08:15   

Registration

08:55

Welcome remarks

09:00

Keynote address: Global landscape of OTC derivatives regulations and domestic implementation

Kazunari Mochizuki, Director for International Financial Markets (Settlements), JAPAN FINANCIAL SERVICES AGENCY

09:30

Regulatory dialogue: Managing evolving regulations in cross-border context

  • What are the latest industry's views on regional financial cooperation?
  • What are the major impacts experienced in MIFID II implementation so far?
  • How the industry responded to changes in disclosure of costs and charges?
  • What might be the technologies and process changes needed to stay ahead of the regulatory compliance game?

10:00

Panel discussion: Collateral and liquidity optimisation under regulatory changes

  • What does ISDA SIMM mean for firms?
  • How does the view on collateral management and optimisation changes over time?
  • How a forward looking collateral inventory helps reduce liquidity risk?
  • What are the latest strategies in maximising capital efficiency and promoting cross-border collateral mobility?

10:50

Coffee break

11:10

Panel discussion: Initial margin big bang – what’s next?

  • Where does the industry stand in implementing margin requirement rules?
  • What are the challenges faced by regional banks and buy-side firms?
  • What were the lessons learnt from the variation margin big bang?
  • What are the best practices in efficiency and control in margin call, collateral posting and administration?

Teruhiko Kuniyasu, Head of Margin Call and Reconciliation Operations, ALM Department, MIZUHO BANK
Emmanuel Petitjean, Chief Operating Officer, AMUNDI JAPAN
Seiichi Tanaka, General Manager, Wholesale Operations and Procedures Planning Office, MITSUBISHI UFJ MORGAN STANLEY SECURITIES
Hiroaki Usui, Deputy Head of Transaction Legal, Executive Director, NOMURA SECURITIES CO., LTD

12:00

Presentation: Emerging global collateral management trends and developments

  • Lessons from IM implementation and outlook on future challenges
  • Links between repos, bonds and derivatives
  • Managing the impact of banking regulations on the repo and collateral markets
  • Global trends and best practices

12:30

Lunch

13:30

Presentation: Margin requirements - no margin for errors

  • Overview on the expanding mandates for OTC derivatives trading globally
  • Challenges in margin calculation across ETD, OTC cleared and uncleared trades
  • A case for change - current industry practice and the changes required 
  • Optimising cost of collaterals, post-trade validation, risk management and reporting

Masutani Yasuyuki, Principal Consultant, CALYPSO TECHNOLOGY

 14:00

Presentation: Evolution of collateral management models in the post-Lehman era

  • Regulations affecting collateral management in post-Lehman era
  • Availability of eligible collateral and strategies in unlocking high quality liquid asset
  • Changes in custodian model and outline of workflow
  • Addressing concerns around settlement, treatment of counterparties and segregation requirements

14:30

Presentation: Collateral management - moving valuation to cloud

  • Meeting the challenges of new regulatory regime 
  • Utilising the efficiencies of cloud computing to ease operational complexity for buy-side firms
  • Addressing infrastructure challenges with minimal cost
  • Cloud computing as the future of collateral management

15:00

Presentation: Future of distributed ledger technology in payment, clearing and settlement

 

  • Key learning from DLT solutions and performances globally
  • Effectiveness in liquidity saving and improving operational efficiency 
  • Pros and cons in the use of blockchain technology in the capital markets
  • Outlook on further testing and applications

 

15:30

Coffee break

 15:50

Industry dialogue: Considerations of pricing CVA into derivatives trades

  • Latest industry view and impact of financial regulations on CVA/ XVA practices
  • Accounting debate over CVA/ XVA
  • Infrastructure and advanced practice of CVA/ XVA desk activities
  • Implementation strategies and roadmap

Shinichiro Itozaki, Senior Manager, Financial Engineering Division, MITSUBISHI UFJ MORGAN STANLEY SECURITIES CO., LTD.
Kuniomi Kimura, Managing Director, Head of Japan BRM, Business Resource Management Department, NOMURA
Satoshi Kumeta, Director, Fixed Income Currency and Commodity (FICC) Department, DAIWA SECURITIES

16:30

Panel discussion: Implications of latest regulatory and settlement changes on collateral management operations

  • What are the top challenges in derivatives operations under the current regulatory landscape?
  • What is the impact of T+0 settlement for certain repos has on the Japanese market?
  • How are institutes coping with heightened demand in managing documentation and repapering of CSA in derivatives trading?
  • How to improve standardisation of collateral management practices across legal, front, middle and back office?

Masahiro Ehara, Managing Director, Head of Tokyo Operations, GOLDMAN SACHS JAPAN
Yasunori Kaneko, Executive Director, MORGAN STANLEY MUFG SECURITIES

17:20

Closing remarks and end of conference

 

 

 

Asia Risk reserves the right to change the programme where necessary.