Program Day 3

IOMA / IOCA Annual Conference
1 - 4 May 2011



Wednesday 4 May 2011

09:30 – 10:00
Keynote address
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
  • Introduced by Ravi Narain, Chairman, IOMA
10:00 – 11:00
Innovation Roundtable
The panel will review recent developments in Flex contracts, volatility indices, ETF options, and other new products. The panel will also look at measures to facilitate access to exchange-traded derivatives for pension funds and other institutional investors.
  • Chair: Richard DuFour, Executive Vice President, CBOE
  • Sandy Frucher, Vice Chairman, NASDAQ OMX (New York)
  • Dmitry Alexandrov, President, National League of Management Companies
  • Sayee Srinivasan, Head of Product Strategy, Bombay Stock Exchange
11:30 – 12:00
Presentation: Exchanges in Asia, Trends and Perspectives
The Australian market is the bridgehead for introducing MiFID /NMS-type markets, and their features, in Asia. Will this play out the same way as in the Western markets?
  • Guest speaker     Tony D’Aloisio, Chairman, Australian Securities & Investments Commission (ASIC)
12:00 – 13:00
Is there a future for the self-regulatory role at for-profit exchanges?
As exchanges evolve from member owned organizations to for-profit or listed companies, they often segregate their commercial activity from their regulatory responsibility to avoid the appearance of conflicts of interest. The panel should share their insights into the perception of this issue to stakeholders, and any experience on the separation of regulation. How did they do it? What was the road map, pitfalls and hurdles faced in the process? What does it takes to build, and fund an independent SRO to capable of takings serious action against powerful interests?
  • Chair: Tony D’Aloisio, Chairman, Australian Securities & Investments Commission (ASIC)
  • Nobuaki Kurita, Senior Manager, Market Surveillance and Compliance, Tokyo Stock Exchange Regulation
  • Tajinder Singh, Deputy Secretary General, IOSCO (Madrid)
  • John Carson, consultant for World Bank report “Self-Regulation in Securities Markets” January 2011
  • Stephan Malherbe, Chairman, Genesis Analytics (Johannesburg and New Delhi)