Thursday, July 9, 2020
08:00 – 08:55
Exclusive buy side breakfast briefing
Former EVP and head of the markets group
Federal Reserve Bank of New York
Simon M. Potter was an executive vice president of the Federal Reserve Bank of New York, head of the Markets Group and manager of the System Open Market Account for the Federal Open Market Committee (FOMC). Mr. Potter oversees the implementation of domestic open market and foreign exchange trading operations consistent with FOMC directives, the execution of fiscal agent support for the U.S. Treasury, and the provision of account services to Foreign and International Monetary Authorities.
Prior to leading the Markets Group, Mr. Potter served as director of economic research and co-head of the Research and Statistics Group at the New York Fed. In this role Mr. Potter was responsible for constructing analytical tools for economic forecasting and monetary policy analysis, and leading FOMC briefings and preparation for the Bank president. Mr. Potter has played a prominent role in the New York Fed's financial stability efforts, including contributing to the design of the Supervisory Capital Assessment Program and as a member of the Bank for International Settlements Macroeconomic Assessment Group that supported the Basel Committee's work to strengthen bank capital standards. Mr. Potter also managed the team producing the first Financial Stability Oversight Council Annual Report on Financial Stability and served as an associate economist for the FOMC.
Before being named executive vice president in January 2010, Mr. Potter served as a senior vice president in the domestic research function. He joined the Bank in June 1998 as an economist and was named an officer of the New York Fed in January 2004. From April 2011 through July 2011, Mr. Potter worked at the Financial Stability Oversight Council.
Prior to joining the Bank, Mr. Potter was an assistant professor of economics at UCLA. He has also taught at Johns Hopkins University, New York University and Princeton University. His main research area is applied time series analysis using Bayesian methods. He has written extensively on nonlinear dynamics over the business cycles. Recent topics have included forecasting the probability of recession, large panel forecasting models, modeling structural change and inflation expectations.
Mr. Potter holds a bachelor's degree and a master's degree from Oxford University, United Kingdom and a doctorate from the University of Wisconsin.
08:55 – 09:00
Welcome address: Introduction to the relaunched FX Markets
09:00 – 09:30
Keynote address: Market alternatives - challenging the currency market orthodoxy
09:30 – 10:15
Global macro economic perspective: 2020 - a year of challenge, change and continuity
US Election - what steps can be made in advance and how will the markets react to the outcomes?
Trade wars - how will the continued disruption have an impact across the world?
Moving into the 2020s, how will climate change increase risk and re-shape the established players?
10:15 – 11:00
Predictions and pressures - navigating the evolving FX market structure
What is the latest innovative technology and who are the players shaking up the game?
With cost pressures rising, where can effective savings be made?
Will liquidity continue to be condensed and how can markets increase provision?
11:00 – 11:20
FX Markets – eFX technology showcase
The latest and most interesting developments in eFX technology
Presenters have 5 minutes to present their best and brightest new ideas
Audience can then vote on their favorite at the end and submit questions
11:20 – 11:50
Morning break and networking opportunity
11:50 – 13:00
How to assess TCA and identify the best trading strategy
How will FX push towards better TCA? Will impartiality encourage better dialogue?
How can Flash Crashes be avoided?
How to build the most effective trading desk
The stablecoins and blockchain revolution
How will stablecoins change the approach to settlement?
What are the key technologies and products in blockchain for the FX market?
What are the platforms allowing safe access to crypto assets?
Emerging Markets Strategy
Emerging markets as the major income generator
Is the difference between Emerging and Frontier currencies closing?
What currencies/markets are going to be the biggest winners in 2020 and beyond?
Building an effective debt strategy
Emerging markets regional roundtables
13:00 – 14:00
Learning lunch: Regulation. Regulation. Regulation.
Learn about the latest trends and thinking on regulatory requirements
14:00 – 14:30
FX Markets: The Solution Room
An industry-wide alliance, working to solve the biggest challenges and crises in FX
- In this interactive session, participants will have 10 minutes to talk in groups, finding their biggest challenges and potential solutions before being split into new groups to share what they have learned and what other challenges and solutions there are.
14:30 – 15:15
Driving the industry to clearing: best solutions and navigating new rules
Is the industry ready for the UMR phase 5 rollout in September?
What is preventing more clearing in FX and will its adoption fall or rise?
With the changes affecting prime brokerage, amongst cost pressure and increasing market access, what is its future role?
15:15 – 15:45
Afternoon break and networking opportunity
15:45 – 16:30
2020-2030 outlook: Algo and AI, a decade in technology
Will Algo adoption continue to grow? What is peak Algo?
Is AI still a relevant conversation or is meaningful impact decades away?
What key technologies are our panellists most excited about?
16:30 – 17:15
Champagne Roundtable A
Champagne Roundtable B
Champagne Roundtable C
Champagne Roundtable D
Topic voted by audience
17:15 – 17:20
17:20 – 16:30