ISLA 19th Annual International Securities Lending Conference

Programme*

Tuesday 22 June 2010

18:00 - 20:00
ISLA Conference 2010 Welcome Networking Drinks Reception and Registration

Registration Sponsored by    

Welcome drinks sponsored by       

Register for the conference and join us for the ISLA welcome drinks

Wednesday 23 June 2010

Electronic Voting Sponsored by  

08:30 – 09:15 
Breakfast (Late registration) sponsored by:

09:15 – 09:30 
Chairman’s Opening Remarks 
Richard Thompson, Senior Vice President, Securities Lending Product Management, Northern Trust

09:30 –10:00
Keynote Address 
Frank Wiebe, Columnist, Handelsblatt GmbH

10:00 – 10:30 
Setting the Scene
A 'state of the nation' updates from two industry figures plus key themes/questions that they expect to be addressed over the course of the conference programme.

Moderator:
Richard Thompson, Senior Vice President, Securities Lending Product Management, Northern Trust

Speakers: 
Anthony Byrne, Global Head of Securities Lending and European Head of Prime Services, Deutsche Bank
Sandie O’Connor, Global Business Executive, Financing & Markets Products, J.P. Morgan

10:30 – 11:15
Risk vs Reward 
A discussion about the relevant merits of current risk vs reward opportunities within the securities lending world.

Moderator:
Kevin McNulty, Chief Executive, International Securities Lending Association (ISLA)

Speakers:
Mark Faulkner, Founder and Head of Innovation, Data Explorers
David Lonergan, Head of Securities Lending Strategy, BlackRock
Brian Staunton, EMEA Head, Securities Finance, Citi

11:15 – 11:45 
Morning Coffee Break sponsored by 

11:45 – 12:45 
Senior Regulators' Panel
A panel of regulators and industry experts discusses key regulatory issues and debates the impact of the proposed changes in market regulation and supervision in Europe and elsewhere.

- Have the regulatory measures implemented during the past 18 months addressed the right issues and how effective have they been?

- How well is the European regulatory model geared up to deal with seismic market events of the kind we have seen?

- What will be the powers of the new European Securities and Markets Authority, and how will this body interact with national regulators going forward?

- CESR’s proposals for a pan-European short selling disclosure regime.

- What approach has been taken by regulators outside Europe in responding to the key issues, especially in Asia and the Western Hemisphere? Can global consistency be acheved?

Moderator:
Richard Steele, Executive Director and Head of Securities Lending Product Development, J.P. Morgan

Speakers:
Christopher Bates, Partner - London, Clifford Chance
Ed Blount, Executive Director, Center for the Study of Financial Market Evolution
Jasper Jorritsma, Senior Policy Adviser, Netherlands Authority for the Financial Markets (AFM)
Klaus Löber, Head of Oversight Division, European Central Bank
Maria Velentza, Head of Unit, Securities Markets,DG MARKT, European Commission

12:45 - 13:45
Networking Lunch in Exhibition Area  Sponsored by  

13:45 - 14:30
Central Counterparties for financing products in the real world.
A discussion of how CCPs function in, and impacted the repo market and lessons to be learnt for a CCP in securities lending.

Moderator:
Andy Krangel, Senior Product Development Manager, Citi

Speakers:
Rob Coxon, Managing Director, Head of International Securities Lending, BNY Mellon
Byron De Jarne, Director, Head of European Government Repo, Citi
Thomas Wissbach, Eurex

14:30 - 15:15
Prime Brokerage and Prime Custody
Discussion of the growth and challenges in the prime brokerage space and the opportunities and threats that they represent to hedge fund service providers.

Moderator:
Charlotte Wall, Head of EMEA Sales and Account Management, Data Explorers

Speakers:
Paul Fleming, Managing Director, Global Head of ECM, State Street
Andrew Jamieson, Managing Director, Prime Brokerage - Equity Finance, J.P. Morgan
Frederick Nadd-Aubert, Head of Securities Lending Strategy and Marketing, Prime Services, Credit Suisse (Europe) Limited

15:15 – 15:30
Chairman's Closing Remarks
Richard Thompson, Senior Vice President, Securities Lending Product Management, Northern Trust

