IV Securities Services Conference

The Spanish industry in TARGET-2-SECURITIES

For 4 years, Cecabank, as an outstanding player in the custody and depositary of collective investment institutions and pension funds in Spain, has brought industry professionals together with supervisors and regulators to reflect and debate on the operational, regulatory and market changes that continuously occur and have a direct impact on this business.
On 18 May, the IV Securities Services Conference organised by Cecabank will be held at the Madrid Stock Exchange. On this occasion, securities companies, managers of CIIs and pension funds, venture capital companies and banks meet a few months from Spain's entry into Target 2 Securities and the culmination of the Securities Clearing and Settlement Systems' Reform with the implementation of Phase II, with the aim of analysing the impacts that all these changes are going to have on the investment industry.
Day-to-day work prevents us from stopping to reflect on the repercussions that regulations, operational and market changes have on our business.
Last year there were more than 300 attendees from 130 institutions. I invite you to participate in the conference and to dedicate a morning, that will undoubtedly be enriching, to share perceptions with sector professionals. We hope to see you again.

Javier Planelles Cantarero
Director de Servicios Operativos

About the conference

The IV Securities Services Conference: "The Spanish industry in Target-2 Securities" that will take place on 18 May at the Madrid Stock Exchange, is a unique forum for the exchange of experiences, cooperation and innovation.
Last year, under the title “On the Market Reform of Securities to T2S” the debate was centred around the effect of UCITS V on management companies and depositaries, the new Regulation of the VIP Act, the implications of the EMIR changes including secondary market derivatives in securities clearing and the reform of the Spanish securities clearing, settlement and registry system prior to the incorporation of the Spanish market into Target 2 Securities.
On this occasion, the subjects of debate will be centred around the entry of Spain into Target 2 Securities and the culmination of the Securities Clearing and Settlement Systems' Reform with the implementation of Phase II. In addition, there will be debate on the challenges and opportunities of pension funds in Spain and on the impact of UCITS V and MiFID II on investment funds.

On Cecabank Securities Services

Cecabank is a wholesale, independent and neutral bank (no retail clients) that has established itself as an outstanding participant in the activity of Securities Services thanks to its profound knowledge of the business and a high level of specialisation in all links of the value chain.
Cecabank offers its clients all its knowledge and experience with a model that is open to all types of financial institution and organisations on the basis of the effectiveness, efficiency and adaptability of its solutions. In this respect, Cecabank has a solid network of strategic alliances with specialised first level suppliers, focusing on innovation and on the design of custom-made solutions for its clients.
The purpose of Cecabank is simply to contribute to the optimisation of synergies by the different participants in the ecosystem of the investment and management of assets.

Who are our clients

Managers of CIIs and Pension Funds, Venture Capital Companies and VIPs. Depositary and cash management services.
Market actors. Settlement and clearing services.
Banks, Securities Companies and Insurers. Services of sub-custody, clearing and settlement of securities.
For all kinds of organisations. Execution services.

External

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MEETING

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OF MAY

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SPEAKERS

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DISCUSSION PANELS

Agenda

9.00 h

Reception of the Delegates

9.30 h

Opening

Mr Ángel Benito, Member of the Board of CNMV
Ms Ana Isabel Pereda, Director of Expansión
Mr José María Méndez, CEO of Cecabank

10.00 h

Target-2 Securities: a reality for the Spanish and European market

Mr Jesús Benito, CEO of Iberclear
Mr Ignacio Terol, Deputy Head of Division Market Infrastructure Development ECB
Mr Javier Domínguez, Managing Partner at Auriga Global Investors, SV
Mr José María Grande, Partner at Monitor Deloitte
Mr José Luis Rebollo, Head of the Securities Division at Cecabank

Moderator: Mr Javier Planelles, Head of Operational Services at Cecabank

11.10 h

Regulatory context

Mr. Rodrigo Buenaventura Director General of Markets - CNMV

Presenter: Mr Jaime Pinto, Editor of Fundspeople

11.35 h

Coffee

12.00 h

Pension funds in Spain: Challenges and Opportunities

Mr José Carlos Vizárraga, Managing Director of Ibercaja Pensión
Mr Diego Valero, Chairman of Novaster
Mr José Antonio de Paz, Deputy Director General of Pension Plans and Funds of the Directorate-General of Insurance and Pension Plans (DGSFP)

Moderator: Mr Alberto Torija, Partner of Investment Management at Deloitte

12.50 h

Investment funds: Adapted to UCITS V-AIFMD? Ready for MiFID II?

Ms Arantzazu Loinaz Pérez, Director of the Business Division of Caixabank AM
Mr Jorge Vergara, Deputy Director of Supervision of IIC-ECR CNMV
Mr José Carlos Sánchez-Vizcaíno, Head of the Fund Depositary Division of Cecabank

Moderator: Mr Antonio Romero Mora, Assistant Manager of Association Services and Audit Area at Cecabank

13.40 h