Ina Budh-Raja – CEO of ISLA
07:30-08:30
09:00-10:00
Panel – Regulatory, Legal and Tax:
Host: Michael Wright
-Bail-in & Resolution Exemptions: Protecting repos/loans from bank failure clawbacks.
-Netting Certainty: Legal changes to achieve “clean” netting enforceability.
-Tax Clarity: Reforming CIS taxation (capital vs revenue) and easing stamp duty on lending.
-New Regulations: Upcoming FSCA conduct standards for securities finance.
-Global Alignment: Weighing international trends (e.g. T+1 settlement) vs local market needs.
10:00-10:30
Networking Refreshment Break
11:30-12:45
Networking Lunch
12:45-14:00
Panel – Securities Financing and Collateral
Host: Nicolette van der Merwe
Securities finance plays a vital role in modern financial markets by supporting liquidity, facilitating leverage, and enhancing overall market efficiency. In recent years, the industry has become increasingly driven by collateral considerations, as advances in technology, evolving regulatory frameworks, and the limited supply of high-quality assets have transformed collateral into a strategic and actively managed financial resource.
Discussion Points:
-Securities Finance Market Evolution
-Collateral Trading in a South African context
-Collateral Arrangements restrictions and alignment with global frameworks
-The role of the repo market
-Market Infrastructure and Analytics
14:00-14:45
Panel – How Technology is Shaping the Sec Financing World
Host: Igor Salzgeber
-Automation & STP: Embracing technology (STP, DLT) to eliminate manual processes and reduce settlement fails.
-System Upgrades: Moving towards cloud/SaaS solutions for securities finance operations.
-Innovation & Risk: Applying AI and analytics in securities financing while managing cyber/regulatory risks.
14:45-15:45
Fireside Chat
with Dan Nicholl and Ard Matthews
15:45-16:00
Closing
SASLA Chairman
16:00-21:00
Networking and Cocktail Function
Clock Tower