15:30 - 16:00
Afternoon Coffee Break sponsored by

16:00 – 18:30 
Football Afternoon (England vs Slovenia) Sponsored by  

Thursday 24 June 2010

Electronic Voting Sponsored by  and 

08:45 – 09:15
Registration and Breakfast

09:15 – 09:30
Chairman’s Opening Remarks 
Richard Thompson, Senior Vice President, Securities Lending Product Management, Northern Trust

09:30 – 10:30 
Fixed Income Panel: In the aftermath of Euro Sovereign crisis, will regulatory changes work and what will be the impact on the lending market ?
The panel will look to put the recent Euro Area Sovereign debt crisis into context within a changing regulatory framework. The panel will also discuss how central banks may pursue their "exit strategy" from the exceptional measures they have taken in recent times and how this return to a neutral liquidity stance may affect security finance markets.

Moderator:
Mark Dearlove, Managing Director, Head of Global Liquidity, Barclays Capital

Speakers:
Andreas Biewald, Head of Secured and Unsecured Funding, Treasury Department, Commerzbank 
Laurent Fransolet, Managing Director, Head of European Fixed Income Strategy, Barclays Capital
Scott Nygaard, Global Head of Short Term Markets and Financing, The Royal Bank of Scotland
Kate Lander, Head of International Fixed Income Desk, Northern Trust
Geert A.J. Wijnhoven, General Manager, Global Head of Treasury, ING Commercial Banking

10:30 – 10:45
Morning Coffee Break

10:45 – 12:15
Roundtable Discussions

Topics:

• A: Risk Management: Latest Thinking 
  Leader:
  Andrew Dyson, Data Explorers

• B: Trends in Collateral Eligibility
  Leader:
  Rob Coxon, Managing Director, Head of International Securities Lending, BNY Mellon
   
• C: Regulatory Capital and Liquidity Standards: Impact on the Business 
  Leader: 
  David Hopton, Global Head of Securities Finance, Head of Short Term Financing, Santander 
  
• D: Central Counterparties for Securities Lending
  Leader:
  Roy Zimmerhansl, Owner - FinTuition and Zimmerhansl Consulting Services, Editor in Chief, GSL.tv and ISJ.tv

• E: Prime Brokerage vs. Prime Custody Models
  Leader:
  Paul Fleming, Managing Director, Global Head of ECM, State Street

• F: Exchange Traded Funds (ETFs) 
  Leaders:
  Keshava Shastry, iShares Capital Markets, BlackRock
  Stefan Kaiser, Investment Strategist, BlackRock

12:15 – 14:30
Networking Lunch in Exhibition Area Sponsored by ,and  

14:30 – 15:30
Lender Panel 
A discussion by lenders on how the impact of past, present and future events have changed and continue to shape lending programmes today.
Session will consider how attitudes among clients and lenders have changed since the credit crunch and the Lehman default, to views on the likely impact of the changing regulatory environment and revised priorities from clients and markets.

Moderator:
Roy Zimmerhansl, Owner - FinTuition and Zimmerhansl Consulting Services, Editor in Chief, GSL.tv and ISJ.tv

Speaker:
Dirk Bruckmann, Managing Director, Head of Securities Lending, Europe, DWS Investment, Deutsche Bank
Stéphan Demoulin, Managing Director, Co-Head of Securities Lending and Financing, UBS
Mark H. Payson, Managing Director, Global Head of Trading & Asset Liability Management, Brown Brothers Harriman & Co
Nick Thomas, Global Head of Specialised Sales, HSBC Securities Services

15:30 – 16:15
Hedge Fund Panel: – Back to the Future Again
Helping regulators and lenders understand the business and concerns of the hedge fund industry by exploring short sale bans, increased regulation and future opportunities.

• Impact of short sale bans in 2008

• Is Germany right to go it alone?

• Key requirements for Hedge Funds and Proprietary trading desk of the lending community

• Is there light at the end of the tunnel?

Moderator:
Ashley Wilson, Managing Director, Head of Prime Services, EMEA, Barclays Capital

Speaker:
Simon Luhr, Managing Partner, SW1 Capital LP
Grenville Solomon, Director, Zeta Financial Partners
André Stern, Founding Partner, Oxford Asset Management

17:00 - 19:00
Networking Drinks Reception Sponsored by

* This is a draft agenda which is subject to change