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FINRA fixed income

FINRA Fixed Income Conference

March 5, 2009
New York, NY

FINRA’s annual Fixed Income Conference focuses on current market impacts on fixed income and how regulators and firms are responding to them. Sessions cover recent transparency initiatives, other regulatory initiatives, compliance practices in today’s market environment, considerations for operational and risk management, and recent examination findings. The conference concludes with an Ask the Regulator session.

Agenda

 

7:30 a.m. - 8:30 a.m. Registration and Continental Breakfast
8:30 a.m. - 9:00 a.m. Welcome Address: Recent Transparency Initiatives
Steve Joachim, Executive Vice President, FINRA Transparency Services
9:00 a.m. - 10:15 a.m. Current Market Impacts on Fixed Income   

  • Liquidity and the impact on trading, executions and valuation
  • Prime brokerage practices
  • Role of credit-rating agencies and credit analysis
  • Future of pure OTC trading: fixed income derivatives, credit default swaps (CDSs), syndicated loans
10:15 a.m. - 10:30 a.m. Break
10:30 a.m. - 11:45 a.m. Compliance Practices in Today’s Fixed Income Markets   

  • Liquidity and the impact on fixed income compliance
  • Regulatory responses / initiatives
  • Execution practices and customer disclosures regarding markups / best execution
  • Valuations and firm trading strategies
11:45 a.m. - 12:50 p.m. Lunch
12:50 p.m. - 1:15 p.m. Keynote Address: Update on Credit Markets Impacts
Grace Vogel, Executive Vice President, FINRA Member Regulation
1:15 p.m. - 2:30 p.m. Operational/Risk Management Issues   

  • Risks associated with structured fixed income products
  • Net capital implications in an illiquid market
  • Effectiveness of risk models
2:30 p.m. - 2:45 p.m. Break
2:45 p.m. - 4:00 p.m. Examinations, Surveillance and Enforcement   

  • Examination priorities and findings
  • Debt transaction sweeps and surveillance
  • Enforcement actions
4:00 p.m. - 4:15 p.m. Break
4:15 p.m. - 5:30 p.m. Ask the Regulator

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