FOW Regulation 2017


Grange City Hotel, London, United Kingdom

06 Sep 2017

Event Overview


FOW Regulation 2017 event educates the market on the latest changes in financial regulation and how it will impact derivatives trading in London and beyond.

The event is aimed at translating reforms into business opportunity. Each panel begins with an intro framing the legislation under consideration followed by a discussion on what that means for how you run your business or operations. 

There are limited complimentary places to those from banks, brokerages and buyside firms. 

If you have any questions about the event please contact Valerija Slavina valerija.slavina@globalinvestorgroup.com.

To discuss sponsor options email Hanna Debank at hanna.debank@globalinvestorgroup.com 

 

8:00 Registration and refreshments

9:00 Welcome address


9:10 Keynote address

Stephen Hanks, Manager, FCA


9:30 Beyond implementation – new business opportunities under MiFID II
While the majority of the market is focused on implementation of Mifid II, the pioneers are setting their sights on the business opportunities created by the reforms. The directive marks a structural shift in the derivatives market on an unprecedented scale. This panel will ask where
the opportunity lies in the new market structure.

- What does the post-Mifid II trading environment look like?
- How will market structure change create new opportunities?
- What opportunities are there from the changes to the Systematic Internaliser regime?
- How will Mifid II change interactions in the market in the long-term?

Moderator:

Luke Jeffs, Managing Editor, Global Investor Group

Speakers:
Lewis Richardson, Derivatives Business Development Manager, Fidessa
Anthony Kirby, Director of Regulatory Reform and Risk Management, EY
Gary Stone,
Regulatory Policy analyst and Market Structure Strategist, Bloomberg


10:20 Coffee break

10:45 Brexit contingency planning
With uncertainty the only certainty around the Brexit negotiations, all financial institutions are making contingency plans for every eventuality. However, it is not only the larger companies that will be impacted and all businesses in the financial markets should understand
the potential impact and make contingency plans.

- How are larger firms preparing for Brexit?
- What impact on operations is Brexit likely to have?
- How can smaller firms cost effectively plan for Brexit?
- What did the July PRA review require? 

Moderator:

Dave Feltes, Director, KPMG

Speakers:
Thomas Donegan
, Partner, Shearman & Sterling
Oliver Robinson, Associate Director, Markets Regulation, AIMA
Simon Puleston-Jones, Head of Europe,  FIA
Alex McDonald, CEO, WMBA

11:35 Presentation: Mifid II: Fact or fiction?

Anne Plested,
Head of EU Regulation Change Programme, Fidessa

11:45 DEA and market access issues within Mifid II
Regulation of direct electronic access has taken centre stage in Mifid II bringing more questions than answers to date.
With a wide definition of HFT, differences across asset classes and continued uncertainty over third-country firm access, firms will need to
review their DEA flows and processes to meet requirements.

- How is DEA defined and what are the differences in interpretation of the rules across jurisdictions?
- How are firms dealing with the issue of sub-delegation of DEA?
- What is high-frequency algorithmic trading and what are the consequences for users of HFAT in various jurisdictions?
- What is straight-through processing and how will it impact firms across the market?

Moderator:

Julie Aelbrecht, Senior Reporter, Global Investor Group

Speakers:
Wieger ten Have, Compliance Officer, Flow Traders
Nathaniel Lalone, Partner, Katten
Greg Wood, SVP, Global Industry Operations and Technology, FIA


12: 35 Lunch


13:30 Regulatory reporting: peak implementation
2018 marks the introduction of new reporting rules under Mifid II, SFTR and changes to the existing regime under the Emir review. This will result in even more complexity in terms of data processing and reporting mechanisms. It is clear that many firms will have to
overhaul how they report both internally and externally in order to meet the requirements.

- What does the Emir review mean for reporting?
- How will Mifid II and SFTR rules change reporting processes?
- What are the main challenges in reporting firms are facing in 2018 and how to overcome them?
- How can firms drive efficiencies across the requirements to report?

