“Indian Fixed Income – Catalysing Change”
The 9th FIMMDA-PDAI Annual Conference was held from 26th Jan to 28th Jan at the Hilton Pyramids Golf Resort, Cairo, Egypt.
The conference, sponsored by Thomson Reuters Ltd and Newswire 18 had the theme “Indian Fixed Income - Catalysing Change”. The conference was inaugurated by Mr. Atef Ibrahim, First Sub Governor, Central Bank of Egypt, while Ms. Shyamala Gopinath, Dy Governor, Reserve Bank of India, delivered the Keynote address.
The panel discussions dwelt upon:
- “Rupee Capital raising - driving innovation and improving liquidity”, with panelists discussing introduction of Rupee Convertible Bonds, developing the Securitisation Markets, and steps for increasing the rupee bond market liquidity.
- “Impending regulatory changes in new fixed income products”, with panelists discussing the introduction of Credit Derivatives, reintroduction of Interest Rate Futures, and accounting standards for financial instruments.
- “How do we prevent counterparty risk from impacting market liquidity”, with panelists discussing counterparty exposure netting, margining, Optional Early Terminations and centralised clearing in bonds through CCIL.
The conference was well attended, with a total of 167 delegates including speakers and guests.
Smt. Shyamala Gopinath (below), Dy Governor, Reserve Bank of India delivering the keynote address at our 9th Annual Conference at Cairo on 26th Jan 2008.
Mr. V.K Gupta – Chairman PDAI, Mr. V. Srikanth – Chairman FIMMDA, Mr. Atef Ibrahim – First Sub Governor & Mr. Mostafa Gad – Assistant Sub Governor, Central Bank of Egypt at the Cairo Annual Conference. (Below)
Mr. B.V. Krishnan (below), Head of Structured Products, Citibank addressing the conference on Introduction of Rupee Convertible Bonds.
Mr. Neeraj Gambhir (below), Managing Director, Lehman Brothers Advisors Pvt. Ltd addressing the delegates on Developing the Securitisation Markets.
Mr. Sudershan Sharma (below), Joint General Manager, Proprietary Trading Group, ICICI Bank Ltd enlightening the delegates on Increasing the Rupee Bond Market liquidity.
IMPENDING REGULATORY CHANGES IN NEW FIXED INCOME PRODUCTS
Ms Swati Desai (below), DGM (Derivatives), State Bank of India addressing the conference on Introduction of Credit derivatives.
Mr. Srinivasan Varadarajan (below), Managing Director & Head of Markets, JP Morgan Chase on Reintroduction of Interest Rate Futures.
HOW DO WE PREVENT COUNTERPARTY RISK FROM IMPACTING MARKET LIQUIDITY?
Counterparty exposure netting, margining, OETs, centralized clearing in bond markets through CCIL.
Mr. T. Rabi Sankar, DGM, IDMD, Reserve Bank of India
Mr. Ravi Rajan, Executive Vice President, Clearing Corporation of India
Mr. Ananth Narayan, Director – Global Rates, Deutsche Bank
CLOSING REMARKS by Mr. C. E. S. Azariah (below), CEO, FIMMDA
Delegates checking out the Thomson Reuters stall:
Delegates at the NewsWire 18 stall:
Cross Section of Audience at the Conference: