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Wednesday 9th March 2011 - One King West Hotel & Residence, 1 King Street West, Toronto
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Registration and refreshments
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08:55
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Chairman's opening remarks
Michael Imeson, Contributing Editor, The Banker
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| 09:00 |
Banking: improving risk management to withstand future shocks
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Is the world about to experience more financial market turmoil, possibly sparked by a sovereign debt crisis… or are we witnessing the beginning of a sustained recovery?
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How do you manage risk in times of great uncertainty?
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Self-improvement: what the banking sector is doing to put its own house in order.
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External discipline: what international and national regulators – in particular the Financial Stability Board, the Basel Committee on Banking Supervision, and the Canada’s OSFI – are doing to oblige banks to strengthen their risk management frameworks.
Don Hathaway, Interim CEO, Global Risk Institute in Financial Services
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09:20
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Banking: preparing for Basel III
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EmThe Basel Committee’s new global capital and liquidity rules, “Basel III”: the key points.
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The impact on banks – globally, and in Canada.
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Further rules in the pipeline, including measures to strengthen the resilience of systemically important financial institutions (SIFIs).
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Implementation challenges between now and 2018.
Neil Kothari, AVP Risk Management, TD Bank Financial Group
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09:40
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Insurance: Building more resilient institutions
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Predicting the future – the insurance, credit, market and operational risks in store for insurers.
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The extent to which risk management practices are being improved to cope with these risks
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Defining risk appetite, setting risk limits, measuring risk, improving internal governance, allocating appropriate levels of capital, and embedding risk management in all activities across the enterprise.
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Meeting regulatory requirements at international, federal and state levels. Is a Canadian version of the European Union’s Solvency II directive needed to improve insurers’ risk and capital management?
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10:00
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Regulation: helping financial institutions to help themselves
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What regulators have been doing globally to encourage firms to improve their risk management strategies and practices to be better prepared for the next crisis and to promote global financial stability: focus on the Financial Stability Board, the Basel Committee, International Organisation of Securities Commissions (IOSCO) and the International Association of Insurance Supervisors (IAIS).
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The Canadian dimension, in particular the Office of the Superintendent of Financial Institutions.
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Areas of focus: eg stress-testing; leverage ratio; increasing transparency to reduce risk in the financial system; addressing counter-cyclicality; aligning salaries and bonuses with long-term value and risk management; building adequate and integrated IT systems; risk governance.
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10:20
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Panel Session: Risk governance and the rise of the CRO
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Do the Chief Risk Officer (CRO) and other senior risk managers in financial services organisations now have enough power and authority?
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Enhancing corporate governance practices in banks and other financial institutions: mandatory and self-regulatory measures to define the role of the supervisory board and the management board, especially in relation to approving and overseeing the organisation’s risk strategy, and understanding the roles of the CRO and other senior risk executives.
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The CRO’s over-arching role – to head up an independent and authoritative risk management function with direct access to the boards.
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The CRO’s specific duties – to identify and manage risks in individual entities, and across the enterprise, using appropriate systems and controls.
Panel Moderator:
Michael Imeson, Contributing Editor, The Banker
Panellist:
Clare Gaudet, VP Risk Management, TD Bank Financial Group
Wes Gill, Executive Lead, Enterprise Risk Management, SAS Canada
Tony Peccia, Chief Risk Officer, Citibank Canada
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| 11:05 |
Concluding remarks
Alastair Sim, Senior Director, SAS
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11:15
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Chairman’s summing up, end of briefing and refreshments
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Presented By
In Association With
Media Partner
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