European Compliance and Legal Conference | afme

European Compliance and Legal Conference

19 - 20 Sep 2017 De Vere Grand Connaught Rooms, London


Tuesday 19 September

19:00 - 22:00

AFME European Compliance and Legal Dinner 
After dinner speaker: Catherine McGuinness, Policy Chairman, City of London Corporation
Introduced by: Simon Lewis OBE, Chief Executive, AFME

Wednesday 20 September


Registration and refreshments


Welcome and introduction

James Kemp, Managing Director, Global FX, Technology and Operations and Policy Divisions, GFMA and AFME
Bharat Samani, Managing Director, Head of Compliance UK and Europe, BBVA, Co-chair, Compliance Committee, AFME


Morning keynote session

Keynote Speakers:
Verena Ross, Executive Director, ESMA
Tilman Lüder, Head of the Securities Markets Unit, European Commission

Introduction and Q&A moderator: 
James Kemp, Managing Director, Global FX Division, Technology and Operations and Policy Divisions, GFMA and AFME


Morning plenary session

Brexit - Implications for the future of wholesale banking

  • what are the timing implications and interaction with proposed legislation and ongoing implementation of regulation?
  • what will be the key measures to avoid a Brexit “cliff edge”?
  • what is the outlook for the City of London and its relationship with the EU27?
  • what are the prospects for third-country equivalence regimes post-Brexit?

Simon Lewis OBE, Chief Executive, AFME

Patrice Aguesse, Head of Markets Regulation Division, Regulatory Policy and International Affairs Department, Autorité des marchés financiers (AMF) 
Chris Bates,
Partner, Clifford Chance
Rodrigo Buenaventura, Director General for Markets, Comision Nacional del Mercado de Valores (CNMV)
Matt Holmes,
Managing Director, Head of Regulatory Policy, ‎Deutsche Bank
Barnabas Reynolds, Partner, Head of Global Financial Institutions Advisory and Financial Regulatory Group, Shearman & Sterling


Networking break

Regulatory stream sessions
The Cornwall Suite

Legal stream sessions
Cambria Room, 3rd Floor


Stream chair’s opening remarks
Julian Allen-Ellis, Director, MiFID/MiFIR, AFME

Stream chair’s opening remarks
Oliver Moullin, General Counsel, AFME

Regulatory session one

MiFID II – Countdown to compliance

  • remaining hurdles to implementation
  • how prepared is the industry; are there points of contention between dealers and buyside?
  • effects of the changes to transparency and transaction reporting
  • research unbundling – dealing with the EU US conflict of rules
  • equivalence

Rob Moulton, Partner, Latham & Watkins

Mitchell Gibb, Managing Director and European Head of Compliance, Stifel Nicolaus Europe
Stephen Hanks,
Manager, MiFID Coordination, Financial Conduct Authority (FCA)
Tilman Lüder, Head of the Securities Markets Unit, European Commission 
Elisa Menardo, Director, Public Policy Europe and UK, Credit Suisse

Legal session one

Legal issues following from the Market Abuse Regulation

  • scope of market soundings
  • optional/mandatory nature of regime
  • practical issues associated with compliance
  • extraterritorial impact of MAR
  • investment Recommendations regime
  • areas of uncertainty in relation to Article 20 scope and impact


Nikunj Kiri, Partner, Linklaters

Mark Bicknell, ‎Managing Director and Associate General Counsel, Bank of America Merrill Lynch
Carlo Milia, Market Abuse Investigation Unit, CONSOB
Mathew Roche,
EMEA Head of Banking and Syndicate Compliance, Barclays Investment Bank


Regulatory session two

Compliance officers' liabilities and implementing ongoing culture changes in your business 

  • how has financial services culture changed in the new era of personal accountability?
  • can and should culture be regulated? What is the appropriate role of regulation, supervision and enforcement in defining culture?
  • are we making real progress in the use of big data, artificial intelligence and behavioural analysis reduce exposure to misconduct?
  • how will the increased spotlight on culture shape the future role of compliance officers?
  • is too much resource going into inventories of regulation and not enough into the risk mitigation?
  • should more Compliance officers be investigated and disciplined by regulators?

