As the services our industry provides become increasingly commoditized – clearing, settlement, custody, collateral management, fund processing are just some cases in point – new and more nimble players are entering the spaces the industry once defined and are now cherry-picking the high value business lines that the industry has worked hard to establish.
The challenge for infrastructure service providers is to establish a coherent set of strategies – business, technological and relational – that ensure continued growth in value for their clients, their clients’ clients and, ultimately, the end investor. Is this a realistic goal for the industry to achieve?
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SIX Securities Services
Join SIX Securities Services, one of Europe’s most innovative post-trade service providers, to discuss the “hunt for value” at the SIX Securities Services Post-Trade Forum.
7 December 2017
147 Leadenhall Street
London, EC3V 4QT
Registration & Coffee
Welcome & Keynote Address
How the hunt for value is transforming the post-trade agenda
With Brexit on the horizon, an increasingly coherent Europe, an explosion in alternative technologies, a rise in global market optimism and growing pressures to continue to manage costs, the European post-trade industry is confronted with a number of key questions. Foremost among these is the question of value. As the services our industry provides become increasingly commoditized – clearing, settlement, custody, collateral management, fund processing are just some cases in point – new and more nimble players are entering the spaces the industry once defined and are now cherry-picking the niche high value business lines that the industry has worked hard to establish. The challenge for infrastructure service providers is to establish a coherent set of strategies – business, technological and relational – that ensure continued growth in value for their clients, their clients’ clients and, ultimately, the end investor. Is this a realistic goal for the industry to achieve?
Speaker & Host
Valerio Roncone, Head Markets & Clients, Member of the Management Committee, SIX Securities Services
The hunt for value: Has the existing correspondent banking model now run its course?
With industry competitors taking on a number of different forms – big-tech, new-tech, hybrid-tech – without the burden of legacy systems, is it now time to question the fundamentals of how our industry operates? For decades, the correspondent and transaction banking models have served the post-trade industry well, but with increased oversight, continued cost pressure and more demanding clients the challenge now is to fundamentally and profoundly reshape the way we work. But what form would this take? How does an industry that has grown to gigantic proportions even begin to address these challenges?
Richard Schwartz, Global Custodian
Alan Cameron, BNP Paribas Securities Services
Harald Kreuzmair, Raiffeisen Bank International
Thorsten Peisl, RISE Financial Technologies
Markus H Ruetimann, Hardy London Limited
The hunt for value: Clearing and Collateral Management – where to from here?
Research by SIX Securities Services indicates that a majority of surveyed industry experts believe that most OTC derivatives transactions remain uncollateralized. This revelation, coupled with the additional concern that collateral and High Quality Liquid Assets (HQLA) are inappropriately priced – contribute to a widespread belief that there is a significant shortfall in HQLA. All of which raises the question – where to from here?
Peter Randall, SETL.io
Robert Barnes, London Stock Exchange
Federico Becerra, ICE Clear Europe
Zorawar Singh, Deutsche Bank
Roger Storm, SIX Securities Services
Closing Keynote Speech
by FIL, IT Security Expert, identity withheld for security reasons.
In today’s world, enterprises, banks and organizations invest a lot of money in protecting their assets and data. Modern firewalls, virus protection programs, encryption are designed to safeguard against system failures, industrial espionage and data theft. But is this enough? Are concepts, checklists and contingency plans that are based on previous experience or were drawn up by someone some time in the past sufficient? What resources are you investing in order to protect your business and its most vulnerable assets as well as justify customer confidence? In his lecture, FIL demonstrates how he and his RED TEAM identify and uncover the most serious system vulnerabilities. You will be surprised to discover where the security gaps lie – especially if you believe you have already identified all the flaws in your hard- and software. You will also be surprised to find out how simple ideas rather than a huge investment of resources can improve your data security.
FIL, RED TEAM