ASIFMA Annual Conference 2014
Final Program
VENUE:

Marina Bay Sands, Singapore:
Heliconia Main Ballroom, Level 3, Sands Expo & Convention Centre

DAY 1 (Wednesday, 5 November 2014)
Global and Regulatory Topics
Morning Session (for regulators only)
08:00-09:00

Breakfast with Regulators

09:00-09:45

Closed-Door Regulator Meeting 1:
Infrastructure Financing

09:45-10:30

Closed-Door Regulator Meeting 2 :The Development of a Domestic Institutional Investor Base

10:30-10:45

Coffee Break

10:45-11:30

Closed-Door Regulator Meeting 3 :Dealing with Extra-Territorial Measures Emanating From the Developed Economies

Afternoon Session (for all conference participants)
11:30-12:30

Delegate Check-In & Buffet Lunch

12:30-12:40

Welcome Remarks
Mark Austen, CEO, Asia Securities Industry & Financial Markets Association (ASIFMA)

12:40-13:00

1st Keynote
Jacqueline Loh, Deputy Managing Director (Monetary Policy & Investment /Development & International), Monetary Authority of Singapore (MAS)

13:00-13:20

2nd Keynote
Ashley Alder, CEO, Securities and Futures Commission (SFC)(followed by short interview on stage by Rachel Armstrong, Singapore Bureau Chief,Thomson Reuters)

13:20-14:20

Panel 1: Developing a Global Regulatory Framework – Can We All Just Get Along?
 Hiromi Yamaoka, Director General, Financial Markets Department, Bank of Japan
 Patrick Pearson, Head of Unit, Financial Markets Infrastructure, EuropeanCommission
 Nick Miller, Head of International Department, Financial Conduct Authority (FCA) Jae-Ryong Jeong, Head of International Cooperation Department, Financial
Supervisory Service, Korea (FSS) Shunsuke Shirakawa, Deputy Commissioner of International Affairs, Financial
Services Agency (FSA), Japan Foo Lee Mei, Executive Director and General Counsel, Securities CommissionMalaysia
 Ashley Alder, CEO, Securities and Futures Commission (SFC) Ken Bentsen, President and CEO, Securities Industry & Financial Markets
Association (SIFMA) and CEO, Global Financial Markets Association (GFMA) &(Moderator)

14:20-14:50

Coffee Break

14:50-15:50

Panel 2: To Subsidiarise or Not To Subsidiarise? – Is That The Question?
 Melanie Beaman, Head of Department, Major UK International Banks, Prudential
Regulation Authority, Bank of England Ilhyock Shim, Senior Economist, Bank for International Settlements (BIS) Paul Landless, Partner, Clifford Chance Vicki Noblett, Vice President, Government & Regulatory Affairs, Asia Pacific,Deutsche Bank
 Carter McDowell, MD and Associate General Counsel, Securities Industry andFinancial Markets Association (SIFMA) Joseph Perry, Senior Manager, Group Public Affairs, Standard Chartered Bank Mark Austen, CEO, Asia Securities Industry & Financial Markets Association(ASIFMA) (Moderator)

15:50-16:50

Panel 3: Passporting, Mutual Recognition – Will At Long Last Funds Be Allowed To Be
Sold Cross Border in Asia?
 Ajai Kaul, CEO, Asia Pacific ex Japan, AllianceBernstein Han Ming Ho, Chairman, Alternative Investment Management Association (AIMA)
Singapore, Partner, Sidley Austin LLP Steven Billiet, CEO, Singapore, JP Morgan Asset Management
 Paul Yuen, Executive Director, Market Conduct Department, Monetary Authorityof Singapore (MAS) Hon Cheung, Regional Director, Asia, Official Institutions Group, State Street Global
Advisors (SSgA) (Moderator)

16:50-17:00

Wrap Up for Day 1

17:00-18:30

Networking Drinks

2DAY 2 (Thursday, 6 November 2014)
Morning Break-out Sessions – Global Markets Topics
Equity Focused (Stream 1)
8:30-8:45

