Markets Forum 2018

We hosted the Markets Forum 2018 at Bloomberg offices in London on 24 May 2018.

Conference highlights

Markets Forum 2018 marked three years from the publication of the Fair and Effective Markets Review (FEMR). At the Forum, the Bank of England, along with the Financial Conduct Authority and HM Treasury, took stock of what has been achieved under the FEMR agenda so far, and scanned the horizon for emerging issues. 

Speakers and panel discussions focused on issues of importance to FICC (fixed income, currencies and commodities) markets, such as the transition off Libor to near risk-free rates, the evolution of sovereign bond markets, technology, and the role of voluntary codes in raising industry standards. The key themes to emerge from the conference were the commitment of market participants and official sector to ensure a smooth transition off Libor; concerns about market liquidity due to relatively untested market trading infrastructures; and preparing for forthcoming technological change. 

Mark Carney, Governor of The Bank of England, introduced the event and keynote speakers included:

  • Bill Dudley, President of the Federal Reserve Bank of New York
  • Anne Richards, Chief Executive Officer of M&G Investments
  • Charles Roxburgh, Second Permanent Secretary at the Treasury.

For more information about this event, please contact stakeholderrelations@bankofengland.co.uk

PDF Agenda

Morning session

Welcome to Bloomberg Address

Peter Grauer (Bloomberg LP)

Welcome address - watch the video

Introductory Remarks

Mark Carney (Bank of England)

Introductory remarks - watch the video

Introductory remarks - Mark Carney

Keynote Speech 1

Bill Dudley (Federal Reserve Bank of New York)

Keynote Speech - watch the video

Keynote speech 1 - Bill Dudley

Q&A Session: Improving the culture of FICC markets

Bill Dudley, Andrew Bailey and Minouche Shafik

Q&A Session - watch the video

Session 1: Market Fairness and Effectiveness - Progress made under FEMR

Session 1 - watch the video

Panellists:

  1. Tracey McDermott (Standard Chartered)
  2. Tarek Mahmoud (Blackrock)
  3. Samir Assaf (HSBC)
  4. Mark Yallop (FICC Markets Standards Board)
  5. Vandita Pant (BHP)

Session 2: FICC Markets - horizon scanning for key emerging market structure and coordination issues

Session 2 - watch the video

Panellists:

  1. Stephen Jones (UK Finance)
  2. Simon Potter (Federal Reserve Bank of New York)
  3. Sarah Russell (Aegon Asset Management)
  4. Daniel Maguire (LCH)
  5. Bernard Mensah (BAML)

Watch the morning session

Markets Forum 2018 hosted by the Bank of England on 24 May - AM Session

Afternoon session

Keynote Speech 2

Anne Richards (M&G Investments)

Keynote Speech - watch the video

Keynote Speech 2: Anne Richards

Session 3: Deep Dives - Specific FICC Markets Issues

Track 1: Risk Free Rate Transition - Panel Discussion

Session 3 track 1 - watch the video

Panellists:

  1. Thomas Wipf (Morgan Stanley)
  2. François Jourdain (Barclays)
  3. Jaap Kes (ING)
  4. Alfred Lederman (UBS)

Session 3: Deep Dives – Specific FICC Markets Issues

Track 2: Evolution in sovereign bond markets – Panel Discussion

Session 3 track 2 - watch the video

Panellists:

  1. Allegra Berman (HSBC)
  2. Andrew Morton (Citi)
  3. Seth Johnson (NEX Markets)
  4. Paul Hamill (Citadel Securities)
  5. Frederic Hannequart (Euroclear SA/NV)

Session 4 : Looking ahead - Threats and Opportunities

Track 1: Technology as an enabler in financial markets - Panel Discussion

Session 4 track 1 - watch the video

Panellists:

  1. Scott O’Malia (ISDA)
  2. Graeme Jeffery (Oliver Wyman)
  3. Kim Newell Chebator (State Street)
  4. Andy Coyne (Cobalt Technologies)
  5. Joanne Hannaford (Goldman Sachs)

Session 4 : Looking ahead – Threats and Opportunities

Track 2: Role of voluntary codes in raising industry standards - Panel Discussion

Session 4 track 2 - watch the video

Panellists:

  1. David Geale (Financial Conduct Authority)
  2. Thomas Wipf (Morgan Stanley)
  3. Alison Cottrell (Banking Standards Board)
  4. Adrian Boehler (BNP Paribas)
  5. David Puth (CLS)

Closing remarks

Charles Roxburgh (HM Treasury)

Closing remarks - watch the video

Closing Remarks - Charles Roxburgh (HM Treasury)

Watch the afternoon session

Markets Forum 2018 hosted by the Bank of England on 24 May - PM Session

Photos from the event

This page was last updated 15 June 2018
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