fia sifma amg asset management derivatives forum 2020 … · 2/12/2020 fia-sifma amg asset...

2/12/2020 FIA-SIFMA AMG Asset Management Derivatives Forum

fia-sifmaamgforum.org 2/10

Attracting more than 400 executives, the annual Asset Management Derivatives

Forum brings together market participants from all sides of a trade to examine

the latest developments in global derivatives trading and clearing, operations

and regulation. The Forum presents a unique opportunity to connect investors

with market expertise in over-the-counter and exchange-traded derivatives,

attracting attendees from the joint membership of FIA and SIFMA AMG.

2020 ProgramOur program, subject to change, offers a comprehensive

review of the most critical derivatives issues.

*indicates concurrent sessions

WEDNESDAY - FEBRUARY 5

11:30am - 1:00pm Women in Derivatives:Washington OutlookLuncheon

Men and women are welcome toattend. Separate RSVP isrequired.

Please RSVP here by January29th.

Please note that there is limitedseating, and we will close theevent to new registrants once wereach capacity.

01:00pm - 03:00pm SIFMA AMG SteeringCommittee Meeting

By invitation only

02:00pm - 07:00pm Registration Desk Hours

02:00pm - 04:00pm Welcome HospitalityRefreshments

Sponsored by Saphyre

02:00pm - 05:30pm Headshot Lounge Sponsored by Eurex Frankfurt AG

http://womeninderivatives.org/wind-luncheon_fia_sifma/

https://www.saphyre.com/

https://www.eurexchange.com/exchange-en/



03:45pm - 04:00pm Opening Remarks Speakers: Tim Cameron, Managing Director& Head of AMG, SIFMAWalt Lukken, President & ChiefExecutive Officer, FIA

04:00pm - 04:30pm One-on-One Conversation Moderator:Walt Lukken, President & ChiefExecutive Officer, FIA

Speaker:David P. Loevinger, ManagingDirector, Emerging MarketsGroup, TCW

04:30pm - 05:30pm General Session: 20/20Vision This panel will bring togethersenior leaders from both buy-side and sell-side to look atthe current state of thederivatives markets anddiscuss: what has changed inthe past decade since thefinancial crisis, how regulationhas impacted the markets,and how the current economicand sociopoliticalenvironment is shaping thederivatives industry. The panel will give its views onthe strategic issues of theindustry today and predicthow the derivatives marketsmay look in the next decadeand beyond.

Moderator:Jason Silverstein, ManagingDirector, Asset ManagementGroup & Associate GeneralCounsel, SIFMA Speakers: Lisa Cavallari, Director ofDerivatives Trading, RussellInvestmentsRick Chan, Managing Director,Global Macro Hedge FundStrategies and US Rates, PIMCOJerome Kemp, Global Head,Futures, Clearing, CollateralManagement, CitigroupNick Rustad, Managing Director,JPMorgan Chase & Co.

05:30pm - 07:00pm Welcome Reception Sponsored by Bank ofAmerica Securities

THURSDAY - FEBRUARY 6

06:30am - 07:30am Let's Get Moving! Fitness BootCamp

Join your fellow attendees outsideon the Dana Lawn and enjoy anearly morning workout.

Register now.

Sponsored by UBS

https://www.bofaml.com/content/boaml/en_us/home.html

https://secure.fia.org/sifma/ubs-boot-camp-rsvp.asp

https://www.ubs.com/us/en.html



08:00am - 02:45pm Registration Desk Hours

08:00am - 02:45pm Headshot Lounge Sponsored by Eurex Frankfurt AG

08:00am - 08:30am Networking Breakfast Sponsored by PricingDirect andMSCI

08:30am - 09:00am One-on-One Conversation Speakers: Dan Gallagher, Deputy Chair ofthe Securities Department,WilmerHaleDalia Blass, Director, Division ofInvestment Management, SEC

09:00am - 10:00am General Session: ClearingRecently certain sell-side andbuy-side industry participantsissued recommendations forCCP resilience, recovery, andresolution.

This panel will discuss thedetails concerning theimplementationrecommendations, as well asexplore the views of othermarket participants, includingCCPs.

