ALD Overview, Progress, and Challenges

This session will provide attendees with a brief overview of the initiative, current status on issues that have been raised on taskforce calls, and also highlight some of the most common challenges faced by both broker-dealers and agent lenders.

Panel:
Les Nelson
Managing Director, Securities Lending
Goldman, Sachs & Co.

Mariana Kind
Senior Consultant
Capco

Agent Lender Panel

This panel will feature a presentation from the agent lenders’ point of view of their progress to date, major challenges, experience with testing, parallel production testing, and other Phase 2 related issues. In addition, Agent lenders will share some of the expectations from their broker-dealer counterparties, and answer borrowers’ questions.

Moderator:
Eugene Picone
Senior Vice President and Global Product Executive
JP Morgan

Panel:
Brian McLoone
Vice President for Business Technology
State Street Corporation/Securities Finance Division

Elaine Stankiewicz
Vice President, Global Securities Lending
The Northern Trust Company

Anisa Butash
GSL Client Support Manager
AIG Global Investment Group

Broker-Dealer Panel

This session will address all topics relevant to the process from a broker-dealer’s perspective including: legal issues; reconciliation related issues; credit-risk questions; regulatory capital questions; testing progress and concerns; success with parallel testing efforts; problem resolution and workflows; etc. All topics covered in this panel are crucial to successful implementation of ALD.

Moderator:
Irv Klubeck
Managing Director
Pershing LLC

Panel:
Sharon Schick
Vice President, Credit Risk
Goldman, Sachs & Co.

Rob Toomey
Vice President, Assistant General Counsel
The Bond Market Association

Stephen Lee Smith
Senior Vice President, Senior Risk Officer – Asset Management
Wachovia

Dan McIsaac
Executive Director
UBS

Testing and Functionality

This panel will focus on all the issues related to connectivity and testing for Phase 2. Broker-dealers and vendors will share their most common issues they have encountered and provide valuable information and guidance to their users as to what they can expect to see during the remaining phases of the testing process.

Moderator:
Bernie Yannotti
Vice President, Securities Change Management
ABN AMRO

Panel:
Brian McLoone
Vice President for Business Technology
State Street Corporation/Securities Finance Division

Gregg McConnell
Senior Business Analyst
EquiLend

Margaret Koontz
Director, Product Marketing & Development Group
Depository Trust & Clearing Corporation

Scott Wellington
Vice President, Application Development
SunGard Securities Finance

Brenda Fischer
Vice President, Global One
SunGard Securities Finance

Irv Klubeck
Managing Director
Pershing LLC