Collateral - 4sight Financial Software

2 nd Annual
Collateral
Management
June 4 th - 5 th , 2013 | New York City | NY
“Out of the back office and into the spotlight”
EVENT INTRODUCTION
Collateral management has never mattered as much as it does today. And in the near future, the stakes look set to rise even higher. These are
times of massive change in terms of both the regulatory environment and market dynamics. In consequence, financial institutions have to adapt
their collateral management strategies. Collateral management is no longer simply a back office operational function, it is an integral element of
liquidity risk management. There are numerous inefficiencies reflecting operational difficulties and market constraints which undermine the ability
to optimize the value and use of collateral. Collateral management change from a reactive, back office administrative function presents institutions
with profound operational and strategic challenges. For those firms capable of dealing with the challenges effectively, there will be valuable benefits.
American Leaders is now organizing the 2nd Annual Collateral Management forum, tackling the most current topics. In the course of two days, key
players from the buy side, sell side and vendor companies will meet to network, present, benchmark, and discuss the latest developments in the
collateral management world.
EVENT FOCUS
YOUR PRESTIGIOUS SPEAKER PANEL
Effective collateral management framework
Regulations hand in hand with innovation
Introduction of central counterparties
Liquidity management – the new post crisis
priority
Buy-side opportunities in collateral management
Increasing the use of new technologies
THIS YEAR’S SPECIAL FEATURES
Voting system for interactive presentations
Focused roundtable discussion panels
Networking Gala dinner
Daniel McNavich | SunGard
Principal Consultant, Collateral
Management
Karlien De Clercq | Deutsche
Bank, Global Head of Collateral
Management
Helen Nicol | Lombard Risk
Director Product Development |
COLLINE
Aamer Quadri | Bank of
America Merrill Lynch, Global
Head of Collateral Middle Office
and Operations
Eric Aldous | RBC Capital
Markets, Managing Director, Head
of Clearing Services and Futures
James Wallin |
AllianceBernstein, Senior Vice
President
Yves Denizé | TIAA-CREF|
Financial Services, Managing
Director & General Counsel, BrokerDealer & Investments
WHO WILL YOU MEET
Investment and Retail Banks, Asset Management Houses,
Hedge Funds, Pension Funds: Global Heads, Heads, Directors
and Managers of Collateral Management, Collateral Trading,
Repo Trading, OTC Derivatives, Securities Lending, Credit
Risk, Liquidity Management, Portfolio Management, Margin
Valuation and Operations, Compliance and Legal Division
Gold Sponsor:
Ewen Crawford | Nomura,
Global Head of Collateral
Management
Silver Plus Sponsors:
John D. McCally | TIAA-CREF
| Financial Services, Associate
General Counsel
Ted Leveroni | Omgeo,
Executive Director of Derivatives
Strategy and External Relations
Atanas Goranov | The Guardian
Life Insurance Company of
America, Managing Director,
Derivatives Officer
Robert Silver | UBS, Executive
Director, Global Head Prime Services
Risk, Margin and Funding IT
Mary Harris | TriOptima,
Business Manager triResolve
Franco Battaglia | Capital One
Collateral Manager
Michael Airey | RBS Global
Banking & Markets, Managing
Director
Coffee Break Sponsor:
PARTICIPATING COMPANIES IN 2012
Adaptive Systems Inc. • Balyasny Asset Management LP • Bank of America Merrill Lynch • Barclays Capital • BMO Capital Markets • BNP
Paribas • BNY Mellon • Broadridge Inc. • Calypso • Capital One • CIBC • Citi Group • Citco Fund Services • CPP Investment Board • Credit
Suisse • Deutsche Bank • Federal Reserve Bank of Boston • Federal Reserve Bank of Chicago • Federal Reserve Bank of New York • Fifth
Third Bank • Financial InterGroup • Global Custodian • HazelTree Fund Services • HedgeServ Corporation • Hyde Park Global Investments
• ING Investment Management • Institutional Asset Advisors • JP Morgan • Lombard Risk • Misys • Morgan Stanley • Nomura Securities
International Inc • Nuveen Global Operations • Olympian Capital Management • Omgeo • RBC Dexia Investor Services • RBS • Rule Financial
• Societe Generale • State Street Global Markets • SunGard • Sun Life Financial • TD Bank Group • The Bank of Nova Scotia • The World Bank
• TIAA - CREF • TriOptima • UBS
PARTICIPANTS
JOB POSITIONS BREAKDOWN
VPs
21%
Directors
24%
Department Heads 17%
Senior Managers
How did the participants
benefit?
‘Thank you so much and congratulations on putting together
such a great, well received event!
I look forward to the next
one and seeing you soon.’
