12:00
Collateral Conference 2025
Programme
Opening remarks
Sebastien Danloy - Chief Business Officer, Euroclear
Panel 1 - Repo markets: Navigating liquidity, rates and regulations
Amid heightened geopolitical uncertainty, regulatory shifts and evolving monetary policy, the repo market is experiencing renewed volatility and structural transformation. This panel will discuss how these forces are reshaping funding costs, collateral flows and risk management strategies, offering attendees a timely perspective on navigating short-term financing in a rapidly shifting environment.
Panel 2 - Future trends in buy-side derivatives and balance sheet management
Securities financing is undergoing rapid and significant transformation, as innovative entrants, especially fintech organisations, disrupt established market flows and introduce a variety of alternative transaction structures. Furthermore, the sector is witnessing a notable revival in principal trading, adding further challenges to the landscape.
Our esteemed panel of experts will delve into the myriad opportunities emerging from these trends, whilst critically examining the challenges that they create for existing regulatory frameworks and operational models. As regulators intensify their focus to keep up and cutting-edge technologies fuel a sweeping digital revolution, the industry finds itself on the cusp of a new era characterised by both exciting prospects and increasing complexity.
Attendees can expect the panel to offer actionable guidance and strategic insights on how institutions can successfully navigate this evolving environment, adapt to change and proactively position themselves to thrive in an increasingly competitive and technologically advanced marketplace.
Fireside chat on US mandatory clearing
Jim Tabacchi - Chief Executive Officer, South Street Securitites Holdings
Barrie Ringelheim - Managing Director, Citi
Laura Klimpel - Managing Director, Head of DTCC’s Fixed Income and Financing Solutions
Our three guests from the US financing markets will share their insights on the impending US Treasury clearing mandate and its impact on the securities financing markets. The mandate is expected to result in significant structural changes to US Treasury markets in both the US and internationally, ahead of its roll-out in mid-2027 for US Treasury repo markets.
Euroclear update
Marije Verhelst - Head of Product Strategy and Product Development Collateral Management and Securities Lending, Euroclear
Aki Vlahodimos - Chief Marketing Officer, Euroclear
Marije will highlight key milestones achieved during an exceptional year of growth, which has surpassed 10%. She will delve into Euroclear’s multi-year development plan, illustrating how these initiatives can drive your business forward.
Let's talk openly
Corentine Poilvet-Clediere - Chief Executive Officer, LCH SA
Sebastien Danloy - Chief Business Officer, Euroclear
This session will explore preserving client choice, building scale and favouring circulation of collateral across the EU as ways of creating value for European financial markets.
Keynote speaker: Building Europe’s future on stability
Olivier Pujal - Senior Advisor to the Chief Financial Officer at the European Stability Mechanism (ESM) in Luxembourg.
His keynote speech will be highlighting the ESM’s perspectives on the importance of establishing European safe assets to advance the development of European capital markets.
Closing remarks: Valérie Urbain - Chief Executive Officer, Euroclear
Opening remarks
Mike Reece - Managing Director, Head of Market Liquidity, Euroclear
Panel 3 - Securities financing in the fast lane: Seizing opportunities and overcoming challenges
Securities financing is a rapidly changing landscape, where new players, including fintechs, are reshaping both traditional market flows and presenting alternative structures. Additionally, there is a resurgence of principal trading.
Our expert panel will explore the opportunities these trends present, while also addressing the challenges they pose to existing frameworks and operational models. With regulatory attention increasing and technology driving a wave of digital transformation, the market is entering a period of both promise and complexity.
This panel will provide valuable insights into how institutions can navigate this evolving environment and position themselves for success in an increasingly dynamic and digitally driven future.
Europe is on the brink of a major financial transformation with the move to a T+1 settlement cycle - reducing the time between trade execution and settlement from two days to one. This shift promises greater market efficiency, reduced counterparty risk and alignment with global financial hubs like the US.
But with opportunity comes challenge. The accelerated timeline demands quicker and sharper forecasting of inventory, liquidity and funding needs - raising the question: is the industry truly ready?
Join our expert panel as we unpack the implications of this transition, explore the operational and strategic hurdles and discuss how firms can prepare for a smoother path forward in this new era of settlement.
Closing remarks: Isabelle Delorme - Head of Product Strategy & Innovation, Euroclear
