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Derivatives Operations and Processing Conference
Full-Day Conference
This one day conference brings together academics, practitioners, consultants, regulators, and policymakers to analyze and assess the various types of risks and tackle the tough issues around derivatives operations. This format will integrate the perspectives of Banks, Hedge Funds and Other Market Participants, Supervisors of Financial Institutions, Investment Managers, Custodians and Asset Service-Providers with the broader financial stability concerns.
In an area as dynamic and innovative as derivatives, regulators and firms have found it increasingly difficult to keep up with the evolution of the instruments. The time lag between the introduction of a product and industry-wide understanding will be a problem if regulators and examiners are inadequately equipped to assess the products, strategies, models, and internal controls used by dealers for derivatives activities. A lack of understanding at the regulatory and legislative level on derivatives and its management risks could cause an increase in "regulatory risk" - the risk that inappropriate regulations or ill-conceived regulatory actions could accelerate disruptions and heighten volatility during a market crisis.
While there has been a steady increase in the use of exchange-traded derivatives, over-the-counter (OTC) derivatives are growing at a phenomenal rate as asset managers use them for hedging and as an investment. According to statistics from the Bank for International Settlements (BIS), the OTC derivative markets grew by 25% in the first half of 2007, compared to 12% in the second half of 2006. With this relentless growth, pressure has been put on operational infrastructure and raised regulatory concerns.
An overwhelming majority of OTC derivatives contracts are negotiated between sophisticated institutional counterparties, which are able to establish appropriate contracts and counterparties. The roles of clearing houses and settlement are another challenge to the industry and players. As a result of this industry-wide growth, the need to improve the operational efficiency of the back-office has never been greater. Derivatives as an asset class have the lowest level of automation across all segments of the investment industry. Automation has been a challenge due to the wide variety of instruments and rapid change in the products that are traded.
The agenda, which can be viewed online includes:
-The State of the Industry
-The OTC Derivatives Processing Landscape
-Requirements for Derivatives Processing
-Best Practices
-Derivatives Operations and Alternative Investments
-Outsourcing Trends
-Derivative Settlements: The Process in Clearing Derivatives
-Next Generation or Risks: New Derivatives
-The Future of the Industry: A Cross Industry View of Derivatives in the Market
In addition, a concurrent Vendor Exhibit will feature displays by leading derivatives administrators, managers, operations and solution providers. Exhibitors include SS&C Technologies Inc. For information on sponsor & exhibit opportunities, email Alana Anderson or call 212-328-2500 x238.
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Derivatives Operations and Processing Conference
Full-Day Conference
CPE Credits: 8 [?]
Bayard's, 1 Hanover Square New York, NY, 10004 [view map] US
Apr 24, 2008
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08:00 to 09:00 |
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Registration and Breakfast
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09:00 to 09:20 |
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Chair's Opening Remarks Address
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Chairman |
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Hal McIntyre, Managing Partner, The Summit Group |
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09:20 to 10:05 |
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Keynote Address: Derivatives Processing - Managing the Imbedded Operational Risks
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Speaker |
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Stephen Kane, Principal, OpHedge Investment Services |
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10:05 to 10:50 |
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Panel: The OTC Derivatives Processing Landscape - Relationship Between the Asset Manager and Custodian
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Moderator |
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George Reis, Industry Consultant, AMF/SIFMA |
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Panel |
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Michael Burg, Derivative Project Manager, Assistant VP, BNY Mellon Asset Servicing |
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Panel |
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Marisol Collazo, Vice President, Business Development, DTCC |
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Panel |
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Gary Nussenbaum, Member, AMF Steering Committee |
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10:50 to 11:15 |
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Mid-Morning Refreshment Break with Exhibitors
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11:15 to 11:50 |
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Requirements for Derivatives Processing - The Issues, Challenges and Solutions
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Keith Bergman, Vice President, Pendo Systems |
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11:50 to 12:35 |
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Panel: Best Practices in Derivatives Management
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Moderator |
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Bohdan Chomut, Senior Market Manager, SWIFT |
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Panel |
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Susan Hinko, Managing Director, Industry Relations, TriOptima North America LLC |
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Panel |
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Bill Youngberg, Director, Financial Services, Thunderhead |
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Panel |
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Ted Brooks, Product Manager, Markit |
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Panel |
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Marshall Terry, Head of Derivative Operations, Sandelman Partners, L.P. |
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12:35 to 01:35 |
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Luncheon
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01:35 to 02:10 |
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Derivatives Operations and Alternative Investments
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Isabel Orellana, President, TCG Financial Consultancy |
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02:10 to 02:45 |
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What is the "Price" of a Derivative: Models vs. Markets?
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Sasha Rozenberg, Product Manager, SuperDerivatives |
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02:45 to 03:05 |
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Afternoon Refreshment Break
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03:05 to 03:40 |
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Derivative Settlements: The Processes in Clearing Derivatives
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Edward Gogol, Managing Director, CME Group |
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03:40 to 04:25 |
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Panel: The Future of the Industry - A Cross Industry View of Derivatives in the Market
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Moderator |
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Phillip Silitschanu, Director of European Research, Aite Group LLC |
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Panel |
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Brad Bailey, Director, Business Development, Knight Capital Group |
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Panel |
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Gillian Christie, Director, Deloitte Consulting LLP |
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04:25 to 05:00 |
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Next Generation of Risks - New Derivatives
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Speaker |
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Sandra Giuffre, Principal, GA Capital LLC |
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05:00 to 05:35 |
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Outsourcing Trends in Derivative Operations
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Don Murphy, Director and Global Head, LaCrosse Global Fund Services |
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05:35 to 05:45 |
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Chair's Closing Remarks and End of Conference
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Chairman |
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Hal McIntyre, Managing Partner, The Summit Group |
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