2nd Annual Derivatives World CEE (Central & Eastern Europe)

Andrea Ferancova, Partner and Director of Equities, Wood & Company

• Practicalities and sensibilities of moving OTC products into a centrally cleared model
• Is standardisation the future for OTC derivatives? What are the limitations on contract flexibility?
• Examining the exchanges’ role in clearing OTC contracts: Central counterparty clearing benefits and protection mechanisms
• Are exchanges meeting demand for OTC contracts?
• How will OTC and exchange traded derivatives interact in the future?
• Technology as part of the solution

Dobieslaw Tymoczko, Deputy Director, Financial System Department, National Bank of Poland and Warsaw School of Economics
András Szántó, Head of Derivatives, Equilor Investments, Hungary
Tomasz Mironczuk, CEO, Bank Gospodarstwa Krajowego


11:40 Regulatory panel: Rethinking how the industry works in the face of economic upheaval

• Regulatory reaction to the financial crisis
• Bringing unity to the region – application of mifid and other European directives
• Regulatory changes to encourage growth – liquidity vs. credit risk, the ongoing debate

Moderator: Andrzej Stosio, Council, Clifford chance
Peter Werner, Policy Director, ISDA
Simona Simon, Executive Board Member, Association of Futures Markets

12:30 Lunch

14:00 Structured Investments: Investing for Recovery
Dr Vladimir Portnykh, Equities Structuring, New Product Development, Barclays Capital

• Impact of a volatile cash market
• Convergence of the OTC and the exchange traded equity derivatives markets
• Investment potential of single stock futures
• Creating index products that give investors exposure to CEE region

• Choosing the brokerage house that can assist your derivatives investments

Moderator: Jaroslaw Ziebiec, Director, Financial Instruments Department, WSE
Gary Delany, Director, OIC Options Industry Council
Tomasz Kaczmarek, Executive Director, Research Team, Doradca Inwestycyjny, Dom Maklerski BZ WBK S.A.

15:50 Networking Coffee


16:10 Fund Panel: Derivatives innovation in fund and investment management

• Implications of the financial crisis on risk appetite for derivatives instruments
• Risk, rewards and motivations behind derivatives exposure – hedging, trading, arbitrage
• Key sectors and products for investment
• Managing exposure in volatile markets
• Exchange traded funds market expansion

Mateusz Walczak, CEO, NWAI Brokerage House
Aleksandra Kosmulska, Head of Lyxor ETFs, Lyxor Asset Management
Konrad Augustynski, Derivatives & Structure Product Portfolio Manager, PZU Asset Management