InvestOps Europe 2017

September 20-September 21, 2017

Radisson Portman, London

44 (0) 207 368 9445

InvestOps Day 1 – Wednesday 20th September, 2017

07:30 AM - 08:50 AM Registration & Networking Breakfast

8:50 AM - 8:55 AM Welcome Address: Lauren Harrison, Conference Director, InvestOps


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Alex Powell

Senior Financial Services Professional, Former COO
HSBC Securities Services

DRIVING INNOVATION

09:00 AM - 09:20 AM Keynote Presentation: Transforming the global operating model: How can you embrace innovative technology such as robotics and AI to embed agility and scalability into your operations and seamlessly support an expanding business that trades around the clock?

Jim Kearney, Head of Global Investment Operations, Vanguard
  • Pinpointing key challenges and opportunities in globalising the operating model: How can the buy side overcome obstacles around supporting a global business and embrace innovative technology such as robotics and AI

  • Enabling trading across multiple time zones: How can you optimise business processes and technology to absorb an increase in trading locations, volumes and product complexity

  • Accelerating responsiveness to changing investor and regulatory demands: How can you support the consolidation of new distribution channels, markets or investment styles into existing operations without disruption

  • Striking the optimal balance between business commonality and localised services: How can you best harmonise global operations whilst catering to local jurisdictions and complex product requirements


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Jim Kearney

Head of Global Investment Operations
Vanguard

09:20 AM - 10:00 AM Interactive Interview: Staying ahead of the game: How are various disruptive technologies transforming the operations landscape and in what ways can you leverage each of them to boost your competitive advantage?

Alex Powell, Senior Financial Services Professional, Former COO, HSBC Securities Services , , Igor Lobanov, Head of Systems Architecture, Legal & General Investment Management Philippe Buron, Head of IT , Societe Generale Jim Kearney, Head of Global Investment Operations, Vanguard
  • Pinpointing the technology trends that are poised to change the operating model today as you know it: How will advanced technology allow you to optimise existing processes?

  • The role of AI, machine learning and robotics in operations: How can the buy side leverage this innovation to gain a competitive advantage?

  • Remaining competitive with the simpler and more streamlined business models of newcomers: How can large, established firms best integrate the latest and greatest technology into complex operating systems?

  • Introducing agility and scalability into your operations: How can you absorb the best of breed solutions into existing workflows to remain relevant in a changing industry?


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Alex Powell

Senior Financial Services Professional, Former COO
HSBC Securities Services
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Igor Lobanov

Head of Systems Architecture
Legal & General Investment Management

Philippe Buron

Head of IT
Societe Generale

Jim Kearney

Head of Global Investment Operations
Vanguard

10:00 AM - 10:30 AM Political Guest Keynote: An update on Brexit negotiations 6 months on from triggering Article 50: What will be the impact on the economy, EU-UK trade relations and the investment landscape?

Anthony Hilton, Financial Editor, Evening Standard
  • Lifting the lid on Article 50 taskforce timeline: What stage have they reached in negotiations?

  • Early outcome of negotiations: Will the EU market remain ‘single’ or become more of a tiered market?

  • How will the trading lifecycle of buy and sell side institutions be impacted by the outcome, and how can they remain resilience in the face of change?

  • Next steps: What can the financial industry expect from negotiations in the upcoming 6 months?


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Anthony Hilton

Financial Editor
Evening Standard

10:30 AM - 11:10 AM Morning networking break

11:10 AM - 11:50 AM Regulatory Fireside Chat: Clarifying the regulatory roadmap ahead: How can you use best prioritise new key pieces of legislation and implement RegTech without disrupting your existing day to day operations?

Lynn Strongin Dodds, Freelance Journalist , , , Lia Oyman, Market and Regulatory Initiatives Manager, Franklin Templeton Stephane Janin, Head of Global Regulatory Development, AXA Investment Managers Daniel Sandmann, Head of Compliance Policy, Communications & Regulatory Affairs, Allianz Eric Bernstein, President, Broadridge
  • Remaining on the right side of the regulatory mandate: How to interpret and prioritise the key regulatory requirements of 2018 and allow your infrastructure time to adjust to a new regime

  • Clarifying who will be affected and how: How to best prepare your front, middle of back office infrastructure for change without disrupting day to day workflow

  • Harmonising regional and national compliance: How to address multiple pieces of regulation at once to streamline processes and achieve efficiency under a new regime

  • What does the future hold for the operations landscape? How to optimise resilience in the face of ongoing reforms


Lynn Strongin Dodds

Freelance Journalist
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Lia Oyman

Market and Regulatory Initiatives Manager
Franklin Templeton
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Stephane Janin

Head of Global Regulatory Development
AXA Investment Managers
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Daniel Sandmann

Head of Compliance Policy, Communications & Regulatory Affairs
Allianz
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Eric Bernstein

President
Broadridge

- What challenges will industry participants face come 2018, and what measures can be taken to best streamline the adjustment period?

