Join us for Regs & Eggs™ New York

Beyond Market Surveillance:

Shaping the Future of Financial Integrity 

November 7, 2024 | 8:00-11:00 AM

ArrowJoin us on November 7th, as SteelEye's flagship event,
Regs & Eggs, returns to New York City

Register Your Interest:

In 2024, a surge of new threats has jeopardized the integrity of financial markets, as rogue actors employ increasingly sophisticated techniques to manipulate markets and evade regulatory scrutiny.

In response, regulators have heightened their expectations, pushing market participants to develop long-term strategies that reinforce compliance controls and processes. However, many firms continue to rely on outdated and fragmented technology for operational supervision.

Regs and Eggs New York 2024 will tackle these emerging risks, offering firms actionable insights on strengthening their risk and control programs to safeguard their organizations. Attendees will gain unique perspectives from Nick Leeson, the infamous trader behind the collapse of Barings Bank, and Niki Fotheringham from Bank of America, who will underscore the urgent need for innovation in market surveillance, along with insights from other industry experts.

Arrow

Why attend Regs & Eggs New York 2024

Relying on outdated technology is no longer sufficient in the face of emerging threats like cross-product manipulation and sophisticated evasion techniques.

Regs & Eggs New York 2024 offers a unique opportunity to gain exclusive insights from industry experts, equipping you with the knowledge to develop future-ready strategies that not only meet regulatory expectations but also safeguard your firm from financial, reputational, and operational risks. The event will also provide invaluable networking opportunities with compliance professionals, regulators, and financial leaders, ensuring that your firm is well-prepared to navigate surveillance challenges and maintain market integrity.

Register here to secure your place

Arrow

Agenda

8:00: Arrival & buffet breakfast

8:50: Welcome address from SteelEye

9:00: Sessions

  • Keynote Speaker: Lessons from the Barings Bank Collapse, Nick Leeson. Learn more >

  • Address: Pushing the Boundaries of Innovation in Market SurveillanceNiki Fotheringham, Bank of America. Learn more >

  • Panel: The Market Surveillance Journey, Insights from Industry Leaders. Learn more >

10:50: Closing remarks from SteelEye

Details

Date:
Thursday, November 7th

Time:
8:00 - 11:00 AM ET

Location:
Manhattan Financial District

Don't miss the chance to join SteelEye for a world-renowned breakfast and breathtaking views of Manhattan.

                 Register Your Interest

Arrow

Keynote: Lessons from the
Barings Bank Collapse
with Nick Leeson

The original "Rogue Trader" is back. After captivating our London audience at Regs & Eggs 2023, Nick Leeson is making his way to America to provide a riveting account of the events that led to the downfall of Barings Bank, one of the most notorious financial scandals in history. 

Nick Leeson single-handedly caused the collapse of Barings Bank in 1995. Through unauthorized and speculative trades, Leeson accrued losses totaling $1.3 billion. He was arrested and sentenced to six-and-a-half years in a Singaporean prison. 

When the Bank collapsed, it was described as a wake-up call and a warning to the industry that something like this could never happen again. Yet, more than two decades later, we continue to see cases of rogue trading, bank failures, and financial scandals. At the heart of almost all scandals lies human error and poor judgment. 

Nick will speak about the lack of controls, oversight, and accounting safeguards that ultimately led to the collapse of Barings Bank. He will also discuss the importance of compliance, governance, and culture in the financial sector and how firms today can avoid a similar fate as Barings Bank. 

Regs & Eggs New York - November 2024 - Nick Leeson

 

Arrow

Address: Pushing the Boundaries of
Innovation
in Market Surveillance
with Niki Fotheringham

In 2024, the benefits of leveraging future-proofed technology in market surveillance are undeniable.

Modern technologies leveraging advanced statistical analytics, AI, and cloud computing have pushed the boundaries of what is possible within market surveillance and are generally well accepted by regulators. Yet, industry-wide adoption has been slow up to this point.

Whether it is concerns around model explainability, the perceived skills gap with new technology, or a tendency toward risk aversion, many firms have chosen to stick with outdated and fragmented legacy systems. However, this reliance on antiquated technology has created vulnerabilities that bad actors are now exploiting, using these loopholes to evade regulatory oversight.

Bank of America’s Head of Surveillance, Global Compliance and Operational Risk, Niki Fotheringham, will address her peers at Regs & Eggs to rethink their approach to market surveillance. She will highlight how far technology has come and argue that the time for innovation is now. 

Regs & Eggs New York - November 2024 - Niki Fotheringham

About Niki Fotheringham: 

With over 25 years of experience in financial service, including more than 15 years in surveillance, Niki is a firm believer that advanced technology can be a powerful tool in the battle against market abuse. Prior to joining Bank of America, Niki served as the Global Head of Surveillance at HSBC Bank. Her remit has included surveillance across trade, electronic communications, and voice.

Originally from Scotland, Niki has held multiple senior Compliance roles in both London and New York, with a focus on monitoring and investigatory practices. Niki is also a strong advocate for diversity, equity, and inclusion initiatives, which she firmly believes helps her ability to lead others and also create a culture of compliance.

Arrow

Panel:
T
he Market Surveillance Journey
Insights from Industry Leaders

Moderating this panel, Niki will engage with esteemed compliance leaders to explore the current state of market surveillance across the industry. The discussion will cover the technologies that firms are utilizing, the challenges they encounter, and their projections for the next 3-5 years. Attendees will gain practical insights into the real-world application of advanced surveillance tools and a forward-looking perspective on the future of compliance technology.

  • Real-world examples of technology implementation in market surveillance

  • The growing impact of AI and machine learning on compliance

  • Global regulatory trends and their impact on surveillance

  • The hidden costs of underperforming surveillance systems

Cliffe Allen, NFA
Cliffe Allen,
Managing Director of OTC Derivatives Compliance, NFA



Michael Zanga, Barclays

 

Michael Zanga, Group Head of Digital, Resiliency, and Services Risk, Barclays

Arcangelo Grisi, Wells Fargo
Arcangelo Grisi,
Global Head of Trade Surveillance, Wells Fargo

 

 

Niki Fotheringham, Bank of America
Moderator: Niki Fotheringham,
Head of Surveillance, Global Compliance and Operational Risk, Bank of America

Arrow

About SteelEye's Regs & Eggs Event Series

We launched our Regs & Eggs event series in 2017 - inviting industry experts to share their insights and views on the latest regulatory topics over breakfast (eggs to be specific). Our most recent event was hosted at London's House of Commons in June 2024. The breakfast featured Lord Daniel Finkelstein OBE as a keynote guest and brought together expert speakers from PWC, Baird, TD Securities, and more. These events aim to share knowledge and facilitate discussions with industry leaders about the key factors that impact financial services compliance.

By popular demand, SteelEye's flagship event returns to New York City, where North American compliance professionals will have a chance to participate in this highly regarded gathering. Attendees will hear from industry experts, gaining insights into the future of financial compliance as well as strategies that they can deploy to ensure long-term success within their firm. Hosted 60 floors high in Manhattan's Financial District, participants will experience a world-class breakfast while enjoying breathtaking views of the New York City skyline.