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CONFERENCE AGENDA: The Sixth Annual Finance Dublin Conference - Preparing for the Future of Ireland's International Financial Services Sector
For the up-to-date conference programme: click here.
The conference brochure is available by clicking here [pfd link].
Conference highlights
The importance of financial services to Ireland
Opening address by Brian Cowen, Minister for Finance
Financial regulation in Europe
- The role of regulation in deepening capital markets, lowering costs, and widening choice
- The dangers and pitfalls of over-regulating
- Charlie McCreevy, Commissioner for the Internal Market, European Commission
International tax competition, Ireland’s position, and the EU financial services industry
- The importance of protecting and preserving the right to engage in tax competition
- Tax competition as a liberalising force in the global economy: Ireland in context
- Dr Daniel Mitchell, McKenna Senior Fellow in Political Economy, The Heritage Foundation. The Heritage Foundation publishes the annual 'Freedom Index' in conjunction with the Wall Street Journal. The 2005 Freedom Index, published in January this year puts Ireland at fifth position globally. Dr Mitchell is the Foundation's foremost authority on international taxation matters.
Europe, Ireland, the EU Single Market and Ireland’s opportunities in funds and other
financial services
- Investment management - a progressive element of the Single Market for financial services
- Do we need a further push towards market integration?
- Dr Wolfgang Mansfeld, President, EFAMA (formerly FEFSI, The EU representative body for the funds industry), and member, Executive Board of Union Investment
Case Study: Hartford Life Ltd which will be the US company’s European head office. The Hartford, Launching in Dublin in April will sell American style life insurance products into Europe, particularly in the UK, where it plans to capture a significant share of the UK market.
Gregory Boyko, Head of International Operations, Hartford Life Ltd
The EU’s Financial Services Action Plan (FSAP) Enda Twomey, Deputy Chief
Executive, Irish Bankers Federation
Getting Europe to listen, the importance of lobbying in Europe
The City has Teresa Villiers, MEP; Ireland now has two MEPs (Gay Mitchell and Eoin Ryan) on the EU’s Monetary Policy Committee, which is responsible for overseeing the finance sector - how can they be used?
- Gay Mitchell, MEP
Harmonisation of Europe's securities markets - the challenges for Ireland
- Clearing and settlement - market participants take the lead; The changing exchange landscape; Ireland’s positioning
- Brian Healy, Director of Trading, Irish Stock Exchange
The international financial services sector in Ireland – the future
- Overview of the study on the future of the international financial services sector in Ireland
- The global trends which are likely to have a significant impact on Ireland
- Derek Moriarty & Paul Reck, Partners, Deloitte
'Review & Outlook' statements on the major sectors, by the chairmen of the Taoiseach's Clearing House Committees - namely Banking & Treasury (Walter Brazil, AIB), Funds (David Dillon, Dillon Eustace), and Insurance (John Larkin (William Fry)
The Risk-based approach to anti-money laundering
- John C. Bourbon, CEO of Regulatory Affairs, KYCOS and former Managing Director of the Cayman Islands Monetary Authority
Panel Discussion: The international financial services sector in Ireland – the future
The key strategic marketing objectives of IDA Ireland, and wider Government policy for the development of international financial services will be discussed.
Discussion participants: Deirdre Lyons, Director of Financial Services IDA Ireland, William Slattery, (moderator) CEO State Street, and chairman of FSI; and the chairmen of the Taoiseach's Clearing House Groups, and Paul Reck and Derek Moriarty, Deloitte.
Panel discussion: taxation opportunities and issues in 2005 for International financial services
- Pat Wall, Panel Chairman, Tax Partner, PricewaterhouseCoopers; Paul McGowan, Tax Partner, KPMG; Paul Reck, International Tax Partner, Deloitte; PJ Henehan, Tax Partner, Ernst & Young
Case Study : Susquehanna International Group which employs over 70 people in Dublin. Formed in 1987 Susquehanna is a leading market making firm active in 5 continents. It recently joined the Irish Stock Exchange and is active in launching an Exchange Traded Fund based on the ISEQ.