  • Buy Side

  • Brokers

  • Exchanges and Venues

  • Trade Repositories

- Exploring the impact of a new regime on margins and capital: How will prime brokers change their pricing structures to mitigate against the increased cost of collateralising? How might data analytics play a role in ensuring collateral efficiency?

- Redefining best execution: What role should operations take in agreeing, maintaining and monitoring broker budgets? Should research be designated a post trade processing cost?

- Optimising efficiencies within new infrastructure: How can the buy side bolster connectivity to CCPs, SEFs, MTFs and OTFs to streamline workflows


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Alex Powell

Senior Financial Services Professional, Former COO
HSBC Securities Services
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Colin Stock

Executive Director, Investment Operations
J.P. Morgan Asset Management
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Henry Raschen

Head of Regulatory Engagement
HSBC
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Vincent Dessard

Senior Regulatory Policy Advisor
EFAMA

Matthew Luff

MIFID II Consultant
Henderson Global Investors

Lunch

12:30 PM - 1:40 PM Lunch Networking Break

Invite Only Lunch

12:30 PM - 1:40 PM Exclusive Invite Only Buy Side Lunch Demonstrating the true value of operations: How to make new reforms business as usual and achieve an efficient and streamlined operations that can make a real impact to the business bottom line

Jim Kearney, Head of Global Investment Operations, Vanguard

Open to 15 Heads of Investment Operations from the top 20 asset managers.

Join this interactive lunch session, air your own hot topics and together brainstorm ways you can innovate operations and then drive those objectives forward.


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Jim Kearney

Head of Global Investment Operations
Vanguard

NAVIGATING THE DERIVATIVES STORM

1:40 PM - 2:10 PM The OTC derivatives landscape: How is the industry innovating to help you not only comply but also future proof your operations to drive greater business value?

Bill Hodgson, Owner, The OTC Space Limited Ricky Maloney, Director, Solvere FMC Christian Maahrbeck, Head of Derivatives Operations, Nordea Asset Management Alan Williamson, Director, Smart Communications
  • Overcoming derivatives complexity: Which operational challenges are expected to be solved by 2020, and where are we on the roadmap to achieving such goals?

  • Leveraging Blockchain and cloud-based solutions: How will these services be introduced to the operating landscape in its entirety and who is best placed to lead the introduction of this innovation?

  • A new risk management model in an increasingly interoperable environment: How would the emergence of a one-stop shop market utility change current definitions of risk concentration and management?

  • Future-proofing your operations: Which key principle should prevail for market infrastructure and technology providers in order for them to provide services that can withstand ongoing regulatory change and technology advances?


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Ricky Maloney

Director
Solvere FMC
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Christian Maahrbeck

Head of Derivatives Operations
Nordea Asset Management
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Alan Williamson

Director
Smart Communications
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Bill Hodgson

Owner
The OTC Space Limited

NAVIGATING THE DERIVATIVES STORM

2:10 PM - 2:30 PM Regulatory keynote: Update on CCP Resilience: How regulators are certifying the adequacy of CCP financial resources and minimising risks in the ecosystem?

Patrick Pearson, Head of Unit, Resolution and Crisis Management, European Commission
  • How CCP recovery and resolution will safeguard participants and investors in the event of CCP default and what red flags to take note of

  • Mitigating interdependent risk: An analysis of measures taken to eliminate the risk for stakeholders

  • FSB,CPMI IOSCO and European Commission interaction: How regulators are working together to create a robust framework for CCP recovery and resolution


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Patrick Pearson

Head of Unit, Resolution and Crisis Management
European Commission
  • Renewed focus on clearing post Lehman Brothers bankruptcy: G20 decisions about more OTC derivatives being cleared via central counterparty

  • The importance of CCPs to the financial network: Will CCP clearing de-risk the system

  • Who decides what products a CCP can clear and if they have the appropriate risk management tools in place

