Wednesday, October 31, 2018 | 9 a.m. to 5:15 p.m.

9:00 a.m. | Welcome Remarks from AMCC Chair and Host

•      AMCC Chair, Karen Wuertz (Senior Vice President of Strategic Planning and Development, NFA)

•      AMCC Vice Chair, Nandini Sukumar (CEO, WFE)

•      Host, Scott O’Malia (CEO, ISDA)

9:15 a.m.  | A Presentation of IOSCO’s Strategic Directions and Priorities and the Importance of IOSCO’s Principles

9:45 a.m.  | OTC Derivatives: Fundamentals, Role, and Legal Aspects Including Netting

This session will discuss the fundamentals and role of OTC derivatives to support the funding of the economy and mitigate risks, and the legal aspects of OTC derivatives, i.e. documentation and close-out netting mechanism.

Related IOSCO Objective: Ensuring that markets are fair, efficient and transparent

•      Co-Moderator: Keith Noyes (Head of Asia-Pacific, ISDA)

•      Co-Moderator: Katherine Darras (General Counsel, ISDA)

•      Jennifer Levin (Manager, OTC Derivatives, NFA)

•      Axel van Nederveen (Managing Director, European Bank for Reconstruction and Development)

11:15 a.m. | Coffee Break

11:30 a.m. | G20 Commitments: Achievements Nine Years after Pittsburgh Summit

This session will provide a general overview of the implementation of the G20 commitments agreed to in Pittsburgh, Penn., US in September 2009 on the regulation of OTC derivatives markets, including transparency and reporting, centralized trading, central clearing, margining, and capital effects of market rules.

Related IOSCO Objective: Ensuring that markets are fair, efficient and transparent

•      Moderator: Steve Kennedy (Global Head of Advocacy, ISDA)

•      Paul Willis (Technical Specialist - Commodities/Derivatives/Markets Policy/Strategy & Competition, FCA UK)

12:45 p.m. | Lunch

2:00 p.m. | Enforcement and Investigation: Tools and Resources

Enforcement of rules is critical to the effectiveness of the regulatory process. This session will provide a discussion of successful enforcement strategies and tools. Practical examples from recent enforcement cases in a number of jurisdictions will be covered.

Related IOSCO Principle: C – Principles for the Enforcement of Securities Regulation

•      Moderator: Andrew J. Kriegler (President and Chief Executive Officer, Investment Industry Regulatory Organization, Canada)

•      Corinne Andrea Riguzzi (Head Exchange Regulation, SIX Exchange Regulation AG, Switzerland)

•      Christophe Caillot (Directorate of Investigations and Controls, AMF France)

•      Luiz Felipe Amaral Calabró (Executive Manager-Chief of Legal Department, BM&F BOVESPA Market Supervision)

•      Dinesh Soni (Vice President, Head of Inspection, Enforcement and Exchange Compliance, National Stock Exchange of India)

3:30 p.m.  | Coffee Break

3:45 p.m.  | Data Analytics, Analysis and Tools

Obtaining key data and applying rigorous data analytics are critical to the core mission of every regulatory organization. Learn what tools and resources can be applied to develop a sound data and analytics program for regulators.

Related IOSCO Principles: A – Principles for Regulators (8: process to monitor, mitigate and manage systemic risk); C – Principles for the Enforcement of Regulation (11: The effective and credible use of inspection, investigation, surveillance and enforcement powers and implementation of an effective compliance program)

•      Moderator: Carlo di Florio (EVP Risk and Strategy, FINRA)

•      Valentino Wotton (MD, DTCC Deriv/SERV Product Development & Strategy)

•      Suprabhat Lala (Vice President, Regulatory, National Stock Exchange of India)

5:15 p.m.  | Adjourn


Thursday, November 1, 2018 | 9 a.m. to 5 p.m.

9:00 a.m.  | Cybersecurity

In light of the almost daily news about information systems security breaches at public and private institutions and the significant threat and damage these breaches could cause to the financial system and market participants, cybersecurity has become an important priority. Hear how the industry is responding and what regulators can do to promote sound cybersecurity practices.

Related IOSCO Principles: G, H, I – Principles for CIS, Intermediaries and Secondary Markets (24: organization; 25: protection of client assets; 31: organization and risk management, 38: fair, effective and efficient and reduction of systemic risks)

•      Moderator: Peter Salmon (Chair of the AMCC WG on Investment Management Cybersecurity and Senior Director, Operations and Technology, ICI)

•      Thomas Deinet (Member of the AMCC WG on Asset Management Cybersecurity & Executive Director, SBAI)

•      Mark Morrison (SVP and Chief Security Officer, OCC) 

•      Greg Wood (SVP, Global Industry Operations and Technology, FIA)

10:30 a.m. | Coffee Break

10:45 a.m. | Surveillance

Hear about market and investment fund surveillance methods used by authorities and how regulators develop and implement risk assessment programs. In addition, learn best practices in effective market surveillance by walking through real life case studies that cover how the situations were identified, the data was analyzed, and other important aspects of the cases.

Related IOSCO Principle: Related IOSCO Principle: I – Principles for Secondary Markets (34: supervision of exchanges and Trading Systems; 36: detection and deterrence of manipulation and other unfair trading practices)

•      Moderator: Karen Wuertz (AMCC Chair and Senior Vice President of Strategic Planning and Development, NFA)

•      Michel Janna (President, AMV Columbia)

•      Guilherme Benaderet (Chief Supervision Officer, ANBIMA)

12:15 p.m. | Lunch

1:30 p.m.  | Roundtable Session: Spanning the Bridge in Ethics

Discuss how giving voice to value brings a practical toolkit for regulators and practitioners in dealing with malpractice.

Related IOSCO Objective: Protecting Investors

 •      Josina Kamerling (Head Regulatory Outreach, CFA Institute, USA)

2:45 p.m.  | Coffee Break

3:00 p.m.  | Retail Protection Measures: How are Regulators Protecting Customers in the Retail Space?

Protection of retail investors is critical to our regulatory mission. Learn about innovative programs regulators use to educate customers, prevent fraud, and provide extra assistance to vulnerable populations both by monitoring firms and by empowering retail customers. Topics will include how regulators are addressing the challenges of initial coin offerings and virtual currencies aimed at retail investors, regulator alerts, helplines, intervention regarding product distribution, and unique online techniques used to educate customers.

Related IOSCO Objective: Protecting investors

•      Gloria Dalton (Senior Director International, FINRA)

•      Noel Maye (CEO, Financial Planning Standards Board, Ltd.)

•      Takahiro Onojima (General  Manager, Japan Securities Dealers Association)

4:15 p.m.  | Wrap-up session

5:00 p.m.  | Adjourn


*Agenda is subject to change.