An Event With
AI Governance in Fixed Income Surveillance · Behavox ICMA 2026 Breakout Session
Date: May 28, 2026
Time: 11:50 AM to 12:35 PM BST
Location: Moore Room, 4th Floor, Queen Elizabeth II Centre, Broad Sanctuary, London
AI that detects. AI that explains. AI that passes the exam.
A breakout session for fixed income surveillance, conduct risk, and model risk leaders.
Session Topic: AI Governance in Fixed Income Surveillance: From Model Risk to Regulatory Examination Readiness
The conduct risk question in fixed income has changed. The relevant question is no longer whether AI can detect more. It is whether the AI a firm has already deployed is defensible: in front of internal model risk committees, in supervisory examinations, and in front of investors who increasingly expect demonstrable controls.
Voice and chat coverage, wall crossing call workflows, primary issuance and repo dynamics, and sustainable finance communications all push fixed income surveillance into territory that generic AI governance frameworks were not built to handle. The FCA and PRA have moved. So have the EU AI Act, FCA DP5/22, and Bank of England supervisory frameworks. This session is built for leaders working through that gap right now.
Topics Covered
- The governance standards firms should apply to AI enabled surveillance systems in fixed income markets
- Practical approaches to model validation, residual risk management, and accountability in MAR and MiFID II contexts
- Preparing for regulatory examinations and demonstrating surveillance programme effectiveness efficiently and credibly
- Fixed income specific surveillance challenges: repo, primary issuance, cross border bond trading, sustainable finance communications
- What constitutes a well governed AI surveillance programme and the industry’s direction of travel
Speaker
John Showell, Head of Strategy & Business Development at Behavox
John Showell is an accomplished technology and go-to-market leader with over two decades of experience delivering innovation and operational excellence across capital markets and financial services technology. He is Head of Strategy and Business Development at Behavox, where he leads strategic growth initiatives.
John previously served as Chief Operating Officer at Mosaic Smart Data and held senior leadership roles at major financial institutions, including Head of FICC Client Services at ION Trading, where he led client-facing technology initiatives across fixed income, currencies, and commodities. Before that, he was Head of Fixed Income Trade Processing and later Head of North American Rates Technology at Citi, where he led large-scale transformation programs and built resilient systems supporting complex trade flows.
John’s deep expertise in capital markets technology, combined with a proven track record in operational leadership and client outcomes, makes him a key driver of growth and execution in high-performance financial environments.
More from Behavox at ICMA 2026
For the full overview of Behavox’s participation at the ICMA AGM, including booth location, the panel session moderated by Fahreen Kurji, and the cross market survey, visit the main event page.
“In fixed income, the highest-risk conduct happens in the gaps between systems: the wall-crossing call, the voice trade, the Bloomberg chat before the order. AI that covers the electronic flow but not the context around it isn’t really surveillance.”- John Showell, Behavox
Who should attend
- Heads of surveillance and compliance for fixed income desks
- Conduct risk and operational risk leadership
- Model risk management and AI governance leads
- Heads of fixed income trading with active surveillance modernisation programmes
- Compliance operations and control room leadership
This invitation does not constitute gifts/entertainment and there is no entrance fee and no preparation required. Should you have additional questions or are unable to register online, please reply to [email protected] and a member of our team will be happy to assist you.