Andrew Procter
, Partner, Financial Services Regulatory, Herbert Smith Freehills

Richard Brearley, ‎Head of Compliance EMEA, Macquarie
Simone Ferreira, Head of Wholesale Banking Department, Financial Conduct Authority (FCA)
Jacqueline Joyston-Bechal, Head of Compliance EMEA, The Bank of New York Mellon
Enda McMahon, EMEA Head of Compliance, BlackRock

Legal session two

Legal challenges arising from operational resilience and continuity requirements

  • micro and macro approach to the PRA operational resilience programme
  • legal considerations for European banks
  • the need for global coordination and cooperation
  • cyber risk within the operational resilience agenda

Kate Sumpter, Partner, Allen & Overy

Charles Forde, Global Head of Outsourcing and Third-Party Risk, UBS
Marta Garcia Salvador,
‎Senior Manager, Recovery and Resolution Planning, ‎Bank of America Merrill Lynch
Andrew Lodge, ‎
Head of Resolution Execution Division, Bank of England


Networking lunch


Stream chair’s opening remarks
Richard Hopkin, Managing Director, Head of Fixed Income, Capital Markets, AFME

Stream chair’s opening remarks
Richard Middleton, Managing Director, Co-Head of Policy Division, AFME

Regulatory session three

Global policy and regulatory landscape

  • international harmonisation – Regulatory Coherence
  • global Legal and Compliance Challenges on the horizon – 2019-2021
  • conflicts of Law: Cross Border Negotiations

Allison Parent, Executive Director, GFMA

James Chew, Global Head, Regulatory Policy, HSBC
Caroline Meinertz
, Partner, Clifford Chance
Tara Rice, Member of Secretariat, Financial Stability Board
Stephen Strombelline
, Managing Director, Capital Forensics

Legal session three

Implications of the General Data Protection Regulation for the financial services industry

  • what GDPR means for banks and are firms compliant with less than one year to go?
  • views on European Commission initiatives for building a European data economy
  • legal, practical and other barriers which hinder the free flow of data in the EU
  • third countries in the context of financial services and financial crime

Paul McCormack, Senior Legal Counsel and Global Lead for Digital, HSBC

Vivienne Artz, Managing Director, Global Head of Privacy Legal, Head of International IP and O&T Law Group, Citi
Mathew Keshav Lewis, 
SVP, Co-head, Regulatory Practice, Axiom Law
Alessandra Pierucci, Representative of Service for EU and International Matters, The Italian Data Protection Authority


Regulatory session four

Simple Standard and Transparent Securitisation: issues of interpretation, liability, sanctions and certification

  • status of STS within the European legislative process
  • will STS be adopted as a global standard, or will it remain purely European?
  • how does a deal qualify as STS? Who qualifies it? Would it affect the credit rating of a deal?
  • future of the new framework for securitisation and becoming STS compliant


Anna Bak, Manager, Securitisation, AFME

Ian Bell, Head of the PCS Secretariat, PCS
Richard Jones, 
Partner, Slaughter & May
Janet Oram
, Head of European ABS, BlackRock
Damian Thompson, Managing Director, Head of UK FI Origination & Solutions, NatWest Markets


Legal session four

Tackling financial crime – understanding new rules, including 4MLD and implementing change

  • corporate crime offence: implementation issues and extraterritorial scope
  • lessons learned from 4MLD
  • defining and identifying correspondent relationships

Rajiv Kapur, Executive Director, Financial Crime Compliance, Goldman Sachs

Fiona Cole, Director, MLRO, ING
Susannah Cogman
, Partner, Herbert Smith Freehills 
Jonny Medland, Senior Policy Adviser, HM Treasury


Networking break


Afternoon keynote session
Trends in enforcement and lessons for the industry

Keynote Speaker:
Mark Steward, Director of Enforcement and Market Oversight, Financial Conduct Authority (FCA)

Introduced by: Will Dennis, Managing Director, Head of Compliance, AFME


Plenary session
Navigating regulations, codes and best practices

  • discussion on the growing trend towards codes and best practices
  • understanding the differences
  • legal viewpoint
  • increased enforcement against individuals?
  • how might firms and individuals approach this?

Will Dennis, Managing Director, Head of Compliance, AFME

Martyn Hopper, Partner, Linklaters 
Mark Steward
, Director of Enforcement and Market Oversight, Financial Conduct Authority (FCA)
Mark Yallop, Chair, FICC Markets Standards Board


Plenary session

RegTech, FinTech and Surveillance - How will developments in technology impact compliance and litigation?

  • how new innovations in technology are redefining banking
  • how regulators are responding to the increased use of RegTech & surveillance
  • opportunities and challenges for compliance professionals as RegTech use gathers pace
  • outsourcing considerations, best practices for effective controls and testing FinTech suppliers
  • will, and should, we see cross industry cooperation in surveillance

Lucy McNulty, ‎Financial Regulation and Brexit Correspondent, Financial News, Dow Jones

Alexandra Givry, ‎Head of the Market Surveillance, Autorité des marchés financiers (AMF) 
Jean-Marc Guiteau, Chief Compliance Officer and Member of Executive Committee, BNP Paribas Securities Services
Jeewon Kim Serrato, Counsel and Co-head of Global Privacy and Data Protection Practice, Shearman & Sterling 
Dr Mike Lynch, Founder, Invoke Capital

Chair's closing remarks

Drinks reception

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