The 2nd Annual

OTC Derivatives Summit Asia 2017


The Westin Singapore, 16 March 2017


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About the Event


Since Regulation Asia’s last OTC Derivatives Summit, new uncertainties have emerged. Extant challenges—such as banks’ struggle for profitability amid shrinking balance sheets and increasingly burdensome capital adequacy requirements—appear no closer to being resolved.


A seeming lack of regulatory coordination, exemplified by Hong Kong, Singapore and Australia not carrying through with the 1 September deadline for initial margin, has only added to the problem.


This raft of uncertainties means that one year on, it has become harder, not less difficult, to predict how Asia-Pacific’s OTC derivatives markets will evolve. Yet it also means the imperative to attempt to understand where we stand, and where we're going, has become even stronger.


With this ultimate objective in mind, the 2017 OTC Derivatives Summit will explore issues including:


  • ▸ Changing Landscape of Asia’s Derivatives Markets – Rise of Asian Banks and Brokers

  • ▸ Regulatory Fragmentation

  • ▸ How do Banks Incorporate Regulatory Cost in Pricing of Client Trades?

  • ▸ Regulatory Implications of Incoming Margin Rules

  • ▸ Margin Reform – and Impact on the Buy-side

  • ▸ Collateral & Liquidity Management

  • ▸ Net Stable Funding Ratio – Impact on Repo & Collateral Markets

  • ▸ FRTB – is Asia Being Punished by Global Regulation?

  • ▸ The Path Ahead for 2017 and Beyond – Basel IV? Unwinding of Dodd-Frank?

  • ▸ NEW – RegX Talks – Cloud Margining, Cloud Collateral, DLT

Co-Sponsors

active viam murex trioptima Rate Validation Services simmons & simmons smartstream Thomson Reuters
1

Full Day

Combination of keynotes, panels, interactive sessions and networking

25+

Speakers

Hear from Regulators, Senior Market Participants, Technologists and Peers.

120+

Attendees

Network and discuss with your market peers from across Asia-Pacific.

Agenda


March 16, 2017
08:00 - 08:45
Registration and Refreshments
08:55 - 09:00
Chairman's Welcome
Nick WakefieldManaging Director & Co-Founder, Regulation Asia
09:00 - 09:30
Opening Keynote Address
Geoffrey HeenanResident Representative, International Monetary Fund
Asia's Derivatives Markets


09:30 - 10:20
Panel: How Asia’s Derivatives Markets are facing up to a Changing Landscape
  • - How risk capital is affecting global banks’ dominance
  • - Rise of the Asian Bank and Broker in the derivatives market?
  • - Is Derivatives a profitable business in Asia?
  • - Impact of regulatory fragmentation in Asia


Luke Brereton Co-Head ECLiPSe, Financial Markets, Wholesale Bank, Standard Chartered Bank
Bertrand d’AnselmeHead of Derivatives Clearing Services, APAC, BNP Paribas
Pieter BierkensExecutive Director – Regulatory Strategy, Institutional Banking & Markets, Commonwealth Bank of Australia
Naveen KhannaCOO, Rates & Currencies Trading, Bank of America Merrill Lynch
Moderator: Rachel AlembakisEvents Editor, Regulation Asia
10:20 - 10:50
Presentation: Understanding Regulatory Costs and their Impact on Pricing Trades
  • - Managing regulatory costs across the trade lifecycle
  • - Creating the right pricing models: absorb or pass to clients?
  • - Building an appropriate framework for capturing regulatory costs across trading desks


Sam AhmedManaging Director, DerivAsia
James SehgalManaging Director, DerivAsia
10:50 - 11:10
Presentation: Regulatory Impacts of MiFid - implications for Asian trading
  • - Member states of the European Union will have to implement the obligations of MiFID2 by January 2018.
    But while it may seem that legislation applying to EU member states only apply to member states, it will
    also have implications for counterparties outside of the EU – including Asia-Pacific counterparties.
  • - What are the regulatory implications of trading with EU-based counterparties?
  • - What pre-and post-trade transparency obligations will you be subject to?
  • - What are the costs and compliance implication?