Institutional Asset Advisors, Managing Director
38%
With six years of experience in this sector and a solid track record
of successful delivery, Fleming Group brings the industry’s long
established Collateral Management conferences also to EUROPE
and ASIA: visit
www.flemingeurour website:
ope.com
VISIT OUR
www.fleminggulweBSITe:
f.com
6th Annual
collateral Ma
nagement
9 – 10 octobe
r 2012, Hotel
okura, Amster
dam
With the support
of
and a speaker
from:
tHIs YEARs
sPEcIAL FEAtuR
Es
On the spot
presentationsvoting system for interact
ive
Pre-conference
practitioner
survey
survey results
announcement
& discussion
IT & regulato
ry workshops
Gala dinner
for all conferen
ce attendees
EvEnt IntRod
uctIon
Collateral managem
ent has gained
markets over
a new importan
the past
ce in financial
losses. In response, few years, brought on
by actual and
new regulation
feared
pushing towards
s have come
lower
new market environm leverage and the consolida into place,
tion of risk. A
insurance companie ent directly affects banks,
asset managers
s and the collateral
remains fundame
players. Technolo ,
ntal, as increased
greater need
gy
complexities
for automation.
are resulting in
a
Fleming Europe
organises already
Management
6th Annual
Forum, focusing
Collateral
bringing together
on the most
essential
experienced profession
topics, and
and sell side.
als from both
This two-day
– buy side
event
for networkin
g, open discussion provides an excellent platform
case studies.
s, challenging
presentations
and
EvEnt Focus
new challenge
s in collateral
management
new global regulator
y standards
new central
clearing requirem
ents
new collateral
management
solutions
new collateral
rules
WHo WILL AttEnd
Investment
and Retail
Banks, Asset
Hedge Funds,
Management
Pension Funds:
Houses,
and Manager
Global Heads,
s of Collateral
Heads, Directors
Management,
Repo Trading,
Collateral Trading,
OTC
Liquidity Managem Derivatives, Securities Lending,
ent, Portfolio
Credit Risk,
and Operation
Management,
s, Compliance
and Legal Division Margin Valuation
LatAm Intern
3rD AnnuALational
ning Confere
ApAC
COLLAterMi
nce
AL MAn
20 March 201329 & 30AgeMent
- 21 March Nov
Sheraton Rio
2013ember 2011
th
PAnELIsts
david Béatrix
BnP Paribas
securities services
Business Developm
Financing Services ent – Market &
Robert McWilliam
, InG Bank
Global Head
of CVA Desk and
Collateral
Klaus Höller,
Global Head unicredit Group
of
Management Collateral
Gesa Benda,
Eurex clearing
Head of Clearing
AG
Business
Development
Laurent thuillier
société Générale
securities
services
Director, Head
of Asset Servicing
Helen nicol,
Lombard Risk
Product Director
ted Allen, sunGard
Vice President
Capital Markets
Collateral
Alexander torstenss
on
sEB
Head of Prime
Mark Higgins,
Collateral Services
BnY Mellon
Managing Director,
olivier de schaetze
Business
Development
n, Euroclear
Director, Product
EMEA
Solutions - Global
Markets
ted Leveroni,
omgeo
Executive Director
Giuseppe Ballocchi
of Derivatives
Strategy and
, Pictet
Head of Financial
External Relations
Engineering &
Analytics
Risk
neil Murphy,
IBM
cFA Institute
Director, Collateral
Member of the
Product
Management
Board of Governors
Godfried de
Jean-Robert
vidts, IcMA
Wilkin, clearstre
Chairman of
Executive Director,
European Repo
am
Council
Product Managem Head of GSF
sheila schofield
ent
triResolve Business, trioptima
Rajen shah,
Manager
citi
Global Head
of
che sidanius,
Management Collateral
Financial StabilityBank of England
and
Securities Lending EMEA Head of
Directorate
Joe cassidy
dennis Mullany
Lloyds Banking
cME clearing
Group
Head of WBM
Director BankingEurope
E-Commerce
Clearing
& OTC
&
Collateral
Management
WoRKsHoP
LEAdERs
christophe
de
Solution ManagerLa Bastide, Misys
for Enterprise
Collateral
Eoin Ó ceallachá
Product Manager in, Murex
– Collateral Managem
ent & Margining
david Field,
Solutions
Rule Financial
, Executive Director
Alec nelson,
Rule Financial
, Principal Consultan
t
ADvIsOry pAne
Our DIstIn
guIsheD speAk
L
ers & ADvIs
Ors
LIAM CAhIL
L
hsBC, hong
kong
Business Manag
er, Collateral
& Client Valuatio
APAC, HSBC
ns,
tAketOshI
MOrI
Bank of tokyoMitsubishi uFJ,
Japan
Head of Security
Market Infrastr
ucture-Global
networkManag
ement
sAM AhMeD
Citi, singap
ore
Head of Collate
ral Services Sales
th
, Sing
rt, Rio de Janei apore
ro, Brazil
Hotel & Reso
prestIgIOus
YouR PREstIG
Ious sPEAKE
R PAnEL
Juan Jose Fortun,
BBvA
Vice President
–
Management Global Asset
APAC
WhO WILL
AttenD
heads, preside
nts, Manage
rs and Directo
rs of :Treasury, Collater
al Manage
ment, Risk
Portfolio Manage
Management,
ment, Credit
Risk, Tri-Party
Audit, Collater
Repo, Internal
al Trading
- Securities
Accounting,
Finance, Hedge
Regulatory
Reporting,
Internal Audit,
Margin Valuatio
Securities lending
n,
, Repo Trading
Within:
Retail Banks,
Investment banks,
Private Banks,
Asset Manage
Mutual Funds,
ment Firms,
Hedge Funds,
Insurance Compan
Pension Funds,
ies
event Intr
ODuCtIO
n
Collateral Manage
ment in APAC
is now shifting
gears and accelera
ting with a
renewed pace.