  • Margining and systemic risk: Why the margining policy of CCPs matters enormously to the stability of the system

  • Quis custodiet ipsos custodes: How can we ensure CCPs fulfil their roles appropriately by acting as regulators and supervisors for the markets they clear and risk managers of their own balance sheet

  • Practical lessons from past CCP defaults


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Vincent Dessard

Senior Regulatory Policy Advisor
EFAMA
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Angus Canvin

Senior Financial Services Policy Professional
The Investment Association
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Alex Powell

Senior Financial Services Professional, Former COO
HSBC Securities Services
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Leontien Van Den Oever

Principal Risk Manager
PGGM Investments

NAVIGATING THE DERIVATIVES STORM

2:50 PM - 3:10 PM Interview: How to quantify the real impact of regulatory change (e.g. increase in cleared initial margin) and use this data to prioritise infrastructure investments to help successfully optimise your business

John Lund, Buy Side ‎Derivatives, Collateral Management Specialist Kyra Brown, Senior Regulatory Change Consultant, Standard Life Investment Alex Powell, Senior Financial Services Professional, Former COO, HSBC Securities Services
  • Outlining the multiple complex regulatory drivers, how they overlap with one another and resulting unintended consequences

  • How the transition from bilateral to cleared has led to fragmentation of the old bilateral model

  • How to quantify the real impact of this transition on your investment business, operations and infrastructure

  • How to prioritise infrastructure investment using quantified data points to justify spend on optimisation functionality


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John Lund

Buy Side ‎Derivatives
Collateral Management Specialist
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Kyra Brown

Senior Regulatory Change Consultant
Standard Life Investment
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Alex Powell

Senior Financial Services Professional, Former COO
HSBC Securities Services
  • Leveraging sophisticated analytics and AI to reduce the cost of funding margins: How can operational capabilities be improved to guarantee the most cost efficient execution platforms and cheapest collateral are chosen in a timely fashion

  • Aligning legacy trades with those under the new collateral regime: How to optimise your netting strategy to reduce the impact on business profitability whilst ensuring enterprise-wide compliance

  • Automating and simplifying collateral workflows: How can the buy side take advantage of the multiple new collateral optimisation initiatives in the market to better source eligible collateral and meet increasing demands?

  • Optimising the cash management process to meet increasing liquidity requirements: How can you accurately forecast and fulfil collateral required on repo’s, TBAs and futures going forward?


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Ismail Meziane

Deputy Head of Middle Office
Candriam Investors
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Matthew Scott

Operations Manager
G-Research
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David White

Head of Sales
triResolve

Alex Powell

Senior Financial Services Professional, Former COO
HSBC Securities Services
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Philippe Laurensy

Managing Director - Head of Commercial
Euroclear
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Jan Grunow

Head of Investment Operations
Swiss Life Asset Management
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Jenny Nilsson

Head of Product Marketing
TriOptima

CUTTING-EDGE DATA MANAGEMENT APPROACHES

1:40 PM - 2:30 PM Interactive Panel: Guaranteeing enterprise-wide data accuracy and compliance: How can you ensure your data is accurate and in line with the UK and EU regulations?

David Berry, Market Data, Exchange Commissions Global Sourcing CIQ, IPUG Christophe Javaux, Head of Investment Operations, BNP Paribas Investment Partners Nicole Grootveld-Sandig, COO Investment Management, MN Alain Mandy, Executive Vice President, PIMCO
  • Tackling scattered IT and displaced data head on: How can you optimise the movement of information across various platforms to guarantee data is accessible when required?
  • How can you best work with IT departments to build a robust data governance strategy that distributes investment data in a controlled environment?
  • Exploring the challenges and opportunities of building a golden source of data: How can you build a strong security master that will ensure enterprise-wide data integrity?
  • Eliminating the risk of error: What proven approaches can be adopted to ensure that only high quality, accurate data enters and leaves business platforms
  • How is data accuracy and compliance affected in post Brexit world?

