2nd Annual European Compliance and Legal Conference | afme

2nd AnnualEuropean Compliance and Legal Conference

01 - 02 Oct 2018 etc venues St Paul's, London

Agenda

The conference agenda will appear here shortly.

For speaker opportunities please contact James Hodgson at james.hodgson@afme.eu or on +44 (0) 20 3828 2695.

Monday 1 October

08:30

Workshop registration and refreshments

09:00

Specialist workshop: UK IPO reform

  • how will the FCA’s proposals improve the timing, sequencing and quality of information being provided to market participants in the UK IPO process?
  • what is the appropriate role of the connected research analyst in the UK IPO process?
  • overview of the current controls and procedures regarding pre-mandate connected research analyst interactions with issuers, financial sponsors, other shareholders and corporate finance advisers
  • response and recommendations for reform

Moderator: Andrew Brooke, Director, Equities Capital Markets, AFME

Panellists: Mark Bicknell, Managing Director and Associate General Counsel, Bank of America Merrill Lynch

Specialist workshop: Corporate criminal offence of failing to prevent tax evasion

  • background to the offence
  • building and running a compliant programme and procedures
  • investigating and reporting of breaches
  • defending prosecutions

Moderator: Rajiv Kapur, Executive Director - Risk & Policy Group, Financial Crime Compliance, Goldman Sachs

10:00

Conference registration and refreshments

10:30

Conference opening remarks and introduction of keynote speakers

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

10:40

Keynote address MiFID II implementation and experiences from a supervisory authority perspective

Elisabeth Roegele, Chief Executive Director of Securities Supervision, Federal Financial Supervisory Authority (BaFin)

11:00

Keynote address

Robert Ophèle, Chairman, Autorité des Marchés Financiers (AMF)

11:20

Keynote Q&A

Robert Ophèle, Chairman, Autorité des Marchés Financiers (AMF)
Elisabeth Roegele, Chief Executive Director of Securities Supervision, Federal Financial Supervisory Authority (BaFin)

11.50

Plenary panel discussion
Brexit - outlook for financial services roundtable
Six months to go, how clear are the terms of a Brexit agreement, what is the future for European capital markets?

  • what are the key outstanding issues for financial services?
  • what framework would best support growth across Europe?
  • what does the future regulatory outlook for cross-border financial services look like?
  • what are the practical implications and considerations which banks should be considering at this stage?
  • what needs to be done during transition?
12:40

Networking lunch

13:40

Brexit legal stream
Legal challenges ahead of March 2019 and beyond 

  • preparations for March 2019
  • contractual continuity and repapering
  • access to financial markets infrastructure
  • regulatory uncertainty – impact on MiFID

RegTech and surveillance stream
Dealing with data

  • how can predictive analytics and machine learning help manage and utilise vast data volumes?
  • how will e-discovery technologies and data analytics affect surveillance and investigations, both internal and external?
  • challenges of terminology - are tech, trading and compliance speaking the same language?
  • impact of GDPR on data processing and transfer?
  • cost implications of effective surveillance and data management
  • ensuring adequate vendor oversight, understanding the risks and consequences of a breach
  • opportunities in pooling company data to identify patterns and predict future behaviours and trends
  • automated rule books

Global policy stream
US compliance and regulations update – EU market comparisons and implications

  • assessing the forward US financial markets regulation agenda
  • impact of OFAC sanctions and requirements on European firms
  • opportunities for regulatory harmonisation through the Joint EU-US Financial Regulatory Forum
  • how does the role of the Chief Compliance Officer compare across the Atlantic?
  • what can European banks expect in the coming years based on past US experiences?
14:30

Interval

14:40

Brexit legal stream
Case studies - business models post-Brexit

 

RegTech and surveillance stream
Overseeing AI and algo-trading

  • how should we define algo-trading and AI in the context of financial services?
  • examples of applications of AI in financial services
  • how do compliance officers address the challenges of overseeing computer programmes over human behaviour?
  • how do you govern models for trading or portfolio management?
  • what are the tech and people requirements for adequate surveillance? Can only a machine monitor a machine?
  • what can be learned from the PRA consultation on governance and risk management algo-trading?

Global policy stream
Policy and regulatory trends in Asia

  • global trends and regulatory changes impacting Asian markets
  • ASEAN enforcement trends and related risks
  • harmonisation and standardisation of regulations and practices within Asian markets
  • will we see greater adoption of G20/European/American regulatory standards across the region?
15:30

Networking break

16:00

Introduction of afternoon keynote speaker 

16:05

Afternoon keynote address

16:35

Closing plenary panel discussion
European regulatory outlook

  • experiences with MiFID II and MAR - what are the outstanding implementation and enforcement issues and solutions?
  • how have regulatory reforms been applied across European countries, will we see a more homogenous approach?
  • practical challenges of increased complexity of the regulatory framework and transaction reporting
  • prospects for the review of PRIIPs - impact on corporate bond markets and how have private banks managed the pre-existing stock
  • regulatory justification - are new regulations providing meaningful information, identifying behavioural patterns and detecting market abuse
  • supervisory structure - what do the ESA review and Brexit mean for existing and future financial markets regulation
17:25

Conference day one closing remarks

17:30

Networking drinks

18:00

Close of day one

Tuesday 2 October

08:30

Registration and refreshments

09:00

Conference day two opening remarks and introduction of keynote speaker

09:10

Morning keynote address

Charles Randall, Chairman, FCA

09:50

Presentation: AFME Report – The Future of the Compliance Function 

10:10

Morning plenary panel discussion
Evolution of the Compliance and Legal functions
In times of increasing regulatory complexity, cultural scrutiny, surveillance and Brexit, what are the top priorities on the wholesale banking compliance risk radar and what are the expectations of a modern compliance framework for 2018 and beyond?

