dorien Fransens, Secretary General, EUROPEAN
ISSUERS
Mario Nava, Head of Unit G2, EUROPEAN COMMISSION
Swen Werner, Director and Head of Market Advocacy,
“TARGET2-Securities. Where Are We Now? What Are the Domestic Custody Services, DEUTSCHE BANK
Next Steps?” Henry Raschen, Chairman, T2S UK NATIONAL USER
GROUP, Head of Market Strategy, HSBC
Jean-Michel Godeffroy, Director General, EUROPEAN CENTRAL BANK
INSTITUTIONAL FUND SERVICES
“What is the Right Mechanism for Governance of Market Robert Kay, Managing Director, GSCS
John Trundle, Head of Risk Management, EUROCLEAR
Infrastructures And Exchanges?” Bernie Kennedy, Head of Post Trade Services, TURQUOISE
Ruben Lee, CEO and Founder, OXFORD FINANCE GROUP Thomas Steimann, Director, Head of Domestic Custody
Services – Spain, DEUTSCHE BANK
“Why CCPs Are Bad For Banking” Denzil Jenkins, Director of Regulatio, CHI-X EUROPE
Marco Strimer, Chief Executive, SIX X-CLEAR
Chris Skinner, Chairman, THE FINANCIAL SERVICES CLUB
Diana Chan, Chief Executive, EUROCCP
Dr. Werner Frey, MD, EUROPEAN SECURITIES
“Lehman Brothers - Managing A Complex Global Restructuring” SERVICES FORUM
Ann Cairns, Managing Director and Head of Financial Institutions Advisory Roy Zimmerhansl, Principal, ZIMMERHANSL
CONSULTING SERVICES
Services, EMEA, ALVAREZ & MARSAL
Ruud Sleenhoff, Senior Representative, EUROPEAN
BANKING FEDERATION, Senior Vice President and Head
“Do I Still Believe ‘Greed Is Good’?” of Market Infrastructures, ABN AMRO GROUP
Katja Rosenkranz, Head of Business Strategy and Member of
Dominic Hobson, Editor in Chief, GLOBAL CUSTODIAN
the Executive Board, CLEARSTREAM INTERNATIONAL
Phil Bruce, Senior Strategy Adviser, LONDON
INTERNATIONAL FINANCIAL FUTURES
New for 2009:
Brand New Speed Networking Sessions Taking place during the coffee break, EXCHANGE (LIFFE)
delegates signed up for speed networking will meet up to 15 people, at random, each Paul O’Connor, Chairman of the Derivatives Task Force,
EUROPEAN BANKING FEDERATION, Head of
for a minute.
Wholesale Banking, IRISH BANKING FEDERATION
Networking Roundtables Our networking roundtables provide delegates with an Natasha de Teran, Columnist, FINANCIAL NEWS
unmissable opportunity to meet face to face with key speakers. John Gammer, Head of Clearing Sales, EUREX
Strategic Breakfast Briefing on Operational Risk Management Our breakfast Dr. Christopher Sier, Director, ALPHA FINANCIAL
MARKETS CONSULTING
briefing will allow you to build on your knowledge whilst networking in a more relaxed
Anthony Belchambers, CEO, THE FUTURES AND
environment Led by Philip Martin, Chairman of the Institute of Operational Risk OPTIONS ASSOCIATION
Godfried De Vidts, Chairman European Repo Council,
Plus
ICMA, Director of European Affairs, ICAP
Pre-conference workshop: Monday 6th July 2009 John Gubert, Managing Director, THE JSG
CONSULTANCY
The Role Of Risk And How Regulatory Changes Across Elzbieta Pustola, Chief Executive, KPDW
Europe, The USA & Asia Will Impact Future Models And Willy Van Stappen, Chief Operating Officer, EQUIDUCT
TRADING
Infrastructures For Clearing & Settlement Adrian Farnham, Chief Operating Officer, TURQUOISE
Judith Hardt, Secretary General, THE FEDERATION OF
led by Chris Skinner, Chairman of The Financial Services Club EUROPEAN SECURITIES EXCHANGES (FESE)
Cees Vermaas, Executive Director, Sales and Relationship
Official Publications: Management, European Cash Market, NYSE EURONEXT
Peter Norman, Journalist and Author of “PLUMBERS
