Looking back to IOMA: WFE’s 34th Clearing & Derivatives Conference

By: The WFE Focus Team Apr 2017

From 19-21 April, more than 150 senior delegates from clearinghouses, exchanges, regulators and other stakeholders gathered at the Hilton hotel in Frankfurt’s city centre for the 34th IOMA: WFE Clearing & Derivatives Conference, this year hosted by Eurex.

The two-day agenda was packed full of key note speeches and panels debating the most important market structure and business issues affecting the clearing and derivatives sector.

The event’s opening key note, from Steven Maijoor, Chair, European Securities & Markets Authority (ESMA), set out the four key areas the regulator focuses on: 1) regulatory reform in the EU; 2) supervisory convergence and level playing field; 3) CCP recovery and resolution; and 4) Brexit/third country/EU authorities.

David Wright, Chairman, EUROFI gave the second key note of the day, and observed an overall improvement in the global economic situation – noting that global standards are a good thing - although expressed concern that Brexit is diverting time away from other important EU structural reform measures.

On day two, Robert Cox, Vice President & Senior Policy Advisor, Federal Reserve Bank of Chicago outlined a number of CCP recovery and resolution processes in his key note speech.

Finally, Alexander Schindler, Member of the Executive Board, Union Asset Management Holding AG gave his perspectives on the European asset management industry, touching on Brexit, MiFID II and PRIIPS.

Panel topics across the two days ranged from how financial market infrastructures (FMIs) should approach cyber resilience; to exchange and CCP consolidation; to how FMIs can better listen to the buy side.

Photos from the event are available to view here.

You can also watch the WFE video on the resilience of CCPs, by clicking here. The video features commentary from four of our members: Eurex, EuroCCP, JSE and SGX.

We would be grateful if you could take the time to complete the WFE IOMA event feedback form; your views are important to us as we plan our forthcoming conference programme.