Moderator: Jackie Mesa, Chief OperatingOfficer, FIA

Speakers:Erik Mueller, Chief ExecutiveOfficer, Eurex ClearingMariam Rafi, Managing Director,North American Head of OTCClearing and FXPB, CitiSuzanne Sprague, ManagingDirector, Credit & Liquidity Risk,Risk Policy, & Banking, CMEClearingWilliam Thum, Principal,Vanguard

10:00am - 10:15am Networking Break Sponsored by Ropes and Gray

10:15am - 11:15am General Session: Margin- TryTelling Your Client It's NotOptimizedSeptember 2020 was amilestone date for the Groupof Twenty (G20), as initialmargin would have beenrequired for all coveredentities above a certain set ofthresholds. But, as the finalphases of the implementationschedule have approached,the unique structures of assetmanagers and their clientsbrought to light key issueswith the margin requirementsthat would have a significantstrain on compliance.

Moderator: Darcy Bradbury, ManagingDirector, D.E. Shaw Group Speakers:Fabien Carruzzo, Head ofDerivatives and StructuredProducts Group, Kramer LevinDiana Shapiro, North AmericaHead of Collateral Services, CitiChris Walsh, CEO, Acadiasoft Inc.Wendy Yun, Managing Director &Associate General Counsel,Goldman Sachs AssetManagement


https://www.pricing-direct.com/pricingdirect/#/

https://www.msci.com/

https://www.ropesgray.com/en



This panel will discuss howthose structural differenceshave caused asset managersto rethink the scope of themargin rules, how theyburden potential compliance,and ultimately, how the rulesmay lead to shifting businessmodels.

11:15am - 12:15pm General Session: LIBORTransitionA practical look at what istaking place at both buy-sideand sell-side firms to ensure asmooth transition from LIBORto the new risk-free rates. Thispanel will cover the duediligence done on derivativesand exchange listed products,touch on issues fromdocumentation to tradebooking to pricing, and sharethoughts on potential risks. The 2019 definition changes,preparation for the clearingbig bang, andcommunications with clientswill also be discussed.

Moderator:Tom Wipf, Vice Chairman ofInstitutional Securities, MorganStanley, and Chair, AlternativeReference Rates Committee(ARRC) Speakers:Guillaume Helie, Chief OperatingOfficer, LIBOR Transition,Securities Division, GoldmanSachsJustin Keane, Financial Markets,Principal, PwCAmeez Nanjee, Vice President,Asset & Liability Management,Freddie Mac Deborah North, Partner, Allen &OveryBaskar Ramachandran, AmericasHead of Business Risk, LCHJames Wallin, Senior VicePresident, AllianceBernstein

12:15pm - 01:30pm Lunch with Keynote Speaker:Dawn Stump, Commissioner,CFTC

Sponsored by Kramer LevinNaftalis & Frankel LLP

*01:45pm - 02:45pm Concurrent Session: PlanetRegulations- US, EU, UK,APAC Regulatory IssuesIndustry participants aregrappling with how tomanage the uncertaintycaused by political decisionsand potential regulatoryactions that could fragmentmarkets, including access tocross border CCPs, trading

Moderator: Allison Lurton, Chief Legal Officer& General Counsel, FIA

Speakers:Ruth Arnould, Managing Director& Associate General Counsel,Bank of AmericaMatt Kulkin, Partner, Co-Chair ofFinancial Services Group, Steptoe& Johnson LLP

https://www.kramerlevin.com/en/



venues, and marketparticipants. This panel willexamine the issues raisingconcern globally and what thepath forward looks like.

Jaime Madell, Managing Director,Head of Derivatives Legal,Guggenheim PartnersBrian Quintenz, Commissioner,CFTC

*01:45pm - 02:45pm Concurrent Session:Operational Roundtable:Using Technology for RealThis roundtable will discusshow technology is impactingbusiness processes front toback. The session will coverthe current state of theindustry and highlight a fewreal world case studies ofinnovating current processeswith technologies to improveefficiency and automation.

With the industry speakingabout transformation, butseemingly implementingincremental change, how canwe move from evolution torevolution to truly transformbusiness processes to no-touch, purely exception-based processes?