LIVE POLL
Use the event app to answer questions put to you by our panel before they deep dive and debate your burning issues on data accuracy and compliance

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Christophe Javaux

Head of Investment Operations
BNP Paribas Investment Partners
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Nicole Grootveld-Sandig

COO Investment Management
MN

David Berry

Market Data, Exchange Commissions Global Sourcing CIQ
IPUG
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Alain Mandy

Executive Vice President
PIMCO

CUTTING-EDGE DATA MANAGEMENT APPROACHES

2:30 PM - 2:55 PM Fire Side Chat: How to bring down the cost of internal market data usage whilst meeting internal requirements and retaining your competitive advantage

David Berry, Market Data, Exchange Commissions Global Sourcing CIQ, IPUG Dharmesh Darj, Head of Market Data, Hermes Investment Management
  • How to engage with your business units, IT and operations to compile the best market data from the right vendors and optimise distribution

  • How to leverage the services of emerging data providers that can provide the same quality of service at a lower price

  • How to streamline your enterprise wide market data strategy to reduce costs, making the current model sustainable?

  • Finding the balance between too much and not enough: How to guarantee pricing accuracy whilst keeping costs down


David Berry

Market Data, Exchange Commissions Global Sourcing CIQ
IPUG

Dharmesh Darj

Head of Market Data
Hermes Investment Management

CUTTING-EDGE DATA MANAGEMENT APPROACHES

2:55 PM - 3:50 PM Case Study Revolution Bringing the whole data world together: How can you combine architecture, governance and management to deliver a framework that enables quality, traceability and flexibility in your operations

Naomi Clarke, Head of Data , GAM
- Timeline to now: What data looks like in a typical organisation in 2017, how we got here and the further implications on the overall business
- How to implement a ‘Data by Design’ approach focusing on a disciplined architecture including data modelling and physical systems mapping whilst putting data governance in place
- Exploring the data challenge: how to better manage inbuilt data quality in your business processes
- Pipe dream or creeping reality? How can you put in place measures to move towards an optimised framework sooner rather than later


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Naomi Clarke

Head of Data
GAM

BENEFITING FROM T2S

1:40 PM - 2:40 PM Boardroom: The impact of a changing Eurosystem on efficiency, risk and business services: How will T2S and Brexit impact harmonisation and competition amongst market infrastructure players, and how will this filter down to end users?

Lynn Strongin Dodds, Freelance Journalist , Ben Van Der Velpen, Senior Market Consultant Securities, ING James Cunningham, European Regulatory and Market Initiatives, BNY Mellon
  • Risk, resolution, mergers and acquisitions: How will recent legislation and commercials bids impact services for the industry?

  • How will T2S harbor competition amongst CSDs, and what impact will this have on settlement services?

  • Evaluating Eurosystem collateral pools: How is market infrastructure working to provide collateral opportunities for industry participants, and when will the benefits be realized?

  • How will Brexit transform cross border relations, and what impact will this have on the current operations value chain?


Lynn Strongin Dodds

Freelance Journalist
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Ben Van Der Velpen

Senior Market Consultant Securities
ING
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James Cunningham

European Regulatory and Market Initiatives
BNY Mellon

BENEFITING FROM T2S

2:40 PM - 3:50 PM Boardroom: New T2S migration updates: What is the latest status around the closer integration of financial market infrastructure to enhance the safety and efficiency of payments, and when can you expect to reap the benefits of cheaper and easier to access collateral?

Lynn Strongin Dodds, Freelance Journalist , James Cunningham, European Regulatory and Market Initiatives, BNY Mellon Christoph Heid, Deputy Head of Division - Strategy, Policy and Oversight -Payments and Secu, Deutsche Bundesbank
  • The single access channel to connect to Eurosystem market infrastructure: How are new waves of migration easing the movement of assets between domestic markets to free up collateral?

  • How are regulatory developments in both T2S and CSDR demanding change in CSD services, and how can buy and sell side industry participants stand to benefit?

  • Consolidating the technical and functional components of TARGET2 and T2S: How will this improve Eurosystem cyber-resilience?

  • The creation of pan-European instant payments: What solutions are emerging to offer faster and more efficient settlement processes?


Lynn Strongin Dodds

Freelance Journalist
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James Cunningham

European Regulatory and Market Initiatives
BNY Mellon
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Christoph Heid

Deputy Head of Division - Strategy, Policy and Oversight -Payments and Secu
Deutsche Bundesbank

3:50 PM - 4:30 PM Afternoon Networking Break

GETTING READY FOR MIFID II

4:30 PM - 5:10 PM Overcoming the challenges of meeting pre and post trade transparency requirements: How to improve the way you manage your data to meet MiFID II reporting requirements

Virginie O’Shea, Research Director, Aite Group Adrian Gill, Regulatory Compliance Specialist , Abide Financial Matthew Luff, MIFID II Consultant , Henderson Global Investors Lia Oyman, Market and Regulatory Initiatives Manager, Franklin Templeton Jean-Charles Delcroix, Chief Compliance Officer, Amundi
  • How will current data workflows and systems need to be strengthened in order to deliver accurate and timely reports?