Simon McKnightPartner, Simmons & Simmons
11:10 - 11:40
Networking Break
Margin Rules & Impact on Buy & Sell-side


11:40 - 12:30
Panel: Margin Reforms: Now What?
  • - How effective is the 6-month window for buy and sell-side?
  • - Has the industry seen significant contract tear-ups?
  • - What impact have the rules had on asset managers, insurers and pensions funds?
  • - Negotiating ISDA amendments or new CSAs?


Jonathan QuieCounsel, Simmons & Simmons
Shaun MurrayManaging Director, Head of Strategic Collateral Management, Financial Markets, Standard Chartered Bank
Greg BallestySenior Risk Management SME, SmartStream
Steven GriffithsDirector, Absolute Derivatives
Moderator: Samuel RidingEditor, Regulation Asia
12:30 - 13:00
Presentation: New Rules, New Challenges - Managing Margin Rules for Non-Cleared OTC Derivatives
  • - The impact of margin requirements for non-cleared OTC derivatives
  • - Are market participants ready to meet the deadlines?
  • - What is required in terms of technological, documentation and operational capabilities?


Megha NarangSenior Account Executive, triResolve (APAC & Middle East), Nex TriOptima
13:00 - 14:00
Networking Lunch
Collateral, Liquidity & Risk Management


14:00 - 14:50
Panel: Collateral and Liquidity Management Within New Regulatory Framework
  • - Have regulatory markets converged around common standards,
    or do differences in local laws and regulations mean arbitrage?
  • - Capacity of banks operational and back office systems regarding impacts on trading activities,
    risk calculations, reconciliation requirements, and the reporting of transactions and
    balances to a variety of jurisdictions
  • - Impact on front office operations i.e. Life-cycle management
  • - Impacts on demand for HQLA


Conor CunninghamFounder and CEO, ACUO
Sam AhmedCo-Founder & Managing Director, Deriv Asia
Dan SleepVice President, Client Services, Northern Trust
Moderator: Rachel AlembakisEvents Editor, Regulation Asia
14:50 - 15:20
Presentation: RegX Talk: Cloud Technology for Regulatory Challenges – Collateral Management, Risk Calculations
  • - How do regulatory jurisdictions differ when it comes to utilisation of cloud-based solutions and how can cloud-based solutions be tailored to meet those jurisdictions?
  • - How can cloud-based software and technology be utilised by small and medium-sized firms as a cost-effective and efficient technology platform?
  • - How can cloud technology accelerate innovation and client servicing for enterprises?


Jérôme LambertDirector of Business Development APAC , ActiveViam
15:20 - 15:40
The Asian CCP: Building a Local CCP in a Competitive Environment
  • - Will Asian CCPs just clear their own currencies, as per HKEX, KRX and SGX, JSCC?
  • - The Asian CCP landscape is in the early stages of evolution, and are still highly fragmented. What is the trajectory for evolution over the medium to long term?
  • - How will the Phase II margining rules regarding variation margining impact on the flow of transactions through CCPs?
  • - Are all CCPs in Asia equally capable of offering all cleared products to all aspects to the Asian market?
  • - What will drive market innovations – consolidations, efficiencies, cross-product mapping?


Naveen KhannaCOO, Rates & Currencies Trading, Bank of America Merrill Lynch
Interviewed by: Samuel RidingEditor, Regulation Asia
15:40 - 16:10
Networking Break
16:10 - 17:00
Panel: Fundamental Review of the Trading Book
  • - Asia’s challenge with FRTB vs US/Europe. Multiple currencies, illiquid markets,
    local banks punished by global rules.
  • - Has FRTB been designed without the consideration of Asia’s banks?
  • - Standard approach v IMA?
  • - What are the top concerns of risk, front office and finance?
  • - How will Total Cost Analysis (TCA) play into FRTB? It is suggested that TCA,
    in assigning costs at desk level (following in Europe’s footsteps),
    will highlight which businesses have a positive return on equity.


Tim ClarsenHead of Risk Management Business Solutions, Murex
Oliwia Kozlowska Market Risk Officer, UBS
Andrea SchnozHead of Asia Finance Regulatory Policy, Barclays
Moderator: Nick WakefieldManaging Director, Regulation Asia
The OTC Landscape in 2017 and Beyond


17:00 - 17:50
Panel Discussion: The Path Ahead: 2017 and Beyond
  • - As Basel III nears completion, reflections and predictions for the future?
  • - Unintended consequences of Financial Regulatory Reform?
  • - What happens if the US government unwind key features of Dodd-Frank?