Ben Conte, CEO, Susquehanna Ireland
Case Study: Pioneer Alternative Investments. With over US$3.8bn of assets under management PAI is one of the leading companies in the alternative investments arena and employs over 300 in Dublin Alberto LaRocca, CEO, Pioneer Alternative Investments
The Pan-European pensions roadmap
- Pan-European pensions directive; Asset pooling and administration
- Pat Wall, Partner, PricewaterhouseCoopers, and chairman, Pan-European Pensions Task Force of the Taoiseach’s IFSC Clearing House Group
Developing regulation to make the best of the opportunities
- The future of financial regulation: principles or rules issues for the Irish financial services sector
- EU legislative developments, the wider international context and impact
- Dr Liam O’Reilly, Chief Executive, Irish Financial Services Regulatory Authority (IFSRA)
Panel Discussion - The Regulatory Agenda - Rachel Panagiodis,Hansard, James Deeny, Aileen O’Donoghue, CEO FSI, Damian Neylon, PWC and the Inter Association Network, Enda Twomey Deputy CEO Irish Bankers Federation;
After Lunch Address: 'Financial Services Innovation - a corporate perspective', Peter E Lynch, CFO Eircom who structured Eircom's flotation last year and which was accorded ‘Deal of the Year’ in the Finance Magazine Deal of the Year Survey 2004.
A CHOICE OF TWO INTRODUCTORY half day (morning) seminars: APRIL 5TH 2005
Tuesday 5th April 2005
Overview - History; and Definition, Their role in investment markets, Typical fee structure, Their development in the 1990s, and early 2000s, Major case studies eg Long Term Capital Management, Their recent performance and questions about their prospectsOverview, History, Definitions, Future. - David Sung, Senior Partner, Ernst & Young New York, Chairman
Investment models and the major (and emerging) strategies. Guy Saintfiet, Head of Alternative Investments, KBC Asset Management (KBCAM)
Hedge funds regulation and governance, domiciles, markets, and administration centres Michael Jackson, Partner, Matheson Ormsby Prentice
Hedge fund administration, custody and prime brokerage – roles, and processes; - The roles of the prime broker; -The role of the administrator; - The role of the custodian; - The due diligence process - Gerald Brady, Consultant (former Regional Managing Director of Bank of Bermuda in Europe and Head of Bank of Bermuda Ireland
Tuesday 5th April 2005
Credit Derivatives and their growth: Types and their motivations, Size & the players and users in the market, regulatory concerns about distribution of credit risk.- Patrick Neary, Prudential Director, Central Bank of Ireland
Credit Default Swaps - the building block for most credit derivative structures.The evolution of ISDA documentation. Key terms. Settlement process.
Nollaig Murphy, Partner, A&L Goodbody
Portfolio Credit derivatives
Equity default swaps and CDO of EDS: Key terms and documentation. Dividend & distribution issues. Single tranche CDO structures with illustrative payoffs & variations. Importance of reference credits selection & p/e valuations. Toe in the water issues for investors. Models and model risk issues for dealers. - Frank Monks, Chief Executive Officer, Nexgen Financial Solutions, Chairman.
Accounting and regulatory issues: IFRS & fair value issues - FAS 133 and IAS 39, IFSRA guidance notice on regulatory capital requirements Basel II treatments & Pillar Two supervisory issues.
Conference chairpersons
Pat Farrell, Chief Executive of the Irish Bankers Federation
Dermot Cahillane, Managing Director and member of the Executive Committee, DEPFA Bank plc
Mary Fulton, Partner in charge of financial services audit group, Deloitte
Case Studies of IFS companies
Case Study 1: Hartford Life Ltd which will be the US company’s European head office. The Hartford, Launching in Dublin in April will sell American style life insurance products into Europe, particularly in the UK, where it hopes to capture a significant share of the UK market.