Delegate Check-in

8:45-9:30

Panel 1: Raising Equity in Asia – What Can Be Done to Make It More Attractive? What
About Dual Class Share Structures and Other Innovations?
 Jyotirmoy Banerjee, Assistant General Counsel, Bank of America Merrill Lynch(BAML) Matthew Kirkby, MD, Co-Head of Investment Banking APAC & CEO, North Asia,CIMB Securities Ltd.
 Alex Abagian, ED, Head of Asia Equity Syndicate, Equity Capital Markets, Morgan
Stanley Hans Sicat, President & CEO, The Philippine Stock Exchange (PSE) Peter Douglas, Principal, CAIA Singapore, Chartered Alternative Investment
Analyst Association (CAIA) (Moderator)

9:30-10:15

Panel 2: Stock Connect – Is this the End of the Beginning for China’s Stock MarketDevelopment? Or a turn in the road, with the view obscured?
 Sam Kim, MD, Head of Trading & Liquidity Strategies, Asia Pacific, BlackRock Christina Ma, MD, Co-head, Micro One Data Trading, Aisa Pacific Ex-Japan,Goldman Sachs
 Sharon Ang, Senior Vice President, Global Client Management and BusinessDevelopment, Hong Kong Exchanges and Clearing Limited (HKEx)
 Ian Cohen, MD, COO Equities Asia, Chief Strategy Officer Global Equities, HSBC
 Simon Sims, ED, Head of Asia Equities Swaps Marketing, Morgan Stanley Fu Hao, Head of Global Business Development, Shanghai Stock Exchange (SSE) Jeremy Grant, Asia Regional Corporate Correspondent, Financial Times(Moderator)3

10:15-10:45

Coffee Break

10:45-11:30

Panel 3: Opening Up India – What Are the Remaining Hurdles?
 Ashish Chauhan, MD & CEO, Bombay Stock Exchange (BSE) Saumil Shah, MD, Head of India Equity Sales Trading, Asia Pacific Equities, DSP
Merrill Lynch Ltd
 Sanjay Awasthi, Director, Eastspring Investments
 G V Nageswara Rao, MD & CEO, National Securities Depository Limited (NSDL) Chitra Ramkrishna, MD & CEO, National Stock Exchange (NSE), India
 Todd Prado, Global Head of Equity Dealing, First State Investments(Moderator)

11:30-12:15

Panel 4: The Trials and Tribulations of Making the Post-trade Cycle More Efficient.
What Needs to Be Done?
 Jeffrey Williams, MD, Asia Pacific Head of Direct Custody and Clearing, Citi
 Frederic Hannequart, Chairman, Euroclear Bank Paul Day, MD, Asia Head of Operations, Morgan Stanley Paula Arthus, President & CEO, Omgeo
 Barnaby Nelson, MD, Regional Head of Investor & Intermediary, North East Asiaand Greater China, Standard Chartered Julian Chesser, MD, Head of Processing, APAC, Markit (Moderator)

12:15-13:00

Panel 5: The Growing Influence of Asia on Commodities Markets
 Jason Tudor, MD, Asia Pacific Head of Commodities, Citi
 David Wang, ED, Commodities Marketing, Global Commodities, J.P. Morgan Garry Jones, CEO, London Metal Exchange (LME) Vandana Hari, Asia Editorial Director, Platts
 Lily Chia, Head of Product Management, Commodities, Singapore Exchange (SGX) Henning Gloystein, Energy Editor, Asia Pacific, Thomson Reuters (Moderator)

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DAY 2 (Thursday, 6 November 2014)
Morning Break-out Sessions – Global Markets Topics
Fixed Income Focused (Stream 2)

8:30-8:45

Delegate Check-in

8:45-9:00

Presentation 1: Moving from Bank Lending to Capital Markets: How Do We Encourage
It?
Peter Matza, Engagement Director, The Association of Corporate Treasurers (ACT)

