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Profit & Loss Frankfurt 2018

April 10th 2018


Profit & Loss Frankfurt 2018

The Westin Grand Frankfurt,

Konrad-Adenauer-Strasse 7 60313


Contact: Cindy Jiang, Email:, Phone: +44 207 382 0335

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Delegate: GBP£350 +VAT    Non-Exhibiting Vendor: GBP£1095 +VAT

This event is free to attend for banks and buy side firms based in Germany

Please note that registered delegates’ email addresses will be passed to event sponsors. If you do not wish your details to be shared, please notify P&L Services Ltd will not share your details with any third party other than confirmed sponsors of this event as listed on this page.

Event Programme:

8:30-9:00  Registration & Coffee

9:00-9:05  Introductory Remarks

9:05-9:30  Opening Address - TBA

9:30-10:30  Panel 1: Crunch Time – The FX Global Code

It is almost one year since the full FX Global Code of Conduct was published and significantly at the time, the Global FX Committee provided one year for firms to sign a Statement of Commitment. In the intervening period the controversial Principle 17 had been re-written and the GFXC’s outreach programme has been in full flow. But how successful has the roll out of the Code been?

This panel will also discuss:

  • The approach to firms that do not sign the Statement of Commitment
  • How can we monitor adherence?
  • Will the Code help rebuild trust in the FX industry?
  • What next for the Global Code?


Christophe Beuve, Monetary policy implementation expert, European Central Bank
Claas Carsten Kohl, Head of Treasury Reporting and Middle-Office, Airbus
Rudolf Siebel, Managing Director, BVI German Fund Association

10:30-11:00 Coffee Break

11:00-11:15 BURST - TBA

11:15-12:15 Panel 2: Deep Impact: Regulation and Macro Events

It has been hard over the past year to talk to anyone about anything other than MiFID II or the possible impact of Brexit, but now that the former is a reality and the latter is progressing, what have been the impacts on the financial markets industry?

This panel will also discuss:

  • Has MiFID II been a game changer?
  • Has MiFID II met G 20 expectations in respect of systemic risk management?
  • Where are the regulatory bottlenecks?
  • Has the market structure discernibly changed?
  • Brexit threats and opportunities
  • Are markets actually safer?


Jochen Kindermann, Partner, Simmons & Simmons LLP
Dave Reid, Global Head of FX Prime Broking (FXPB), Deutsche Bank 

12:15-1:15           Lunch

13:15-13:45 The Profit & Loss Interview - TBA

13:45-14:45 Panel 3: Fixing the Fixes

With so much attention on MiFID II and events elsewhere in the world, changes to benchmark regulation have been largely overlooked, but they represent a potentially major challenge to some business models, not least their regulators. What do the changes mean for market participants?

This panel will also discuss:

  • How will Benchmark & Regulation change the use and production of benchmarks
  • What are the governance challenges for Benchmark Administrators?
  • The key changes to benchmark calculation and management
  • Are benchmarks fit for purpose?
  • Should benchmarks return to being reference rates?
  • Are FX benchmarks fundamentally unfair?

14:45-15:15  Coffee Break

15:15-16:15  Panel 4:  Data: Understanding the Value

More data is available to those running trading businesses than ever before, but how should the data be used? Should a firm’s data and analytics business be as firmly structured as its trading arm? How can we use data to improve both an individual firm’s and the wider market functioning?

  • This panel will also discuss:
  • Can you have too much data?
  • Do too many firms still pay lip service to Best Execution?
  • What can the data tell different participants?
  • Will MiFID II empower data providers?
  • Using data to build efficiency in a business


Jason Chauval, Head of Workflow & Analytics, NEX Group 

16:15-17:00  Panel 5: The Think Tank - A Better World…But for Whom?

Regulation and a changing market structure is often touted as bringing a better, more efficient FX market – but is this really the case? Is liquidity better than it was? There are more players in FX than ever before but is there really a healthy market structure in place? This is the panel that will seek to answer the difficult questions about the future of the FX industry.

This session will also discuss:

  • The changing FX world for an asset manager
  • Can platforms and ECNs do more to improve the market structure?
  • The new performance metrics - education and control
  • Are customers changing the way they access liquidity?
  • FX in the new regulatory world
  • Where are the risks and opportunities for service providers and clients?


Steve Aldridge, Managing Partner, SafeScribe

5:00-7:00  Cocktail Reception