AND VISIONARIES: SECURITIES SETTLEMENT
AND EUROPE’S FINANCIAL MARKET”
To Register: Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807
Email: info@icbi.co.uk Web: www.icbi-events.com/ecs

2. EUROPEAN CLEARING & SETTLEMENT
European Clearing & Settlement Tuesday 7th and Wednesday 8th July 2009
The Hilton London Paddington Hotel
MAIN C
WHY YOU CANNOT AFFORD TO MISS Ruud Sleenhoff, Senior Representative
Day One
EUROPEAN CLEARING AND SETTLEMENT 2009 EUROPEAN BANKING FEDERATION
Senior Vice President and Head of Market
Opening Remarks from the Chair Infrastructures
09.00
John Serocold, Director ABN AMRO GROUP
THE PROGRAMME
LONDON INVESTMENT BANKING
When Lehmans Brothers collapsed last September, clearing and settlement came out of the Lunch and Networking Roundtables
ASSOCIATION (LIBA) 13.00
shadows as it quietly and efficiently unravelled billions of dollars worth of exposures between Our networking roundtables provide delegates with
Lehmans and its counterparties. This reinforced what regulators had already begun to realise – post Special Address: What Does the an unmissable opportunity to meet face to face
09.10
trade infrastructures are essential for containing systemic risk. This new regulatory focus will with some of our key speakers. Several topical
Financial Crisis Mean for Users and
drive more widespread use of clearing, which will involve major challenges – as well as major subjects will be on offer and groups are kept small
Providers of Clearing and Settlement
opportunities – for the industry. (about 10) so that you can discuss specific issues in
Services? a highly interactive environment. Choose from::
• What does the future hold for transaction banking
And the post trade industry is going to face other major issues in the coming months. These are just and securities services?
Lehmans: Lessons for the Future
some of the topics to be addressed by our outstanding speaker faculty: • What operational lessons can we learn from the
Led by: Ann Cairns, Managing Director and Head of
global financial meltdown of 2008?
• How to succeed in the post trade industry in the new financial landscape Financial Institutions Advisory Services, EMEA
• What will the current trouble in the hedge fund
• Why the new emphasis on risk management will change the agenda ALVAREZ & MARSAL
world mean for the industry?
• A new focus on cost and a re-examination of business models • How the new focus on costs and risk will force re-
• Is the current operating model in the custody market sustainable? examination of business models The Future for European Clearing
• Will we see projects grinding to a halt with no
• Are CCPs bad for banks? Led by: Chris Skinner, Chairman
capacity for investment or will there be renewed
• Ramifications of a more widespread use of CCPs THE FINANCIAL SERVICES CLUB
calls for harmonisation to keep driving costs down?
• What does the future hold for OTC derivatives clearing?
Angela Knight CBE, Chief Executive
• European initiatives to reduce post trade costs – from the Code of Conduct to CESAME2 A Way Forward for OTC Derivatives
BRITISH BANKERS’ ASSOCIATION
• TARGET2-Securities - where are we now and what are the next steps? Clearing
• Collateral management in a brave new world Led by: Dr. Christopher Sier, Director
Keynote Address: Do I Still Believe
09.40
• The right mechanism for governance of market infrastructures and exchanges ALPHA FINANCIAL MARKETS CONSULTING
“Greed Is Good?”
