February 12-13, 2026
Scottsdale Resort & SpaScottsdale, AZAgenda Topics
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The State of the Global Securities Finance Market
- Did 2025 turn out to be the year of recalibration following the T+1 transition and geopolitical volatility?
- How might the current administration policy shifts affect capital markets, regulatory priorities, and investor sentiment?
- How are anticipated rate cuts shaping the securities finance landscape? Are we seeing renewed appetite for risk or a shift in collateral preferences?
- Which opportunities are top of your agenda moving into 2026?
- Are AI, tokenization, or new market entrants driving innovation?
- How is your business navigating the regulatory pressures from Basel 3.1, T+1, and SFTR? What are the biggest compliance or operational hurdles?
- How are regional regulatory divergences across the US, EU, and UK impacting your strategy?
- What inefficiencies do you consider to be holding back progress most significantly?
- How are you handling increased costs of financing? Are capital charges under Basel III and liquidity constraints reshaping your lending programs?
- What is the health of special trading opportunities?
- Are there signs of recovery or continued pressure from macroeconomic uncertainty?
- Should beneficial owners be taking more risk?
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Securities Lending in a Shifting Portfolio Landscape
- Should beneficial owners be taking more risk in their lending programs?
- How are asset allocation shifts toward private credit and alternatives impacting lendable inventory?
- Are liquidity constraints and capital charges reshaping how beneficial owners approach lending?
- What governance and oversight practices are evolving in response to market complexity?
- Are beneficial owners adjusting their lending strategies in response to rate volatility?
- How are fiduciary responsibilities influencing risk appetite and program design?
- What are the key performance metrics beneficial owners are using to evaluate lending programs?
- Are beneficial owners seeing meaningful returns from expanding their asset base?
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Digital Assets in Securities Finance: Tokenization, ETFs & the Future of Collateral
- How tokenized securities and blockchain infrastructure are reshaping settlement and collateral workflows
- The rise of digital asset ETFs: implications for beneficial owners and portfolio diversification
- Navigating regulatory frameworks for digital assets in securities lending and custody
- Opportunities and risks in integrating stablecoins and tokenized cash equivalents into financing structures
- The role of smart contracts in automating securities finance transactions
- Operational challenges in onboarding digital assets: custody, valuation, and risk management
- How digital assets may influence future collateral eligibility and risk models
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Preparing for the Treasury Clearing Mandate: Strategic Implications for Beneficial Owners
- Key milestones for Treasury cash clearing and repo clearing - actionable preparation steps for beneficial owners
- Technology upgrades, workflow redesigns, and system integrations required to support centralized clearing processes
- Understanding initial and variation margin requirements, capital allocation changes, and liquidity management under the new clearing framework
- Reshaping prime brokerage relationships, clearing member selection criteria, and market access considerations in a centrally cleared environment
- Enhanced collateral management requirements, eligible securities criteria, and strategies for efficient margin posting and substitution
- New operational, credit, and liquidity risk profiles under central clearing, plus updated risk monitoring and mitigation frameworks
- Evaluating clearing fees, operational expenses, and capital costs against reduced counterparty risk and potential market efficiencies
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Basel and eSLR: Regulatory Convergence Reshaping the Global Securities Finance Market
- Combined effects of Basel III reforms and enhanced Supplementary Leverage Ratio changes on GSIB balance sheet capacity and securities lending economics
- How Output Floor implementations and credit risk RWA increases are pressuring banks' intermediation capabilities and pricing models
- Rethinking dealer relationships, exploring non-GSIB alternatives, and diversifying counterparty structures in response to regulatory constraints
- Adoption of pledge structures, synthetic alternatives, and technology solutions to reduce capital drag and optimize regulatory treatment
- Leveraging central clearing to unlock capital benefits and enable buy-side market access as bilateral capacity shrinks
- Collateral and Risk Framework Adaptation: Evolving program structures, collateral types, and risk management approaches to remain attractive counterparties under new capital regimes
- Assessing whether traditional players will exit, pricing model changes needed for cleared vs. bilateral trades, and long-term market capacity implications
- Preparing beneficial owner programs for a fundamentally different securities finance landscape shaped by regulatory capital constraints
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T+1 and the Accelerated Settlement Era: Operational, Liquidity & Regulatory Impacts
- What has been the real-world impact of T+1 settlement on the global securities finance market?
