Event Agenda

Agenda

Day 1 | 6 March 2019

09:00

Registration and Refreshments

09:30

The current state of trade surveillance and market compliance

  • Evolution of trade surveillance & market compliance
  • Why are trade surveillance & market compliance important?
  • Regulatory environment under the new administration
  • US vs. UK vs. EU regulatory requirements
  • CFTC position limit proposal
  • Brexit considerations and likely outcomes
  • How organizations are approaching trade surveillance & market compliance
  • Peer benchmarks

Speaker: Tom Lord, President, Dynamic Commodity Management

11:00

Morning Break

11:30

MiFID II and MAR: Scope, challenges and opportunities

  • What does MiFID II mean for commodity market participants in the US?
  • Avoiding MAR, is enforcement imminent?
  • US vs EU regulatory landscape
  • What are the main challenges in MiFID II compliance so far?
  • Regular monitoring of trading systems, email, messages and voice communication under MAR
  • Leveraging on banks experiences to reduce costs and create a cohesive plan

Speaker: Tom Lord, President, Dynamic Commodity Management

13:00

Lunch

14:00

Compliance and Processes

  • Growing role of compliance
  • Case study: how is the industry conforming
  • Best practice approaches for creating a compliance framework
  • Lessons learnt from bank compliance functions
  • Monitoring, reporting and improving frameworks
  • Geopolitical & environmental considerations
  • Conduct risk & culture - managing perceptions
  • What are your options? Lawyers/consultants?

Speaker: Tom Lord, President, Dynamic Commodity Management

15:30

Afternoon Break

16:00

Case study: Considerations for building a trade monitoring program

  • Where do you begin -Land, labour and capital
  • Systems
  • Talent skill set
  • How much money
  • Calpine Journey & data analytics

Speaker: Frank Hayden, VP, Trade Compliance, Calpine

17:30

End of Day One

Day 2 | 7 March 2019

09:00

Refreshments

09:30

Managing Long and Short Price-and-Quantity Exposure at the Corporate Level

  • Enterprise-Wide Risk Management
    • Specifying an Objective Function for Optimal Enterprise Energy-Price Risk Management
    • Explicitly Incorporating Options in the Hedge Portfolio
    • How Do We Incorporate a Commodity-Price Risk Premium
  • Two Optimization Methodologies for Energy Consumer and Producer End-Users:
    • Mean-Variance:  Optimal Use of Futures Contracts
    • Mean-Value-at-Risk: Optimal Use of Futures and Options
    • Extending Risk-Management to a Refiner

Speaker: Ehud I. Ronn, Professor of Finance, McCombs School of Business, University of Texas at Austin

11:00

Morning Break

11:30

Data and analytics

  • Stories from the trenches:  a practitioner’s view of the data and analytics problem
  • Understanding the unique needs of each business unit
  • Creating a framework for operational benchmarks and error tracking
  • Three common challenges all trading organizations face, and how to manage them
    • Prices
    • Trades
    • Spreadsheets

Speaker: Kevin Kindall, Senior Data Scientist, Hartree Partners

13:00

Lunch

14:00

Disruptive technology in energy markets

  • Data - the elixir of life in modern world
  • Analytics and intelligence - leveraging data for better decisions
  • Cloud and cybersecurity- storing and protecting data
  • Emerging technology - blockchain, AI, machine learning
  • Blockchain, how is technology impacting the energy market?
  • How can you reinvent yourself to keep up with energy disruptors?

Speaker: Partha Chatterjee, Program Directorate, Global LNG and Gas Trading Systems, Shell 

15:30

Afternoon Break

16:00

Renewable energy trading and climate risk

  • Fundamentals of renewable energy and behaviours
  • Increased levels of volatility
  • Climate risk as a driver for lending decisions
  • Changing pricing dynamics in power markets
  • What trends are we currently seeing?
  • Strategic risks incurred
  • Clean energy infrastructures
  • Houston as a clean energy hub

Jenny Fordham, NACD Governance Fellow, Senior Vice President, Government Affairs, Natural Gas Supply Association

17:00

End of Course