An extended period of low and even negative interest rates has forced treasurers in all regions to assess new ways of managing and investing their cash. With the impact of new regulation such as EMIR, Basel III and MIFID starting to be felt across the financial sector, banks are prompting their corporate clients to explore a wider spectrum of secured investment opportunities including triparty repo. Counterparty and bail-in risk mitigation remain key concerns but there are also significant opportunities emerging through the drive for greater transparency and automation in transaction execution and processing.
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Stephen joined the ACT Policy & Technical team after 44 years in banking and corporate treasury in Australia, the UK, and Germany. Recent decades have been spent in the UK regulated and privatised utility industries on domestic UK treasury management and that of their world-wide investments. Scope of work has included: building corporate treasuries from scratch; corporate bank and bond finance; bank, bond, and supra-national agency funded project finance; flotation, divestment and acquisition financing; and operational treasury for SMEs and FTSE 100 companies. Stephen is MCT qualified.
Nick is a Managing Director in the financial markets division at Lloyds Bank, leading the strategic liquidity solutions group. The group provides corporate clients with strategic liquidity solutions as well as advice on the impact of financial markets regulatory reform. He has been with the Lloyds Banking Group for seven years, in a variety of roles including OTC derivatives clearing and managing rate and FX risk sales teams, covering both corporates and financial institution clients. Nick has over 25 years’ experience in banking in both sales and trading roles at Nomura, III Global, Fleet Boston and Bank of America.
Steve Lethaby is a vice-president within the Global Securities Financing (GSF) Sales and Relationship Management department at Clearstream Banking. Based in London, he is responsible for day-to-day triparty sales and relationship management and client implementation (repo, securities lending and collateral management) looking after clients and prospects based in the UK, Ireland, South Africa and the Americas.
Steve joined Clearstream in 2008 working in the Origination / Global Securities Financing Sales team as a Sales/relationship manager for triparty collateral management clients.
Steve has held previous roles as Regional Sales Manager for Sungard Data Management solutions and as Vice President at Pershing Securities working in a Sales and Relationship role.
Steve holds a BA (Hons) in Economics and Law from the University of Wolverhampton.
Darren Wilson is a Senior Treasury Dealer based at Bupa’s head office in London, he is responsible for day-to-day management of the treasury front office, reporting directly to the Group Treasurer and is also responsible for supporting the Group’s asset management strategy.
Darren joined Bupa in 2012 as a Treasury Dealer and Analyst before moving into the current management role in July 2014.
Darren has previously occupied various treasury roles at BAE Systems, Anglo Irish Bank and Lloyds Banking Group over the last 10 years.
Darren holds a 1st class BA Hons in Economics and Management from the University of Leeds and is CIMA and AMCT qualified.