Sibos 2008 Vienna — Special interest sessions

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> Tuesday 16 September 2008

Organised by ESA

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The new Foreign Exchange Market Practice Group (FXMPG) sets out to harmonise market practices within the global foreign exchange industry.

Come and be a part of history in the making as we delve into the basics of the FXMPG and discuss the benefits of such a group as well as the challenges ahead.

The session will initiate discussions on key market practice issues effecting the global foreign exchange community.

Speakers:

• Bill Boss, Head FX/Cash Collateral Trading Operations Global, UBS AG
• Arthur Cousins, Director, Strategy & Product Development, The Standard Bank of South Africa Ltd
• Joshua Derrick, Manager, Trading Standards, SWIFT
• Jackie Farrow, Head of FX Programme, Broker/Dealer Markets, SWIFT
• Steve Goswell, Director, Barclays Global Investors
• Rachel Hoey, Director, Business Development, CLS Services Ltd.

Organised by FXMPG

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With 3 billion mobile subscribers worldwide, the potential of the mobile phone for payments and mobile banking services is startling. Can banks, mobile operators and technology providers collaborate in a more meaningful way to realise the market potential?
This session will consider: what is the distinction between mobile banking and mobile payments? How is the mobile payment market segmented, and which segments are the most attractive? Is a particular service model emerging as leader?

Speakers:

• Rustin Carpenter, CPNI Inc.
• Hikmet Ersek, Westen Union
• Steve Kietz, Citigroup
• Girish Nayak, General Manager, Head NRI Services, ICICI Bank Ltd.

Moderator:

• Carl Morath, Sun Microsystems
  

Co-ordinated by: CPNI Inc.

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After the ECB Governing Council's approval of the T2S project in July 2008, T2S will now face the challenge of equipping the European clearing and settlement arena with a single core, borderless and neutral securities settlement platform for real-time settlement in central bank money in Euro and other currencies. This project is supported by a very large segment of the market and through which the Eurosystem as a whole will contribute effectively to a better functioning of the European financial market.
The session will start with an introduction on T2S to explain what it is and where the project currently is. The panellists will attempt to identify the future challenges laid ahead to T2S and how the T2S project team intends to address them.

Speakers:

• Adolfo García, Managing Director, Santander
• Jochen Metzger, Director General, Bundesbank
• Katja Rosenkranz, Executive Board of Clearstream Frankfurt
• Iain Saville, Senior advisor to the ECB
• Ignacio Terol, European Central Bank

Moderator:

• Jean-Michel Godeffroy, Director General, European Central Bank

Organised by the European Central Bank (ECB)

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Latest information on the TARGET2 system after successfully completing the migration in May 2008, and the CCBM2 project launched in March 2007. TARGET2 is the single shared platform (SSP) for the settlement in real time of predominantly high-value euro payments in central bank money. The SSP introduces a uniform wholesale payment infrastructure and its participants can benefit from enhanced functionalities and services, reliability and competitive prices. CCBM2 will be a common platform for Eurosystem collateral management which will provide increased efficiency and a harmonised level of service across the euro area, based on a centralised IT solution. CCBM2 will provide significant opportunities for Eurosystem counterparties to further reduce back-office complexity and to optimise the cost of mobilising collateral and to enhance liquidity management.

Organised by the European Central Bank (ECB)

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The Romanian Ministry of Economy and Finance performs its daily payments and collections by using its payment system - STEPS. For compliance with European banking standards, the two major anchors are the European Central Bank provisions on TARGET2 and the European Payment Council specifications for SEPA. STEPS might become a reference for other EU State Treasuries, providing an interoperability space of the governmental bodies and the business community. MA-CUG and SCORE are laying the ground for extending a higher quality distribution channel for enhanced financial services to the corporate customers. Might the State Treasuries take advantage of this business model?

Speakers:

• Geoffroy Deschrevel, Head of Banking Initiatives Department, EMEA SWIFT
• Radu Gratian Ghetea, CEO, CEC Bank and Chairman of the Romanian Banking Association
• Sorin Guiman, CEO, Business Information System
• Sheida Hadji-Ashrafi, Worldwide Industry Manager Payments Industry Solutions, Microsoft Corporation
• Eugen Teodorovici, Secretary of State, Romanian Ministry of Economy and Finance
  

Organised by Business Information Systems

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> Wednesday 17 September 2008

Attend this session to learn about the 2008 activities of the Payments Market Practice Group (PMPG). Hosted by the co-chairs, this session will provide information about their first recommendations around the use of the IBAN, cover payments, FATF SRVII guidelines and other market issues. This is your opportunity to contribute to these important topics and to raise new topics as the PMPG set their 2009 agenda.

Speakers:

• Guenther Gall, Executive Vice President, Division Head of Transaction Services, Raiffeisen Zentralbank
• Ingrid Versnel, Head of Payments and Trade, Global Technology and Operations, Royal Bank of Canada

Organised by PMPG

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BGC, the Swedish ACH has outsourced the processing of the Bankgirot scheme products to VocaLink. VocaLink and BGC are working together to deliver new products and services to the Swedish market including SEPA payments. VocaLink will provide the IT and processing capability and BGC retains its responsibility towards banks, regulators and customers. This innovative partnership, a world first, is a clear step forward in consolidating the European payment market. It points to a new wave of outsourcing in a payments market where scale processing and innovation are key requirements. This session will explore the benefits of this new business model and the implications for payment processing.

