Draft programme

Day One: Thursday 1st March 2012

08:10	Registration and refreshments
8:50	Chairman's opening remarks:
9:00	KEYNOTE ADDRESS: South Africa's macroeconomic outlook in the wake of the sovereign debt crisis and reforms to the financial sector and regulations § International financial crisis § Assessment of sovereign debt crisis § The risks for South Africa § South Africa's policy response § South Africa's macroeconomic outlook Monde Mnyande, Chief Economist and Advisor to the Governor, SOUTH AFRICAN RESERVE BANK
9:40	PLENARY ADDRESS: Assessing regulatory change and implications for South Africa's financial markets Mark Brits, General Manager, THE BANKING ASSOCIATION SOUTH AFRICA
10:20	Morning break
	Stream one: STREAM ONE: Regulation and capital management	Stream two: STREAM TWO: Innovations in asset allocation and portfolio management
	Chairman's opening remarks	Chairman's opening remarks
11:00	MASTERCLASS: Credit portfolio management Part one: Integrating credit and liquidity management: new models in practice § Integrating credit portfolio management with ALM treasury § Organisational structures § Impact of Basel III § Implementing funds transfer pricing approaches § Future issues Pieter van der Merwe, Head of Credit Portfolio Management, ABSA CAPITAL	PANEL DISCUSSION: Asset allocation strategies in a new financial environment § What is driving asset allocation decisions today? § Risk management: low volatility and risk free assets § Reconsidering assets that were once perceived as ‘too risky' § The hunt for high yield § How is regulation impacting asset allocation approaches? Daniel Broby, Chief Investment Officer, SILK INVEST Neil Crowder, Chief Executive Officer, CHAYTON AFRICA Pieter Viljoen, Chief Investment Officer, EDGE CAPITAL Carl Isernhinke, Chief Investment Officer, SASFIN ASSET MANAGEMENT
11:40	MASTERCLASS: Credit portfolio management Part two : Risk appetite frameworks and limit setting § Integrating risk appetite into the planning process § Aligning strategy, risk and available capital resources § Modelling, setting and enforcing limits frameworks Rautie Nel, Head of Wholesale Credit Portfolio Management, RAND MERCHANT BANK	Gold: for risk management or return enhancement? § How much value does gold add to a portfolio? § Is it becoming too expensive? § What is the infrastructure and political risk? § Gold as a hedging tool § Beyond gold: silver and mining Carl Isernhinke, Chief Investment Officer, SASFIN ASSET MANAGEMENT
12:20	Lunch
13:20	Effective capital management under Basel III § Evaluating the role of CoCos § What is the view from the investor and the regulator? § How are CoCos structured? § Are they applicable in South Africa? Ashley Pillay, Director, Group Capital Management, STANDARD BANK	Exploring unlisted investment opportunities § Are there relatively unexploited investment opportunities out there that our listed economy is not capturing? § How do regulatory changes influence developments? § How should business be engaging with the changes and opportunities? § Are we equipped to deal with the risks in an underdeveloped area of our economy? § Examining the international lessons Heather Jackson, Head of Socially Responsible Investments, CADIZ ASSET MANAGEMENT
14:00	Margin lending and securitisation of counterparty credit risk § The regulatory push for full collateralisation § Margin lending and securitisation § Global valuation § Communication by means of loss of distributions Claudio Albanese, Visiting Professor of Mathematical Finance, KING'S COLLEGE LONDON and Independent Consultant	Absolute return funds: the case for (and against) § Revisitingasset class returns § An objective assessment of return expectations § Multi asset class portfolios, diversification and multiple investment objectives § What is our understanding of risk? § Assessing risk of multi-asset class portfolios with multiple objectives § When is diversification not enough? § Linking assets across the capital structure spectrum Eben Mare, Portfolio Manager, STANLIB
14:40	Afternoon break
15:10	Dealing with derivatives: OTC vs traded derivatives from a South African perspective § Market overview § Current analysis § Future outlook Senior Executive, PEREGRINE	Emerging markets post crisis: potential growth or unnecessary risk? § Overview: how are emerging markets managing post crisis? § Understanding the broader dynamics of emerging markets § Risk in emerging markets versus risk in developed markets § Where to invest for higher growth: Asia, Latin America and Africa David Mohr, Chief Investment Strategist, CITADEL
15:50	Where is the derivatives market heading: implications for South Africa § Latest updates on the regulation post crisis § How is South Africa adapting to the regulatory changes? § Is the market heading towards a cash/futures market? § Will a standardised market work? Speaker to be confirmed, please visit website for updates	The case for fixed income § Are bonds in a bubble? § Does investing in bonds today make any sense at all? § Where is the world and is there value in bonds? Arno Lawrenz, Chief Investment Officer, ATLANTIC ASSET MANAGEMENT
16:30	PANEL DISCUSSION: The changing financial landscape: challenges and opportunities facing South Africa's market participants § How has the financial crisis impacted relationships between financial institutions § Implications of new regulations and in particular Reg. 28 § Where will new growth opportunities come from? § What are the new risks that firms should be aware of? § Future outlook: 2012 and beyon *Moderator:* Heidi Raubenheimer, Faculty Member, UNIVERSITY OF CAPE TOWN Manas Bapela, Chief Investment Officer, ARGON ASSET MANAGEMENT Heather Jackson, Head of Socially Responsible Investments, CADIZ ASSET MANAGEMENT Jean-Pierre Matthews, Chief Executive Officer, BRUNIA CAPITAL Ayanda Gaqa, Risk and Compliance Manager, ESKOM PENSION AND PROVIDENT FUND
17:40	End of day one