8.00 - 8.45

Registration and breakfast


8.45 - 9.00

Welcome and introduction


9.00 - 9.15

Chairperson’s introduction

  • Jean-Pierre Gomez

    Jean-Pierre Gomez Head of Regulatory & Public Affairs Société Générale Securities Services Luxembourg


9.15 - 9.30

Setting the scene

  • Regulatory update on new AIFM/UCITS CDRs (2013/231 and  2016/438), SFTR, EMIR Refit, Uncleared Margin Rules (UMR)
  • Facts and trends on securities lending and the use of derivatives by funds

9.30 - 10.10

Business drivers for securities financing transactions (SFTs)

  • Investment fund lending profiles
  • Lending as a principal or with an agent?
  • Trends and markets incentives

Moderator

Panellists

  • Simon Askew

    Simon Askew EMEA Head of Fixed Income Securities Lending Trading BlackRock, London

  • Simon Lee

    Simon Lee Managing Director, Business Development eSecLending ( Europe ) Ltd, London

  • Rob Nunn

    Rob Nunn EMEA Beneficial Owner Product Manager - Director IHS Markit, London


10.10 - 10.40

Refreshment break


10.40 - 11.25

Facilitating the circulation of high-quality liquid assets (HQLA)

  • Emergence of platforms to exchange collateral
  • Role of a master agreement such as the GMSLA
  • How to deal with the re-use regulatory limitations for UCITS and ETFs in SFTs?
  • Sell side demand for HQLAs

Moderator

Panellists

  • Matthias Graulich

    Matthias Graulich Chief Strategy Officer, Member of the Executive Board, Eurex Clearing Global Head of Fixed Income, Funding & Financing Strategy and Development Deutsche Börse AG


11.25 - 12.10

The new books and records requirements (CDRs 2013/231 and 2016/438) and their impact on the depositary

  • Focus on depositaries’ delegates: collateral agent and prime broker
  • Possible implementation scenarios for the books and records requirements
  • Impact on AIFs and UCITS funds

Moderator

  • Franck Wassmer

    Franck Wassmer Deputy General Manager & EMEA Depositary Services Product Manager BNY Mellon Luxembourg

Panellists

  • Martine Dutrieux

    Martine Dutrieux Managing Director, Head of Depository and Oversight State Street Bank Luxembourg

  • Laura Gehlkopf

    Laura Gehlkopf Attaché - Métier OPC Commission de Surveillance du Secteur Financier (CSSF)

  • Elke Weppner

    Elke Weppner Vice President Legal and International Affairs Association of Foreign Banks in Germany (VAB), Frankfurt


12.10 - 12.15

Chairperson’s wrap-up and closing remarks


12.15 - 14.00

Lunch break


14.00 - 14.05

Chairperson’s introduction

  • Michael Mekhaeel

    Michael Mekhaeel Assistant Department Head - Depositary Services Brown Brothers Harriman (Luxembourg) S.C.A.


14.05 - 14.30

Out of the Box: Lending to sovereigns

  • Structuring of the ESM lending programme

14.30 - 15.15

Case study: How is the industry implementing the SFTR trade reporting requirements?

  • Challenges for investments funds with the reporting framework
  • Collateral re-use: how to deal with cash and securities?
  • Project approach: top-down or bottom-up?

Moderator

Panellists

  • Emma Kalliomaki

    Emma Kalliomaki Managing Director Association of National Numbering Agencies (ANNA), Brussels


15.15 - 15.45

Refreshment break


15.45 - 16.20

Collateral eligibility and regulatory compliance

  • Investment restrictions
  • Pledge and title transfer
  • Impact for depositaries

Moderator

Panellists

  • Christian Dominique

    Christian Dominique Head of Depositary & Banking Services Operations BNP Paribas Securities Services

  • Jean-Robert Wilkin

    Jean-Robert Wilkin Executive Director - Head of Business Development Banking, Funding & Financing Clearstream Banking, Deutsche Börse Group


16.20 - 17.00

What’s next? Steps to take after the adoption of the EMIR and UMR reforms

  • Challenges of the entry into force of EMIR Refit: how to comply with the clearing obligation?
  • UMR full application: what are the challenges for phase 5 firms?
  • Market best practices and expectations from regulatory bodies

Moderator

Panellists

  • Banu Apers

    Banu Apers Head of Product Management – Collateral Management, Banking, Funding & Financing Clearstream Banking SA

  • Robert Duebbers

    Robert Duebbers Senior Policy Officer DG Fisma, European Commission, Brussels


17.00 - 17.05

Chairperson’s wrap-up and closing remarks


17.05 - 18.30

Closing drinks