Moderator:

Daniel Simpson, Head of Research JWG

Speakers:
Adrian Gill, Regulation Specialist, Abide Financial
Subbu Loganathan, Founder & CEO, Pico Analytics
Chad Giussani, Head of Transaction Reporting Compliance, Standard Charted Bank
A senior representative of Unavista


14:20 Presentation

14:30 Position limits: preparing for uncertainty
Position limits on commodity trading have been one of the most uncertain and complex parts of the Mifid II legislation. Uncertainty over the threshold of the limits, exemptions and the processes of monitoring remain with just months to go before the implementation causing major headaches for market participants.

- What are the limits and the implications for the industry?
- What is an “economically equivalent OTC product” and how to identify it?
- What are the data flows necessary for position monitoring?
- What exemptions are there and how can firms qualify?

Moderator:

Clive Furness, Managing Director, Contango

Speakers:
Carolyn Jackson, Partner, Katten
Diarmuid O'Hegarty,  Head of Compliance, ADMIS
Paul Willis, Manager, Markets Policy, FCA


15:20 Coffee break


15:45 The expansion of the Senior Managers Regime
From 2018, the Senior Managers Regime will be expanded to include all firms in the financial industry. Already applied to banks, non-bank brokerages, prop firms and asset managers are among those who will have to adapt to the new rules and understand the differences from
the current Approved Persons Regime.

- What responsibilities will managers have under the SMR?
- What internal operations need to change?
- What reporting is required under the regime?
- How does the regime change market surveillance requirements for trading firms?

Speakers:

Brian McDonnell, Partner, Addleshaw Goddard

16:35 Post Mifid II reforms
Mifid II is set to be one of the most intensive regulatory implementations the industry has ever know but the pace of reform will not let up.
With more reforms and the impact of Brexit on the horizon, we look ahead to the next stages of reforms including the General Data Protection Regulation, SFTR and more.

Moderator:

William Mitting, Managing Director, Global Investor Group

Speakers:
Brian McDonnell
, Partner, Addleshaw Goddard
Barney Reynolds,
Partner, Shearman & Sterling

17:15 Drinks reception

Confirmed Speakers


 

Julie Aelbrecht, Senior Reporter, Global Investor Group
Thomas Donegan, Partner, Shearman & Sterling
Dave Feltes, Director, KPMG
Clive Furness, Managing Director, Contango
Adrian Gill,
Regulation Specialist, Abide Financial
Chad Giussani,
Head of Operations Compliance, Standard Chartered Bank
Stephen Hanks, Manager, FCA
Carolyn Jackson, Partner, Katten
Luke Jeffs, Managing Editor, Global Investor Group
Anthony Kirby, Director of Regulatory Reform and Risk Management, EY
Nathaniel Lalone, Partner, Katten
Subbu Loganathan,
Founder & CEO. Pico Analytics
Alex McDonald, CEO, WMBA
Brian  McDonnell, Partner, Addleshaw Goddard
William Mitting, Managing Director, Global Investor Group
Diarmund O'Hegarty, Head of compliance, ADMIS
Anne Plested,
Head of EU Regulation Change Programme, Fidessa
Simon  Puleston-Jones, Head of Europe, FIA
Lewis Richardson,
Derivatives Business Development Manager, Fidessa
Barney Reynolds, Partner, Shearman & Sterling
Oliver Robinson, Associate Director, Markets Regulation, AIMA
Daniel Simpson, Head of Research, JWG
Gary Stone,
Regulatory Policy analyst and Market Structure Strategist, Bloomberg
Wieger ten Have,
Compliance Officer, Flow Traders
Paul Willis, Manager, Markets Policy, FCA
Greg Wood ,SVP, Global Industry Operations and Technology, FIA

 

 

 

 

 

Platinum sponsor

Fidessa

Fidessa's platform provides powerful, exceptions-based workflow for derivatives trading with extensive order management, execution tools, middle office and post-trade capabilities. Connecting to all major derivatives exchanges worldwide, it scales from a single regional implementation with global reach, to a global deployment across multiple regions. A unique distributed architecture allows global trading firms to best route orders, regardless of the client's location, taking advantage of smart order routing and smart crossing capabilities that help facilitate higher fill rates.

