ISLA 33rd Annual Securities Finance & Collateral Management Conference
- 15-18 June 2026
- Lisbon, Portugal
ISLA 33rd Annual Securities Finance & Collateral Management Conference
23 days until the event
Please note that the agenda timings are in WET.
Monday 15th June
17:00 – 19:00
Monday Meet & Greet
We are pleased to invite registered delegates to join this late afternoon networking event on Monday 15 June, on the Scale Bar Terrace. Launched in response to the growing number of delegates who arrive ahead of formal proceedings on Tuesday.
Kindly sponsored by:
Tuesday 16th 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 Sharon Terry, Securities Lending Specialist, L&G Asset Management.
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)
We are delighted to invite all of our qualifying ISLA Connects delegates to an exclusive Networking Lunch kindly sponsored by BNY. Delegates will have the opportunity to meet peers, invited guests, and ISLA staff to network ahead of the formal sessions starting.
Delegates will also have the opportunity to hear from Gesa Johannsen, Executive Platform Owner – Global Collateral Platform, BNY, where Gesa will share, amongst other things, her own personal career insights and practical advice on career progression, amongst other things.
Kindly sponsored by:
13:00 – 13:30
Registration
13:30 – 13:40
Welcome Remarks & ISLA Strategic Priorities 2026
Speaker
Ina Budh-Raja Chief Executive Officer ISLA
13:40 – 14:10
Geo-Political Outlook
Speaker
Geoffrey Yu Senior Macro Strategist BNY
14:10 – 14:40
Beyond Borders: The New Frontier of Global Securities Regulation
Today’s securities lending industry must navigate a complex web of national and global mandates that redefine risk and capital requirements. Join this expert-led fireside chat as we move from policy to practice, examining the cross border and cross product impact of international regulatory agendas.
Speakers
Bertrand Huet Senior Partner, Financial Services & Tech FleishmanHillard
Jakub Michalik Chief Policy Officer & Member of the Executive Committee Euronext
14:40 – 15:20
Networking Refreshment Break
15:20 – 16:05
ISLA Global Advocacy, Regulatory & Legal Highlights
From T+1, the Savings Investment Union, 10C-1a and Basel III, this session will provided delegates with the regulatory pulse of the in-flight and imminent regulatory hurdles and milestones impacting market participants.
Joined by ISLA Americas, our team will provide a dual-lens perspective on the legal and regulatory highlights of 2026. As firms review their operating models to avoid fragmentation, understanding the overlap between European and North American regimes is no longer optional—it is a competitive necessity.
Moderator
Ina Budh-Raja Chief Executive Officer ISLA
Speakers
Tina Baker Head of Legal Services, ISLA Connects Lead ISLA
Adrian Dale Head of Market Structure, Digital & RegTech ISLA
Fran Garritt CEO & President ISLA Americas
Tony Holland Director - Market Practice ISLA
Farrah Mahmood Head of Advocacy, Public Policy & Regulatory Strategy ISLA
16:05 – 16:15
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.
16:15 – 17:00
The Importance of Global Alliance: Aligning Priorities & Making Collaborative Progress
In a fragmented world, the strength of the securities finance industry lies in its collective voice. This session brings together leadership from our sister associations, including CASLA and SASLA, to share their regional mandates and common goals. From navigating divergent market infrastructures to advocating for standardised best practices, discover the global network of associations are working together to foster a transparent, efficient, and resilient global marketplace.
Moderator
Ed Oliver Managing Director, Product Development eSecLending
Speakers
Fran Garritt CEO & President ISLA Americas
Ina Budh-Raja Chief Executive Officer ISLA
Hitesh Harduth Chairman SASLA
Roanna Kim President CASLA
17:00 – 18:00
Thematic Discussion - Trading in a T+1 World
As the global shift toward T+1 settlement accelerates, the traditional ‘buffer’ between trade and settlement has all but disappeared. For the trading desk, this is more than just an operational hurdle; it is a fundamental shift in how liquidity is managed and how risks are priced. In 2026, with the US already in a T+1 rhythm and EMEA preparing for its own transition in 2027, market participants are grappling with the unintended consequences of “misaligned” settlement cycles.
