Regulatory reform has been a key focus of Europe’s derivatives industry for the past decade resulting in a range of requirements put in place to ensure robust markets with strong oversight. The industry now finds itself at something of a crossroads with a number of issues impacting how it moves forward from here, including assessing the impact of Brexit; a review of the effectiveness of regulations such as MiFID II/MiFIR and EMIR; and steps to address new challenges such as the demand for sustainable finance, regulation of fintech, crypto assets and benchmarks, as well as an ambition to enhance the euro as an international currency.
This one-day symposium will provide a review of existing regulations, as well as an opportunity to assess the impact of new rules on the listed and cleared derivatives business in Europe, how debates on international oversight could impact cross-border trading and clearing of these products. Speakers will include regulators, lawyers and industry specialists.
|event 24 September 2019|
|schedule 08:30 to 17:00|
|place Hilton, Frankfurt City Centre // Hochstraße 4 // 60313 Frankfurt am Main // Germany|
|local_atm FIA Member: 225 € (+ 19% VAT) // Non-Member: 295 € (+ 19% VAT)// Regulator: 100 € (+ 19% VAT)|
For press registration, please contact Steve Adamske. Press registration is only available for working journalists.
08.30 – 09.00 Registration and Networking
09.00 – 09.15 Welcome Remarks
- Walt Lukken, President & CEO, FIA
09.15 – 09.45 Keynote Address
- Elisabeth Roegele, Deputy President, Chief Executive Director of Securities Supervision/Asset Management, BaFin
09.45 – 10.45 A Review of the Current Regulatory Landscape in Europe
Ten years on from the financial crisis, and with a range of regulations put in place since then, how effective has the regulatory response been with regulations such as MiFID II, EMIR, MAR and so on? Is it time for a review? Panellists will look at the successes and the challenges for the industry in meeting new regulatory expectations. What has been the impact on derivatives markets?
- Marc Benzler, Partner, Clifford Chance
- Julia Kolbe, Director, Deutsche Bank AG, Filiale London
- Max Lück, Head of European Regulatory Affairs, Deutsches Aktieninstitut e.V.
10.45 – 11.00 Networking Break
11.00 – 12.15 MiFID Review
What have been the key issues for the derivatives industry in implementing MiFID II and MiFIR? And what are regulators and industry now most concerned about getting right in the upcoming review process?
- Hans Wolters, Senior Policy Advisor, Strategy, Policy and International Affairs Division, AFM
- Patrice Aguesse, Head of Market and Post-Market Regulation Policy, AMF
12.15 – 13.15 Networking Lunch
13.15 – 14.15 Post-Trade Regulatory Reform
How effective has the implementation of European regulatory reform been in creating robust, transparent and effective post-trade infrastructures for derivatives markets? What are the missing pieces in this process – including CCP recovery and resolution?
14.15 – 15.15 Cross-Border Issues
The UK’s departure from Europe is changing the nature of cross-border market supervision with strains developing between the EU and third countries. What is the future of the equivalence approach and what is the potential impact of market fragmentation on global markets?
- Corinna Freund, Principal Market Infrastructure Expert in the Directorate General Market Infrastructure & Payments, European Central Bank
- Dr. Johannes Kaiser, Head of Section Oversight of Payments and Securities Settlement Systems, Bundesbank
- Matthias Graulich, Chief Strategy Officer, Member of the Executive Board, Eurex Clearing AG
15.15 – 15.30 Networking Break
15.30 – 16.00 Fireside Chat
16.00 – 17.00 The Future
This panel will look at new regulations emerging from Brussels and national competent authorities in Europe in emerging areas such as sustainable finance, fintech, crypto assets, benchmarks and the drive to strengthen the euro’s position as a global currency.
- Alexander Ruschkowski, Counsel, Freshfields Bruckhaus Deringer LLP
17.00 – 17.15 Closing Remarks
Please note that panellists will also include representatives from BaFin, the European Commission and Eurex.