Speakers:

• Christine Friberg, BGC
• Mark Hale, PWC
• Martin Wilson, VocaLink

Moderator:

• Ashley Dowson, SEPA Consultancy

Organised by VocaLink

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The Payment Services Directive is due to enter into force in all EU Member States by 1 November 2009 and will have major implications for the payments market in the EU and beyond. Does it simply represent another compliance burden or is there much more to it than that? Topics for this panel session include a brief overview of the context and the current implementation status, followed by a wide-ranging debate covering the key implications for European banks, non-European banks, card schemes, non-bank payment service providers and corporates; the fit with SEPA; the ongoing issues encountered during transposition at national level and the broader strategic relevance to the Global payments market.

Session Chair:

• Ruth Wandhöfer, Payments Industry & Strategy, EMEA Cash Management, GTS, Citi (and Chair of the European banking industry's PSD Expert Group)

Speakers:

• Etienne Goosse, General Manager Corporate Affairs, MasterCard Europe
• Simon Newstead, Head of Financial Institutions Advisory Group, GTS, RBS (and Chair of the UK Payment Council's PSD Working Group)
• TBC - Representative of a European regulatory body involved in the transposition of the PSD

• Patrick Krekels, Deputy General Counsel, SWIFT

Organised by Citi/RBS

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During SIBOS, the EBA and EBA CLEARING will offer a special interest session titled “ SEPA and PE-ACH: Evolving service requirements of banks”. It will give an overview of the market position of the EBA Group and its development with regard to SEPA.
In detail, the session will revolve around the following topics:
• Using the EURO1/STEP1 Services for domestic single payments

• Using the STEP2 SEPA Credit Transfer (SCT) Service for domestic ACH bulk payments

• The STEP2 Direct Debit Services and the M-PEDD platform

• Recent developments in the EBA’s e-invoicing initiative

Speakers:

• Speakers will include the Chairmen of the Euro Banking Association (EBA) and EBA CLEARING, as well as other senior representatives of both organisations.
  
  

Organised by Euro Banking Association and EBA Clearing

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The focus of this session will be on presenting the three most recent analytical and cross-country comparative tools developed by staff of the World Bank's Payment Systems Development Group to better support the decision-making process of central banks and other public sector agencies for reforming their national payments system.

Session Chair:

• Michael Klein, Vice President, Financial and Private Sector Development Department, The World Bank

Presenters:

• Massimo Cirasino, Jose Antonio Garcia, Mario Guadamillas, World Bank’s Payment Systems Development Group members

Commentators:

• Dave Mitchell, South African Reserve Bank
• David Pryce, Managing Director Americas, SWIFT

Organised by The World Bank

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The free and open FIX Protocol messaging standard has achieved mass adoption as Buy and Sell-side firms, Exchanges/ECNs and vendors from across the globe continue to seek greater support from the protocol. So what has driven this demand for a standardised approach? What is the economic rational for adopting standards? Do firms really achieve Return on Investment and what are the key efficiency gains? Join this session to develop a stronger understanding of how the adoption of standards could help your firm profit from increased transparency, reduced error rates and significant cost savings.

Speakers:

• Kevin Houstoun, Co-Chair FPL Global Technical Committee

Organised by FIX Protocol Limited

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International Payments Framework, (IPF) is a global industry membership organisation including Financial Institutions, Clearing Settlement Mechanisms and SWIFT.  The IPF will provide rules and a operating framework that will simplify international credit transfers through global standardisation.  A panel of industry experts will discuss how to leverage and maximise your existing investment in your systems, utilising ISO 20022 messages.

Speakers:

• Gerard Hartsink, SEVP, ABN AMRO
• Alan Koenigsberg, Managing Director, JPMC
• Guy Legault, CEO, Canadian Payments Association
• Michael Steinbach, Chairman and CEO, EQUENS

Moderator:

• David Pryce, Managing Director Americas, SWIFT
  

Organised by International Payments Framework

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> Thursday 18 September 2008

In times where the number of enquiries is growing exponentially due to regulatory obligations such as SR7 and SEPA the business case for a solution supporting straight through processing of payments related enquiries becomes even more compelling. Depending on the organisation's requirements, there are various scalable models of implementation for this solution: from an "off the shelf" solution up to a fully integrated model. During this session, we will present the SWIFT tools developed to help you calculate the quantitative benefits and assess the implementation requirements. Four third party application vendors will present the possible implementation models, clarifying required resources & planning and sharing with you some interesting tips based on their experience. At the end of the session you will be invited to attend vendor stands for demonstrations of their solutions.

Speakers:

• A Elliot, PEGA Systems
• C Day, SunGard
• M Leclerc, Expertus

Organised by SWIFT

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