- How are firms adapting to compressed settlement windows, especially for cross-border transactions?
- What lessons have been learned from early adopters, and how are those shaping global best practices?
- How are beneficial owners and agent lenders managing the operational demands of SEC Rule 10c-1a?
- What role can blockchain and distributed ledger technologies play in reducing friction and improving settlement efficiency?
- How are firms leveraging real-time data, automation, and AI to meet new timing and liquidity demands?
- What are the liquidity implications of T+1 for recall timing, collateral movement, and cash reinvestment?
- How is the Basel III framework compounding the operational and capital pressures of accelerated settlement?
- What other SEC proposals or global regulatory changes could further reshape the post-trade environment?
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Indemnification & Counterparty Risk: Rethinking the Safety Net
- Is indemnification still the cornerstone of risk management for beneficial owners?
- How are beneficial owners evaluating counterparty risk in a fragmented and evolving market?
- Are new peer-to-peer platforms and non-bank entrants changing the risk calculus?
- What questions should beneficial owners be asking their agent lenders?
- How are indemnification terms evolving in response to regulatory and market pressures?
- Are beneficial owners comfortable with the credit profiles of new counterparties?
- What are the implications of reduced indemnification coverage or exclusions?
- How do beneficial owners benchmark indemnification practices across providers?
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Liquidity Under Pressure: Managing Risk & Reinvestment in a Volatile Rate Environment
- How is interest rate uncertainty reshaping liquidity strategies for beneficial owners?
- What adjustments are being made to cash reinvestment policies in response to market volatility?
- How are firms reassessing their liquidity buffers to meet operational and regulatory demands?
- What role does collateral flexibility play in navigating rate-driven liquidity constraints?
- Are beneficial owners shifting toward shorter-duration or more conservative reinvestment vehicles?
- How are agent lenders helping clients manage intraday liquidity and recall timing under T+1?
- What tools and technologies are being used to model liquidity risk more effectively?
- How are firms balancing yield optimization with capital preservation in this environment?
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Next-Gen Collateral Mobility: Operational Innovation in a Real-Time World
- How are rising financing costs reshaping collateral optimization strategies?
- What role is tokenized collateral playing in improving liquidity and settlement speed?
- How are firms leveraging real-time margining and intraday collateral mobility to reduce risk?
- What innovations are clients and agents adopting to enhance collateral value and portability?
- Have you made any process or tech upgrades to streamline collateral management?
- How are you constructing flexible collateral sets to meet diverse client needs?
- What are clients doing to increase the cross-border mobility of their collateral?
- How are you managing reinvestment risk in a volatile rate environment?
- What’s the outlook for interoperability between traditional and digital collateral ecosystems?
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Unlocking Growth: New Markets, Emerging Regions & Non-Bank Entrants in Securities Finance
- What are the most promising new markets — and why are regions like Africa, the Middle East, and Southeast Asia gaining attention?
- Are markets such as South Korea and Thailand becoming more operationally complex for securities lending?
- How are non-bank financial institutions (NBFIs) driving growth and liquidity in underserved markets?
- What strategies are being used to navigate infrastructure gaps and collateral limitations in emerging regions?
- How do you engage with local regulators and market authorities to ease access for beneficial owners?
- What are the key legal, tax, and operational hurdles to entering markets like Brazil, Saudi Arabia, Indonesia, and the Philippines?
- Who is already active in these regions — and what lessons can be learned from their approach?
- What challenges persist around education, regulatory clarity, and market readiness?
- How do you assess risk and return when expanding into new jurisdictions?
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Fragmented Rules, Global Markets: Navigating Regulatory Divergence in Securities Finance
- How are Basel III reforms being implemented differently across the US, EU, and UK — and what does that mean for capital efficiency?
- What are the implications of ESG-related disclosure mandates diverging across jurisdictions?
