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Agenda - Fund Management Conference




Coffee & registration



Chair’s welcome and opening remarks
Andy Wright, Head of Trustee & Depositary Services, Royal Bank of Scotland



The UK asset management industry, what next?

  • How can the UK asset management industry grow from here?
  • What are the factors that should create this growth?
  • What sectors will grow fastest?
  • What are the potential obstacles?
  • What do consumers really want from their investments?
  • What impact might Brexit have on the industry?

Jasper Berens, Head of UK Funds Business, JP Morgan Asset Management



ESMA’s consultation on asset segregation and custody services

  • Under the AIFMD, a depositary may delegate to third parties its safe-keeping functions subject to a number of conditions, including that the third party segregates the assets of the depositary’s clients in such a way that they can at any time be clearly identified as belonging to clients of a particular depositary. In order to foster supervisory convergence in the application of these provisions, since 2014 ESMA has been looking into the asset segregation requirements in case of delegation of safe-keeping duties by the appointed depositary of an AIF. Following a first consultation paper on guidelines on asset segregation under the AIFMD published on 1 December 2014 (CP), ESMA recently published a call for evidence following up on these topics.
  • The majority of respondents to the CP strongly objected to both options on which ESMA consulted in 2014 and expressed a preference for some of the options which were mentioned in the cost-benefit analysis accompanying the proposal. Before determining any of its policy orientations, ESMA decided to carry out a further consultation aimed at (i) gathering further evidence on the arguments set out by the majority of stakeholders in their responses to the CP and (ii) broadening the scope of this workstream to cover also the asset segregation rules under the UCITS Directive, as well as any residual uncertainty on how the depositary delegation rules should apply to CSDs. This second consultation closes on 23 September.

Antonio Barattelli, Senior Policy Officer for Investment Management, ESMA



Coffee break



BREXIT and the potential impacts on the UK asset management industry
Pamela Thompson, Head of Investment Funds and Asset Management, Eversheds



New Disclosure Landscape for Fund Management

  • Looking at evolving regulatory and client expectations on transparency and how the industry plans to deliver

Jonathan Lipkin, Director Public Policy, The Investment Association



Asset Management 2.0: Blending of man and machine

  • Data & Analytics: better decision-making, improved security
  • Cloud & Blockchain: efficient, consensus-driven, smarter, distributed ledgers
  • Talent & Cognitive automation: digital labour lowers costs

Chris Mills, Business Development Director, Insurance & Investment Management, KPMG LLP (UK)



Chair's closing remarks followed by buffet lunch

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