Moderator:Lou Rosato, Director, BlackRock Speakers:Scott Andersen, Director, Head ofAmericas Listed DerivativesProduct Development, SocieteGeneraleErik Barry, Director, Head ofClient Platform, Prime DerivativeServices, Credit SuisseArmando Hernandez,Executive Director, Head of NorthAmerica, CloudMarginLaurence Jones, Director of Post-Trade Strategy, TraianaDavid Kirby, Executive Director-Relationship Management-Americas, Head of GlobalAccount Management, DTCCGabino Roche, CEO & Founder,SaphyreRoy Saadon, CEO & Co-Founder,Access FintechDarren Thomas, ManagingDirector of Managed Services,IHS Markit

02:30pm - 05:30pm Attendees on Their Own

05:00pm Polar Plunge FIA and SIFMA AssetManagement Group encourageattendees of the 2020 AssetManagement Derivatives Forumto take a "polar plunge" into thePacific to raise funds forCannedWater4Kids and supportefforts to ensure children’s accessto safe, clean water worldwide Take the plunge by donating$100 when completing yourconference registration. FIA andSIFMA AMG will match the totalfunds raised through the PolarPlunge.

https://www.cannedwater4kids.com/



05:30pm - 07:00pm Networking Reception

FRIDAY - FEBRUARY 7

08:30am - 12:15pm Headshot Lounge Sponsored by Eurex Frankfurt AG

08:30am - 12:15pm Registration Desk Hours

08:30am - 09:00am Networking Breakfast Co-sponsored by DeutscheBank and Stradley Ronon Stevens& Young LLP

09:00am - 10:00am General Session: ExecutionThe electronification of thefixed income markets hasaccelerated in recent years,disrupting the relationshipsamong clients, brokers,liquidity providers, andtrading venues. Market observers andparticipants are adjusting tothe impact on liquidity andmarket structure andassessing whether increasedvisibility in trading activity willdrive the development of newproducts and services. Thispanel will consider thechanging landscape resultingfrom the shift to electronictrading.

Moderator: Jason Radzik, ManagingDirector, Head of DerivativesExecution and Clearing -Americas, BNP Paribas Speakers:Stephen Berger, ManagingDirector, Government andRegulatory Policy, Citadel LLCDeirdre O'Sullivan, ManagingDirector, Global Head of ListedDerivatives Execution, J.P.MorganSam Priyadarshi, Principal, GlobalHead of Portfolio Risk andDerivatives, VanguardAgha Mirza, Managing Director,Global Head of Interest RatesProducts, CME Group

10:00am - 11:00am Regulatory RoundtableThis roundtable will feature anopportunity for a structureddiscussion between marketparticipants and theregulators whose policiesshape the current state of thederivatives industry.Moderated by SIFMA AMGand FIA, market participantrepresentatives framequestions of interest to startdiscussion, on these keyissues, among the regulatorsand those impacted by theirviews.

Co-moderators:Jason Silverstein, ManagingDirector, Asset ManagementGroup & Associate GeneralCounsel, SIFMAAllison Lurton, Chief Legal Officer& General Counsel, FIA

Speakers:Rostin Behnam, Commissioner,CFTCBrian Quintenz, Commissioner,CFTC

Facilitators: Ruth Arnould, Managing Director& Associate General Counsel


https://www.db.com/company/index.htm

https://www.stradley.com/



& Associate General Counsel,Bank of AmericaMatt Klein, Senior Counsel,VanguardJaime Madell, Managing Director& Associate General Counsel,Guggenheim PartnersMariam Rafi, ManagingDirector, North American Head ofOTC Clearing and FXPB, CitiGregory Todd, ManagingDirector and Associate GeneralCounsel, Bank of America MerrillLynchNadia Zakir, Executive VicePresident & Deputy GeneralCounsel, PIMCO

11:00am - 11:15am Networking Break

11:15am - 12:15pm Roundtable: The Role ofDerivatives in Supporting ESGConcerns ESG, and sustainability morespecifically, has become amajor topic for the financialindustry, as it responds toboth investor pressure toprovide instruments reflectingenvironmental concerns andregulatory drives to improvereporting of the financial riskof climate change.

This roundtable will provideparticipants with anopportunity to share theirviews on the challenges andopportunities for buy-side,sell-side, and marketinfrastructure, as they supportthe emergence of newderivatives instruments andrisk management tools tosupport changing approachesto environmental, social, andgovernance issues.

Moderator: George Harrington, ManagingDirector, MSCI Inc.

Speakers: Eric Aldous, Managing Director -Global Head of Clearing Servicesand Futures, RBC Capital MarketsOlivia Albrecht, Executive VicePresident, Head of ESG BusinessStrategy, PIMCORostin Behnam, Commissioner,CFTCHalima Butt, Head of PlatformSales – North America, EuronextRachna Mathur, Head Equity andIndex Derivatives Sales Americas,EurexJames Wallin, Senior VicePresident, AllianceBernstein

12:15pm Conference Concludes

fia sifma amg asset management derivatives forum 2020 … · 2/12/2020 fia-sifma amg asset...

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