2011 IOMA/IOCA Annual Conference

 IOMA / IOCA Annual Conference
 Mumbay
 1 - 4 May 2011

 

 

Monday 2 May 2011

 

 

08:00 – 09:00
Board of Directors meeting
 
Reserved for the IOMA Board of Directors
09:00 – 09:30
Keynote address
 
  • Mr. M. S. Sahoo, Whole-time Member, Securities & Exchange Board of India (SEBI)
10:00 – 10:30 IOMA / IOCA Annual Conference opening

 
WFE film from the WFE Annual Meeting in Paris 2010
Welcome remarks, and IOMA / IOCA update
  • Ravi Narain, Managing Director and Chief Executive Officer, NSE India, and IOMA Chairman
  • Jorge Alegria, Chief Executive Officer, Mexican Derivatives Exchange (MexDer), and IOMA Vice Chairman
10:30 – 11:30
IOCA Clearinghouse update 2011

 
Regulatory reform is at the top of the list, and clearinghouse standards, even for clearinghouses that only clear exchange trades, will become much tougher in the near future.
  • Regulatory harmonization remains an important issue – the early results are not very encouraging, given material differences between (and even among) European and U.S. regulators and the unique challenges of Asia's more fragmented regulatory environment. 
  • Who should own clearinghouses? What are commercial conflicts of interest and the systemic risk issues lined to banks’ and brokers’ ownership of clearinghouses? 
  • What is the future for interoperability and connectivity between clearinghouses, and investor choice for clearing?
 
  • Chair: Michael Walinskas, Senior Vice President, Risk Management and Membership, The Options Clearing Corporation
  • Kim Taylor, President, CME Clearing, CME Group
  •  Michael March, Consultant, LCH.Clearnet Limited
  • Kevin King, EVP – Head of Risk Management Division, HKEx
12:00 – 12:30
2010 IOMA Survey Results

 
Trends in the exchange-traded futures and options markets.
14:00 – 15:30
The Global Risk Transfer Market

 
A review and reaction to the study conducted by the Tabb Group in November 2010 measuring and analyzing the over the counter derivatives market. Perspectives as to how the US and EU will regulate the OTC. Will Asian firms and exchanges be left behind? What is a SEF?
  • Chair : Marcus Zickwolff, Head of Department System Design, Eurex Clearing
  • Mark Woodward, Director of Corporate Development, ICE Clear Europe
  • Muthukrishnan Ramaswami, President, Singapore Exchange
  • Dale Michaels, Managing Director, Credit & Market Risk Management, CME Group