Securities Finance Symposium

8.50am - 9.00am Introduction with Bob Zekraus

9.00am - 9.30am
Market Perspective

An in-depth exploration of facts and figures spanning the securities finance food chain. Delving into global market trends, Hazeltree's Tim Smith offers a comprehensive overview of the current landscape. He dissects the unique demands emanating from hedge funds, highlighting distinctions from traditional institutional lender approaches. Tim sheds light on swaps versus physical trends and provides examples of long and short crowdedness. He unravels the multifaceted nature of hedge fund strategies and their profound impact on securities lending demand.

Speaker
Tim Smith
Managing Director, Data Insight, Hazeltree

9.30am – 10.20am
The rise of regulatory reporting

Discover the latest in regulatory reporting at our essential panel discussion, where we will navigate the evolving financial landscape. In 2024, the ECB's Money Market Statistical Reporting expands to include 24 additional banks, necessitating reporting on repos, buy/sell-backs, cash-driven securities loans, OIS swaps, FX swaps and unsecured euro borrowing and lending. The SFTR review and Refit looms, while the US market awaits SEC 10c-1 Securities Lending Trade Reporting which is set to go live at the beginning of 2026, and the OFR’s Non-centrally Cleared Bilateral Repo reporting is also imminent. Join our panel discussion for insights into this regulatory shift and stay ahead of compliance requirements.

Moderator
Tim Smith
Managing Director, Data Insight, Hazeltree

Panellists
Igor Kaplun
Global Head of Business Development, S&P Global Market Intelligence Cappitech

Jonathan Lee
Senior Regulatory Reporting Specialist, Kaizen

Michael McAuley
Managing Director and Global Head of Regulatory Strategy, Industry Affairs, and Tax, BNY Mellon

11.00am – 11.50am
Repo market outlook: towards the top of the tightening cycle

After an extended period of excess liquidity, central bank monetary tightening has reshaped repo market positioning and offered more attractive yield opportunities for cash lenders. Panellists discuss the outlook as we move towards the top of the tightening cycle. Additionally, they will delve into the implications of changes to bank capital rules, the SEC requirement for mandatory central clearing, and new opportunities presented by product and technical innovation across the repo lifecycle.

Moderator
Shiv Rao
Sunthay

Panellists
Sal Giglio
President and Chief Revenue Officer, GLMX

Travis Keltner
Head of Secured Financing, State Street

11.50am – 12.40pm
T+1: the pivotal factors shaping a transitioning landscape

The deadline for the transition to T+1 in the US, Canada and Mexico is rapidly approaching. On 28 May 2024, trades will settle more swiftly on one side of the Atlantic. Our panel of experts will examine this impending transition, exploring the rationale behind T+1 and its potential to mitigate credit, market and liquidity risks. Panellists will discuss the challenges and opportunities presented by T+1, highlighting the critical role of technology readiness. They will emphasise the need for firms to overhaul manual processes and upgrade settlement culture. Additionally, geographical considerations and client-centric approaches will emerge as the pivotal factors shaping the transitioning landscape.

Moderator
Vinod Jain
Strategic Advisor, Capital Markets, Datos Insights

Panellists
Mike Norwood
Director and Head of Trading Solutions, EquiLend

Tom Poppey
Head of Product Strategy, Securities Lending, Brown Brothers Harriman

Nancy Steiker
Senior Director, Global Securities Finance Product Management, FIS Trading and Processing, FIS

Thomas Veneziano
Product Director, Head of NAM Product, Pirum Systems

Colleen Stapleton
Product Manager, MarketAxess

2.00pm – 2.50pm
The evolving world of securities finance

This panel discussion will delve into the evolving landscape of securities finance, focusing on new trading venues and routes to market. Panellists will address crucial questions shaping the industry's dynamics: routes to market - how should securities loans be traded and settled efficiently in today's marketplace? Platform selection - assessing the optimal number of platforms for both lenders and borrowers to maximise market access and liquidity. Access and participation - who should have access to these platforms and what mechanisms should be in place to ensure fair and equitable participation? This session will reflect on the future direction of the securities finance industry and what this will mean for market participants.

Moderator
Gavin Marcus
Head of Sales Americas, S&P Global Market Intelligence Cappitech

Panellists
Divyesh Bhakta
CEO, FinOptSys

James Curtis
VP, US Agency Lending Trading, Fidelity Investments

Robert Sackett
Head of Prime Financing, Clear Street

Anthony Toscano
EVP & Head of Global Securities Lending Solutions in North America, MUFG Investor Services

2.50pm – 3.45pm
Securities finance leaders in lending

The leaders in lending panel explores the current trading landscape, examines the drivers of opportunities and assesses specials trading health, as well as the impacts of monetary policy. While the panel analyses the implications of challenges, trends and regulation on the trading scene, the speakers will also dissect the importance of current and future technology in shaping the ongoing development in the trading market.

Moderator
Nancy Allen
Managing Director, Head of Data & Analytics Solutions, EquiLend

Panellists
Sarah Holmes
Global Head of Securities Lending, Brown Brothers Harriman

Oberon Knapp
Executive Director, Participant Solutions, Head of Securities Lending, OCC

Taryn Siglain
Global Head of Prime Services, State Street

Craig Starble
Chief Executive Officer, eSecLending

Nehal Udeshi
Managing Director, Head of Securities Finance, BNY Mellon Markets