• How exchange consolidation and the growth of MTFs will impact upon the post trade landscape
Dominic Hobson, Editor in Chief The Future for Securities Services
GLOBAL CUSTODIAN
So what will determine who will be the winners and losers in the changing post trade landscape? Led by: Dominic Hobson, Editor in Chief
How can you ensure that you emerge from the gloom fighting fit and stronger than ever? ICBI's GLOBAL CUSTODIAN
Case Study: Lehman Brothers -
annual European Clearing and Settlement conference is the leading event in the market. Now in its 10.10
Managing A Complex Global
sixteenth successful year, the programme is extensively researched with the trade and post trade The Long Term Impact of TARGET2-
communities to ensure that it addresses the issues that matter most to you. This event could Restructuring Securities
hardly be more timely with the significant changes currently underway in the clearing and • How did the industry cope with the Lehman’s
Led by: Jean-Michel Godeffroy, Director General
settlement industry. collapse?
for Payment Systems and Market Infrastructure
• What are the implications for bilateral risk?
EUROPEAN CENTRAL BANK
• The practicalities of restructuring a global trading
THE SPEAKERS entity
The Role of Legal and Regulatory
14.20
• Planning for the future: how banks can prepare for
European Clearing and Settlement 2009 will bring you the latest thinking from the most senior and
Reforms In The New Clearing and
crises
influential decision makers in the trade and post trade communities. With over 45 speakers packed
Settlement Environment
Ann Cairns, Managing Director and Head of
into 2 days of business critical information this is an unrivalled opportunity to hear from many of
Financial Institutions Advisory Services, EMEA • What are the continuing legal and regulatory
the industry’s leading practitioners. Benefit from:
obstacles and are they any different from the ones
ALVAREZ & MARSAL
which were there 2 years ago?
• Updates from the decision makers at the forefront of key industry initiatives
• What are the risks in the current environment and
10.40 Morning Coffee
• Debating new business models with acknowledged thought leaders
how are financial institutions seeking to mitigate
• Listening to those at the heart of the latest regulatory developments
these?
The Financial Crisis: What We Can Learn
11.10
• Understanding how the infrastructure providers see the future evolving
• In the light of little progress on harmonising
From quot;The Dogs That Didn't Barkquot;
• Learning from market users how they want to see the industry change
European securities laws are we heading towards
• The evolution of the financial crisis; from credit risk
a Directive and would a Directive have the
to liquidity squeeze to credit crisis
THE NETWORKING desired effect in terms of achieving a Pan EU
• The parts of the market that worked normally
framework which will really be used universally -
• The benefits of infrastructure strengthened to meet
ICBI’s European Clearing and Settlement conference has established itself as the leading
or are we going back to national barriers?
international standards
event in the market for high level networking. The event offers optimal delegate numbers:
• Post Lehman events bringing new (and not so
• Market expectations of cost effectiveness and good
large enough for excellent networking opportunities – small enough for you to actually meet new) challenges to clearing and settlement:
risk management
who you want to. And this year we have added even more ways for you to make new contacts and - client assets and client money
• How consolidation and harmonisation helps
catch up with old friends - taking an quot;EU Security Interestquot; - possible or
John Trundle, Head of Risk Management
not really....
EUROCLEAR
- credit, liquidity and confidence
NEW FOR ECS 2009 • Does one really have a choice in CCPs (safety vs
Is The Current Operating Model In The
11.40
expense)?
Custody Market Sustainable? • How are clearing agents regarding credit lines?
Brand New Speed Networking Sessions • The bad news: • Is there confidence in custodians ... or are they
- falling transaction fees really more of an easy target to go and blame?