demands equippi
This
ng yourself
towards optimisa
of your collatera
tion
ls and achievin
g the ultimate
regulatory adheren
goal of
ce, reduced
counter-party
increased stability
risk and
.
The 3rd Annual
APAC Collater
al Management
majorly on discussin
focuses
g difficult issues
of managing
border collatera
crossls, the regulato
ry reforms
collateral manage
shaping
ment landscap
e and securing
exposures
arising from
trading counter
Besides this
-parties.
the conference
addresses crucial
such as settings
issues
of margins, integrat
ing securities
CM and estimati
with
ng the adminis
trative costs
especially
in mark-to-market
pricing of collatera
ls.
event FOCu
s
• Increasing
the velocity
• Overcoming
valuation
of collateral
challenges of
OTC derivati
ves
• Setting of
margins on
all bilateral
and cleared
derivatives transact
ions
• Collateral‘s
role
• Using of repo
in mitigating
credit risk
to manage liquidity
• Collateral
reconcil
management
iation and dispute
Media Partners:
resolutions
‘I really enjoyed the conference last week and found the
speakers and participants to be very knowledgeable on the
subject matter. If you could please keep me posted on any
conferences or other events in the future I would greatly
appreciate it.’
Balyasny Asset Management L.P., Treasurer
Excellent conference – the networking was like no other. The
sessions spot-on with current regulatory and industry events.
The participants and excellent cross-section of the industry.
A big thank you to AL for the excellent behind-the-scene
coordination to make this conference possible.
World Bank, Senior Financial Officer
I learned more in 2 days at conference than 5 years at job.
Thank you!
Assistant Vice President, Deutsche Bank
CONFERENCE DAY 1
JUNE 4th, 2013
8:30 a.m.Registration
9:00 a.m.Opening
& welcome coffee
12:20 p.m.Luncheon
remarks from the chair
9:10 a.m.Effective
collateral management operational
framework
1:30 p.m.
• Impact of new financial regulations, including Basel
III & Dodd-Frank
• Understanding the policies, procedures and the risk
models • Operations and technology perspective
• Questions & answers
Eric Aldous | RBC Capital Markets | Managing
Director, Head of Clearing Services and Futures
• Upgrading the importance of collateral management
• Focus on new reporting requirements
• Optimizing the value and use of collateral
• Questions & answers
Ewen Crawford | Nomura
Global Head of Collateral Management
9:50 a.m.A
new regulatory environment
• Getting from regulatory principles to implementation
• Regulations hand in hand with innovation
• Ensuring the stability of counterparties in the OTC
derivatives trading process
• Questions & answers
James Wallin | AllianceBernstein
Senior Vice President
10:30 a.m.
INTERACTIVE SESSION: Central counterparties
and clearing members in the spotlight
2:10 p.m.
Collateral and custodians
• The new rules placing new demands on custodians
• Addresing the technical challenge
• Developing state of the art collateral services
• Questions & answers
Karlien De Clercq | Deutsche Bank
Global Head of Collateral Management
Morning coffee and networking
2:50 p.m.Afternoon coffee and networking
11:00 a.m.
Focused Panel Discussion - Best practice
for the OTC derivative collateral process
• Documentation aspects
• Margin call procedure, portfolio reconciliation, and
interest processing
• Rehypothecation and substitution of collateral
Moderator: Yves Denizé | TIAA-CREF| Financial
Services | Managing Director & General Counsel,
Broker-Dealer & Investments
Panelist: John D. McCally | TIAA-CREF | Financial
Services | Associate General Counsel
Mary Harris | TriOptima | Business Manager
triResolve
11:40 a.m.
