AGENDA ETRC - Energy Trading Week

AGENDA

Timings are in British Summer Time.

08.00

Pre-event Networking in the virtual exhibition area

During that time you’ll be able to:

See who else is attending
Arrange meetings with relevant individuals

THE REGULATORS – THE CASES

08.45

presentation
Updates from the energy regulator ACER + Q&A

5th REMIT Guidance
Inside information guidance
Enforcement in 2018/2019 : Impact on behaviour?
Proposed REMIT fees scheme

Volker Zuleger, Market Integrity and Transparency Department – Head of Department, ACER

09.15

Q&A session
Your questions to the energy regulators

In this session, the NRAs’ representatives will answer the audience’s questions collected prior to the event, as well as the live questions. Topics will include – but won’t be limited to:

Enforcement and cases
Inside information definition
Brexit
Licencing
Views on algo trading
Trade surveillance

MODERATOR: BERNHARD WALTER, Head Market Design & Regulatory Affairs (Trading), EnBW AG
Prof. Dr. Sotirios Manolkidis, Vice – President, REGULATORY AUTHORITY FOR ENERGY
Nathan Macwhinnie, Head of Market Intelligence and Oversight, Consumers & Markets, Ofgem
Kaj Forsberg, Senior Analyst & Advisor – Member of ACER’s Market Integrity and Transparency Working Group, Swedish Energy Markets Inspectorate – Energimarknadsinspektionen
Dr Thomas Müller, Head of Market Transparency Unit for Wholesale Electricity and Gas Markets / REMIT Enforcement / SMARD, BundesnetzagenturCORNELIA KAWANN, Head of Division Market Surveillance, Federal Electricity Commission – ElCom

10.00

Q&A session
UPDATES FROM THE FCA + Q&A

MIFID II: Toward a revisit of the exemptions and position limit rules?
Latest news on EMIR
What’s the financial regulators’ take on Brexit impact? Algo trading?

PAUL WILLIS, Technical Specialist – Commodities / Derivative Markets / Markets Division, FCA

In this session, the FCA representative will answer the audience’s questions collected prior to the event, as well as the live questions. Topics will include – but won’t be limited to:

EMIR
MiFID II review
Brexit
Views on algo trading

MODERATOR: BERNHARD WALTER, Head Market Design & Regulatory Affairs (Trading), EnBW AG

10.35

Interactive roundtable discussions
Networking with the presence of many national regulators

There will be structured discussions around topics like:

Market manipulation
Brexit
MiFID II
Trade surveillance
COVID-19 impact on compliance

11.00

panel discussion
MiFID II: What you need to know

Changes on ancillary activity exemption
The future position limits regime focusing on key commodity benchmark contracts and agricultural contracts: What it means for energy trading companies?
Amendments around position limits: New hedging exemptions, controls, rules for contracts traded on different venues
When will the new rules apply?
What are the next steps?

MODERATOR: KARL-PETER HORSTMANN, Head of Markets Regulation, RWE SUPPLY AND TRADING
AVIV HANDLER, Managing Director, ETR ADVISORY
BERNHARD WALTER, Head Market Design & Regulatory Affairs (Trading), EnBW AG
PETER KRUSAA, Senior Lead Regulatory Advisor – Regulatory Affairs, ØRSTED
CHRISTINA TARNANIDOU, Professor – Financial and Energy Trading Regulations, Athens University of Economics and Business – AUEB
ANJE STIERS, Head of Financial Markets Working Group, EUROPEX

THE REGULATIONS

11.45

Panel discussion
What will the regulatory landscape look like in 2021 and beyond?

Evaluating the impact of Brexit
FRANDT: What progress have we made?
Reporting fragmentation in Europe: What’s expected and how do you deal with it?

MODERATOR: Gerfried Krömer, Senior Compliance Advisor, Shell Trading
Prof. Dr. Sotirios Manolkidis, Vice – President, REGULATORY AUTHORITY FOR ENERGY
Dirk Daveluy, Brokers & Exchange Relationship Manager – Trading Operations & Affairs, RWE Supply & Trading
Michele Governatori, Former President and Member, AIGET
GORDON ALLOTT, President & CEO, BROADPEAK
Jan Haizmann, Managing Director, Correggio Consulting

12.25

Refuel break

During this time you’ll be free to have some meetings and to have your breakfast, lunch or dinner depending on where you’re joining us from.

TECHNOLOGY & COMPLIANCE

13.25

PRESENTATION
Algo trading, use of AI and Machine Learning: What does it mean for conduct rules?

What does the trading control environment look like today?
How can controls take into account these new technologies used in trading?
How do we prepare ourselves for more advanced levels of intelligence? Are the markets trader-less in the future?
Policy makers: Can we afford another 10 years to adapt the rules?

Alexander Culley, Chief Compliance Officer EMEA & Asia, INTL FCStone

13.55

ENERGY SPOT MARKET DATA IN TRADE MONITORING

Based on the white paper on spot market data published by Equias in August, this session will provide an insightful analysis of underlying issues related to spot market data and automated trade monitoring

HUGH BRUNSWICK, CEO, EQUIAS

14.15

Trade surveillance tool’s constant efficiency: A matter of balance

Trade surveillance tools efficiency is closely connected with its capacity to adapt to market context evolution
Impact of exceptional variations in market prices and volumes (last one caused by COVID-19 emergency) on inspection rules effectiveness
Mitigating the risk of false positives for an efficient surveillance
Tips and Tricks

LORENZO ROMANÒ, Senior Manager – Power & Utility and Financial Institutions, PROTIVITI
GUIDO ZANETTI, Managing Director – Global Power & Utilities, PROTIVITI

14.30

Panel discussion
Secrets to a proportionate, compliant and efficient trade surveillance function

Has COVID-19 changed your approach to trade surveillance?
What are the trends in that field?
Alert management best practices
Did your surveillance tools perform? Any planned changes to adapt to a new normal?

MODERATOR: BERNHARD WALTER, Head Market Design & Regulatory Affairs (Trading), EnBW AG
Tomaz Vizintin, Team leader Market Surveillance and Conduct Department, ACER
Oliver Spindler, Compliance Officer, VATTENFALL
Daniel Frisö, Analyst, Swedish Energy Markets Inspectorate – Energimarknadsinspektionen
SHANE HENLEY, Head of Monitoring Solutions, CubeLogic
PATRICK WOODY, Head of Energy, NASDAQ SMARTS

15.10

NETWORKING BREAK & VIRTUAL EXHIBITION

Pre-arranged meetings
Visit of the virtual exhibition

COMPLIANCE

15.40

Panel discussion
STAYING COMPLIANT WHILE WORKING REMOTELY – THE CHALLENGES OF THE ‘NEW NORMAL’

How do you maintain a strong compliance culture while working remotely?
What does the new normal look like?
What are the behavioural expectations?
How do you overcome confidentiality or IT security issues?

MODERATOR: Petra Hirsch, Vice President International Law and Global Trading, UNIPER
Brigitte Hendrikse, External Legal Counsel, GULF GAS+POWER
Henrik Kaspersen, Compliance Officer, DANSKE COMMODITIES
Moritz Muck, Legal Counsel, BKW
Marek Dal-Canton, Compliance Officer, STATKRAFT
AVIV HANDLER, Managing Director, ETR ADVISORY