Victoria Cumings

Managing Director Americas, Global FX Division
SIFMA

Victoria Cumings is MD for the Americas with the Global Foreign Exchange Division of the Global Financial Markets Association, an industry trade association. Victoria is responsible for regulatory issues and advocacy in the Americas impacting the foreign exchange market as well as global initiatives in areas such as margin, capital and clearing. Victoria was previously with CLS Bank International, where she led their New York Legal team, and has also in the past held positions as Senior Legal Counsel at HSBC Securities USA, Associate at law firm Davis Polk & Wardwell, and as a solicitor at the Australian law firm McCullough Robertson.

4:40 PM Industry Perspective: Mitigating settlement risk- How can same day settlement be implemented to reduce counterparty risk, minimize trading costs and meet your best execution mandates?

Ø Best practice in institutional FX settlement- What is driving the need for faster settlement steps can you take to reduce the settlement time for FX forward transactions?

Ø How can you best transact, clear and settle trades more competitively to reduce the costs of trading and maximize your chances of best execution?

Ø With the trend towards asset globalization and increased exposure to foreign investments, how can you best mitigate the challenge of dealing with global custodians and local agents?

Ø Establishing the pros and cons- What are the challenges of shortening the settlement cycle and how can these be overcome to make same day settlement a reality?

Ø Debate- Has SWIFT outlived its usefulness or will it continue to be the most widely used form of FX settlement for years to come?

Check out the incredible speaker line-up to see who will be joining Victoria.

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