9:00-9:45

Panel 1: Credit Markets: Slowly Growing – Where Do We Go from Here?
 Brad Gibson, Portfolio Manager, AllianceBernstein Philipp Lotter, MD, Head of SSEA Corporate Finance, Moody's Dean Wang, MD, Fixed Income & Commodities, Morgan Stanley
 Frederick Laydon, COO, Asia, Principal Global Investors
 Elena Okorochenko, MD, Asia-Pacific Ratings, Standard & Poor’s Ratings Services
 Sharad Desai, MD, APAC Head of Sales, Fixed Income, J.P. Morgan (Moderator)

9:45-10:15

Panel 2: Will Project Bonds Fund Asian’s Infrastructure Needs?
 Peeyush Pallav, VP, Structured Debt Solutions, Treasury & Markets, DBS
 Michael Cooper, Director of Infrastructure, Asia-Pacific, Project and Export Finance,HSBC
 Daniel Mallo, MD, Head of Energy Project Finance and Metals & Mining, Asia
Pacific, Societe Generale Thomas Jacquot, Senior Director, Corporate & Infrastructure Ratings, Standard &Poor’s Rating Services Mark Austen, CEO, Asia Securities Industry & Financial Markets Association(ASIFMA) (Moderator)

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10:15-10:45

Coffee Break

10:45-11:30

Panel 3: How Are Bonds Used in Acquisition Financing? Are Leveraged Buy-outs
Evolving in Asia?
 Nicholas Macksey, Principal, Baring Private Equity Asia (BPE) Haitham Ghattas, Head of High Yield Capital Markets, Asia, Deutsche Bank
 Enrique Becerra, MD, Asia Pacific Financial Sponsors Group, Merrill Lynch (AsiaPacific) Ltd
 Michael Seewald, MD, Corporate Ratings, Standard & Poor’s Ratings Services
 Bryant Edwards, Partner, Latham & Watkins (Moderator)

11:30-12:15

Panel 4: Mobility of Collateral: Unlocking Trapped Collateral and Connecting
Recipients Cross-border?
 Dominick Falco, MD and Head of Global Collateral Services, Asia Pacific, BNYMellon
 Dirk Bullmann, Adviser DG General Market Infrastructure and Payments, EuropeanCentral Bank
 Richard Heckinger, Vice President and Senior Policy Advisor, Financial Markets
Group, Federal Reserve Bank of Chicago
 Olivier Grimonpont, General Manager, Regional Head, Asia-Pacific, Euroclear Bank
 Nico Torchetti, Head of Post-trade Services, Singapore Exchange (SGX) Vijay Chander, ED, Fixed Income, Asia Securities Industry & Financial Markets
Association (ASIFMA) (Moderator)

12:15–13:00

Panel 5: NDFs and the FX Markets: What Is the Future? Are Regulators Supportive?
 Rachael Hoey, Head of Asia, CLS Rajeev Demello, Head of Asian Fixed Income, Co-head of Emerging Markets Debt
Relative, Schroders
 Jason Daw, Head of Asian FX Strategy, Societe Generale Jonathan Woodward, Head of Asia Pacific, Thomson Reuters FXall Jonathan Cavanagh, Senior Asian Currency Strategist, Westpac
 David Ngai, MD, Global FX Division, Asia Pacific, Global Financial Markets
Association (GFMA) (Moderator)

6DAY 2 (Thursday, 6 November 2014)
Afternoon Keynotes and Concurrent Roundtables
13:00–14:00

Buffet Lunch

14:00-14:10

Welcome Remarks

14:10-14:30

3rd Keynote
Muthukrishnan Ramaswami, President, Singapore Exchange (SGX)(followed by short interview on stage by Wayne Arnold, Senior Columnist, Barron's)

