REGULATION AND THE REGULATOR


08.45

ALFI welcome address


08.50

Opening by the Chairperson of the day


08.55

Keynote speech

  • Ugo Bassi

    Ugo Bassi DG FISMA - Financial Markets European Commission


09.15

Regulatory Update

Emerging with the 12th edition of its session “regulatory update”, the European asset management conference is making this panel a tradition! Today’s discussion will give you an all-encompassing, snappy, refreshing and comprehensive overview of nearly all major topics of interest to asset managers operating UCITS and alternative funds, taken from a Luxembourg perspective. It is considering both recent and upcoming regulations, with a mix of pure Luxembourg-centric developments such as circulars and FAQs from the CSSF, and new regulation stemming from the EU as well as from ESMA, and from other international policymakers. Just to raise expectations a little… performance fees, sustainable finance,  eligible assets, ELTIF, MMFR or MAR– will all be discussed, not to mention some other 10+ different topics.


10.00

CSSF interview

2021 will be the year of sustainable finance! Two weeks after the first major deadline in the implementation of SFDR, listen to the views of CSSF Director Marco Zwick, interviewed by Corinne Lamesch, Chairperson of ALFI. What are the first lessons learned and what are the next steps in implementing the European’s Commission Action Plan on financing sustainable growth? Listen to Marco Zwick’s insights on key regulatory and supervisory files impacting the asset management industry, such as ESMA’s CSA on costs and charges, liquidity risks and liquidity management tools, the review of the UCITS Directive and AIFMD, and the CSSF’s programme of activities for 2021.

  • Marco Zwick

    Marco Zwick Director Commission de Surveillance du Secteur Financier (CSSF)

Interviewed by:

  • Corinne Lamesch

    Corinne Lamesch Chairperson Association of the Luxembourg Fund Industry (ALFI)


10.35

ALFI Guidelines on AML/CFT

AML/CFT and KYC are topics which require strict adherence to the highest possible standards from all stakeholders in the industry. Five years after issuing the last version of their guidelines, professionals from ALFI and other relevant industry associations in Luxembourg have worked hard in order to entirely revamp and modernise their guidelines. Hear from our experts Evelyne Christiaens, Head of the Legal Department ALFI and Hema Jewootah, Conducting Officer, Chief Compliance Officer and MLRO Lombard Odier Funds (Europe) S.A. and Co-Chair of ALFI AML Working Group for a snapshot of key recommendations and practical insights, covering both diligence on assets as well as KYC on investors.

  • Hema Jewootah

    Hema Jewootah Conducting Officer, Chief Compliance Officer and MLRO Lombard Odier Funds (Europe) S.A.


11.00

CSSF Circular 18/698 on the authorisation and organisation of IFMs in Luxembourg

Explore the practicalities of the CSSF Circular 18/698 on the authorisation and organisation of IFMs in Luxembourg, several years after its introduction. What are the lessons learnt on the oversight of delegates? Is a tick the box oversight exercise effective or does it risk creating blind spots? Can an oversight be streamlined and automated to make it less resource-intensive by using new technologies? How does oversight reconcile with Group organisation?

Moderator

Panellists

  • Vanessa Camilleri

    Vanessa Camilleri Head of Office, Member of Management Partners Group (Luxembourg) S.A.

  • Johannes Höring

    Johannes Höring Local Managing Director and Conducting Officer GAM (Luxembourg) S.A.

  • Sean O'Driscoll

    Sean O'Driscoll Country Head, Managing Director Universal-Investment-Luxembourg S.A.


11.30

Diversity & Inclusion in the asset servicing of the future – a NextGen view

Masterclass facilitated by State Street

Organizations today are leading significant changes to their cultures, strategy-making processes and talent management efforts to create a diverse and inclusive work environment that is more adaptable, creative and works as a magnet to attract top talent.

From the next generation perspective, the panel discussion will focus on what are the current practices and strategies being developed to support a diverse workplace and how does diversity and inclusion help companies achieve a competitive business advantage.

Moderator

  • Abdel Hmitti

    Abdel Hmitti Head of EMEA Private Equity and Real Assets Servicing State Street

Panellists

  • Loreto Calaf

    Loreto Calaf Investment Compliance Analyst – NextGen & Latin American Professionals Group networks State Street

  • Barbara L. Mabe

    Barbara L. Mabe Financial Risk Manager, Chair of Race & Ethnicity Network State Street


12.15

Chairperson's wrap-up


12.20

Session facilitated by CSS - Future-Proofing Fund Reporting

It’s not just about today’s regulatory requirement, but what’s next on the regulatory horizon. With more compliance complexities, especially with the EU SFDR and transition from UCITS KIID to PRIIPs KID, do you have the right operational capabilities to optimize disparate data sources, vendors and systems to future-proof your organization?