Gregory Boyko, Head of International Operations, Hartford Life Ltd
Case Study 2: Susquehanna International Group which employs over 70 people in Dublin. Formed in 1987 Susquehanna is a leading market making firm active in 5 continents. It recently joined the Irish Stock Exchange and is active in launching an Exchange Traded Fund based on the ISEQ.
Ben Conte, CEO, Susquehanna Ireland
Case Study 3: Pioneer Alternative Investments. With over US$3.8bn of assets under management PAI is one of the leading companies in the alternative investments arena and employs over 300 in Dublin Alberto LaRocca, CEO, Pioneer Alternative Investments
For further information on the conference, please follow this website link to last year's conference click here and the link to Finance Dublin & Finance Magazine is www.financedublin.com.
Key themes of the conference
The key issues on the European and global stage as a backdrop for the debate on the future of the Irish financial services industry, in the light of the Government's recent consultancy report on the future of the sector. It will also highlight the opportunities for companies and the future for the international financial services sector in Ireland as new global sectors emerge. An example is Pan European pensions, which will be covered in an overview paper by PricewaterhouseCoopers' Pat Wall, chairman of the Government working group on the subject, and others highlighted in the Deloitte Report will be highlighted.
The industry complains of legislative fatigue as an avalanche of EU Directives line up for implementation
- Update on Directives coming on stream i.e. Prospectus/MiFID/SolvencyII/Reinsurance/Capital Adequacy/Market Abuse/Transparency/ Company law
Charlie McCreevy, EU Commissioner for the Internal Market will provide his perspective, both as an EU Commisioner, and former Irish Finance Minister. The new Irish Finance Minister will open the conference with a keynote address on the importance of the sector to Ireland.
International Tax Competition, Ireland’s position, and the EU financial services industry
Dan Mitchell, The Heritage Foundation, Washington, US
Taxation developments: Opportunities for Irish-based IFS companies in 2005
- The new Holding company regime; Capital duty; VAT; The latest ECJ developments
- Participants: Partners reponsible for financial services taxation, in the four leading accountancy firms: chairman, Pat Wall, Partner PricewaterhouseCoopers, Paul Reck, Deloitte, PJ Henehan, Ernst & Young, Paul McGowan, KPMG
Speakers at the conference in recent years are listed at: http://www.fintelguides.com/hedge/people.php
The conference will be unique in the following respects:
the conference is the only event to provide an IFSC-wide perspective on all issues of common concern in banking, funds, insurance, asset finance and treasury
it will address the currently crucial issue of the new Irish regime of financial regulation with insights from Irish, European and world experts
there will be unparalleled comprehensive updates of the major business environment issues including taxation, and priorities for financial services legislation
Case studies will be presented of IFS companies who have successfully added value to their operations
the speaker panel includes many senior executives from leading IFS parent companies, and regulatory bodies and policy making units
It will be a forum for industry representatives to debate and recommend solutions on issues raised
all sectors of the IFS will attend the conference making it an excellent opportunity for networking
The benefits for you:
gain in-depth insight on all the strategic issues facing Ireland’s IFS sector
learn from the experiences of world class financial services organisations in adding value to their core operations in financial centres such as Ireland
make contacts and interact with famous names in world financial services in this information intensive environment
choose from two innovative seminar sessions examining the key topics of Hedge Fund Management/Administration and Credit Derivatives
The conference is of particular importance to:
Managing Directors and Chief Operations Officers
Business Development Managers
Regulatory & Compliance Officers
Personnel, Education & Training Executives
Taxation Strategists & Advisers
Government Representatives - Financial Services Promotion
IFSRA and other Regulatory Executives
Insurance and Life Assurance strategic planners
Development strategists in the Funds Industry
Legal Advisers
European Legal Counsel
Directors of Risk Management
Heads of Centralised Financial Processing Operations
Finance Shared Services Centres Executives
Treasury Centre Managers
Strategic Research Managers
Group Heads of Strategy
Recruitment Consultants
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Function Sponsors
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Exhibitors
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