Stephen Kingsley

Throughout his career Stephen has specialised in serving clients involved in financial markets, in particular advising companies engaged in broking and trading securities, futures and options internationally and in developing exchanges to meet participant demand. He also leads the audits of two major fund management groups, four specialist securities trading firms and the London activities of five international banks.

Stephen has been heavily involved in firm’s extensive trading markets practice. He has worked on projects with:
• London Stock Exchange, redesigning the trading mechanism.
• SOFFEX and DTB, assisting in the conceptual design of both these exchanges.
• London Commodity Exchange, performing a regulatory review.
• Oslo Børs, producing a strategic plan.
• Bolsa de Lisboa, assessing the viability of a Portugese derivatives market.

Stephen has led various engagements in the area of trading and risk management as follows:
• A risk control review to assist in identifying and controlling exposures arising from the soft commodity trading, financial product trading and treasury operations of a large corporate in the food products sector. The review included a programme for the establishment and implementation of a group-wide risk control strategy.

• A review of the futures, options and warrant trading activity of a broker/ dealer located in Tokyo, London and New York, which identified shortcomings in the group1s strategy, risk control and performance information delivery.

• A review for a major European trading company of its treasury operations, making recommendations which encompassed the creation of a “middle office”, and modifications required to be made to the position revaluation and decision support systems.

• A comprehensive review of a broker and clearer of futures and options on LIFFE, the Chicago exchanges and SIMEX. This included identifying business risks, assessing existing controls and recommending improvements in management, dealing and operational controls.

Stephen is a frequent speaker and writer, both in the UK and overseas, on the subject of risk management and control in the trading environment. In addition, he is a visiting lecturer at the College of Petroleum Studies, where he lectures on risk control.

Stephen was responsible for the production of 'European Banking and Capital Markets - a strategic forecast’ - published by the EIU in 1993.