Sibos report back Khaled Moharem SWIFT 16 th AMEDA meeting Kuwait November 27th
Who came to Sibos 2012? Largest Sibos held in Asia Pacific region 150+ exhibiting organisations 160 journalists covering the event More than 6,200 registrations from 137 countries Americas 13% EMEA 42% Asia Pacific 45% AMEDA_Nov2012 2
Conference programme: some of the of the key themes Post-crisis, this Sibos saw a return to more normal discussions on transaction issues and how to shape the future. Regulation a significant presence in many sessions Debate has moved from theory to practical implementation. Collaboration and engagement of all parties will be key. East-West balance one size does not fit all. Important to know your specific market rather than assume commonality. Technology IT and the business must work more closely together to understand each other s needs and priorities. AMEDA_Nov2012 3
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Diversity of formats during Sibos In conversation with Plenaries Main conference sessions SWIFT@Sibos Community-led sessions AMEDA_Nov2012 5
Main Conference AMEDA_Nov2012 6
Many exhibitors a sample From MENA NBAD, QNB, UAE Exchange AMEDA_Nov2012 7
Panellists addressed the question of whether market infrastructures should be user-owned or usergoverned and which option would result in cheaper transactions. A utility that is not market owned is like a plane without a pilot. We need to justify our investment by getting the benefits of competition and a utility. Robert Scharfe, CEO Luxembourg Stock Exchange AMEDA_Nov2012 8
Nigeria RTGS signed for at Sibos CSD planning to connect to SWIFT by end of 2012 AMEDA_Nov2012 9
Industry pain points High costs, fragmentation high risk, scale-ability Non- Automated Clients and Counterparties Settlement Costs & Inefficiencies Lack of Market Practices
SMI participants have to deal with different Standards, Messaging & Connectivity SMI Participant Securities Market Infrastructures 11
Single Window, same Standards, Messaging and Connectivity SMI Participant Securities Market Infrastructures 12
Securities Market Infrastructures on SWIFT >80 institutions from 50 countries Argentina Caja de Valores Hungary Keler Russian National Clearing Centre Armenia Central Depository of Armenia Indonesia KSEI Federation Depository Clearing Company Australia Australian Securities Exchange Ireland Euroclear UK&Ireland The National Depository Center Austraclear Israel Tel Aviv Stock Exchange Singapore The Central Depository (pte) Ltd Austria OeKB Italy MTS Monetary Authority of Singapore Belgium Euroclear Belgium CCG Slovakia CDCP Euroclear Bank Monte Titoli Bank of Slovakia MTS Japan Jasdec Slovenia KDD National Bank of Belgium Bank of Japan South Africa JSE Ltd Brazil CBLC Kazakhstan Kazakhstan Stock Exchange Strate Bulgaria CDAD Central Securities Depository Spain MTS Bulgaria National Bank of Bulgaria Kenya Central Bank of Kenya MEFF Canada CDS Korea Korea Securities Depository Iberclear Chile Deposito Centrale de Valores S.A. Kuwait Kuwait Clearing Company Sri Lanka Central Bank of Sri Lanka Croatia SKDD Latvia NASDAQ OMX (LankaSecure) Czech CSD Prague Central Depository Sweden NASDAQ OMX Republic Bank of Latvia Euroclear Sweden Denmark NASDAQ OMX Lebanon Midclear Central Depository Switzerland SIX x-clear VP Lithuania NASDAQ OMX SIX SIS Estonia NASDAQ OMX Luxemburg Clearstream Banking SA Taiwan TDCC Estonian Securities Depository LuxCSD Thailand Thailand Securities Dep Co Ltd Egypt MCSD MISR Mexico SD Indeval Turkey Takas Bank Finland NASDAQ OMX Netherlands MTS United ICE Futures europe Euroclear Finland EMCF Kingdom London Stock Exchange France Euronext Paris Euroclear Nederland EuroCCP MTS LCH.Clearnet LCH.Clearnet New Zealand NZX Ltd Euroclear UK&Ireland Euroclear France NZClear USA Chicago Mercantile Exchange Germany MTS Norway VPS Option Clearing Corporation Eurex Clearing Poland KDPW OMGEO Clearstream Banking AG Portugal Interbolsa DTCC Greece Hellenic Exchange SA Banco de Portugal Federal Reserve Bank Bank of Greece Qatar Doha Securities Market Zimbabwe Reserve Bank of Zimbabwe Hong Kong HK Exchange and Clearing Romania Depozitarul Central HK Monetary Authority (CMU)
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Q&A Thank you T D F M E W Khaled Moharem Senior Account Director Middle East & North Africa SWIFT Dubai, DIFC. PO BOX 506575 UAE +97144250900 +97143690882 +97144250160 +971506240813 Khaled.Moharem@swift.com swift.com 16