This year we are delighted to introduce our highly effective Speed Networking Sessions to ECS. Taking place
- market values remain depressed
Nigel Kemp, Managing Director, Head of the
during the coffee break, delegates signed up for speed networking will meet up to 15 people, at random, each for a
- custody fees will continue to fall
minute. They will be able to swap business cards and briefly explain their interests before moving onto the next Global Transaction Services Legal Department
• The good news:
contact. Then after the session, delegates may choose to revert to some they have met for a longer chat. This is a EMEA
- transaction banking has to go on
quick and highly efficient way of meeting a large number of your peers at the event. CITI
- it will continue to provide income and liquidity
Networking Roundtables - limited balance sheet requirements
Strategy Roundtable: Meeting The
14.50
• So if you want to compete in this space what are the
Our networking roundtables provide delegates with an unmissable opportunity to meet face to face with some of
Challenges Of The Post Trade
key issues you should be considering? What will
our key speakers. Several topical subjects will be on offer and groups are kept small (about 10) so that you can
determine who will be the winners and losers? Landscape In Spain
discuss specific issues in a highly interactive environment Don’t miss this great opportunity to network with
Robert Kay, Managing Director • An overview of the Spanish trade and post trade
some of the most eminent names in the post trade industry and to share information with your peers. See
GSCS
programme for details market
• What are the challenges and constraints?
Strategic Breakfast Briefing: Operational Risk Management Strategy Roundtable: How To Succeed • How can these be overcome?
12.10
Hugely popular at our other events, our breakfast briefing will allow you to build on your knowledge, hear insights • Next steps
in the Post Trade Industry In The New
first hand from senior representatives from business or academia and to network in a more relaxed environment Our Dr. Robert Barnes, Managing Director,
Financial Landscape: Reducing Risk,
breakfast briefing will challenge the latest thinking and address some of the big issues of the day. You may not go
Equities
Costs and Getting Closer to Your
away with all the answers but it will certainly give you a better understanding of what the real questions are. See
UBS INVESTMENT BANK
Customers
programme for details
• What will the new focus on risk mean in practical Thomas Steimann, Director, Head of
terms? Domestic Custody Services – Spain
• If harmonisation, reduced platforms and DEUTSCHE BANK
SPONSORSHIP AND EXHIBITION competition will drive costs down at the macro
Bernie Kennedy, Head of Post Trade Services
level, what should you be doing at the micro level?
OPPORTUNITIES TURQUOISE
• Are we going to see a rise in outsourcing of
operational processes to infrastructures from both a
Denzil Jenkins, Director of Regulation
risk and a capital function viewpoint?
ICBI’s European Clearing and Settlement conference has established itself CHI-X EUROPE
• Is the banking industry going to become a very
as the leading event in the market for high level networking. The event different creature?
15.40 Afternoon Tea
• Where can you add value for clients without adding
offer optimal delegate numbers: large enough for excellent networking
costs for yourself?
opportunities - small enough for you to actually meet who you want to. Keynote Address from the ECB:
16.05
• Why user choice is such an important new facet of
TARGET2-Securities. Where Are We
the European post trade landscape
Our delegates tell us that what makes this event genuinely unique is the calibre Cathryn Lyall, Chief Operating Officer of Now? What Are the Next Steps?
and level of the attendees combined with the chance to get inside stories on a Exchange Projects • Benefits of T2S:
one-to-one basis. If you supply solutions to the trading, clearing and settlement ICAP - fostering harmonisation
communities you cannot afford to miss the promotional opportunities this event - reducing the cost of doing business
Alistair Jones, Head of Sales and Relationship - facilitation of liquidity management
offers. We can offer you packages to match any marketing requirement or Management, Europe Custody and Clearing • Adaptation costs for CSDs and custodians
budget. Full details are available. HSBC • The impact on issuers and investors
• The long term impact on the Eurosystem
Rob Scott, Managing Director, Global Head of
Please contact Helen Lowe on: Jean-Michel Godeffroy, Director General for
Securities Clearing and Finance, Domestic
+44 (0) 207 017 4041 or helen.lowe@informa.com Payment Systems and Market Infrastructure
Custody Services, DEUTSCHE BANK
EUROPEAN CENTRAL BANK
To Register: Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
European Clearing & Settlement www.icbi-events.com/ecs
Email: info@icbi.co.uk Web:

3. EUROPEAN CLEARING & SETTLEMENT Tuesday 7th and Wednesday 8th July 2009
The Hilton London Paddington Hotel
ONFERENCE PROGRAMME
Don’t Miss Our
How T2S Will Change The Life Of A Why CCPs Are Bad For Banking Why The Industry Should Back The Pre Conference Workshop
16.35 09.10 12.10
Regulators’ Call For OTC Derivatives
• The clearing model didn’t stop the credit and
Global Custodian
The Role Of Risk And
liquidity crisis and some think it actually helped Clearing
• Current business model of a global custodian
to make it happen
• Analysis of the ways in which to connect to T2S • Why is OTC derivatives clearing at the top of the
How Regulatory Changes
• CCPs mean that banks don’t worry about lending
• Objectives: improve service levels; reduce costs political agenda?
