Stephane Malrait

Stephane Malrait

Non-Executive Director Quorum 15 & FCA
Stéphane has 30 years experience in banking and is a Non Executive Director (NED) of the UK Financial Conduct Authority (FCA) and Quorum15 (Q15). He is also an independent advisor for technology companies in the Financial Markets space. He work with policymakers, regulators and industry practitioners to improve market structure and industry challenges impacting the financial market industry. At the FCA, Stephane is a member of the oversight and risk committees. At Quorum 15, he moderate the FX Quorum and is a member of the Fixed Income Quorum. He was a board member of ICMA (Global Fixed Income market association) and chairman of the board of ACI FMA (FX and Money Market association present in 61 countries). He was also a board member of several Fintech companies since 2016. Stéphane has also been a member of the public/private sector GFXC (Global FX Committee) and the ECB FX Contact Group working on the FX Global Code and has co-chaired the GFXC Algo and TCA sub-group looking at the 3-years review of the FX Code. Stéphane has a strong banking experience after fulfilling different leading position at JPMorgan, Societe Generale and at ING Bank in London, New York, Paris and Amsterdam.

Main Day 2 | 17th September

11:40 AM EM Hedging Panel: Hedging in challenging markets: How can you manage liquidity constraints, pricing gaps and rising hedging costs across EM currencies?

Hedging EM currency exposure presents corporates with challenges that differ materially from G10, including uneven liquidity, wider pricing and limited hedging tenors. This session examines how corporate FX teams manage EM and frontier currency risk where exposure can build quickly, pricing gaps appear around weekends or market closures, and hedging costs are higher.

Speakers will discuss how they hedge forecast revenues, costs and existing EM exposures when market access and liquidity vary significantly by currency. The panel will share practical examples of how corporates structure hedges, manage cost and use proxy or correlation-based approaches where direct hedging is inefficient or unavailable. A focused discussion on how FX teams balance risk reduction and cost across EM currencies.

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

Download The Latest Agenda