2019 Programme

Programme

2019 Programme

08:15

Registration

08:55

Chairpersons’ opening remarks

Michael Reeves

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

Navigating regulatory maze and collateral needs with triparty platforms.

  • What are the topics you see under the current collateral required environment? 
  • What are the operational challenges of T-2 shortening cycle?
  • In the securities lending market, what will be pros and cons of operational features between bilateral and triparty model?
  • What value can a collateral manger add? What are the expanded scopes recently developed?  

Speakers:
Kanako Hayashizaki, Head of Equity Finance Support Section, NORUMA SECURITIES COMPANY LTD
Shinya Kato, BNY Mellon Markets - Japan Cross Sales / Director, THE BANK OF NEW YORK MELLON SECURITIES COMPANY JAPAN LTD
Tomoaki Kinoshita, Department Manager, Equities & Derivatives Business Division, RAKUTEN SECURITIES COMPANY LTD
Hiroshi Suzuki, SVP / Head of Global Securities Business Group, SUMITOMO MITSUI BANKING CORPORATION

Moderator:
Hiroshi Ohno, Head of RM & Business Development - Japan, The BANK OF NEW YORK MELLON SECURITIES COMPANY JAPAN LTD

10:10

Coffee break

10:30

Collateral management, BCBS-IOSCO and Beyond

  • Brief history lesson & regulatory background
  • Margin regulations: how the market adopted them and lessons learned
  • Trends in collateral and derivatives market space

Artur Kogay, Senior Market Specialist, CALYPSO TECHNOLOGY

11:00

Initial margin big bang and Impact to Other Securities Financing

  • How ready is the industry for the final phase in of margin rules?
  • What are the requirements for the mandatory exchange of the initial margin?
  • What are the challenges faced by regional banks and buy-side firms?
  • What were the lessons learnt from the previous phases?
  • What are the best practices in efficiency and control in margin call, collateral posting and administration?

Speakers:
Dr. Shinichiro Itozaki, Financial Engineering Division, MITSUBISHI UFJ MORGAN STANLEY SECURITIES CO., LTD.
Teruhiko Kuniyasu, Counterparty Risk & Collateral Management Team, Credit Management Office, ALM Department, MIZUHO BANK, LTD
Chris Moores, Executive Director, Head of Collateral Risk Management, Corporate & Investment Bank, Asia Pacific, JPMORGAN SECURITIES CO., LTD
Kyoko Yamamoto, Market Planning Department, Market Operations Management Department Research Manager, ISDA Collateral Management Group, Mitsubishi UFJ Bank Ltd


Moderator: 
Hiroaki Usui,
Deputy Head of Transaction Legal, Executive Director, Transaction Legal Department, NOMURA SECURITIES CO., LTD

11:40

Future State – Integrated Collateral Management for Bilateral Margining and Triparty

  • Sourcing non-cash collateral from the World Bond Market
  • Convergence of demand for collateral
  • Challenges in managing collateral effectively
  • Future state of integrated collateral management
  • Infrastructural and operational consideration

O'Delle Burke, Executive Director, Head of Collateral Management Product, Securities Services ​​​​​Asia Pacific, J.P. MORGAN

12:10

Lunch

13:00

Outlook on impact of benchmark reform, repo market functioning and future market challenges

Hiroyuki Shiozawa, Director, Head of Market Infrastructure Group, Financial Markets Department, BANK OF JAPAN LTD.

13:30

Collateral management 2020 and forward

  • What needs to be considered for year 2020?
  • Options on segregation
  • SIMM to seg (S2S) model
  • Collateral management model and challenges
  • Collateral management – future

Toru Hanakawa, Japan Business Manager, THE BANK OF NEW YORK MELLON SECURITIES COMPANY JAPAN LTD.

14:00

The path to IM 2020 and beyond

  • Learnings from previous phases
  • Hurdles to look out for
  • Future proofing your organization

Shawn Paul, Managing Director, IHS MARKIT

14:30

Coffee Break

15:00

Short history of XVAs

  • Collateral impacts on XVAs
  • Setting up an XVA desk: questions & challenges

Alexandre Bon, Head of Marketing, APAC / Senior SME (XVA & IBOR transition), MUREX

Benchmarking CVA/XVA practices

  • What is the industry progress in CVA/XVA in Japan?
  • How to hedge, manage, or reduce CVA/XVA and their risks?
  • What is the latest debate on CVA/XVA accounting and capital regulations?
  • How initial margin big bang and benchmark reform will change the XVA landscape?

Speakers:
Alexandre Bon, Head of Marketing, APAC / Senior SME (XVA & IBOR transition), MUREX
Satoshi Kumeta, Director, Fixed Income Currency and Commodity (FICC) Department, DAIWA SECURITIES 
Naoki Kasai, General Manager of Credit Management Office, ALM Department, MIZUHO BANK, LTD


Moderator:
Dr. Shinichiro Itozaki, Financial Engineering Division, MITSUBISHI UFJ MORGAN STANLEY SECURITIES CO., LTD.

16:00

Digitization and Automation in the Collateral Domain

  • AI and Blockchain
  • Automation and Connectivity
  • Adopting Industry initiatives – CDM, Digital Agreements

Speakers:
Trevor Negus, Product Manager, SMARTSTREAM TECHNOLOGIES

16:30

Implications of latest regulatory and settlement changes on collateral management operations

  • What are the operational challenges under the current regulatory landscape in Japan?
  • How has Brexit impacted collateral management strategies for Japanese firms overseas
  • How will post-Brexit shock affect your clearing decisions?
  • What is the impact of margin rules on the central clearing market?
  • How are institutions coping with heightened demand in transaction reporting and managing documentation? What is the effectiveness of standardization of CSA format?

Speakers:
Masahiro Ehara, Managing Director, Head of Tokyo Operations, GOLDMAN SACHS
Naoki Iida, Vice President, Collateral Management Group, Inter-Market Settlement Dept, SUMITOMO MITSUI BANKING CORPORATION
 

Moderator:
Narayanan Somasundaram, Hong Kong Bureau Chief, RISK.NET

17:10

Closing remarks

17:15

End of Forum