3:20 p.m.The
buy-side perspective on collateral
management
• Addressing regulatory requirements
• Managing collateral and risk across all asset classes
• Drive towards increased transparency
• Questions & answers
Atanas Goranov | The Guardian Life
Insurance Company of America
Managing Director, Derivatives Officer
4:00 p.m.
• Key challenges in current collateral management
processes
• Achieving practical and successful change
• Can yesterday’s approaches work for tomorrow?
• Accelerating change in collateral management
Ewen Crawford | Nomura
Global Head of Collateral Management
Focused Panel Discussion – What is
new in collateral management technology? • Assessing collateral management strategy in light of
recent regulations
• Increasing product sophistication and other challenges
• Catering to the needs of the buy side, sell side, CCPs
and custodians
• Achieving cost savings through collateral optimization
Ted Leveroni | Omgeo | Executive Director
of Derivatives Strategy and External Relations
Daniel McNavich | SunGard
Principal Consultant, Collateral Management
Helen Nicol | Lombard Risk
Director Product Development | COLLINE
Focused Panel Discussion – Maximizing
operational efficiency and control Aamer Quadri | Bank of America Merrill Lynch
Global Head of Collateral Middle Office and Operations
4:40 p.m.
Closing remarks from the conference chairman
Speakers and delegates are cordially
invited to attend a Gala Dinner
Contact: sonia.bausova@americanleaders.com, Conference Producer
Tel: + 1 312 582 4276 | Fax: + 1 212 726 3037 | www.americanleaders.com
CONFERENCE DAY 2
JUNE 5th, 2013
9:00 a.m.Opening
remarks from the chair
9:10 a.m.
Demands and opportunities of the new
collateral world
• Changing financial landscape
• Achieving efficient cross-product netting and
consistent pricing
• Integration between all business functions
• Shift to a proactive, intraday approach
• Questions & answers
Aamer Quadri | Bank of America Merrill Lynch
Global Head of Collateral Middle Office and Operations
9:50 a.m.
Collateral Management as an Optimization
Problem
• Whether you use a vendor package or develop
your own – you are solving the same underlying
optimization problem
• From the perspective of an optimization problem –
there are practices that hurt and practices that help
the situation
• This presentation looks at Collateral Management
from an Operations Research / Optimization
perspective
• Questions & answers
Robert Silver | UBS | Executive Director, Global
Head Prime Services Risk, Margin and Funding IT
10:30 a.m.
Morning coffee and networking
11:00 a.m.
Mitigating Risk through proactive Portfolio
Reconciliation
• Achieving efficiency across the process
• An analytical and bilateral approach to resolving
disputes
• Why does the CFTC and EMIR regulation
include Portfolio Reconciliation and what are the
implications?
• Questions & answers
Mary Harris | TriOptima
Business Manager triResolve
11:40 a.m.
Focused Panel Discussion – Changing
market dynamics • Utilizing CCPs for mutualizing counterparty risk
• The impacts of regulatory and market trends
• Internal and external considerations
• Improving the effectiveness of collateral management
Franco Battaglia | Capital One
Collateral Manager
Atanas Goranov | The Guardian Life Insurance
Company of America
Managing Director, Derivatives Officer
12:20 p.m.Luncheon
1:30 p.m.
How does the collateral management
approach of asset managers change • Impact of regulatory changes
• Is outsourcing of the collateral management
activities still an option?
• Credit risk management of derivative positions
including portfolio reconciliation
• The challenge of the nostro account management • Questions & answers
2:10 p.m.
Securities lending - a different world within
collateral management
• Why lend securities?
• Enhancing performance and risk management
• Avoiding settlement fails
• Questions & answers 3:00 p.m.Afternoon coffee and networking
3:30 p.m.
Focused Panel Discussion – Achieving
and sustaining collateral management
improvement
• What is on top of your ‘to do’ list?
• Today’s status vs tomorrow’s ambitions
• Centralized collateral management – Are we there yet?
Michael Airey | RBS Global Banking &
Markets | Managing Director
4:10 p.m.
Collateral management success – the
ultimate goal
• Compliance – a spur to the best practices
• Reducing inefficiencies in the process
• Out of the back office and into the spotlight
• Questions & answers
4:50 p.m.
Closing remarks from the chair
5:00 p.m.
Farewell coffee and networking
Contact: sonia.bausova@americanleaders.com, Conference Producer
Tel: + 1 312 582 4276 | Fax: + 1 212 726 3037 | www.americanleaders.com