14:30-15:15

Concurrent Roundtables (Closed to the media)
Concurrent Roundtable 1: OTC Derivatives: Should Fragmented Markets Ever Be
Put Back Together?
 Conor Cunningham, MD, Asia Pacific Head of Futures and OTC Clearing, Citi (Colead) Kishore Ramakrishnan, ED, Financial Services Advisory, Ernst and Young Advisory
Services Limited (Co-lead) Keith Noyes, Regional Director, Asia Pacific, International Swaps and Derivatives
Association (ISDA) (Co-lead)
Concurrent Roundtable 2: Compliance: Are the Costs of Complying Severely
Undermining the Ability To Do Business in Financial Markets, and What Can Be Done
About It?
 Tim Woodward, Head of Compliance Reg Reform and Monitoring & Surveillance,
Asia, J.P. Morgan (Co-lead) Wilfred Yeung, Head of Compliance, Asia ex-Japan, Nomura (Co-lead)
Concurrent Roundtable 3: Equities: Can Asia Learn Something from the Opening of
Exchange to Competition in US and EU?
 Ned Phillips, Director, Alternative Exchange Advisory (Co-lead) John Fildes, CEO, Chi-X Australia Pty Ltd (Co-lead) Robert Rooks, Principal, Deloitte Consulting (Hong Kong) Limited (Co-lead)
Concurrent Roundtable 4: Tax: Are Clunky Tax Regimes in Many Asian Countries
Hurting Foreign Investment? And Is Reform in the Air?
 Sean McGrady, Tax Counsel, Goldman Sachs (Co-lead) Stephen Bruce, Partner, Financial Services Tax, Ernst & Young (Co-lead)

15:15-15:45

Coffee Break7

15:45-16:30

Concurrent Roundtables (Closed to the media)
Concurrent Roundtable 5: Trade Reporting: Will Regulators Ever Get a Complete
Global View of Products in Order to Manage Systemic Risk?
 Lloyd Struan, Head of Apac Sales and Relationship Management, DTCC (Co-lead) Cindy Leiw, Director of Policy, International Swaps and Derivatives Association(ISDA) (Co-lead) David Ngai, MD, Global FX Division, Asia Pacific, Global Financial Markets
Association (GFMA) (Co-lead)
Concurrent Roundtable 6: KYC: Is Now the Time to Create Global Utilities to Make
Onboarding of Clients Easier and More Cost Efficient? Will Regulators Support It?
 Mathew Keshav Lewis, Global Head of Client Engagement, Integration & StrategicPartnerships, Clarient Global LLC (Co-lead) David Williams, Director, Head of APAC Product: MCPM & KYC Services, Markit(Co-lead) Zelda Anthony, Head of ASEAN, SWIFT (Co-lead) Anna Mazzone, Global Head of KYC Business, Thomson Reuters (Co-lead)
Concurrent Roundtable 7: Regulatory Reform on Market Infrastructures: The Role
They Have Played in Helping to Reduce Systemic Risk in Financial Markets?
 Rachael Hoey, Head of Asia, CLS (Co-lead) Peter Tierney, Regional Head Asia, DTCC Deriv/SERV (Co-lead) Gaetan Gosset, Director, Head of Product Management, APAC, Euroclear (Co-lead) Michael Karbouris, Head of Business Development, Asia Pacific, NASDAQ (Co-lead)
Concurrent Roundtable 8: Offshore RMB Markets: Rapidly Growing and Developing.
What’s Next?
 CG Lai, Head of Fixed Income Greater China and Head of Corporates Group, Asia
ex-Japan, BNP Paribas (Co-lead) Pete Sweeney, Chief Correspondent for China Economy and Markets, Thomson
Reuters (Co-lead)

16:30-16:50

4th Keynote
R. Gandhi, Deputy Governor, Reserve Bank of India (RBI)(followed by short interview on stage by Pete Sweeney, Chief Correspondent for China
Economy and Markets, Thomson Reuters)

16:50-17:10

Closing Keynote
Ir. Nurhaida, Head Executive for Capital Market Supervision/ Member of Board
Commissioners, Indonesian Financial Services Authority (OJK)(followed by short interview on stage by Wayne Arnold, Senior Columnist, Barron's)

17:10-17:15

Closing Remarks
Mark Austen, CEO, Asia Securities Industry & Financial Markets Association (ASIFMA)

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