Agenda

Tuesday, 4 March 

 

1000 – 1200
Securities Lending Tutorial

The purpose of this session is to provide professionals new to securities lending with a basic conceptual understanding of securities lending functions and how to distinguish among the various forms of securities lending transactions. You will also gain an understanding of the regulatory and taxation issues affecting securities lending for lenders and their custodian bank lending agents and borrowers. In addition, you will learn how to identify the risks of securities lending and how to control them. This tutorial will also address common industry misperceptions about securities lending and emphasis will be given to the regional issues and marketplace.

Instructors:
English Language:
 
Dominick Falco, Managing Director, BNY Mellon, Hong Kong
Robert Nichols, Vice President, J.P. Morgan, Hong Kong 

Japanese Language: 
Tomoaki Kinoshita, General Manager, Mizuho Securities
Kenji Takada, Senior Trader Head of Securities Lending Team, Nomura Asset Management 

1200 – 1400
Lunch
(Tutorial Attendees ONLY)

1430 – 1600
Regional Markets Roundtable Sessions

Experts and attendees of the roundtable will discuss market developments/conditions, lending prospects and legal and regulatory issues in:

Malaysia
Taiwan
Indonesia

1730 – 1930
Welcoming Reception
– Meet and Greet the PASLA Executive Committee 

 

Wednesday, 5 March 

 0900 – 0930
Welcoming Remarks and Associations Update
Welcome to the conference and update on the joint activities of both associations during the past year will be given.
Martin Corrall, Director, Citi and Conference Co-Chair, Hong Kong
Jason Strofs, Managing Director, Blackrock, San Francisco

Tokyo Welcoming Remarks 
Mr. Hiromi Yamaoka, Director-General Head of Financial Markets Department, Bank of Japan

0930 – 1030
The Future of Securities Finance in the Asia/Pacific Region
Senior business leaders’ share their insight on how markets continue to evolve globally and in the complex Asia/Pacific region.

1030– 1100
Coffee Break with Exhibitors

1100 – 1200
Keynote Speaker 
Tomo Kinoshita, Chief Economist, Nomura, Tokyo

1200 – 1300
Securities Lending and Borrowing in the Japanese Market
Debate will revolve around regulatory structural changes such as short selling, pension fund scheme and the potential impact to short volume.  Lendable supply from domestic beneficiaries and hedge fund positioning in the Japanese market will also be discussed.

1300 – 1430
Lunch
 

1430 – 1515
Regional Fixed Income Lending and Repo Trading Outlook
Panelists will discuss the varying regional issues including repo and securities lending capabilities that are being pushed together in the region on the client side.  What this means to the market including the availability of fixed income instruments in the region will be debated.

1515– 1600
Collateral Leaders Panel
Recent and impending regulatory changes in addition to central bank intervention in various markets have raised concerns with regard to collateral availability and eligibility. What are the impacts and what can market participants do about it, i.e. demand for transformation? How can clients optimize the utilization of their collateral better? 

1600
Business Program Adjourns for the day

1800 – 2000
Cocktail Reception 

 

 

 

Thursday, 6 March 

 09:00 – 9:15
Chairpersons’ Remarks and Housekeeping

Legal and Regulatory Discussion.
Both PASLA and RMA having been providing members with updates and guidance as well as responding to various proposed rule making initiatives on both a global and regional basis. Thursday’s sessions will give participants an update on the proposed rules, where they stand and what the potential business implications there are for securities lending and borrowing.

0915 - 1030
Global Legal and Regulatory Issues and Business Implications
This session will address global issues such as the FSB's Shadow Banking Work Stream updates, Basle III Proposed Capital Rules and other global proposals and their impact on your business.


1030 – 1100
Coffee Break with Exhibitors 


1100 – 1215
Regional Legal and Regulatory Issues and Business Implications
This session will address regional issues including regional business leaders discussing possible impacts on your business based on potential new regulations that are specific to the Asia/Pacific region.
 

1215-1300
Transparency Panel
Regulatory pressure for greater transparency has prompted the securities lending community and data providers to work on this issue. This panel of data providers will discuss and update the developments on key information statistics regarding securities lending transactions.

1300
Closing Remarks and announcement of 2015 Conference in Shanghai, China

1300 – 1430
Lunch