360 Global Capital

AllianceBernstein

Alpine Mutual Fund

Avenue Capital Group

Bank of Montreal

Blackrock

BNY Mellon

Calypso Capital

Cervino Capital Management

Cohen & Steers

Credit Suisse

Delaware Investments

Eton Park Capital Management

Jennison Associates

Loomis, Sayles & Company

Lord Abbett & Co LLC

Magnitude Capital, LLC

Marathon Asset Management

MetLife

Nomura Asset Management U.S.A

Northern Trust Global Advisors

Nuveen Investments

State Street

TIAA-Cref

Torchlight Investors, LLC

Wells Capital Management

8:15 am

Registration & Breakfast with the Exhibitors

9:00 am

Chairperson’s Opening Remarks

Chad Wekelo, Principal,
Actualize Consulting

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:
Michael Landolfi, Managing Director-Derivatives,
BNY Mellon Asset Servicing
Stephen Bruel,
Brown Brothers Harriman

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?

Moderator:
Sean Owens, Director of Fixed Income Research & Consulting,
Woodbine Associates
Panelists:
Joe Pellegrini, Vice President, Business Development,
OCC
Harry Jin, Head of Product and Client Solutions,
BNY Mellon

11:00 am

Networking Break with the Exhibitors
Sponsored by: GBP Financial Solutions

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?

Moderator:
Dan Viola, Partner and Head of Regulatory Defense and Compliance,
Sadis and Goldberg
Panelists
Clark Thompson, Director, Head of Risk, Finance, and Corporate Systems IT Strategy,
Credit-Suisse
Sean Owens, Director of Fixed Income Research & Consulting,
Woodbine Associates

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.  

12:30 pm  

Lunch Break with the Exhibitors

1:30 pm  

The Brave New Desk - Managing Collateral Post Dodd-Frank

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 of Fixed Income Operations,
Loomis, Sayles & Company, L.P.
John Fry, Senior Product Manager, Operations,
SunGard
Mas Nakachi, Managing Director, Business Development,
Calypso

2:50 pm

Networking Break with the Exhibitors
Sponsored by: Lombard Risk 

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?

Panelists:
Kevin Walker, AVP, Derivatives Administration,
Nuveen Global Operations

3:30 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?

Moderator:
Chad Wekelo, Principal,
Actualize Consulting
Panelists:
Ted Leveroni, Vice President,
Omgeo
David Wechter, Senior Director, Collateral Product Management,
Algorithmics An IBM Company

4:15 pm  

Conference Adjourns