- How are settlement reforms impacting cross-border securities lending and collateral flows?
- What challenges are firms facing in aligning with multiple regulatory regimes while maintaining operational efficiency?
- How are beneficial owners and intermediaries adapting to regulatory fragmentation without losing market access?
- What role can industry bodies and global standards play in driving harmonization?
- Are firms rethinking jurisdictional exposure or counterparty selection due to regulatory arbitrage?
- How are technology and data solutions helping firms manage compliance across regions?
- What’s on the horizon: which upcoming regulatory proposals could further complicate or streamline global securities finance?
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Cyber Risk & Operational Resilience in a Digitally-Driven Lending Market
- How is the expansion of digital infrastructure reshaping risk management in securities lending?
- What are the top cybersecurity threats facing beneficial owners, agent lenders, and intermediaries today?
- How are firms building resilience plans that meet board-level scrutiny and regulatory expectations?
- What role does third-party risk play in securities lending operations — and how is it being monitored?
- How are firms protecting data integrity and trade execution in increasingly automated environments?
- What are the best practices for incident response and business continuity planning in lending programs?
- How are cloud migration and API integrations impacting operational risk profiles?
- What are regulators expecting in terms of cyber disclosures and resilience testing?
- How can collaboration across the ecosystem improve threat intelligence sharing and response coordination?
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The Rise of Private Credit & Alternative Assets in Securities Lending
- How is the boom in private credit reshaping the securities finance landscape?
- What types of alternative assets are being integrated into lending programs — and how?
- What are the operational and legal considerations when lending non-traditional collateral?
- How are beneficial owners evaluating risk and liquidity in private credit-backed structures?
- What role do synthetic instruments play in accessing private credit exposure?
- Are agent lenders and platforms adapting to support private credit origination and servicing?
- How do these assets fit into collateral optimization strategies under Basel III constraints?
- What are the challenges around valuation, transparency, and counterparty risk?
- Is there a growing appetite among beneficial owners to diversify lending programs with private credit?
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ESG Integration & Its Impact on Securities Finance
- What are the implications of restricting lending of poorly ranked ESG stocks?
- How is the rise of green shorting influencing market behavior and portfolio construction?
- What frameworks are being used to assess ESG risk in lending programs?
- How are beneficial owners balancing fiduciary duty with sustainability goals?
- What are the operational challenges in implementing ESG screens across global lending programs?
- How are agent lenders adapting to meet ESG mandates from clients?
- What role does data transparency play in ESG integration — and where are the gaps?
- Are regulators pushing for more ESG-related disclosures in securities lending?
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Leveraging Data, AI & Tech to Optimize Securities Lending
- How are firms using advanced data analytics to benchmark performance and uncover new insights?
- What impact will SEC Rule 10c-1a have on the quality and transparency of performance data?
- How are AI and machine learning improving allocation models, risk assessment, and operational efficiency?
- What challenges remain in applying data effectively across fragmented systems and jurisdictions?
- How are regulations shaping — or limiting — the use of data and technology in securities finance?
- What does your data reveal about current market inefficiencies and trading opportunities?
- How is blockchain being explored to reduce friction between counterparties and streamline settlement?
- What emerging technologies are driving innovation in post-trade processes and collateral management?
- What are the barriers to adoption — and why is the market still cautious about taking tech-driven risks?
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Rewiring the Market: Peer-to-Peer Lending, Platform Innovation & Counterparty Evolution
- How is peer-to-peer lending reshaping access and efficiency in securities finance?
- What innovations are emerging across platforms and digital marketplaces to support direct lending?
- How are beneficial owners evaluating risk frameworks when engaging in P2P structures?
- What are the operational and legal considerations when bypassing traditional intermediaries?
- How does the cost of lending compare across P2P, bilateral, and cleared routes?
- What technologies are enabling real-time matching, collateral management, and risk monitoring?
- Are beneficial owners and borrowers seeing greater flexibility or transparency through P2P platforms?
- What are the barriers to broader adoption — and how are they being addressed?
- Would you recommend P2P as a borrower? As a lender? What are the key trade-offs?