2nd Annual European Compliance and Legal Conference | afme

2nd AnnualEuropean Compliance and Legal Conference

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


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

Monday 1 October


Workshop registration and refreshments


Specialist workshop: UK IPO reform

  • how have the new rules impacted the timing, sequencing and quality of information being provided to market participants in the UK IPO process?
  • how are connected research analysts obtaining access to the IPO process?
  • overview of the rules governing connected research analyst interactions with issuers, financial sponsors, other shareholders and corporate finance advisers

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

Panellists: Mark Bicknell, EMEA Equity Capital Markets Counsel, 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, EMEA Head of Risk and Policy Group, Financial Crime Compliance, Goldman Sachs

Jonathan Stone, Managing Director, EMEA Head Financial Crime, Nomura
Richard Vause, Senior Policy Advisor, Centre for Offshore Evasion Strategy, HMRC


Conference registration and refreshments


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


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)


Keynote address

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


Keynote Q&A

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


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?

Moderator: Simon Lewis OBE, Chief Executive Officer, AFME

Chris Bates, Partner, Head of Financial Regulatory Practice, Clifford Chance
Barnabas Reynolds, Head of Financial Institutions Advisory and Financial Regulatory, Shearman & Sterling


Networking lunch


Brexit legal stream

Stream opening remarks:  Oliver Moullin, Managing Director, Brexit & Head of Recovery & Resolution, AFME


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

Moderator: Kate Sumpter, Partner, Allen & Overy

Thomas Donegan, Partner, Financial Institutions Advisory & Financial Regulatory Practice, Shearman & Sterling
Laura Muir, Managing Director Head for Strategy and Bank Structure, Barclays
Senior Representative, Bank of England


RegTech and surveillance stream

Stream opening remarks: Louise Rodger, Director, Compliance, AFME 


Dealing with data

Stream opening remarks: Louise Rodger, Director, Compliance, AFME

  • 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

Paul Clulow-Phillips, Global Head of Capital Markets Surveillance, Societe Generale


Markets policy stream
PRIIPs regulation

  • what has been the impact of PRIIPs on corporate bond markets?
  • how have private banks managed the pre-existing stock of corporate bonds?
  • what are the prospects for a review of PRIIPs?

Nicola Higgs, Partner, Latham & Watkins

Nicola Higgs, Partner, Latham & Watkins
Elisa Menardo, Director, Public Policy Europe and UK, Credit Suisse




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?

Nicola Kerr-Shaw, Intellectual Property and Information Technology, BNP Paribas


Markets policy stream
Benchmarks - Policy alternatives to Euribor and Libor


Networking break


Plenary panel discussion: Global policy, compliance & regulatory update

  • 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
  • global trends and regulatory changes impacting Asian markets
  • ASEAN enforcement trends and related risks
  • will we see greater adoption of G20/European/American regulatory standards across the region?

Paul Andrews, Secretary General, IOSCO


Plenary panel discussion
European financial 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
  • 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

Peter Bevan, Financial Regulation Partner, Global Practice Head Financial Regulation Group, Linklaters

Philippe Guillot, Executive Director, Autorité des Marchés Financiers (AMF)
Sophie Vuarlot-Dignac, Head of Department Legal, Convergence and Enforcement, European Securities and Markets Authority (ESMA)


Conference day one closing remarks
James Kemp, Managing Director, Global FX, Technology and Operations and Policy Divisions, GFMA and AFME


Networking drinks


Close of day one

Tuesday 2 October


Registration and refreshments


Conference day two opening remarks and introduction of keynote speaker

Michael Cole-Fontayn, Independent Chairman, AFME


Morning keynote address

Charles Randell, Chairmain, Financial Conduct Authority (FCA) 

Q&A moderator: Michael Cole-Fontayn, Independent Chairman, AFME


Presentation: AFME Report – The Future of the Compliance Function
Stuart Crotaz, Partner, Corporate & Investment Banking, EY


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?

Moderator: Karen Anderson, Partner, Financial Services Regulatory, Herbert Smith Freehills

Stuart Crotaz, Partner, Corporate & Investment Banking, EY
Simone Ferreira, Head of Wholesale Banks Department, Financial Conduct Authority (FCA)
Katsuko Ishizeki-Chaudhari, Director, Fixed Income Advisory & Regulatory Policy, Natixis
Jacqueline Joyston-Bechal, Head of Compliance EMEA, Bank of New York Mellon


Networking break


EC legal proposal stream

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


Impact of the European Commission proposal for Whistleblower protection

  • 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 and GFMA

Annegret Falter, Chairman, Whistleblower-Netzwerk
Andrew Grant, Independent Consultant, Business & IT Risk & Regulatory Advisory Services, HSBC
Elleonora Soares, Policy Officer, Coordinator Financial Markets and Services, DG FISMA, European Commission


Financial crime stream
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?

Neil Munro, MLRO, London, Societe Generale
Marco Zwick, Head of Compliance, Europe and Asia and Global Head of AML, Member of the Executive Management Committee, RBC


Conduct and codes stream

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


Conduct, certification and culture

  • 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?

Moderator: Jenny Stainsby, Partner, Global Head of Contentious Financial Services Regulatory, Herbert Smith Freehills

Emma Badman, Head of Compliance UK, Middle East and Ireland, ING
Olinka Kelcikova, Compliance Manager, Arbuthnot Latham
Mike Phillips, Head of Compliance, London, Société Générale
Dr Moritz Römer, Supervisor Expert Behaviour and Culture, De Nederlandsche Bank


Networking lunch

Press briefing  - Stream Room C


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?
  • 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

Ilaria Filippi, Director, Legal Counsel - EMEA, Sumitomo Mitsui Banking Corporation
Caroline Leckie, Global Regulatory Compliance Coordinator for CIB, Deutsche Bank


Financial crime stream

Cybercrime and effective prevention

  • how significant is cyber security to overall operational resiliance?
  • how do blockchain and other fintech affect current cyber-resilience frameworks?
  • how do firms achieve immediate detection without hindering normal activity? 
  • what are the key elements of a resilient and efficient cyber risk programme?
  • 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: Dorian Drew, Partner, Clifford Chance

Ollythia Bernard-Stewart, Executive Director, IB Compliance & Operational Risk Control, UBS Investment Bank
Gerry Harvey, Chief Executive Officer, FICC Markets Standards Board (FMSB)
Edwin Schooling Latter, Head of Department, Markets Policy, FCA
Antony Whitehouse, Head of Compliance, Natixis


Networking break


Afternoon keynote address


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

Vivienne Artz, President, Women in Banking and Finance

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


Conference closing remarks