'Follow the sun' global order management allows an order from anywhere in the world to be put through the same workflow technology, maximising STP and efficiency whilst minimising risk. A range of specialised derivatives algorithms are supported, including benchmark algos and advanced synthetic order types. Powerful order analytics capabilities bring greater precision to the control and measurement of derivatives algos and provide transparency of execution. Order stitching and bulking/compositing capabilities allow users to manage inbound electronic order flows more efficiently. Users can create and manage call level alerts within the trading workflow and self-match prevention functionality monitors for potential self-matches across all trade flow, markets and regions. The advanced synthetic spread tool supports relative value trading for fixed income instruments, including DV01 values, enabling traders to accurately hedge interest rate exposure and achieve duration neutral strategies.

Fully integrated risk functionality manages client limits globally and multiple allocation workflows are handled simply and efficiently.

Fidessa has undertaken a significant MiFID II platform development programme to ensure its customers can meet their obligations under the new rules.
www.fidessa.com

Gold Sponsors

 

 
Katten Munchin Rosenman UK LLP

The London office* acts for clients operating in the real estate, corporate, banking and finance, and financial services sectors. The real estate practice covers investment, development, real estate finance, hospitality and leisure, and corporate occupier work. The banking and finance team acts for lenders and borrowers across a range of
l
ending products and the financial services team acts for trading platforms, clearing houses, all types of investment and trading firms, and funds.
With US qualified lawyers in the London office sitting alongside their UK counterparts and part of a platform spanning the United States and Asia in centres of finance, including Charlotte, Chicago, Los Angeles, New York, Shanghai and Washington, DC, the London office offers skilled, integrated legal advice for domestic and international clients operating in the United Kingdom, Europe, United States and Asia.

*Operating through its affiliate Katten Muchin Rosenman UK LLP. Katten Muchin Rosenman UK LLP is authorised and regulated by the
Solicitors Regulation Authority

 

 

 

NEX Regulatory Reporting

NEX Regulatory Reporting, a NEX Group business, operates within NEX Optimisation, which helps clients simplify complexity and optimise resources. Powered by Abide Financial, NEX Regulatory Reporting platform lowers costs, eliminates operational risk and provides regulatory reporting effectiveness. Through the business’s multi-regime reporting hub, regulatory obligations are
translated into future proof compliant solutions while its specialist advisory teams interpret the impact of evolving markets
regulation relating to trade and transaction reporting. In addition to local European regulatory environments (EMIR, MiFID/II, SFTR, REMIT),
NEX Regulatory Reporting provides specialised reporting services for entities subject to international regulatory
regimes such as Dodd Frank, ASIC (Australia) and MAS (Singapore). For more information, go to www.nexregulatoryreporting.com

 

 
Shearman & Sterling

Shearman & Sterling LLP is a global law firm with approximately 850 lawyers in many of the major commercial centres around the world. 
Our award-winning global Financial Institutions Advisory & Financial Regulatory group works on complex cross-border issues and transactions and has advised
on a significant number of high profile, first-in-kind, complex regulatory and compliance matters.

Our practice is truly multi-jurisdictional in its scope, with our core group practicing in London, New York and Washington,
DC, and additional regulatory expertise in Toronto, Frankfurt, Paris, Milan, Brussels, Singapore and Beijing, among other offices.
This allows us to match the global presence of many of our clients and provide seamless
coverage in core jurisdictions. In the current environment, when so many of the rules are generated out of the
Financial Stability Board and the Basel Committee, our cross-border regulatory practice allows us to stay ahead of regulatory
trends and anticipate issues that may be relevant to you.

We provide a full global service to banks, investment firms, brokers, insurance and reinsurance companies, exchanges, SEFs/MTFs, clearing
and settlement providers, fund firms, payment service providers and corporations on the laws and regulations of the world’s key financial and commercial centres.
Capitalising on our regulatory knowledge and insight, we provide innovative solutions on a cross-border and local basis and assist clients in cultivating
their relationships with regulators.

 

 

 

UnaVista - LSEG

UnaVista is London Stock Exchange Group’s global platform for reference data, reconciliation and regulatory reporting. UnaVista provides firms with a range of solutions designed to reduce operational and regulatory risk through one interface.

 

UnaVista assists thousands of firms report in excess of 5 billion reports a year for multiple global regulations. The platform is an approved reporting mechanism for MiFID (and soon MiFID II), a regulated trade repository for EMIR, and a routing engine for multiple other G20 derivative trade reporting regimes and buy-side regulations.  UnaVista helps firms bring together vast amounts of disparate data sources and provides an easy to use interface and 24/5 support.

