Join us on March 31, 2020 in Melbourne.
08:00 – 08:55
08:55 – 09:00
Chair’s opening remarks
09:00 – 09:30
Reserve Bank of Australia
Dr Guy Debelle commenced as Deputy Governor of the Reserve Bank of Australia on 18 September 2016. He is Deputy Chair of the Reserve Bank Board and Chair of the Reserve Bank's Risk Management Committee. Prior to his current role, Dr Debelle was the Assistant Governor (Financial Markets).
In May 2019, Dr Debelle was appointed Chair of the Global Foreign Exchange Committee (GFXC). Prior to this, he was Chair of the BIS Foreign Exchange Working Group responsible for the development of the Global Code of Conduct for the Foreign Exchange Market as well as Chair of the Australian Foreign Exchange Committee.
Dr Debelle worked at the International Monetary Fund, Bank for International Settlements, Australian Treasury and as a visiting professor in economics at the Massachusetts Institute of Technology (MIT). He graduated from the University of Adelaide with an honours degree in economics and gained his PhD in economics at MIT under Stanley Fischer and Rudi Dornbusch.
Dr Debelle is a signatory to The Banking and Finance Oath.
09:30 – 10:10
Regulatory update: Overview of benchmark reforms and the impact on clearing
- Paradigm shift in FX benchmarking: the death of LIBOR
- Assessing the impact on clearing from new benchmarks (RFR)
- Key priorities regulators will be assessing and what it means for market participants
10:10 – 10:40
Morning networking break
10:40 – 11:25
Panel discussion: Evaluating quality of FX liquidity amid the rise of eFX and compressed margin environment
- Latest trends, breakthroughs and innovation in eFX
- Finding alternative sources of liquidity through electronification of FX – how is liquidity quality different across various sources?
- New metrics in searching and evaluating new e-FX liquidity providers
- How institutions should use analytics to understand the quality of liquidity they aggregate and optimize liquidity provider selection
11:25 – 11:55
FX Post Trade, Blockchain, Distributed ledger Technology and FX Settlements
- Examining the global trends in the post trade FX market
- The role and potential of blockchain from a post trade point of view – initiatives, working groups, POCs
- Is an enhancement of the current infrastructure the answer? Effects on settlement times and costs
- What the superannuation industry is telling us
11:55 – 12:40
Super fund think tank: Superannuation funds and FX in low-interest-rate world
- How are superannuation funds diversifying their holdings and boost returns in the low interest rate environment?
- Why are some funds increasing their offshore holdings but hedging less of their FX exposure?
- How is the increased investments in private capital markets going to affect funds’ overall FX exposure control?
- Active approach to currency management: alpha generating or risk mitigating?
- Using target foreign currency exposure vs. traditional hedging ratios
12:40 – 13:40
13:40 – 14:00
Panel discussion: Outlook for global FX markets in a dynamic geopolitical landscape
- The impact of the US-China trade war, Brexit and other geopolitical events on FX markets
- FX markets in the 2020 recession: how will central banks and governments respond?
- Fate of the AUD, RMB and USD in 2020 and beyond
14:00 – 14:45
Panel discussion: FX clearing - market drivers and developments
- Understanding the impact of new capital and margin requirements on FX clearing
- How regulatory developments around the world are affecting clearing across various product categories
- What are the drivers motivating institutions to clear their FX?
- Are buy side firms and regional banks clearing their FX?
- The role of automated and electronic trading in creating liquidity and greater use of clearing
14:45 – 15:30
Panel discussion: Exploring corporate hedging strategies in a heightened risk environment
- How have corporate hedging strategies changed in response to heightening geopolitical risks?
- The use of customized instruments to achieve desired objectives and flexibility
- The evolution of the corporate treasurers’ role in hedging amid a changing regulatory environment
- How corporates should adapt to increased electronification and need for best execution
15:30 – 15:50
Afternoon networking break
15:50 – 16:10
Future proofing quant and algorithms in FX - driving towards a sustainable future
- Current applications of algo trading and quant analysis in institutional portfolios
- Have buy side utilized algo and quant in maximizing performance driven FX trading?
- Given the increased amount of FX data, how have institutions benefited from a wider use of data mining and machine learning techniques for useful analysis
- How should banks supervise their electronic market-making activities to embrace the growing prevalence of algo FX?
16:10 – 16:50
Craft beer industry roundtable
Led by a subject matter expert, each roundtable will provide delegates with an opportunity to delve deeper into the controversial issues that arise throughout the day and that are causing concern throughout the industry at present. A perfect chance to exchange ideas on how your industry peers are overcoming these issues too.
Roundtable 1: The role of FX in your portfolio: alpha generator or risk mitigator?
Roundtable 2: Superannuation industry roundtable
Roundtable 3: Resourcing FX operations: outsource or manage in-house?
Roundtable 4: Benchmark reform and FX
Roundtable 5: Corporate treasurer roundtable
16:50 – 17:10
Craft beer Industry roundtables - quick fire summary
17:10 – 17:15