and borrowing, they just go with the flow as long
and achieve better liquidity management • Understanding the nature and extent of the
Across Europe, The USA
as the CCP green light is given bilateral risks in the industry
• As T2S will only be implemented in 2013, why
• Equally, CCPs exacerbate risks by placing them • What are the obstacles to overcome to achieve
do you need to start thinking about your
& Asia Will Impact Future
in one place OTC derivatives clearing?
operating model now?
• Are the economics of clearing due for re- • Finding a way forward
Paul Bodart, Executive Vice President, Head
Models And
thinking? Dr. Christopher Sier, Director
of European Operations
• Entrance of new players into the clearing ALPHA FINANCIAL MARKETS
Infrastructures For
THE BANK OF NEW YORK MELLON
business CONSULTING
• Would we be better off with fewer CCPs from a
Clearing & Settlement
Strategy Roundtable: Implications
17.00
“safety and soundness” perspective? What is the Strategy Roundtable: What Does The
12.30
for All Market Participants of optimal number of CCPs for the European Future Hold For OTC Derivatives Monday 6th July 2009, The London
TARGET2 Securities: Operation, market?
Clearing?
Governance and Regulation: Risks Vs. Hilton Paddington
• Tensions between clearing houses and their • What are the pros and cons of CCP services for
Rewards members over margining requirements OTC derivatives?
• Could the intraday margining policies create
• How different will a T2S world look? • What are the challenges inherent in OTC The past year has been a rollercoaster
systemic risk?
• Is it necessary? Who will pay for it? derivatives clearing? ride but little has changed in terms of new
• Are we going to see US domination in European
• Will the UK join? Why does that matter? • Where are the vested interests?
regulations and infrastructures .. or has it?
clearing?
• How will CSDs have to adapt their business • Who will throw their hat in the ring?
The European Commission, EU country
Chris Skinner, Chairman
models? • What will determine the winners and losers in
THE FINANCIAL SERVICES CLUB
• How will T2S affect issuers? regulators, Federal Reserve, SEC and
the battle for market share?
• The Link UP Markets Initiative Moderator: Treasury, along with many other country
• Euroclear’s Single Platform Keynote Address from the European Anthony Belchambers, Chief Executive
09.35 focused regulatory authorities have been
• The future: new forms of partnership and further THE FUTURES AND OPTIONS
Commission: How Much Nearer Are working hard to create a global central
consolidation ASSOCIATION (FOA)
We to Creating an Efficient European counterparty authority along with new
Joël Mérère, Executive Director Panellists:
Capital Market? From The Code of capital requirements in light of the global
EUROCLEAR SA/NV Judith Hardt, Secretary General
Conduct to CESAME2 THE FEDERATION OF EUROPEAN SECURITIES systemic risks raised by the liquidity crisis
Katja Rosenkranz, Head of Business • An update on the impact of the Code of Conduct
EXCHANGES (FESE) after Lehman Brothers’ collapse.
Strategy and Member of the Executive Board on all market participants
John Gammer, Head of Clearing Sales
• Has it achieved what we had hoped it would
CLEARSTREAM INTERNATIONAL
EUREX • What are these new regulations?
have by now?
Dorien Fransens, Secretary General • How can we achieve progress on access and
Phil Bruce, Senior Strategy Adviser
EUROPEAN ISSUERS • How are the G20 working together?
interoperability?
