Agenda - New York

Tuesday 28th September, The Westin, New York
 
08:00
Registration and Refreshments

  08:55
 Chairman's opening remarks

  Michael Imeson, Contributing Editor, The Banker

09:00
  Banking: improving risk management to withstand future shocks
  • 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?
  • How do you manage risk in times of great uncertainty.
  • Self-improvement: what the banking sector is doing to put its own house in order, including implementing the risk management recommendations of the Institute of International Finance, the American Bankers Association and other industry bodies.
  • External discipline: what international and national regulators – such as the Basel Committee on Banking Supervision, the US Treasury and the Federal Reserve Board – are doing to oblige banks to strengthen their risk management frameworks.
  • The benefits: better risk governance, greater integration of all risk activities, more accurate risk data and modelling, robust stress-testing and changes in pay and bonus policies to reduce excessive risk-taking.
  • The drawbacks: higher capital and liquidity requirements will reduce lending capacity.

David Coxon, Chairman, Risk Management Association and President and CEO, State Bank of Georgia


  09:20
  Banking and capital markets: preparing for Basel III
  • The Basel Committee’s proposals for new global capital and liquidity rules, “Basel III” – Strengthening the Resilience of the Banking Sector and International Framework for Liquidity Risk Measurement, Standards and Monitoring.
  • The potential impact on the US and global securitization markets.
  • The next steps: publication of the final rules, the timeline for implementation, implementation challenges.

Tom Deutsch, Executive Director, American Securitization Forum


09:40
  Insurance: building more resilient institutions
  • Predicting the future – the insurance, credit, market and operational risks that are in store for insurers.
  • The extent to which risk management practices are being improved to cope with these risks.
  • Defining risk appetite, setting risk limits, measuring risk, improving internal governance and embedding risk management in all activities across the enterprise.

  Carol Siegfried, Chief Risk Officer, Americas, Zurich Services Corporation 


10:00
  The regulatory outlook - domestic and international
  • The US regulatory outlook after the Dodd-Frank Wall Street Reform and Consumer Protection Act. New regulations that will impact your business and competitiveness.
  • International regulatory initiatives from the Basel Committee (“Basel III”), the Financial Stability Board and the Joint Forum.
  • US regulatory initiatives from the federal banking agencies.
  • Focus on capital, liquidity, risk management (including stress testing and systems development) and corporate governance.

Mary Frances Monroe, Vice President, Office of Regulatory Policy, American Bankers Association


10:20
  Panel Session: Risk governance and the rise of the CRO
  • Do the Chief Risk Officer (CRO) and senior risk managers in financial services organisations now have enough power and authority?
  • 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 improved risk governance, approving and overseeing the organisation’s risk strategy, and understanding the roles of the CRO and other senior executives.
  • The CRO’s over-arching role – to head up an independent and authoritative risk management function with direct access to the boards.
  • 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

Panellists:
Martha Cummings, Chief Risk Officer, New York, Banco Santander

Bennett Golub, Chief Risk Officer and Member of the Global Executive Committee, BlackRock

Dr Elliot Noma, Managing Director, Garrett Asset Management

Raj Singh, Chief Risk Officer, CitiMortgage

Michael Stefanick, Director, Risk, SAS


11:05
Concluding Remarks

Alastair Sim, Senior Director, SAS

11:15
Networking Refreshments



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