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Profit & Loss Frankfurt 2018

April 10th 2018

Venue:

Profit & Loss Frankfurt 2018

The Westin Grand Frankfurt,

Konrad-Adenauer-Strasse 7 60313

Germany


Contact: Cindy Jiang, Email: cindy@profit-loss.com, Phone: +44 207 382 0335

In Association with

Event Sponsors

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Event Preview

Email bkaur@profit-loss.com to register.

This event is free to attend for banks and buy side firms.

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 bkaur@profit-loss.com. 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 

Christian Buschmann, Commerzbank AG, Group Treasury; Board Member, AEFMA Deutschland e.V.

9:30-10:45  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?

Speakers:

Christophe Beuve, Head of Bond Markets and International Operations Division, European Central Bank
Claas Carsten Kohl, Head of Treasury Reporting and Middle-Office, Airbus
Marialisa Cisternino, Advisor, Monetary Policy and Foreign Exchange Operation Division, Banca d’Italia
Rudolf Siebel, Managing Director, BVI German Fund Association

10:45-11:15 Coffee Break

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?

Speakers:

Simon Gutbrod, Gruppenleiter Treasury Operations, Degussa Bank AG
Jochen Kindermann, Partner, Simmons & Simmons LLP
Paul Matherne, Global Head of FX Forwards, 
BNY Mellon
Dave Reid, Global Head of FX Prime Broking (FXPB), Deutsche Bank AG

12:15-13:15  Lunch - Sponsored by Deutsche Bank

13:15-14:00 The P&L Discussion: Benchmarks - Use, Value and Challenges

David Clark talks to Cornelia Holthausen, Deputy Director General Market Operations, European Central Bank, about the use, value and challenges involved in benchmark reform.

14:00-14:30 P&L Burst: The impact of Brexit

Felix Biedermann and Jochen Kindermann from Simmons & Simmons discuss the challenges and impact of Brexit on financial markets and their participants.

14.30: Coffee Break

15:00-16:00  Panel 3:  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

Speakers:

Jason Chauval, Head of Strategic Analytics, NEX Group
John Juer, Head of IRCT eProducts, Commerzbank
Torsten Schöneborn, Quantitative analyst, Deutsche Bank AG

16:00-17:00 Panel 4: The Think Tank - Technology Futures
 
Regulation and a changing market structure is often touted as bringing a better, more efficient FX market – but what role is technology playing? Will Fintech really have an impact and how? There are more players and providers 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 questions about the the impact.

This session will also discuss:

• The changing FX world for an asset manager
• What is the role of AI?
• Where are the technology gaps?
• The new performance metrics - education and control
• Are customers changing the way they access liquidity?
• FX in the new regulatory world
• Role of the Single Dealer Platform in the future world
 
Speakers:

Steve Aldridge, Managing Partner, SafeScribe
John Ashworth, CEO, Caplin Systems Ltd

5:00-7:00  Cocktail Reception - Grand Seven