LONDON INTERNATIONAL FINANCIAL
• Results from the CESAME December 2008
Swen Werner, Director and Head of Market FUTURES EXCHANGE (LIFFE) • What do existing clearing and
report
Advocacy, Domestic Custody Services Dr. Christopher Sier, Director settlement firms need to know?
• An update on the work of the CESAME2 Group
DEUTSCHE BANK ALPHA FINANCIAL MARKETS
Mario Nava, Head of Unit G2, Internal
• More importantly what do they need to
CONSULTING
Market and Services
Henry Raschen, Chairman
do in light of the changes being
Paul O’Connor, Chairman of the Derivatives
EUROPEAN COMMISSION
T2S UK NATIONAL USER GROUP
introduced?
Task Force
Head of Market Strategy
EUROPEAN BANKING FEDERATION
Panel Discussion: Competition and
HSBC INSTITUTIONAL FUND SERVICES 10.05
Head of Wholesale Banking This workshop explores these themes in
Choice In And For The Market In
IRISH BANKING FEDERATION
Closing Remarks from the Chair depth and tries to predict some of the core
Pan-European Clearing
18.10
• What is holding up progress on interoperability? infrastructural changes of the new global
13.20 Lunch
• Can we envisage a European web of interlinking regulatory requirements.
Cocktail
18.15
CCPs eventually? How long will it take?
Collateral Management In A Brave
14.30
• Is there an alternative to interoperability to
Reception New World In particular, it looks at the build up to the
introduce competition among CCPs?
• Fragmentation of collateral in the current market credit crisis, when Europe had a clear path
• Are there too many players in the industry?
structure of implementation of new clearing systems
• How will competition and consolidation change
• Should you factor in capital adequacy for
the market? What will it look like in 3-5 years as part of the Code of Conduct agreements
clearing and settlement functions?
time?
that most major clearing and settlement
Day Two • Consolidation of collateral operations as a way of
Moderator:
organisations had signed up for. These
funding clearing and settlement
Peter Norman, Journalist and Author of • The future for collateral posting: collateral changes were critical to support the
“PLUMBERS AND VISIONARIES: SECURITIES
08.00 Strategic Breakfast Briefing: How movements and determination of collateral
Markets in Financial Instruments
SETTLEMENT AND EUROPE’S FINANCIAL
Important is Operational Risk amounts
Directive, as well as the level playing field
MARKET” • Technology and the tools at your disposal
Management?
sought to enable competition across the
• The Collateral Central Bank Management User
Operational risk has never been more important Panellists: Requirements pan-European trading arena.
than it is in today’s new global financial landscape. Rory Cunningham, Strategy Director Godfried De Vidts, Chairman European
Our breakfast briefing, led by one of the leading LCH CLEARNET Repo Council, ICMA
experts in the field, will address these key issues: The launch of new CCPs such as Euro
Director of European Affairs
Marco Strimer, Chief Executive
• Does the ORM function have an adequate voice
CCP and EMCF were already changing the
ICAP
SIX X-CLEAR
within the business?
dynamics of these operations, and then the
• Does Senior Management really pay attention to
Diana Chan, Chief Executive Officer Keynote Address: What is the Right crisis hit such that EMCF was effectively
14.55
ORM?
EUROCCP Mechanism for Governance of nationalised by the Dutch Government.
• Why have things gone so wrong?
Market Infrastructures And Since then, LCH.Clearnet and EuroCCP
• What does the future hold for ORM? Natasha de Teran, Columnist
Exchanges
And there will be plenty of time for Q&A and have come together through the acquisition
FINANCIAL NEWS
interaction with the audience. • True and false meanings of corporate governance of the former by the DTCC, and new CCP
• The beneficiaries of corporate governance
Philip H. Martin, Director Progress Towards Standardising
10.55 operations are being launched to support
• The benefits of competition
Kinetic Partners LLP, Chairman Corporate Actions Processing the OTC Derivatives markets.