  • how is the financial services industry changing and what does this mean for banks’ compliance and legal functions?
  • overview and analysis of regulators guidance on the compliance function in wholesale banks
  • which challenges will most impact the role, structure and strategy of compliance divisions for the next 5-10 years?
  • what are the skill sets required to populate the legal and compliance teams of the future?
  • at what point do we stop rewiring and start rebuilding – do we need a new blueprint for compliance?
  • the role of technology in compliance and legal teams - will robots replace staff?

Panellists:
Simone Ferreira, Head of Wholesale Banking Department, Financial Conduct Authority
Jacqueline Joyston-Bechal, Head of Compliance EMEA, The Bank of New York Mellon

11:00

Networking break

11:30

EC legal proposal stream
Impact of the European Commission proposal for Whistleblower protection

Stream opening remarks: Richard Middleton, Managing Director, Co-Head of Policy Division, AFME

  • defining the parameters of whistleblowing
  • overview of the Commission’s proposal for a whistleblower protection framework
  • mapping existing national requirements to firms’ global structures
  • lessons learned from recent cases and implications for financial services cases
  • the challenge of anonymous reporting, and crossover with certain GDPR provisions

Moderator: Fiona Willis. Manager, Global FX and Compliance, AFME & GFMA

Financial crime stream
Surveillance, AML, KYC and data security

  • staying ahead of the changing threats in financial crime, regulator and industry views
  • issues in due diligence, beneficial ownership, transparency and correspondent banking
  • finding workable, efficient and safe balance between 4MLD and GDPR
  • how can artificial intelligence be used to combat money laundering and data breaches?
  • looking ahead to 5MLD - what can be built on and what can be learn from 4MLD?

Conduct and codes stream
Conduct, certification and culture

Stream opening remarks: Will Dennis, Managing Director, Co-Head of Policy Division, AFME

  • what have banks done to increase engagement and accountability
  • are we moving from a compliance culture to an ethical culture?
  • can culture be measured, and does it need to be to be managed?
  • what does the extension of SMCR mean for wholesale banks, asset managers and smaller financial services firms?
  • use of remuneration or compensation tools to address misconduct risk - how to use carrot and stick to address misconduct
  • what is a reasonable role for regulators in governance and incentives of cultural reform?

Panellists:
Emma Badman, UK, Middle East & Ireland Regional Head of Compliance, Managing Director, Compliance, ING
Olinka Kelcikova, Compliance Manager, Arbuthnot Latham

12:20

Networking lunch

Press briefing  - Stream Room C

13:10

EC legal proposal stream
Competition law and antitrust

  • how should a robust global competition compliance programme be established?
  • what do banks need to do to detect and prevent anti-trust?
  • who is responsible for competition compliance?
  • how do different regulators vary in the approach to investigations and sanctions?
  • who is liable for passive receipt of information?
  • recent case studies, methods and results of detection and case law examples
  • AFME guidance on compliant industry meetings

Financial crime stream
Cyber-resilience and cryptocurrencies

  • how do blockchain and other fintech affect current cyber-resilience frameworks?
  • how real is the potential rise of cryptocurrencies and how will it impact legal and compliance officers?
  • how do firms achieve immediate detection without hindering normal activity?
  • what are the key elements of a resilient and efficient cyber risk programme?
  • how significant is cyber security to overall operational resiliance?
  • what are the regulatory and governance approaches to cross-industry building cyber resilience

Conduct and codes stream
Recognition and enforcement of industry codes & standards

  • should there be a process whereby an industry code can be recognised and enforced by a regulator and what would recognition mean?
  • how should codes be enforced, and could regulatory oversight discourage the creation of future codes?
  • do market codes contribute to or help manage increased complexity and compliance burden?
  • has the FMSB enhanced standards of behaviour in FICC markets?
  • has the Global FX code contributed to ensuring the market is operating fairly and effectively?
  • do market codes create conflict of laws and extraterritoriality issues?

Moderator: Will Dennis, Managing Director, Co-Head of Policy Division, AFME

Panellists: Gerry Harvey, Chief Executive Officer, FICC Markets Standards Board (FMSB)

14:00

Networking break

14:30

Introduction of afternoon keynote speaker 

14:35

Afternoon keynote address

15:05

Closing plenary panel discussion
Building a culture of inclusion to reflect a balanced and diverse workplace

  • will the Women in Finance Charter help address transparency and accountability for equality programmes?
  • what are the new initiatives in equality and diversity which firms should identifying and proposing?
  • how should financial services companies implement change and restructure?
  • considerations for HR practices, compensation and bonus culture

Moderator:
Vivienne Artz, President, Women in Banking and Finance

Panellists:
Linda Bellos, OBE, Equality Law Specialist, Former Chair, Institute of Equality and Diversity Professionals

15:55

Conference closing remarks

16:00

Networking drinks reception

17:00

Conference close