ISLA 32nd Annual Securities Finance & Collateral Management Conference
- 17-19 June 2025
- Madrid, Spain
ISLA 32nd Annual Securities Finance & Collateral Management Conference
Tuesday 17th June
09:00 - 12:30
Beneficial Owner Briefing (Closed-Door)
We are delighted to invite all of our qualifying beneficial owner delegates to an exclusive morning session, co-hosted by industry leaders Matt Brunette, Global Head of Financing, NBIM and Tommaso Sechi, Head of Securities Finance, GIC.
What should attendees expect:
If you would be interested in attending, please make sure you register for the main conference below and then RSVP for the closed-door session via events@islaemea.org. A reminder that qualifying Beneficial Owners can attend the conference for FREE!
In Partnership with;
12:00 - 13:15
ISLA Connects Networking Lunch (By Invitation Only)
13:00 - 13:30
Registration
13:30 - 13:50
Welcome Remarks & ISLA Strategic Priorities 2025
ISLA CEO, Andrew Dyson will outline the strategic priorities and collaborations for the Association in 2025, including the continued expansion of activities across ISLA Americas, the increased focus on developing and emerging securities lending markets, such as Spain, the Middle East and Africa, and the ever-evolving global regulatory agenda that promises to offer further twists and turns whilst influencing the evolution of our markets.
Speaker
Andrew Dyson Chief Executive Officer ISLA
13:50 – 14:15
From the Parliament to the Purse: The Influence of Global Politics on the Economy
Following a year of market-influencing global elections (including ‘Trump 2.0’), recent events have truly epitomised the phrase ‘expect the unexpected’. This session will examine the ever-close interplay between macroeconomics and geo-politics, and the factors that may shape the remainder of the year.
Speaker
Marion Laboure Senior Economist Deutsche Bank
14:15 – 14:50
Primed for Growth: Exploring the Competitiveness of the Spanish Capital Markets
As host nation of this year’s conference, this session will explore the current and future aspirations for the Spanish securities lending market, and how recent changes in economic policy coupled with regulatory developments may finally boost the competitiveness of the domestic capital market within the regional and global landscape.
Moderator
Elisa Ricón Holgueras Director General INVERCO
Speakers
Jesús Benito Chairman of REGIS-TR; Chief Executive Officer, IBERCLEAR; Head Domestic Custody & TR Operations SIX
Victor Rodríguez Quejido Director General of Policy and International Affairs Comisión Nacional del Mercado de Valores (CNMV)
14:50 – 15:20
Networking Refreshment Break
15:20 – 16:20
ISLA Global Advocacy, Regulatory & Legal Highlights
An overview of the in-flight and imminent regulatory hurdles and milestones impacting market participants after a year of global electoral change, a focus on competitiveness, and a shift in legislative priorities. This session will explore ISLA’s proactive advocacy efforts across a range of policy areas from, digital, to tax, with a spotlight on prudential policy to champion the industry’s crucial role in empowering capital markets. Amongst other things, this session will also cover legal initiatives that the Association is prioritising for 2025, including any further updates to the GMSLA documentation suite as well as new netting jurisdictions.
Moderator
Alistair Griffiths Director, Business Development ISLA
Speakers
Tina Baker Head of Legal Services, ISLA Connects Lead ISLA
Adrian Dale Head of Regulation & Markets ISLA
Fran Garritt Chief Executive Officer ISLA Americas
Farrah Mahmood Director, Regulatory Affairs ISLA
16:20 - 16:40
Comfort Break
Delegates will be invited to take a short comfort break and grab a refreshment before returning to the main conference room for the thematic discussions.
Thematic Discussions
This year, ISLA will hold two interactive thematic discussions back-to-back, giving delegates the opportunity to attend both sessions. The discussions are designed to encourage a healthy debate and exchange of views between speakers and participants for a deeper dive into two of the key themes expected to shape our market over the coming years.
Pre-registration is required so we can assemble smaller groups for this part of the agenda. Registration is now closed, however, conference delegates can request to be added to a waitlist by contacting us at events@islaemea.org.
16:40 – 17:25
Thematic Discussion I: Accessing Retail Liquidity
While retail lending is not new, recent ‘tech-first’ entrants have injected new impetus into the space, with retail investors accessing securities lending via a range of platforms, aggregators, and neo-broker-type institutions. In this thematic session, and ahead of the panel on the 18th entitled, An Evolving Playbook: The Future of Securities Financing, that will cover this supply-source given the shift in momentum and recognition, we will do a deep dive into the landscape. Amongst other things, we will explore the stakeholders that are involved, the various models that exist today, as well as some of the opportunities, benefits and best practice considerations to accessing this source of liquidity.
Moderator
Sarah Nicholson Director Consolo Ltd
Speakers
Patrick Archenhold ISLA Board Member, Executive Director, Prime Financing – EMEA Head of Inventory Supply Morgan Stanley
Jalal Faruki Head of Custody & Securities Services SNB Capital
Jemma Finglas Head of Business Development, Execution Services EMEA Citi
Kirishan Srivaratharajah Group Business Performance Director and MD Securities Lending Titan Wealth
17:30 - 18:15
Thematic Discussion II: T+1: A View from the Trading Desk
With the go-live date edging closer for the EU and UK transition to T+1, this thematic session will draw on learnings from the US transition and explore the practicalities of implementing T+1 across these more nuanced and fragmented markets. With one eye on profitability, and the other on balancing different counterparties, synchronising across time zones, and managing geographically diverse teams, we will consider all the facets of migrating to T+1 and how these may impact trading behaviours. How might traders navigate global relationships, local commitments, and internal hurdles to preserve P&L, whilst remaining competitive pre- and post- migration.
Co-Moderators
Tony Holland Director, Market Practice ISLA
Roy Zimmerhansl Head of Capital Markets WTS Hansuke
Speakers
Monique Baines Director, Securities Lending & Collateral Optimisation Scotiabank
Andreas Biewald Managing Director, Senior Advisor Cash and Collateral, Treasury Department Commerzbank
Giovanni Sabatini Independent Chair EU T+1 Industry Committee
18:15 – 20:15
Welcome Networking Reception
To close day one of this year’s conference, we invite registered conference delegates to attend an evening networking reception at the Hotel Puerta America. This is an ideal opportunity to engage with industry peers!
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