Update

Event

	City Debate - Mansion House

Thursday 5 January
Sponsors: Eurex, Euronext.liffe and LCH.Clearnet

Roy Leighton and Anthony Belchambers had great pleasure in welcoming a distinguished audience to the FOA's annual City Debate which has become established as one of the City's more entertaining, and intellectually stimulating, debating forums. The original aim of the City Debate was to provide FOA Members – and the wider Wholesale Financial Markets community – with an opportunity to address topical issues which had, and continue to have, the potential to affect the current and future development of the Industry.

The theme for 2006 “Hedge Funds: too much power in too few hands?” - a topic hotly debated in the press and amongst regulatory authorities - continued this tradition with an illustrious panel to argue for or against the motion. Anthony Hilton, Financial Editor, Evening Standard and Dr Ruben Lee, Managing Director, Oxford Finance Group proposed that hedge funds are a cause for concern with Michael Spencer, Chief Executive, ICAP and Jean-René Giraud, Chief Executive, Edhec Risk Advisory, Edhec Risk and Asset Management Research Centre arguing to the contrary. The whole being skillfully moderated by Jon Snow, who received a warm welcome to the City Debate. Anthony Hilton and Ruben Lee put forward some very compelling arguments but lost the Debate to Michael Spencer and Jean-René Giraud, whose more positive view of the benefits of Hedge Funds persuaded the audience to vote in their favour.

The FOA is particularly grateful to The Rt Hon The Lord Mayor, Alderman David Brewer, for allowing the City Debate to take place again at the Mansion House – the Debate's ‘home' since its introduction in 1996. The City Debate could also not take place without the generosity of its sponsors, in 2006 our thanks go to Eurex, Euronext.liffe and LCH.Clearnet and to all those who took tables.

It has become a tradition of the Debate that a donation to charity is made from the proceeds from the evening. The beneficiaries this year are the Lord Mayor's Appeal for the Treloar Centenary Appeal – linking learning with independence, Treloar's educates and supports some of the most disabled children in Britain – and The Alzheimer's Research Fund.

	International Derivatives Week – London

19 June to 23 June 2006

International Derivatives Week provides a major showcase for the derivatives industry in the United Kingdom and attracts participants from the world's leading financial centres and emerging markets. In 2006 the week will comprise the following main events:

Wednesday 21 June & Thursday 22 June:

Venue: The Queen Elizabeth II Conference Centre – London's most prestigious conference center.

FIA FOA @ the QEII : for the second year running, the FIA and FOA are pleased to present a special programme at this year's FOW Derivatives & Securities World London. The FIA FOA programme will feature a series of specialist EU / US panel sessions and looks forward to welcoming many of the Industry's leading representatives to the ‘speaker platform'.

FOW's Derivatives & Securities World , which returns to London for the 16th consecutive year, combines a major trade show with an update on the latest industry trends via a wide ranging programme of seminars, round table discussions and master classes. This year's show will take place in the award winning Queen Elizabeth II Conference Centre, right in the heart of Westminster.

Other events will include receptions, dinners, seminars and press briefings.