28th Annual Securities Operations Summit

Since 1991, ISITC has fostered a community dedicated to optimizing the securities transaction process through the development of standards and best practices for new technologies. Throughout the organization’s rich history, ISITC events have played an integral part in accomplishing the organization’s mission by providing a forum for knowledge sharing and networking to keep our industry connected and strong.

This year, the Securities Operations Summit will take place in-person at the Renaissance Boston Waterfront Hotel, where we will unite leading industry professionals to explore the key challenges and opportunities facing the financial services industry. The summit is themed "The Financial Services Renaissance: A Time to Revitalize" and will facilitate conversation around how we as an industry can use the learnings from the past year to grow back even stronger as we accelerate our growth in the years ahead.

Agenda at a Glance                                                  Program Book

General Sessions

The Path to T+1 and Accelerated Settlement
Michele Hillery, General Manager of Equity Clearing & DTC Settlement Service, DTCC
Brian Steele, Managing Director, Global Head of Market Solutions, Goldman Sachs
The financial services industry has been making steady progress, mapping a path to T+1 settlement.  As the industry undertakes this important work, we recognize it will require significant coordination and will span multiple operations, functions, and regulations. Despite the inherent complexities of this effort, we also know that shortening the settlement cycle will deliver greater operational efficiencies, substantially lower capital requirements and reduce risk in the financial system – all critical goals we are committed to achieving with the industry.

Join Michele Hillery, General Manager of Equity Clearing and DTC Settlement Service, DTCC and Brian Steele, Managing Director, Market Solutions, Global Markets Division, Goldman Sachs and member of the T+1 Industry Steering Committee, as they discuss the path to T+1 and preparing securities operations professionals for accelerated settlement.

CBDC in the Securities World    
Moderator: Mike Wise, Head of Partnerships, Boston Blockchain Association
Anders Brownworth, Principal Architect, The Federal Reserve Bank of Boston
Ricardo Correia, Global Head of CBDC & Digital Currencies, R3
Barney Nelson, Chief Executive Officer, The Value Exchange
Jennifer Lassiter, Executive Director, The Digital Dollar Project
CBDC, central bank digital currency, is under review in the major central banks in the world, as well as developing markets. But what is it exactly, how different is it from the fiat currency, how do we use it today and what are the challenges it presents? There have been many initiatives worldwide on CBDC, from white papers to the launch of pilot programs to explore the use of CBDC. This fireside discussion will be an opportunity to hear from key participants in such initiatives on their first findings and its potential impact on the securities world.

The Future of FinTech: Trends to Watch in Financial Services
Moderator: Chris Daur, Americas Head Client Coverage, Goldman Sachs
Susan Gault-Brown, Partner & Chair of Fintech Practice Group, Stradley Ronon Stevens & Young, LLP
Lara Lyberg, Blockchain Product Manager, American Century
Mark Smith, CEO, Symbiont
To transform and grow at scale and speed, Financial Services must harness the power of technology. Hear experts in their field discuss their views on the implementation of blockchain technology and the new digitally native products emerging at their respective firms or clients.

2022 Market Outlook: The Chocolate Twisted Pretzel
Melissa Weisz, CFP®, CFA Wealth Advisor, RegentAtlantic
Pretzel logic refers to reasoning that twists until it doesn't make sense. Markets typically react poorly to both rising inflation and interest rates. The market making new highs appear to be a nice, chocolate coating on top of that bended, twisted pretzel.

Managing your ESG Risk in 2022
Moderator: Roger Fahy, Vice President, Chief Operating Officer, CUSIP Global Services
Herve Duteil, Chief Sustainability Officer for the Americas, BNP Paribas
Phil Kim, SVP, Global Head of ESG Product, State Street Corporation
William Butterly, General Counsel & Director of Sustainability and Engagement, Boston Partners
In 2021, public-private sector cooperation helped set the stage for the move to a more transparent and trustworthy ESG investing ecosystem. At the COP26 climate change conference in Glasgow, the IFRS Foundation announced the formation of the International Sustainability Standards Board to “develop a comprehensive global baseline of high-quality sustainability disclosure standards.” It’s clear that ESG data is critical to the investment process. The themes presented during this session should be of great interest not just to ESG practitioners but to market participants everywhere as the transition to a low carbon economy to the state of corporate diversity and the shift in the labor market impact us all. This panel will discuss the importance of ESG data and analytics to explain how companies are adapting to rapid changes to asses climate risk, compliance with an increasing set of mandates and assessing ESG risk overall, topics that will continue to be front and center well into the future.

Realizing Data Opportunities in the Securities Industry: Is a Common Standard Needed?
Moderator: Anne Suprenant, Head of Standards Regulatory Authority and Industry Relations, SWIFT
Dannette Fleming, Business Architect, Northern Trust Company
Rich Robinson, Head of Data Strategy & Standards for the Open Symbology Group, Bloomberg LLP.
Subbiah Subramanian, Managing Director, Head of Data Modernization & Analytics, DTCC
Today, the value of cloud, blockchain, robotic process automation (RPA), artificial intelligence (AI), and machine learning (ML) lies less in their speed or capacity than in their ability to store, process, and analyze high quality data. However, participants in the securities markets exchange data in a wide variety of messaging formats, including ISO 20022, ISO 15022, FpML, FIX as well as a range of proprietary standards, emails and spreadsheets, analogue forms such as faxes and, increasingly, through non-standardized Application Programme Interfaces (APIs). Is this multiplicity of data formats hindering the progress for data-based technology for the securities industry? Does the securities industry, following the correspondent banking space see a strong business case for the adoption of a common standard such as ISO 20022? In this session, we will explore the practical and operational challenges of enabling different formats to inter-operate successfully.

Cybersecurity in the Capital Markets
Moderator: Jim Cochrane, MD, Head of Sales for North America, BestX Ltd.
Pamela Gupta, CEO & President, OutSecure, Inc.
Jason Harrell, Managing Director, Operational and Technology Risk, Head of External Engagement, DTCC
Chuck Ocheret, Chief Technology Officer, Symbiont
The likelihood of a cyberattack is reasonably high.  An organization that may have taken steps to detect and prevent attacks can still experience significant incidents. SEC Chairman Gensler just announced that the SEC is exploring ways to improve cybersecurity in capital markets.  Top security experts in the financial services industry will discuss challenges from ransomware, phishing attacks, malware attacks, etc that threaten the industry and the economic impacts.

Requirements for In-person Conference
All attendees are required to be fully vaccinated against COVID-19 OR show proof of a negative COVID-19 test within 72 hours of arrival at the conference. All attendees must register for the Conference in advance, and as part of the registration process, you will need to agree to a COVID waiver as well as note that you are fully vaccinated against COVID-19 OR that you will provide a negative COVID-19 test within 72 hours of arrival at the conference. Proof of vaccination or negative COVID test results must be provided by all attendees, as well as their guests, during the check-in process. Tests accepted include both PCRs and Rapids/Lateral Flow. As of March 5, masks are no longer required to be worn indoors. Therefore, ISITC will not be requiring masks to be worn at the meeting, but attendees are still able to do so if they please. For more details on the health and safety precautions ISITC is taking, please click below.

Health & Safety Information

COVID Waiver