 

UnaVista will also be assisting firms with upcoming regulations such as SFTR, Consolidated Audit Trail (CAT) and providing surveillance alerts.

 

Silver Sponsors

 
Addleshaw Goddard

Addleshaw Goddard is a premium UK business law firm with international reach and an exceptional breadth of services.
Our reputation for outstanding quality and service is built upon long term relationship investment and a deep understanding of client markets combined with high calibre expertise, straight talking advice and a collaborative team culture.  
We have offices: in Asia (Singapore and Hong Kong) and the GCC (Dubai, Oman, Qatar), a network of likeminded law firms around the globe,
and an exclusive alliance with Hashidate Law Office in Tokyo.  More than 40 FTSE 100 companies have instructed us in the last 12 months;
and we are principal advisors for 20 FTSE 100 companies. We are immersed in the Financial Services sector, advising banks, building societies,
insurers, payments institutions and other market participants on a wide range of legal and regulatory issues including PRA and FCA regulation,
and EU regulation including MiFID2.

 

 

 

 

Itiviti AB 

Itiviti is a world-leading technology provider for the capital markets industry. Trading firms, banks, brokers and institutional clients rely on Itiviti technology, solutions and expertise for streamlining their daily operations, while gaining a sustainable competitive edge in global markets.

With 13 offices and serving more than 400 clients worldwide, Itiviti has a track record of delivering innovative financial infrastructure solutions covering all asset classes, across geographies and regulatory landscapes. We offer highly adaptable platforms and solutions, enabling clients to stay ahead of competitive and regulatory challenges.

Itiviti is owned by Nordic Capital Fund VII.

www.itiviti.com

 

Supporting Partner 

 

 

 

As the premium provider of global futures and options reference data, Euromoney TRADEDATA has, for many years, provided regulatory data products and transaction reporting solutions to many clients covering MiFID I, EMIR, Dodd-Frank and 871(m) regulations.  For MiFID II go live in Jan 2018, we have recently upgraded our global Classification of Financial Instruments (CFI) database to the latest ISO 10962: 2015 standard.  Our trusted CFI data, used by the world’s top 10 banks and many market participants, covers all tradable futures and options worldwide, as deployed in our community data model since 2014.  Our other essential MiFID II regulatory data attributes include traded series ISINs and new Base Product, Sub Product and Further Sub Product classifications. We will also maintain Aii to ISIN translation symbology for existing EEA markets under MiFID I, to facilitate the transition of Aii markets to ISIN and for retrospective analysis of trading activity.

 

Media Partner

 

ADVANCED

Founded in 2002, ADVANCED helps and educates everyone on financial technologies that are changing the world of trading. Analyzing your winners and more importantly re-engineering your losers. Focused on (AI)Artificial Intelligence, Machine Learning and the applications in Big Data Analysis to the way you trade.

http://www.advancedfutures.com

 

Automated Trader

Automated Trader is the first global magazine dedicated to automated and algorithmic trading. The magazine is a regular print and digital publication that focuses on all aspects of automation in the trading process. Featuring insights from both academics and practitioners alike, Automated Trader covers strategies and analytics,
the impact of regulatory requirements, and all the latest technological innovations in the field.

 

 
Global Banking & Finance Review

Global Banking & Finance Review is a leading Online and Print Magazine, which has evolved from the growing need to have a more balanced view, for informative and independent news within the financial community. Our experienced contributors provide this quality and in-depth insight in a clear and concise way, providing leading players and key figures with up to date information within the finance sector.. Read in over 200 different countries and ranked below 15,000 globally by Alexa across billions of websites. To find out more, visit us at http://www.globalbankingandfinance.com

 

The Trading Mesh

The Trading Mesh, now in its seventh year, is a unique online resource dedicated to the complex, interconnected systems of global financial trading. By combining an ongoing series of interview with recognised thought leaders, together with the latest in social publishing technology and a more traditional directory model, The Trading Mesh provides readers and subscribers with a unique insight into the industry, and offers vendors and service providers an unrivalled route to the global electronic trading community.

 

Grange City Hotel


Grange City Hotel

8-14 Coopers Row, London

United Kingdom