AGENDA 2019 - DAY TWO

08:15
Registration & coffee
09:00
Opening comments from the Chairman

OPERATIONS: OTC BUSINESS 
Chairperson: Gavin Ferguson, Head of Standardisation Workstream, EFET

9:05

PANEL
A model for Europe? Learnings and best practises gained so far from Italian mandatory electronic invoicing

 
  • Mandatory e-invoicing for Italian companies:How is electronic invoicing defined?
    • The journey to implementation
    • 10 months in, what are the remaining struggles?
  • Going forward:
    • What use can be made of e-invoicing?
    • What other areas can benefit from this project?
    • Where can other European trading firms learn and benefit from this journey?

Elena Cretti, Head of Back Office, Edison
Matteo Paganucci, Head of Back Office, ENGIE Italy
Agnese Moroni, E-Invoicing Project Manager, ENGIE Italy
Veronica Musumeci, Head of Back Office Energy Management, ERG

9:25

PANEL
Electronic settlement matching eSM – Progress towards the next major industry standardisation

 
  • What will be the practical benefits to the industry and what are the timelines?
  • What milestones have been reached since October 2018?
  • What are the processes and business change implications for adoption?
  • Legal developments; new EFET documentation, changing contractual agreements with counterparties.
  • Which are the next areas we can standardise and how?

MODERATOR: Gavin ferguson, Head of Standardisation Workstream, EFET, European Federation of Energy Traders
Jörg Reichelt, Head of Settlement, EnBW
Mikael Kreiner, Head of Back Office, Ørsted
Dr Jens Bartenschlager, CEO, Fidectus
Randy Wilson, CEO Aquilon Energy Services Inc

10:10

CASE STUDY
Industry case study – Endesa’s experience of digitalisation in the back office – the human factor

 
  • Progress made in the last year for Endesa’s operational excellence and digitalisation implementation and strategy.
  • Moving from repetitive activities to flexible work: developing a people strategy to build skills related to digitalisation, and to change attitudes internally.
  • A 2 stage approach: identification of willingness to change and providing all the tools and skills needed to ensure change is a success.
  • Integrating into your recruitment strategy; identifying those likely to thrive in the new flexible working environment

Antonio Sevilla Cervantes, Head of Back Office, Endesa

10:30
NETWORKING BREAK / PRE-ARRANGED MEETINGS
11:25
Regulatory retrospective
 

REMIT:

  • Supervisory Regulation latest developments ( REMIT REFIT)
  • Recent developments in Remit Case Law

MAR:

  • MAR latest developments
  • Guidelines from German Cartel Office on Market Manipulation

REGULATORY FRAGMENTATION:

  • BREXIT Update
  • Regulatory Fragmentation across member states

Jan Haizmann, Chairman of the Legal Committee, EFET

11:45
The democratisatisation of access to market services, increasing numbers of counterparties – implications for the back office
 
  • Preparing your back office for change brought about by
    • Wider access to market services for smaller trading firms
    • Higher volumes via automated trading
    • The entry into the marketplace of the prosumers
  • What changes and reassignments of resources, personnel and technology should you consider? 

Dale Emmerson, Trading and Markets Consultant, EQUIAS

12:10
Lean management: Practical benefits and learning from implementation in support functions
 
Lean and operational excellence projects have now reached a level of maturity in most companies, still belonging  to the transition from manufacturing to services.

  • So what have we learnt so far? 
  • What could we take 1:1 over or what did we have to adapt to a service environment?
  • Which changes can we feel, see, hear, and which lessons learnt?
  • If we had to do it again, what would we have done the same of differently?

This session will provide answers based on concrete experiences with the intention to help the ones at the beginning of their change journey.

Dirk Daveluy, Brokers & Exchange Relationship Manager – Trading Operations & Affairs, RWE Supply & Trading

12:50
NETWORKING LUNCH

OPERATIONS: EXCHANGE-TRADED BUSINESS

14:00

An overview of the energy exchange traded landscape today

 

Reviewing latest market data figures; where is the shift to exchange traded occurring and is it moving as quickly as expected?

What further changes can we expect in the coming year with changes in market design and the continuing decentralisation of energy trading?

Mario Claeys, Head of Exchange and Margining, Uniper Global Commodities SE

14:10

PANEL
Exchanges and clearing partners: What are the plans for the future?

 
  • Increased communication between market participants, clearing partners and exchanges: What are the current initiatives, working groups? For what finality?
  • What does the clearing landscape look like today?
  • How can energy trading companies handle multiple exchange and clearing partners in an efficient way? How to decrease complexity? The example of resolution procedure
  • Lack of staff training: The needs and solutions
  • Standardisation across the exchanges and clearing houses: Is that on the card to simplify utilities and energy trading entities’ life?

Mario Claeys, Head of Exchange and Margining, Uniper
Dr. Götz Dittrich, Chief Operating Officer, European Commodity Clearing

14:50

PANEL
Managing default – lessons from the past year

 
  • What are the new risks?
    • Concentration risk
    • Changing landscape of the market and reduced banking involvement
  • Which of the traditional risks have become more, and less risky?
  • Risk management practice: what level of scrutiny are CCPs applying?
  • Is increasing margin levels the right response?

Dirk Daveluy, Brokers & Exchange Relationship Manager – Trading Operations & Affairs, RWE Supply & Trading
Mario Claeys, Head of Exchange and Margining, Uniper Global Commodities SE

15:20

Margin calculations and segregation – Achieving better control 

 
  • What have been the recent changes to clearing house calculation methodologies and systems?
  • Controls and simulations:
    • What you can you and can’t do
    • Is outsourcing the solution? Exploring options
  • Handling multiple clearing banks: What leverage do you have?

15:40

CASE-STUDY
Addressing the challenges of ETD reconciliation – the financial trading perspective

 
  • What is the role of the the back office when trading on exchange?
  • A retrospective look at reconciliation challenges over the years
  • Building and sourcing appropriate technology
  • Comparing processes and approaches between an energy hedge fund, a utility and a bank – is there a best of breed model?

16:00

Closing comments from the Chairman

16:05

FAREWELL NETWORKING BREAK

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