Past Event

ICMA Seminar on the impact of MiFID II and related regulations on the Nordic secondary bonds and derivatives market

MiFID II, effective from January 2017, will together with a few other key regulations, define the future market for bonds and derivatives trading. MiFID II in particular introduces pre-trade transparency with firm executable prices distributed to a large number of clients and near real-time, post-trade disclosure of, among other things, price and size. This will, if not addressed, especially in combination with increasingly costly capital and funding requirements for market makers, pose a great threat to the liquidity and overall functioning of the Nordic marketplace. It is therefore of great importance for market participants to have a good understanding of these new regulatory requirements, their impact, and, most importantly, how to prepare for and contribute to a different, but still functioning Nordic marketplace also in the future!

This half day conference is an opportunity to hear policy experts from ICMA, experts and senior managers from the leading Nordic banks, investors and regulators discussing the current proposals from ESMA on MiFID II and related regulations and their likely effect on market functionality and liquidity, both from a European and Nordic market perspective.

ICMA is especially delighted to welcome Lars Rohde, Governor, Danish Central Bank as the opening keynote speaker at the conference.

http://www.icmagroup.org/

Agenda

12.00

REGISTRATION & LUNCH

12.50

INTRODUCTORY COMMENTS

Jens Peter Neergaard, Senior Executive Vice President, Danske Bank

13.00

KEYNOTE

Lars Rohde, Governor, Danish Central Bank

13.45

PRESENTATION: MIFID II AND RELATED REGULATORY REQUIREMENTS AND THE EFFECT ON TRADING, TRANSPARENCY AND LIQUIDITY IN THE SECONDARY MARKET

Fredrik Jenestrand, Head of Regulatory Strategy and Implementation, Nordea Markets FICC

14.15

PRESENTATION: EUROPEAN SECONDARY BOND MARKETS: THE LIQUIDITY CHALLENGE

Andy Hill, Director, Market Practice and Regulatory Policy, ICMA

14.45

COFFEE BREAK

15.00

KEYNOTE

15.30

PRESENTATION: FIXED INCOME ELECTRONIC TRADING: EVOLVING MARKET STRUCTURE

Liz Callaghan, Director, Market Practice and Regulatory Policy, ICMA

 

16.00

PANEL: NORDIC MARKET IMPACT FROM MIFID II AND RELATED REGULATIONS

Moderator: Tim Skeet, Managing Director, Royal Bank of Scotland plc

Panellists: Jacob Gyntelberg, Head of C&I Capital and Regulatory Strategy, FVP Markus Mild, Senior Analyst, Swedish Financial Supervisory Authority Jens Rygaard, Head of Global Rates Trading, Nordea Markets FICC

16.50

CLOSING REMARKS

Jens Peter Neergaard, Senior Executive Vice President, Danske Bank

17.00

CLOSE

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