Sibos 2011 - And so it begins...

19 September 2011

After months of planning and preparation, Sibos 2011 is finally upon us. This year it’s the turn of Toronto’s Metro Convention Centre to be the location for what should prove to be a week of insightful debate and discussion.

There are plenty of issues to fuel talk at this year’s conference. The pot of regulation is continuing to churn while the debt crisis in both the US and eurozone deepens. Last week’s “unauthorized trading” incident at UBS, which cost the bank an estimated $2 billion, also raises numerous questions surrounding transparency, risk management and controls - these areas are sure to be tossed and turned by the numerous Sibos panels and exhibitors on the conference floor.

Some of the key themes in this year’s Sibos programme were reflected in the entertainment on the flight over from London. The Social Network, a drama based on the launch of Facebook, inadvertently highlighted some of the key talking points at this year’s event. The film’s plot is based on new technology, innovation and the use of social media, which are all hot topics for debate.

Indeed the dedicated technology stream begins in earnest on the Monday morning - the Re-Imagine IT plenary led by Gartner’s Peter Sondergaard is placed ahead of SWIFT’s welcome address in the programme, emphasising the importance of the issue to the financial services community. Innotribe, the SWIFT initiative dedicated to innovation, also begins in earnest. Other key sessions include the Opening Plenary, which should set the tone for the next few days, and Cloud computing - the momentum gathers.

If you are one of the 7,000 participants expected to pass through the conference door on Monday morning, then please visit bobsguide and gtnews at stand PS06. bobsguide is launching its bobsguide conference magazine (Sibos edition) on the first day of the event - copies are available from our stand and in the media racks near the entrance. bobsguide will also be producing a daily blog covering the key sessions and providing an insight into the discussion at this year’s conference.

The city of Toronto so far has proved to be a pleasure. The baseball match between the Blue Jays and the New York Yankees was a great spectacle, held in the shadow of the CN Tower, while the Tieto event at the top of the tower was a great way to begin the week. Hopefully the conference itself should prove to be as equally entertaining.

By Jim Ottewill

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