Agenda

Tuesday, 3 March

1000 – 1200
Securities Lending Tutorial
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

1200 – 1400
Lunch (Tutorial and Regional Markets Attendees)

1430 – 1600
Regional Markets Updates: Challenges and Opportunities
PASLA Board Members, exchanges and market participants will update conference attendees on various emerging and developed securities lending markets including comparing and contrasting various issues facing each one and what can possibly be done to further open those markets. Korea, Indonesia, Malaysia and Taiwan will be examined.

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

Wednesday, 4 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.

Shangahi Welcoming Remarks
Qingping Nie, Chairman, China Securities Finance Corp

0930 – 1030
Securities Lending and Borrowing in the Chinese Market
Market participants will discuss the current and future demand for securities in the marketplace, operational challenges, regulatory and structural changes, and their outlook for securities lending in the Chinese market.

1030– 1100
Coffee Break with Exhibitors

1100 – 1200
Keynote Speaker

1200 – 1300
Outlook for the Mutual Recognition of Chinese Markets
Discussion will provide an update on the Hong Kong – Shanghai Stock Connect and its influence on securities finance. Also, the QFII and the relaxation of RQFII and the potential openings in Taiwan, Luxembourg and Australia will be discussed. Additional debate will involve legal and regulatory issues, the outlook for products such as equities, fixed income, and ETF’s.

1300 – 1430
Lunch

1430 – 1515
Financing and the Trading of Liquidity
Panelists will discuss the financing and liquidity landscape in the Asia Pacific region including the repo and fixed income lending markets. What are the anticipated changes and what is the way forward?

1515– 1600
Collateral Management
Regulatory changes such as the LCR and NSFR in addition to central bank intervention have raised concerns with firm’s ability to effectively optimize their balance sheet. Additionally, with firm’s collateral capabilities (collateral availability, eligibility, transformation) being reorganized together, what does this mean for the availability of fixed income instruments in the region?

1600
Business Program Adjourns for the day

1800 – 2000
Cocktail Reception

Thursday, 5 March

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

0915 - 1015
Industry Leaders Panel
Senior business leaders will discuss adapting to the post regulatory environment, the opportunities for growth and innovation. Additionally, the panel will discuss the impact of capital charges & NSFR, synthetic prime brokerage, the viability of indemnified general collateral balances and how both the supply side and demand side will need to change.

1015 – 1045
Coffee Break with Exhibitors

1045 – 1200
Legal Tax and Regulatory Update
This session will address global regulatory issues such as the FSB's Shadow Banking Work Stream updates, Basle III Proposed Capital Rules and other global proposals that could likely affect the Asia/Pacific region. The extra-territoriality of US and EU rules as well as any regional regulations will also be discussed.

1200-1300
The Future of Asian Central Counterparties
What works and what doesn’t in the region and how can they be enhanced? How will the drive to CCP’s in other regions affect Asian CCP’s?

1300
Closing Remarks and announcement of 2016 Conference in Singapore

1300 – 1430
Lunch