Registration and welcome coffee

Session 1: Third country regime, supervision and Euroclearing

Possible discussion points

• Would the proposal achieve its intended objectives of ensuring financial stability, supporting the CMU project and increased competition?          
• What will be the impacts of a location policy on EU counterparties (Clearing Members and clients)?      
• Would there be impacts from the cost of fragmentation of the global liquidity pool of IRS clearing? And on repo clearing?           
• Would relocation of euroclearing within the EU post-Brexit impact the euro as a global reserve currency?           
• What would be the impacts of a location policy on non-Eurozone member States v. Eurozone States?           
• Should ESMA be given the role of direct supervision of systemic CCPs?

Coffee Break

Session 2: REFIT proposal: scope, reporting & trade repositories

Possible discussion points

• How can the burden arising from reporting historical trades (backloading) best be addressed? 
• How can the burden arising from reporting of intragroup transactions best be addressed?
• How can the reporting of exchange-traded derivatives be simplified?
• How can the reporting of OTC derivatives be simplified?
• How can the quality and the transparency of the data reported to trade repositories be improved?
• How can the transparency of OTC derivatives positions and exposures be improved• How can the clearing obligation to pensions schemes arrangements best be calibrated?
• How can we achieve proportionality for non-financial counterparties and for small financial counterparties?
• Should supervisors be given a clear mandate to approve initial margin models for uncleared derivatives contracts?
• How can the transparency of CCPs’ margin requirements be improved?

Speakers include:

Danuta Maria Hübner Member of Parliament

Jan Ceyssens Member of Cabinet of Vice-President Valdis Dombrovskis, European Commission

Vincent Derbali Policy Officer, Unit C2 - Financial Markets Infrastructure, DG FISMA, European Commission

Eric Müller CEO, Eurex Clearing AG

Michalis Sotiropoulos Head of Brussels Office, DTCC

Robert Barnes Director of Regulation, FIA

Jonathan A. Thursby Executive Director, Head of CME Global Repository Services

Kirston Winters Managing Director, Co-Head of Product Management for MarkitSERV, IHS Markit

Daniel Maguire LCH Group Chief Operating Officer (COO)- The London Stock Exchange Group

Olivier de Larouzière Managing Director Fixed Income, Natixis Asset Management

Moderator

Karel Lannoo CEO of the Centre for European Policy Studies (CEPS)