Public Conference

The public conference is open to members of IOSCO and the wider public, and will take place on May 17-18, 2017. The public panels promise to be stimulating and provide insight into the current realities of the global securities markets. Distinguished panellists and moderators will lead the debates on topical issues and trends. The discussions will be enriching and provocative, as delegates will have the opportunity to share and learn from the experiences of colleagues from around the world.

Public Conference

Wednesday, May 17, 2017

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Thursday, May 18, 2017

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8:00 am – 6:00 pm Registration and information desk at the Montego Bay Convention Centre
9:00 am – 4:00 pm Exhibition
9:00 am – 10:00 am Opening Ceremony

9:00 am – 9:20 am: The Honourable Audley Shaw, CD, MP, Minister of Finance and Public Service of Jamaica
9:20 am – 9:30 am: Ms. Janice P. Holness, Executive Director of the Financial Services Commission of Jamaica and Chairman of the IOSCO Presidents’ Committee
9:30 am – 9:40 am: Mr. Ashley Ian Alder, Chief Executive Officer of the Securities and Futures Commission of Hong Kong and Chairman of the IOSCO Board
9:40 am – 9:50 am: Mr. Ranjit Ajit Singh, Chairman of the Securities Commission of Malaysia, Vice-Chairman of the IOSCO Board and Chairman of the IOSCO Growth and Emerging Markets Committee
9:50 am – 10:00 am: Mr. Paul P. Andrews, Secretary General of IOSCO

10:00 am – 10:30 am Coffee Break
10:30 am – 12:00 pm Panel 1 - How can we make capital markets more structurally resilient and address any evolving systemic risks? Are we striking the right balance between financial stability, investor protection and market efficiency?

Recently, IOSCO, in cooperation with other standard setting bodies, has focused on asset management and CCPs in terms of examining how to ensure these two areas of the capital markets are structurally resilient, and have done substantial work in these areas to address real or perceived vulnerabilities. This session will examine if there are any other areas within capital markets that IOSCO needs to address in terms of resiliency, including whether exchanges and intermediaries present significant systemic vulnerabilities. As part of the discussion, panellists will explore how sensitive this issue is to the stage of development of a particular market and if so, how best to address these risks.
In addition, in carrying out this work on structurally resiliency, the global regulatory community has made significant headway in trying to avoid another financial crisis. However, the question arises if this is happening at the expense of investor protection or fair, efficient and transparent markets. For example, this panel could address topics such as the use of variation margin haircutting in CCP recovery, which might disadvantage retail investors in collective investment schemes. Are policy-makers even considering these types of questions and if so, how are trade-offs being analysed.
Mr. Gerben Everts, Board member of the Netherlands Authority for the Financial Markets
Mrs. Barbara Novick, Vice Chairman of BlackRock
Mr. George Roper, Compliance Director Caribbean Central District /Vice President, Compliance - Scotia Group Jamaica
Mr. Steven Maijoor, Chairman of the European Securities and Markets Authority

12:00 pm – 2:00 pm Lunch
2:00 pm – 3:30 pm Panel 2 - What is the role of international standards in the marketplace?

This panel will address what is the value of work by IOSCO and other SSBs to the actual activities of market participants. The panel will highlight the work that IOSCO-BCBS have done on margin issues and CPMI-IOSCO on data standards and PFMIs. Panellists will discuss how market participants can better interact with IOSCO through the consultation process and industry roundtables and will seek to address how regulators can overcome data gaps in setting, as well as applying, these types of standards at different stages of development.
Mr. Eric Pan, Director of International Affairs of the US Commodity Futures Trading Commission
Mr. Jean-Paul Servais, Chairman of the Financial Services and Markets Authority of Belgium, and Vice-Chairman of the IOSCO Board
Mr. Mark Wetjen, Managing Director at DTCC
Mr. Martin Moloney, Head of Markets Policy Division of the Central Bank of Ireland
Mr. Richard Cantor, Chief Credit Officer at Moody's Investors Service

7:00 pm – 11:00 pm Gala Dinner: The Grand, Glitter and Grandeur
8:00 am – 3:00 pm Registration and information desk at the Montego Bay Convention Centre
9:00 am – 3:00 pm Exhibition
9:00 am – 10:30 am Panel 3 - How can capital markets regulators effectively address the issue of misconduct in markets? What more can we expect market participants to do to build trust in markets and increase their level of accountability?

Trust is the lubricant for markets to function as intended, and proper conduct engenders trust. IOSCO will publish a toolkit on conduct risk in wholesale markets in H1 2017. This session will examine if the global initiatives for addressing market misconduct will make meaningful impact and whether there is a further role for the industry and for SROs. Indeed, regulatory options will be a prime focus for this panel in how to address misconduct, and would include things such as the UK’s Senior Manager’s Regime and how to evaluate whether these types of efforts are showing results and having the intended (or perverse) effects. This panel will provide an opportunity to showcase the report on Market Conduct; and take the conversation forward regarding the role of the industry/ SROs in this effort of changing behavior.
Mr. Paul Andrews, Secretary General of IOSCO
Mr. Andrew Bailey, Chief Executive Officer of the UK Financial Conduct Authority
Ms. Julia Leung, Executive Director, Intermediaries Division of the Hong Kong Securities and Futures Commission

Mr. Sergey Shvetsov, First Deputy Governor of the Bank of Russia
Mr. Yuji Nakata, Executive Managing Director, Group Entity Structure & Co-CRO of Nomura Holdings, Inc

10:30 am – 10:45 am Coffee Break
10:45 am – 12:15 pm Panel 4 - Are capital markets doing their job in financing the real economy? How can regulators help in market development?

Many IOSCO members, especially from emerging markets, have the development of capital markets as part of their mandates. The session can contribute to learning about what some regulators are doing to develop markets in their jurisdictions. At the same time, with the emergence of fintech and alternative capital raising vehicles like crowdfunding, there is a question whether traditional primary markets are able to perform their role in capital raising for financing the real economy. Similarly, it will be helpful to have a regulator’s perspective on how it approaches issues related to fintech from a strategic, opportunistic and/or regulatory point of view. Here, the discussion can focus on use of regulatory sandboxes or innovation hubs that seek to foster new ideas by assisting start-ups as they navigate the regulatory system so as to maintain investor trust and confidence.
Ms. Ana Fiorella Carvajal, Lead Financial Sector Specialist of the World Bank
Mr. Leonardo P. Gomes Pereira, Chairman of the Securities and Exchange Commission of Brazil
Mrs. Maureen Jensen, Chair and Chief Executive Officer of the Ontario Securities Commission
Mr. Paul Muthaura, Chief Executive Officer of the Capital Markets Authority of Kenya
Mr. Steven Gooden, Chief Executive Officer of NCB Capital Markets Limited, Jamaica

12:15 pm – 12:45 pm Closing remarks and Handover ceremony
12:45 pm – 2:30 pm Lunch

*Please note that this program might be subject to changes.

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