  • Designing a sustainable solution to meet pre and post trade transparency requirements: What level of automation and centralisation will be required to streamline risk data aggregation and reporting?

  • Overcoming the complexity of SI determination: What process and control will be required to accurately monitor the transaction and trade?

  • Lifting the lid on regulatory priorities to enable better team briefing: How can you ensure your reporting teams accurately prepare and report the data required in line with the regulators’ purpose?


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Adrian Gill

Regulatory Compliance Specialist
Abide Financial

Matthew Luff

MIFID II Consultant
Henderson Global Investors
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Lia Oyman

Market and Regulatory Initiatives Manager
Franklin Templeton
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Virginie O’Shea

Research Director
Aite Group
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Jean-Charles Delcroix

Chief Compliance Officer
Amundi

GETTING READY FOR MIFID II

5:10 PM - 5:30 PM Case Study: Redefining operations’ approach to new regulatory requirements: How can the industry work better together to optimise the efficiency of regulatory build?

Ayaz Haji, MiFID 2 Head of Technical Architecture and Data Strategy, Goldman Sachs

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Ayaz Haji

MiFID 2 Head of Technical Architecture and Data Strategy
Goldman Sachs

MAKING THE RIGHT STRATEGIC DECISONS

4:30 PM - 5:10 PM Interactive Interview: Allocating resources to value-add activities: How can you identify which of your specific functions should be outsourced versus kept in-house?

Alex Powell, Senior Financial Services Professional, Former COO, HSBC Securities Services Stuart Clapson, Global Delivery Manager, Derivatives & Trade Support, UBS GAM Olivier Dumas , Head of Middle Office, Head of Middle Office

- Disputing the pro’s and con’s of outsourcing: How to identify whether outsourcing the following processes will add value to your operations

•Front-Office related activities – performance measurement, attribution and affirmation

•Collateral Management

•Trade processing of complex derivatives or ETFs

•Regulatory compliance

- Building a durable control mechanism: How to maximise risk management and robust governance of the outsourcing lifecycle

- Increasing the quality of offshored services: How to strengthen your control framework to guarantee efficient service and quick dispute resolution when dealing with more complex products

- Exploring hosting as a low-cost customisation option: How to leverage outsourcing firms’ technology without handing over complete control of operations


Alex Powell

Senior Financial Services Professional, Former COO
HSBC Securities Services
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Stuart Clapson

Global Delivery Manager, Derivatives & Trade Support
UBS GAM
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Olivier Dumas

Head of Middle Office
Head of Middle Office

MAKING THE RIGHT STRATEGIC DECISONS

5:10 PM - 5:30 PM Critical success factors for building a successful risk culture: How to promote the risk aware behaviour you want from the top-down and bottom-up without restricting innovation in your business

William Gilson, Independent Director, Formerly Global Head of Operations, Aviva Investments
  • Global coordination: How to build a strong risk culture that is consistent across geographies and lines of business

  • Protecting your brand: How to ensure that the concept of reputational damage being far more costly than punitive fines is distilled across your business

  • Focusing on the tone in the middle: How to ensure your companies values and ethics are modelled in all interactions across all levels

  • The end game: How to get the buy-in from the board to ensure your risk culture values are fully promoted from the top down not just bottom up


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William Gilson

Independent Director, Formerly Global Head of Operations
Aviva Investments

STREAMLINING PROCESSES WORKSHOP Library Suite– limited to 12

4:30 PM - 5:30 PM Boardroom: An overview of the upcoming challenges in transaction reporting under the forthcoming EU Legislation

Alexandros Constantinou, Chairman, MAP FinTech
- How to deal with the upcoming transaction reporting requirements and subsequent challenges that your firm will face under the forthcoming revised regulations including a deceptive into:
- MiFID II /MiFIR Transaction reporting
- SFTR regulation
  • EMIR revised standards: outlining the main changes coming into force on November 1st in comparison with the current standards and how to achieve business as usual in light of this deadline

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Alexandros Constantinou

Chairman
MAP FinTech

Alex Powell

Senior Financial Services Professional, Former COO
HSBC Securities Services

5:40 PM - 6:40 PM Drinks Reception