This session will provide a ‘view from the front line’, looking at how trading desks are adapting to new trade lifecycles. We will specifically examine the inadvertent impacts on cross-geographical securities lending, where time-zone gaps and FX settlement mismatches can create new pockets of fragmentation.
Facilitator
Alessandro Cozzani ISLA Board Chair, Head of Equity Funding Bank of America
Speakers
Matthew Neville Managing Director, Head of Agency Lending Trading, EMEA State Street
Tony Holland Director - Market Practice ISLA
18:00 – 20:00
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 Epic Sana Hotel. This is an ideal opportunity to engage with industry peers!
Kindly sponsored by:
Wednesday 17th June
08:30 – 09:30
Networking Breakfast & Registration
Join us in the Exhibition Hall for a Networking Breakfast kindly sponsored by Alrajhi Capital ahead of the conference sessions starting
Kindly sponsored by:
09:30 – 09:45
Welcome Remarks & Recap
Speaker
Stefan Kaiser Managing Director, Global Head of Product for Securities Lending BlackRock
09:45 – 10:15
Opening Keynote Address
Keynote Speaker
José Maria Brandão de Brito Deputy Finance Minister of Portugal Portuguese Ministry of Finance
10:15 – 11:00
Leaders’ Perspectives & Predictions
In this flagship session, we invite senior industry leaders to move beyond the theory of market evolution to discuss the real-world execution of global strategies within a regional EMEA framework. Across securities lending, repo, the rise of new synthetic products, and the shifting regulatory landscape of 2026, this panel will provide a candid look at how the industry’s leading players are reviewing their operating models and trading strategies to remain competitive in an increasingly integrated capital markets ecosystem.
Moderator
Brooke Gillman Managing Director, Global Head of Client Relationship Management eSecLending
Speakers
Harpreet Bains Managing Director, Regional Head of Agency Securities Finance, EMEA J.P. Morgan
Matt Brunette Global Head of Financing Norges Bank Investment Management (NBIM)
Matt Collins Managing Director Morgan Stanley
Gesa Johannsen Executive Platform Owner – Global Collateral Platform BNY
11:00 – 11:40
Networking Refreshment Break
Kindly sponsored by:
11:40 - 12:10
Keynote Address
Keynote Speaker
David Rowan Technology Columnist and author
12:10 – 13:00
The Liquidity Revolution: Wallets, Tokens, & Global Access
As the boundaries between wholesale and retail markets continue to blur, a new liquidity paradigm is emerging. Our panellists will explore how technological advancements – from digital wallets to tokenised securities – are democratising access to securities finance while simultaneously deepening the institutional liquidity pool.
While much of the market is still adjusting to the post-T+1 settlement reality, atomic settlement and 24/7 liquidity are within grasp. This panel will evaluate the current state of market integration and whether the industry can harness the momentum without inadvertently creating new, disconnected silos and liquidity islands.
Moderator
Seha Islam Digital Assets Product, Operations, and Risk Leader EY
Speakers
Yalini Isweran Executive Director, Head of Digital Launchpad DTCC Digital Assets
Marton Szigeti Global Head – Collateral, Lending and Liquidity Clearstream
13:00 – 14:00
The Capital Efficiency Mandate: Pledge, Clearing, & the New Basel Reality
In an era of heightened capital costs, and the expected publication of the finalised Basel framework, ‘business as usual’ is no longer an option. This session will dive into the strategic pivot capital efficient trading structures including Pledge and Central Clearing (CCP).
As firms look to mitigate the impact of the Output Floor, the discussion will focus on the necessity of industry-wide alignment. Are we simplifying our legal and operational frameworks to allow for seamless collateral movement, or is the rush for capital relief creating a fragmented landscape of bespoke clearing solutions? Our experts will ask if the industry can align on a simplified, standardised approach to clearing and pledge to ensure EMEA remains a competitive hub for securities finance?
