30 April 2014
Frankfurt

SWIFT Business Forum - Frankfurt 2014

Agenda

30 April 2014

08:30 – 09:15

Registration and welcome coffee

09:15 – 09:20

Welcome remarks

  • Jürgen  Marstatt, Head of SWIFT Germany

09:20 – 10:00

Opening plenary

  • Stephan Müller, Chair NMG SWIFT Germany and CIO, Commerzbank

10:00 – 10:45

SWIFT update

Hear from SWIFT about the progress we are making in delivering on our SWIFT2015 strategy by growing our core business, expanding beyond our core business and supporting our community by reducing total running cost and enabling interoperability. SWIFT offers a platform for collaborative creation of unique solutions to your common problems. How are we delivering in this regard for the SWIFT community as a whole and how does this translate into concrete benefits for the German market specifically? Also, what more can we do to support you in finding common solutions to common challenges?

  • Gottfried Leibbrandt, CEO, SWIFT
  • Stephen Lomas, Managing Director, Head of Market Policy Global Transaction Banking, Deutsche Bank and SWIFT Board Member
  • Sabine Reifenberger, Editor of German “Finance” magazine (Moderator)

10:45 – 11:15

Coffee break and networking

11:15 – 12:00

SWIFT Germany - Annual General Meeting (on invitation only)

or

Chat rooms (for those not attending the AGM)

Chat rooms offer you the opportunity to hear, through short 15 minute presentations, about some of the many products and services within the SWIFT portfolio. These sessions will give you a taste of what’s available so that you can follow up in more depth with SWIFT experts during or after the Business Forum. Among the products and services showcased will be SWIFT’s growing suite of Compliance services, our SWIFTRef reference data portfolio, SWIFT’s suite Consulting services and MyStandards. The chat rooms will repeat three times so you will have the opportunity to hear about four topics of your choice.

12:00 – 13:15

Lunch and networking

13:15 – 14:15

Panel discussion: Regulation - are we there yet?

The financial crisis was five years ago, and regulators in the EU and elsewhere have been hyperactive ever since, attempting to push through a bewildering array of measures in response, covering everything from new rules about bank bonuses to new obligations for the central clearing of derivatives.  At the same time we have had a revamped EU regulatory system introduced, continued development of measures to promote the EU single market and controversial extraterritorial measures with disruptive implications, such as FATCA.  How is the industry generally, and specifically in Germany, coping with these changes? What are the real pain points?  How is the German financial community doing compared with the rest of the EU and beyond? What have been the determining factors in making Germany better placed than many others to weather the storm? And are we anywhere near the end of the regulatory journey?

  • Kai-Hendrik Friese, Global Head, Compliance Office, DZ Bank
  • Ulrich L. Göres, Global Head of AML & Financial Crime, Deutsche Bank AG
  • Udo Braun, Bereichsvorstand Compliance, Commerzbank AG (moderator)

14:15 – 14:45

Coffee break and networking

14:45 – 15:45

Panel discussion: Payment services beyond regulation

Regulation has become a constant in the financial industry and is clearly here to stay. As a consequence, the lion’s share of business and IT investment budgets nowadays are absorbed by compliance and the new environment has gradually pushed financial institutions to integrate regulation as a de-facto part of business and strategic planning.  In this session, we will start by looking at the SEPA migration, assessing what has been achieved and what still remains to be done. We will hear from both banks and corporates about their migration experiences and what it took to succeed in this challenge. Also, what are the benefits for all participants and what still needs to be done in areas such as national specifics, R-Transactions and missing E-Mandates for SEPA direct debit. In the second part of the session, we will focus on the challenges that lie ahead of us beyond SEPA. The panellists, representing a Landesbank, an international transaction Bank, a clearing house and a client/software and service provider, will each share perspectives from their viewpoint and reflect on how PSD2, MIF and other regulatory challenges will influence the business. Lastly, we will also look at aspects impacting the future of payments such as E-identity, value added services like E- and M-payments, migration card payments to SEPA and processing payments in near/real time with 24x7 availability.

  • Martin Bellin, CEO, Bellin
  • Markus Jörg, Director Cash Management, Hessische Landesbank
  • Michael Steinbach, CEO, Equens
  • Christian Westerhaus, Managing Director, Deutsche Bank
  • Matthias Schmudde, Head of Payment System Policy, Deutsche Bundesbank (moderator)

15:45 – 16:45

Panel discussion: Recent developments in the German securities landscape – what do they mean for you, and how should you be preparing?

The German and European securities landscapes are currently undergoing a tidal wave of change, largely driven by regulation and the ambition to create a single European market. Amongst these changes are the CSD regulation (CSDR) and the compulsory change of settlement cycle to T+2. With Germany already on T+2 though, what impact, if any, does this have, and why should German financial institutions be bothered? Traditionally the German securities back office processes have been divided between CSD and ICSD business. How is this likely to evolve with the coming into force of CSDR? Why should investment management institutions bother? What is in it for institutional investors? Another major change is TARGET2-Securities (T2S). Until now, the German market has had a tightly integrated and highly efficient exchange trading, clearing & settlement process, known to some as a “vertical silo.” What impacts do we expect T2S to have on this? T2S promises many improvements, including in areas such as liquidity and collateral management. How well have these benefits been communicated to and understood in the market? How far has the German market got with its practical preparations for T2S? What are the priorities and what is left to be done? Also, what impact will all of this have on the role of sub-custodians going forward? How will the competitive situation of players change with all of these developments? Will there be further consolidation or regionalisation? And finally, how high is the level of asset servicing complexity in Europe and what more should be done about it?

  • Roland Kipper, Director, Head of Section Transaction Services, Commerzbank 
  • Dirk Loscher, Director, Securities Country Manager Germany, Citigroup
  • Jochen Metzger, Direktor, Head of the Department Payments and Settlement Systems, Deutsche Bundesbank
  • Götz Röhr, Direktor, Chief Administrative Officer, HSBC Trinkaus
  • Guido Wille, Executive VP Client Relations Europe & Americas, Clearstream

16:45 – 17:00

Closing remarks

  • Christian Kothe, Head of Central and Eastern Europe, SWIFT

17:00 – 18:00

Networking drinks