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SEFCON VII 2017

January 18th 2017

Venue:

SEFCON VII 2017

The Roosevelt Hotel New York, 45 East 45th Street

New York, NY 10017, United States


Contact: Cindy Jiang, Email: cindy@profit-loss.com, Phone: +44 20 7382 0335

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CONFERENCE AGENDA

7:45-8:30am       Registration and Continental Breakfast

8:30-8:45am       Welcoming Remarks    

                            Scott Fitzpatrick, Chairman, the Wholesale Markets Brokers’ Association Americas; CEO of Tradition SEF

8:45–9:15am       Opening Remarks by Timothy G. Massad, Chairman, US Commodity Futures Trading Commission 

9
:15-9:45am       Panel 1: “A View from The Hill: The Trump Presidency

What will a Trump presidency look like for the financial markets? Which issues are going to top the political agenda for the year ahead? How will Capitol Hill impact the work being done by the CFTC and the SEC? 

Moderator:
Micah Green, Partner, Steptoe & Johnson
Rep. Bill Huizenga, Chair, Capital Markets, Securities and Investment Subcommittee, House Financial Services Committee


9:45-10:15am       Keynote Address by J. Christopher Giancarlo, Commissioner, US Commodity Futures Trading Commission 

10:15-10:45am     Morning Coffee Break

10:45- 12:00pm    Panel 2: Dodd-Frank Act: Is Change Coming?"

President Elect Trump has indicated a peeling back of many of the regulations that were enacted under the Dodd-Frank Act. Which changes would help? Which rules should remain? How are margin rules, capital requirements, leverage ratios likely to change? Will the Volcker Rule be repealed? How could Title VII be affected?

This panel will also discuss:

  • How might Brexit impact the EU realizing regulatory equivalence with the US?
  • Will cross border rule harmonization advantage or disadvantage Non-US Swap Dealers?
  • Does the prospect of changes to Title VII make equivalence less likely?
  • What are the major practical risks to the marketplace if equivalence is not in place when MiFID II is launched?

Moderator: Matt Kulkin, Partner, Steptoe & Johnson

Speakers:
Keith Bailey, Managing Director, Barclays Capital
Vince McGonagle, Director of the Division of Market Oversight, CFTC
Bill Shields, Chief Compliance Officer, GFI Swaps Exchange LLC
Petal Walker, Chief Counsel to Commissioner Sharon Bowen, CFTC
Mark Wetjen, Managing Director, Head of Global Public Policy, DTCC

12:00-1:00pm     Lunch

1:00-1:30pm       Post-Lunch Address by

                            Larry Tabb, CEO, TABB Group

                            "The Implications of a Trump Presidency on

                              the Financial Markets"

1:30-2:30pm       Panel 3: Chasing Liquidity – A View from the Buy Side

With the ‘big bang’ launch of variation margin requirements coming in March and the rollout out of deferred phase one margin requirements in Europe and Asia – the clock is ticking, will the industry be ready in time? Does the split in what had previously been a globally coordinated implementation timetable cause new compliance headaches? How do collateral agreements and custody accounts need to be adapted for the new requirements? Have uncleared margin rules impacted swaps activity? Are the new margin rules pushing more swaps into clearing? What is the buy side seeing in terms of liquidity characteristics across different markets? What trading protocols do the buy side want?

Moderator: Shawn Bernardo, CEO, Tullett Prebon SEF

Speakers:

Stephen Berger, Managing Director, Government & Regulatory Policy, Citadel LLC
Kristin Boggiano, President & Founder, Women in Derivatives
Darcy Bradbury, Managing Director, DE Shaw
Michael O'Brien, Global Head of Trading, Eaton Vance

2:30-3:00pm      Afternoon Coffee Break

3:00-4:00pm      Panel 4: The Future of OTC Market Structure

The introduction of SEFs was meant to shake-up the long-established conventions of trading in the swaps market, yet the incumbents in the areas of trading, venues and infrastructure have largely retained their positions. Could this/should this change? What is the best business model for capitalizing on the new SEF environment? Is this the year we see market structure and infrastructure paradigms start to be challenged? What are the key technological advancements being developed? Is increased clearing affecting change?

Moderator:
 Kevin McPartland, Head of Market Structure & Technology Research, Greenwich Associates

Speakers:

Scott O’Malia, CEO, ISDA
Kayam Rajaram, Director, Debt Market Structure, Deutsche Bank 
Amir Zaidi, Legal Counsel & Policy Advisor to Commissioner J. Christopher Giancarlo, CFTC
Scott Fitzpatrick, CEO, Tradition SEF


4:00-4:15pm       Closing Remarks by Scott Fitzpatrick, Chairman, WMBAA; CEO of Tradition SEF

4:15 – 5:30 pm     Networking Reception

***

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