Cross Border Regulatory Compliance
Gain an understanding of new regulatory challenges and how compliance confusion affects your capital markets business
6-7 Mar 2016
Abu Dhabi, United Arab Emirates
- Why You Should Attend
Cross Border Regulatory Compliance
To ensure we meet your expectations and maximise your return on training investment, we favour a classroom/workshop style set up for the delivery of our courses. Please note we have therefore limited number of spaces available and these will be assigned on a first come, first accepted basis. We recommend early booking to avoid disappointment.
Learn how cross border controls can be used as an effective risk management tool
How will you benefit?
Greater regulatory transparency is a key public policy goal that was codified at the September 2009 Pittsburgh G-20 summit. Over the past several years, much work has been undertaken to achieve this goal globally. Laws were passed, regulations were issued across jurisdictions, trade repositories were established and reporting processes were implemented for cross-border trading.
Today, the vast majority of over-the-counter derivatives trades are in fact reported and additional jurisdictions are still going live with their own unique spin on clearing rules. Despite this seeming progress, major challenges remain. Regulators, for example, continue to lack a true picture of risk in individual jurisdictions because of incomplete and inconsistent trade data. On a global level, this means that efforts to aggregate data (and risk exposures) remain little more than a dream.
Market participants face costly, duplicative and conflicting trade reporting rules. Trade repositories have the unenviable task of collecting and standardizing data from multiple sources for multiple jurisdictions. To help cut through the roadblocks and obstacles that are delaying further progress, we have developed key principles and action steps that all stakeholders should consider and align with in order to improve regulatory transparency
Despite the seeming progress made in reporting derivatives trades, questions remain. requirements differ across jurisdictions; some data requirements are not clearly defined; standardized reporting formats have not been adopted quickly or broadly enough, there is a lack of agreement as to how some data reporting requirements should be standardized or harmonized across jurisdictions; and there is a lack of commitment (for several reasons) among stakeholders in the process to drive and achieve consensus in these areas.
Fortunately, all of these issues have solutions. Some solutions will be easier to implement than others. And the active support and cooperation of a range of stakeholders – regulators, market participants and infrastructure providers – is vitally important to making these solutions a reality.
About your expert trainer:
Sol Steinberg is an OTC Markets Subject Matter Expert that specializes in Risk Management, Regulation, Market structure, Collateral, Valuation, Financial Technology Systems, and commercialization efforts. Sol is the founding principle of his firm, OTC partners. OTC partners is a boutique value add firm based in New York that specializes in research, content, and business development. In 2014 OTC partners developed numerous leading research reports on the global capital markets and has help lead the China's OTC market evolution in Beijing, Shenzhen, Jinan, as well as LATAM, and Europe.
Before starting OTC Partners Sol was a senior executive at the world’s leading clearing house LCH. Clearnet. Sol also spent nine years on the buy side and Citi, performing product development, risk management, and valuation for the OTC markets. Sol has a wide-ranging network of asset managers, analytic providers, execution venues, regulatory, and government contacts. He used his eco system to successfully commercialize analytics, data, and other non commercialized intellectual property. He brought to market several initiatives, including institutional and commercial risk engines such as SMART tool, Risk Explorer, Global Market Risk System for Citi: the largest VaR engine in the world from 2004 to 2006, as well as developing CCP2 – a derivative education & certification program for leading consultancies.
Sol also contributed to OTC industry’s clearing and default management policies for the cleared OTC swap markets as well as contributed to industry standard risk analytics in times of low market rates.
• Waters Magazine’s award “Best risk analytics initiative 2012” & “Best risk analytics initiative (Sell Side) 2013”
• FTF’s award for “Most cutting edge risk contribution 2013” for developing the SMART risk analytics tool.
• Global nominee in 2012 for “Best Practices in Global Financial Risk Management” from PRMIA, Professional Risk Managers International Association.
A detailed questionnaire will be sent to all course participants to establish exactly where the group training needs lie. The completed forms will be analysed by the course leader/trainer and followed by telephone if further clarification is required. As a result we can guarantee that the course is pitched at exactly the right level and that the issues that you regard as relevant are addressed. The course material will reflect these issues and will enable you to digest the subject matter after the event in your own time.
Who should attend?
From Banks, Exchanges, Clearing houses, FCMs, Financial technology, & Fund Managers:
• Sell Side bank executives, Credit/ Interest rate risk managers
• Fixed Income / Rates / Credit Trading Desks members
• Collateral functions
- Why Choose GFMI marcus evans?
marcus evans specialises in the research and development of strategic events for senior business executives. From our international network of 63 offices, marcus evans produces over 1000 event days a year on strategic issues in corporate finance, telecommunications, technology, health, transportation, capital markets, human resources and business improvement.
Above all, marcus evans provides clients with business information and knowledge which enables them to sustain a valuable competitive advantage and makes a positive contribution to their success.
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- Event Contact
For all enquiries regarding speaking, sponsoring and attending this conference contact:
Safak Egemen Pippen
11 Connaught Place
Telephone: +61 (2) 9223 2137
Fax: +61 (2)8088 6090