GLOBAL BANKING DISCOURSE SERIES

TRICKS OF THE TRADE 2: THE (MIS)BEHAVIOUR OF FINANCIAL MARKETS

18 JULY 2018 | 8.00 AM 5.30 PM
CONFERENCE HALL 1, SASANA KIJANG, BANK NEGARA MALAYSIA

Introduction

Following the success of the first series, the Asian Institute of Chartered Bankers is organising the second Tricks of the Trade discourse series in close cooperation with the FICC Markets Standards Board (FMSB), UK.

Though markets can be powerful drivers of growth, global financial markets have also incurred huge losses from various market abuses, including insider dealing, unlawful disclosure of inside information, and market manipulation, among others. The world’s top 20 banks were hit with conduct charges totalling £264 billion between 2012 and 2016, an increase of nearly a third compared to 2008–2012.

Through this conference, gather deeper insights and learn about the tricks of the trade as to how these abuses take place, as well as address the safeguard measures financial institutions need to identify to reduce financial market abuse risks.

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Wednesday, 18 July 2018
0800 0900 Registration & Refreshments
0900 0905 Welcome Remarks by Prasad Padmanaban, Chief Executive, Asian Institute of Chartered Bankers
0905 1005 Session 1: FMSB and Market Conduct Overview, and Behavioural Cluster Analysis

  • Market Misconduct: The Direct Cost & Cost to Industry
  • History — Manipulated Markets
  • Drivers and Diagnostics
  • Market Misconduct: The Void
  • Behavioural Cluster Analysis historical analysis of over 390 cases of market manipulation
1005 1020 Tea Break
1020 1230 Session 2: FMSB  Insights into Financial Market Misconduct
This session will cover topics including:

  • Wash and Matched Trades
  • Spoofing and Layering
  • Bull/Bear Raiding
  • Ramping and Pools
  • Corners and Squeezes
  • Execution Conflicts
  • Closing and Reference Prices
  • Insider Dealing
  • Window Dressing
  • Parking and Warehousing
  • Confidential Information
  • New Issues and M&A
  • Technology and Conduct
1230 1330 Lunch
1330  1545 Session 3: FMSB Update
This session will cover topics including:

  • Market Misconduct: The Causes
  • FMSB Goals
  • FMSB Scope
  • FMSB: Global Engagement
  • Summary of FMSB Completed Work & Examples
  • Electronic FICC Market Vulnerabilities – Examples
1545 1600 Tea Break
1600 1730 Session 4: Oliver Wyman Controls Architecture

  • Perspectives on how banks are addressing market conduct issues
    • Key trends & case studies
  • Key challenges and lessons learnt
1730 End of Event

*Please note that the event agenda is subject to change.

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Gerry Harvey

Chief Executive, FICC Markets Standards Board (FMSB)


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Gerry Harvey is the Chief Executive of the FICC Markets Standards Board (FMSB). He was Group Head of Compliance for the ICAP Group from 2010 to 2015. Prior to ICAP he worked at a number of organisations including the Global Banking and Markets Division of RBS, Nikko Europe, LIFFE and NatWest Markets. He is a qualified Solicitor and worked at Cadwalader, Wickersham and Taft and Milbank, Tweed, Hadley and McCloy in London.

Craig Beevers

Senior Technical Advisor, FICC Markets Standards Board (FMSB)


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Craig Beevers has over 25 years of experience in the financial markets, on both the buy-side and the wholesale sell-side. He has experience trading a variety of interest-rate products and structuring a range of interest-rate derivatives and other structured products, both as a trader and on the buy-side for several major private equity funds. In addition, Craig has spent over 10 years of his career in risk management, including as Head of Global Risk for Nikko Europe (now part of Citigroup). Craig has provided a range of advisory and consultancy services to fund investors and expert testimonies on several high-profile commercial disputes in the financial markets.

Wei Ying Cheah

Partner, Finance & Risk Management Practice, Oliver Wyman


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Wei Ying is a Partner in Oliver Wyman, having spent time in Europe and Asia. She is part of Oliver Wyman’s non-financial risk practice. She has worked with major Asian and European financial institutions including in Retail, Wholesale, Insurance and Wealth businesses on Finance & Risk, as well as IT and Operations engagements. Her primary focus is on non-financial risk — she maintains the firm’s intellectual capital on a variety of non-financial risk topics spanning Operational Risk, Business Risk, Reputational Risk, Conduct Risk, Compliance & Audit.

David McClean

Senior Technical Advisor, FICC Markets Standards Board (FMSB)


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David McClean has worked in the wholesale financial markets for over 30 years in London, New York and Tokyo. He has held senior trading roles in fixed income and treasury at various investment banks, including Nomura from 1999 to 2005, and UBS from 2005 to 2008; from 2009 to 2014, he worked in investment management, including being a partner at Ruffer LLP. He is a CFA charterholder and has provided expert opinion and consultancy services in several commercial disputes in the financial sector.

Jayant P. Raman

Principal, Finance & Risk Management Practice, Oliver Wyman


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Jayant is a Principal based in our Singapore office and a member of our Finance & Risk Management practice. Jayant has previously been based in OW’s Sydney and London offices. He has worked with our Tier 1 clients across geographies including Asia Pacific, North and South America, Europe and Africa.

Jayant’s project experience in Oliver Wyman spans a wide range of topics across Finance and Risk, Corporate and Institutional Banking, Retail Banking and Public Policy. In particular, he focuses on Non-Financial Risk topics across measurement, effectiveness and governance issues. He also covers emerging themes like Financial Crime Compliance, cyber, etc.


sasanakijang4

Sasana Kijang, Bank Negara Malaysia
2 Jalan Dato’ Onn
50480 Kuala Lumpur

Kindly refer to Google Maps here for directions to the venue. Ample parking is available on LG4 and LG5 at Sasana Kijang at RM5.00 per entry (flat rate).

sasana-map2

Registration Fees

AICB Member Rate   RM1,000 nett
Non-Member Rate   RM1,200 nett

*The Global Banking Discourse Series is STF claimable — AICB Members are entitled to 7 CPD Hours

DOWNLOAD REGISTRATION FORM

Please complete the registration form and submit it via mail, fax or email to:

ASIAN INSTITUTE OF CHARTERED BANKERS
Wisma IBI, 5 Jalan Semantan, Damansara Heights
50490 Kuala Lumpur

For further enquiries, please contact:
+603 2095 6833 (Harpreet: Ext. 157/Katherine: 224)
Fax: +603 2095 2322
Email: membership@aicb.org.my