Speakers
Paul Tagliareni Managing Director Morgan Stanley
Jan Treuren Senior Director Product Cboe Clear Europe N.V.
Jan Treuren has over 30 years’ experience in the custody, clearing and in the settlement industry. He started his career at ING Bank Securities Services within the Paying Agency and Custody department , followed by a 12-year career at Deutsche Bank Amsterdam, where he had various management roles in client services, sales, operations, product management and his last function was Country Head of Direct Securities Services for Netherlands, Belgium, France, Portugal and Dubai.
Jan then moved to EMCF in 2011, where he was responsible for Business Development and Strategy, and following the combination with EuroCCP became Head of Product & Change Management. In 2021, Jan became Head of Operations at EuroCCP NV, where he was responsible for settlements, derivatives, collateral, corporate actions and change management and more recently in 2023, while EuroCCP NV was changed into Cboe Clear Europe NV, became the Head of Product for Securities and SFT Clearing, responsible for the roll-out of the Securities Financing Transaction clearing initiative.
14:00 – 15:10
Networking Lunch
Kindly sponsored by:
17:00 – 19:30
Networking Reception
Following a day of formal keynotes, panels and presentations, we will be hosting a networking reception on the Scale Bar Terrace, for all registered conference delegates.
Kindly sponsored by:
Thursday 18th June
08:30 – 09:30
Networking Breakfast & Registration
A light continental breakfast will be served in the Exhibition Hall.
09:30 – 09:45
Welcome Remarks & Recap
Speaker
Keren Halperin Deputy CEO & Chief of Staff Sharegain
09:45 – 10:30
New Players, Different Game?
The traditional securities lending value chain is being disrupted by a new, democratic source of supply: the retail investor. Once considered ‘marginal’, retail assets now represent a vital liquidity buffer, particularly in hard-to-borrow names. This panel will dissect the drivers behind this growth, including the generational shift in wealth, the rise of zero fee neo brokers as well as the growth of ETFs.
While the opportunities are vast, the risks to investor protection and market stability cannot be ignored. This session will also discuss how firms can create a uniform framework for retail lending that protects the individual while benefiting the market.
Speakers
Thomas Hoang Director, Securities Finance, Global Head of Client – Product Solutions Delivery Citi
Alex Panaite Fornari General Counsel Sharegain
10:30 – 11:15
Unlocking Liquidity: The Evolving Landscape of Securities Finance in MENAT & LATAM
Driven in part by the demographic shift in retail participation, we are witnessing significant growth in global markets in including MENAT, LatAm and Asia. Join us as we bring together leading global voices, to delve into market dynamics, regulatory shifts, and the technological innovations shaping these crucial emerging regions, while integrating a global perspective.
Moderator
Cassie Von Sprecher Managing Director, Global Head of Agency Lending Sales Deutsche Bank
Speakers
Jalal Faruki Head of Securities Division SNB Capital
Patrick Morrissey Head of Product Development for Securities Lending The Vanguard Group
11:15 – 12:00
Networking Refreshment Break
Kindly sponsored by:
12:00 – 12:45
Agentic Workflow & Accountability: Navigating Risk in the Securities Finance AI Evolution
As securities finance undergoes a digital evolution, AI-driven automation brings efficiency and new opportunity, but also potential systemic risk and liability. Are risk and resilience frameworks keeping pace with this rapid rewiring? Our final panel of the conference will bring together industry experts to explore how AI implementation is shaping strategy and investments. At the same time, we will consider the operational realities as well as the practical challenges of deploying AI responsibly and at scale, such as the role of critical data governance, human oversight, and regulatory compliance to ensure the industry remains resilient and competitive in an AI-first world.
Keynote Speaker
Pierre Khemdoudi CEO & Co-Founder Gentek AI
Speakers
Ernst Dolce CEO & Co-Founder Banqora
12:45 – 13:00
Closing Remarks
Speaker
Alessandro Cozzani ISLA Board Chair, Head of Equity Funding Bank of America
13:00 – 14:30
Networking Lunch
Kindly sponsored by: