Event Agenda

Agenda

 

Day 1 | 12th September 2018

09:00

Registration and Refreshments

09:30

An overview of FERC’s natural gas and electric trading surveillance program

  • 2017: Numbers
  • Division of analytics and surveillance illustrative examples
  • Self-reports
  • Enforcement priorities in 2018
  • FERC guidance on trading compliance practices
  • Types of market manipulation
  • Significant FERC fines
  • Regular assessments of compliance program performance

Speaker: Sean K. Collins, Director, Division of Analytics and Surveillance, Office of Enforcement, Federal Energy Regulatory Commission

11:00

Morning Break

11:30

The current state of trade surveillance & market compliance

  • Evolution of trade surveillance & market compliance
  • Why is trade surveillance & market compliance important?
  • Regulatory environment under the new administration
  • US vs. EU regulatory requirements
  • How organizations are approaching trade surveillance & market compliance 
  • Peer benchmarks

Speaker: Tom Lord, President, Dynamic Commodity Management

13:00

Lunch

14:00

Compliance and Processes

  • The growing role of compliance – how is the industry conforming?
  • Regulatory scope
  • Best practice approaches for creating a compliance framework
  • Monitoring, reporting and improving frameworks
  • Should you use lawyers or consultants?
  • Difference between compliance lawyers and compliance analyst

Speaker: Tom Lord, President, Dynamic Commodity Management

15:30

Afternoon Break

16:00

MIFID II and MAR versus US regulations – why EU compliance exposure is so much greater

  • What does MiFID II mean for commodity market participants in the US?
  • What are the major regulatory actions impacting energy trading firms in the EU
  • What are the major regulatory challenges from EU actions so far?

Speaker: Tom Lord, President, Dynamic Commodity Management

17:00

End of Day One

Day 2 | 13th September 2018

09:00

Refreshments

09:30

Case study: considerations for building a trade monitoring program 

  • Why do I need to do this? Good governance/risk management
  • What will it cost me? - levels of monitoring
  • Who will pay for this? - decision making
  • Buy vs build
  • Considerations for dealing with exceptions post-implementation
  • Other considerations 
    • Ongoing investment
    • Monitoring the monitor
  • Syncing trade surveillance program with regulatory mandates

Speaker: Sid Vidaver, Executive Director, Rabobank

11:00

Morning Break

11:30

Operational efficiency and tools for business insight

  • Reduction: cost, no. of false alerts, etc.
  • Consolidation of internal and external data sources
  • Ensuring informed decision making
  • Mapping business goals
  • Facilitating real time reporting

Speaker: Udit Patel, Vice President of Market Operations, East Coast Power & Gas LLC

13:00

Lunch

14:00

Data and technology 

  • Technology options; cloud, virtual machines etc.
  • Data Capture (data you need and want) and Centralizing data 
  • Computationally-intensive process 
  • Integrating data from multiple sources
  • Exception processing
  • Review & documentation
    • Risk Scoring & pattern recognition
    • Dealing with the exceptions/false positives
  • Using C/ETRM systems vs distributed systems

Speaker: Glen Mackey, Chief Risk Officer, NRG

15:30

Afternoon Break

16:00

Trade surveillance versus eComm surveillance

  • What does eComms surveillance encompass?
  • Who is doing what and why?
  • eComms surveillance solutions:
    • Statistical analysis tools
    • Pattern identification
    • Machine learning
    • Visualization tools
    • Scenario generation
    • Network analysis functions
  • Monitoring and analysis
  • Relationship between eComm v trade surveillance – how do their uses differ?

Speaker: Eddie Cogan, CEO, Catelas Inc.

17:00

End of Course