Recorded Webinar: Last minute preparations for SFTR: What still needs to be done and are we ready?5 March 2020
The regulation clock is ticking. Financial firms, especially those subject to Phase I of implementation, are well aware of the impending April 2020 deadline for the Securities Financing Transactions Regulation. The question is, are they ready?
Tactical, i.e painful, approaches to compliance won’t be good enough. A strategic plan of attack is necessary to combat the complex nature of this regulation. If the mandated dual reporting of SFTs at the repository level requirement as well as the challenges around the use of LEIs when identifying counter parties are not enough, the 155 data fields and data quality standards are sure to cause firms to stumble if not well prepared.
This webinar will discuss the latest updates to the regulation, including ESMA’s recent 12 month LEI grace period allowance for third country issuers. It will provide guidance on how to optimise reporting that will not only be compliant, but also provide business and operational benefits. While regulators are looking to increase transparency; the right tools, processes and technologies will ensure your organisation can also reduce risks, costs and increase efficiency.
Listen to this webinar to find out:
- Update of requirements of Securities Financing Transactions Regulation
- Importance of high quality data
- Beneficial outcomes of compliance
- Technology and partner solutions to support compliance
Thomas Pikett, Vice President, Agencies Securities Lending, Product Development, JP Morgan
Dawd Haque, Global lead for Regulatory Market Initiatives, Transformation & Strategy, Deutsche Bank AG
Lance Risi, Director – Product Management, S&P Global Market Intelligence
Linda Coffman, EVP Reference Data Utility, SmartStream RDU
Moderator: Laurie McAughtry, Editor,
More about our Speakers:
Vice President, Agencies Securities Lending, Product Development
Thomas Pikett is responsible for the SFTR programme within J.P. Morgan Agency Securities Lending and currently sits on both the ISLA SFTR Steerco as well as the ICMA SFTR Taskforce. Prior to J.P. Morgan, he was responsible as Business Manager for the SFTR solution at MarketAxess. He has also held various roles at The Royal Bank of Scotland and Euroclear. Mr Pikett graduated from The University of Sheffield with a degree in Politics.
Global lead for Regulatory Market Initiatives, Transformation & Strategy
Deutsche Bank AG
I am the global lead of Regulatory Market Initiatives at Deutsche Bank. I represent Deutsche Bank on several Trade Association Committees and Working Groups as well as Regulatory Market Infrastructure and third party vendor committees.
I scan the global horizon looking at new regulatory obligations Deutsche Bank will be impacted by and assess that impact. Through the regulatory lifecycle I work with Trade Associations, Market Infrastructure and our peers to advocate with Competent Authorities to minimise the negative impact on the industry. I also work with internal and external stakeholders to build regulatory solutions such as Industry Best Practices, creation of new Utilities & the fostering of innovative Technology to meet our collective obligations.
Prior to joining Deutsche Bank I have worked at Barclays, Bank of America, Goldman Sachs, Northern Rock and BNP Paribas on the implementation of Regulatory obligations in particular as they impact the Front and Middle Office. Before that I worked in various Front Office and Middle Office roles at Royal Bank of Scotland, Barclays, Deutsche Bank, JP Morgan, Standard Chartered Bank, UBS and the EBRD.
Director – Product Management
S&P Global Market Intelligence
Lance Risi, Director, Product Management – Data Management Solutions at S&P Global Market Intelligence, has over 25 years of experience managing Reference Data used to address regulatory requirements. During this time he has provided solutions to accelerate progress in the evolving landscape of regulatory initiatives, compliance, and counter party risk.
Throughout his tenure with S&P Global, Mr. Risi has led teams around the world, helping identify opportunities to navigate the complex dynamic of our industry. In addition to product management, he supports clients and their day-to-day challenges with a proven track record of enhancing services in order to keep up with the market needs.
EVP Reference Data Utility
Linda Coffman is Executive Vice President, responsible for overseeing the Smartstream Reference Data Utility. Linda joined the RDU in 2015 to work as part of the product management team responsible for key initiatives across the Listed Derivative and Regulatory product areas. Linda has over 25 years of experience in the Reference Data industry. Prior to joining Smartstream RDU, she was a member of the reference data team at Morgan Stanley where her primary focus was on the creation of a fixed income security master and the onboarding of vendor data. Earlier in her career, Linda worked for an industry joint venture where she managed a data operations and development team covering fixed income and securitized products.
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