Agenda below:
8:15 am
Registration & Breakfast with the Exhibitors
9:00 am
Chairperson’s Opening Remarks
9:15 am
2012: Year of the OTC Derivative Reform
When will the new CFTC/SEC regulations take effect?
What are SEFS? How many exist and how many will survive?
How open should CCP membership be? Or will big dealer banks continue to control the OTC derivatives market?
Many G20 nations are seeing regulation as an opportunity for their exchanges to enter the clearing space and create competition. Would it be better for the forthcoming clearinghouses to specialize in types of derivatives? Is that structure feasible in this world?
What will be the benefit of LEIs? Can universal LEIs be implemented by the middle of 2012?
Is focus negatively shifting from regulating financial institutions to regulating products?
Moderator:
John Valentine, Valentine Law, LLC
Panelists:
Ila Eckhoff, Managing Director, BlackRock
10:15 am
Is it Clear to you? – Best Practices for Reporting & Clearing of OTC Derivatives
What is clearable?
What’s the benefit of multiple clearinghouses? What are the risks? What are the costs?
Are the clearinghouses reporting correctly?
What is the proper setup for documentation?
What RFQ model requirements will regulators implement?
How long will it take to establish the new documentation?
Panelists:
Carolyn Mitchell, First Vice President, Business Development, OCC
11:00 am
Networking Break with the Exhibitors
11:15 am
WARNING: Concentrated Risk – Creating Systemic Risk Reduction & Transparency
Will SEFs impact counterparties’ systemic and execution risk?
Will the existence of too many CCPs lead to greater risk? Will this make it harder for watchdogs to monitor?
Is mandatory clearing going to protect against systemic risk? Or is too much risk being transferred to the CCP?
Should reconciliations be eliminated, when possible, to reduce risk?
Will recent mergers of trading venues create super exchange and clearinghouse unions that have a higher concentration of risk rather than a mitigation of risk?
Is there such a thing as too much transparency? Especially in pre-trade scenarios?
12:00 pm
Enterprise Data Management for a 360 Degree View of Risk and Performance of OTC Derivatives
Enterprise data management is critical in supporting Dodd-Frank’s requirements for OTC derivatives central trading and clearing. The ability to capture all the data points reflecting how an OTC derivative is traded has a profound impact on the accuracy of calculation of risk exposure, profit/loss and reporting.
Can the systems you have in place capture data from all entities involved in the trading and clearing process, including the counterparty, clearing house and the issuer
Can you easily access and use consistent data to minimize ‘multiple versions of the truth,’ which is typical in an environment of silo systems?
Have you experienced discrepancies between data held in different systems? Will such discrepancies impair investment decisions and impact the accuracy of client/regulator reporting?
Will you be able to support the CFTC’s proposal for unique product identifiers?
Can you integrate with & consolidate data from 3rd party data sources to independently verify & manage the margining process?
Will you be able to support near-real-time reporting requirements as mandated by Dodd-Frank?
Speaker:
Ebbe Kjaersbo, Chief Business Consultant,SimCorp North America
12:30 pm
Lunch Break with the Exhibitors
1:30 pm
Session TBD
2:00 pm
Change is Going to Come – Can Your Firm’s IT Infrastructure Handle it?
There is a tight timeline on implementing technology to coincide with new rules. But there’s a need for more clarity around these rules in order to decide on IT spending and this uncertainty is just further delaying the process.
Even with all the uncertainty, the sell side will spend $1.8 billion in derivatives reform technology by early next year. That’s expensive so how can this be cut back?
Dodd-Frank will push 60% of current US OTC derivatives market by volume into clearinghouses. Are investment managers prepared for central clearing and the technology and operational challenges that come with this migration?
Moderator:
Chad Wekelo, Principal, Actualize Consulting
Panelists:
Michael Daley, VP, Director if Fixed Income Operations, Loomis, Sayles & Company, L.P.
John Fry, Senior Product Manager, Operations, SunGard
Pradiv Mahesh, Global Sales Manager, Omgeo
2:50 pm
Networking Break with the Exhibitors
3:10 pm
Data Overload!
OTC derivatives market reform will increase data significantly. How will the swaps market deal with never before seen data generated from electronic trading, clearing, reporting, risk management and further reform-mandated processes?
Privacy of data is a major concern. Will swap data repositories (SDRs) provide the privacy and security that participant’s desire?
4:00 pm
The New Importance of Collateral
Do buy-side clients have enough collateral on hand?
What is collateral transformation? How much collateral transformation is safe for banks to provide?
How can CCPs manage their collateral?
Panelists:
Ted Leveroni, Vice President, State Street
David Wechter, Senior Director, Collateral Product Management, Algorithmics
4:45 pm
Conference Adjourns
Vendor Price (Software Providers, Exchanges, Service Providers, Consultants, Analysts, etc.):
Register by 10/21/11 at an early bird price of $895.00! After 10/21/11, the full price is $995.00.
Financial Services Firm Price (Banks, Asset Managers, Hedge Funds, Securities Firms, etc.):
Register by 10/21/11 at an early bird price of $595.00! After 10/21/11, the full price is $695.00.