Yves TomballeHead of Market & Liquidity Risk Asia Ex-Japan, Bank of Tokyo-Mitsubishi UFJ
Valerian CrastoCOO, Treasury & Markets, DBS
Ave KingExecutive Director, Regional Compliance for F&O and OTC Clearing, J.P. Morgan
Antonio de LeceaPrincipal Advisor on economics/financial affairs, European Commission
Moderator: Rachel AlembakisEvents Editor, Regulation Asia
17:50 - 17:55
Closing Remarks
Nick WakefieldManaging Director & Co-Founder, Regulation Asia
17:55
Cocktail Reception

Speakers


  • Portfolio Item

    Andrea Schnoz

    Head of Asia Finance Regulatory Policy,
    Barclays

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    Antonio de Lecea

    Principal Advisor on economics/financial affairs,
    European Commission

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    Ave King

    Executive Director, Regional Compliance for F&O and OTC Clearing,
    J.P. Morgan


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    Bertrand d’Anselme

    Head of Derivatives Clearing Services, APAC,
    BNP Paribas

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    Conor Cunningham

    Founder & CEO,
    ACUO

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    Dan Sleep

    Vice President, Client Services,
    Northern Trust


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    Geoffrey Heenan

    Resident Representative
    International Monetary Fund

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    Greg Ballesty

    Senior Risk Management SME,
    SmartStream

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    James Sehgal

    Managing Director
    Deriv Asia


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    Jérôme Lambert

    Director of Business Development APAC,
    ActiveViam

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    Jonathan Quie

    Counsel,
    Simmons & Simmons

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    Luke Brereton

    Co-Head ECLiPSe, Financial Markets, Wholesale Bank,
    Standard Chartered


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    Megha Narang

    Senior Account Executive, triResolve (APAC & Middle East),
    Nex TriOptima

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    Naveen Khanna

    COO, Rates & Currencies Trading
    Bank of America Merrill Lynch

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    Nick Wakefield

    Managing Director
    Regulation Asia


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    Oliwia Kozlowska

    Market Risk Officer,
    UBS

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    Pieter Bierkens

    Executive Director – Regulatory Strategy, Institutional Banking & Markets
    Commonwealth Bank of Australia

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    Rachel Alembakis

    Events Editor
    Regulation Asia


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    Sam Ahmed

    Co-Founder & MD,
    Deriv Asia

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    Samuel Riding

    Editor,
    Regulation Asia

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    Shaun Murray

    Managing Director, Head of Strategic Collateral Management,
    Standard Chartered Bank


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    Simon McKnight

    Partner,
    Simmons & Simmons

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    Steven Griffiths

    Company Director,
    Absolute Derivatives

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    Tim Clarsen

    Head of Risk Management Business Solutions,
    Murex


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    Valerian Crasto

    Chief Operating Officer, Treasury & Markets,
    DBS

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    Yves Tomballe

    Head of Market & Liquidity Risk Ex-Japan,
    Bank of Tokyo-Mitsubishi UFJ

OTC Derivatives Summit Asia 2016


In February 2016, over 180 professionals gathered in Singapore.

OTC 2016 Webpage


See the agenda, line up of world class speakers and our partners


Visit 2016 event

2016 Photo Album


Get a glimpse of what to expect from the event last year.


2016 Photo Album

Register Your Interest

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Supporting Organisations


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Pricing


Register today to ensure you take advantage of this exclusive 1-day summit

    • US$699

    • Market Participants

      • Banks, Brokers
      • Fund Managers, Pension Funds
      • Exchanges & Intermediaries
    • Book Now
    • US$899

    • Service Providers

      • Technology Companies
      • Consultants
      • Law Firms
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Contact


Reach out to our various team members to find out more about the conference

Speaking & Programme

Rachel Alembakis
rachel@inasiamedia.com

Sales & Sponsorship

Nick Wakefield
nick@inasiamedia.com

Marketing & Operations

Denise Law
denise@inasiamedia.com