• The right ends of public policy
INSTITUTE OF OPERATIONAL RISK (IOR) • Why does it matter so much? Ruben Lee, CEO and Founder
Philip has been a member of the Institute of • What issues do CCPs in particular face with
OXFORD FINANCE GROUP All of these areas will be discussed,
Operational Risk since being accepted as a Fellow in corporate actions?
December 2005. He has been chairman of the council unravelled and analysed by leading
• The views of issuers, market infrastructures and
Strategy Roundtable: How Will
15.30
of the Institute of Operational Risk since February industry commentator Chris Skinner,
banks
Exchange Consolidation Impact the
2007. In 2005, Philip founded Enterprise Risk
Chair, The Financial Services Club,
• An update on the market standards proposed by
Advisors, which provides risk management advice to Post Trade Landscape - and Vice
the joint working group and the feedback from Chief Executive, Balatro Ltd, Co-
the financial services industry. He started his career
Versa?
market consultation Founder, Shaping Tomorrow. Chris is
in 1977 specialising in fraud and professional liability
• What are the current issues?
• Implementation of the standards in Europe and well-known for his regular columns and
insurances for the global financial services industry.
• How the changing competitive landscape of
beyond
is the author of several books including
He was an executive director at HSBC Insurance
exchanges will shape the future
Dr Werner Frey, Managing Director
Brokers from 1985 - 2004 and managing director of “The Future of Banking”, “The Future of
• What does all this mean for the post trade
EUROPEAN SECURITIES SERVICES
HSBC Operational Risk Consultancy Division from Finance after SEPA” and “The Future of
industry?
FORUM
1995 – 2004 where he delivered operational risk
Investing after MiFID”. Chris is also
Moderator:
software solutions to global financial services clients.
John Gubert, Managing Director known for his regular speaking and
11.15 Morning Coffee with Speed Networking!
He has specialised in the design and provision of
THE JSG CONSULTANCY keynote presentations at the leading
Operational Risk Management solutions to global
industry forums, including SIBOS and
What Does The Future Hold For
financial services clients. He is currently a director of 11.50 Panellists:
BAI’s Retail Delivery, as well as many
operational risk at Kinetic Partners LLP with Securities Lending? Is There A Case Elzbieta Pustola, Chief Executive
responsibility for expanding operational risk solutions others. Through these keynotes, he has
KPDW
For CCP Services For Securities
for Kinetic’s asset management clients. presented alongside many other leading
Lending? Willy Van Stappen, Chief Operating Officer world figures including Gary Hamel,
• Securities lending – an industry under siege
The Institute of Operational Risk (IOR) EQUIDUCT TRADING
Michael Porter, Richard Branson, Lou
• Will the CCPs deliver the promised functionality
The Institute of Operational Risk (IOR) was created
Gerstner, Meg Whitman and Bill Gates.
Adrian Farnham, Chief Operating Officer
and benefits?
as a professional body whose aim is to establish and
TURQUOISE Chris is a Judge with awards programs
• Will the benefits be substantial and wide-ranging
maintain standards of professional competency in the
enough to be attractive to a significant proportion run by TradeTech and the Asian Banker,
discipline of Operational Risk Management. For
Cees Vermaas, Executive Director, Sales and
of the market?
more information visit: www.ior-institute.org as well as a contributor to the World
Relationship Management, European Cash
• Will the securities lending industry embrace Economic Forum’s Scenario Project on
Market
Opening Remarks from the Chair change and actively support the development of
09.00 Technology Innovation in Financial
NYSE EURONEXT
CCPs?
John Serocold, Director Services.
Roy Zimmerhansl, Principal Closing Remarks from the Chair
LONDON INVESTMENT BANKING 16.25
ZIMMERHANSL CONSULTING SERVICES
ASSOCIATION (LIBA)
Close of Conference
16.30
To Register: Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
European Email: info@icbi.co.uk
Clearing & Settlement www.icbi-events.com/ecs
Web: