Overview
Agenda

Date: 9 September 2026
Time: 09:30 - 15:00 CEST Followed by a networking reception
Venue: Deutsche Nationalbibliothek, Adickesallee 1, 60322, Frankfurt am Main, Germany

Jointly hosted with

 

Sponsored by

                   

Overview

Now in its 14th year, the bwf and ICMA Capital Markets Conference returned to Frankfurt on 9 September 2026.

150 market participants representing banks, investment firms, the fund industry, regulators, and legislators gathered to hear from industry experts on the regulatory issues facing capital markets with specific emphasis on the German perspective. Keynote speeches and panel sessions discussed key topics including digitalisation, tokenisation and market integration.

CEST    
09:30   Registration
10:00   Welcome remarks
Andy Hill, Managing Director, Co-Head of Market Practice & Regulatory Policy, ICMA
Kai Jordan, Chair, Bundesverband der Wertpapierfirmen (bwf)
10:15   Keynote: European capital markets - innovation and stability
Dr. Thorsten Pötzsch, Chief Executive Director Securities Supervision/Asset-Management, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
10:35   Keynote: Global trend in capital markets innovation
Jean-Paul Servais, Chair, International Organization of Securities Commissions (IOSCO)
10:55   Panel: Tokenisation and Bond Markets: hype, hope, or reality?

Moderator:
Andy Hill, Managing Director, Co-Head of Market Practice & Regulatory Policy, ICMA
  • Michael Cyrus, Head of Short Term Products, Equity Finance & FX, DekaBank
  • Christoph Hock, Head Tokenisation & Digital Assets, Union Invest
  • Dr. Efthimia Kefalea, Head of Derivatives Clearing Development & Digital Innovation, Eurex Clearing AG
11:40   Now suitable for Investment Firms: New Minimum Requirements for Risk Management
Birgit Ortkemper, Head of Division Policy Issues Relating to Investment Institutions Supervision and Supervision of Investment Institutions, BaFin
12:00   Lunch
13:00   Panel: Market integration

Moderator: Michael Sterzenbach, Secretary General, bwf
  • Rosa Armesto, Director General, Federation of European Securities Exchanges (FESE)
  • René Lorenz, Director, Association of German Banks
  • Waldemar Markiewicz, President & CEO, The Polish Chamber of Investment Firms
  • Martin Merlin, Director at FISMA C, Financial Markets, European Commission
13:50   Liquidity - dealing with the end of abundance
Christoph Rieger, Head of Rates & Credit Research, Commerzbank
14:05   Closing remarks
Michael Sterzenbach, Secretary General, bwf
14:10   Networking reception
15:00   Event close

 

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