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Agenda - Hong Kong

Wednesday 3rd November 2010, Regal Hongkong, Hong Kong

08:00
Registration and refreshments
  08:55
 
  Chairman's opening remarks
 
  Ben McLannahan, Asia Lex Writer, Financial Times
 
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 and the Hong Kong bankers’ association.
  • External discipline: what international and national regulators – such as the Basel Committee on Banking Supervision, and the Hong Kong authorities – 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.

Jake Williams, Deputy Chief Risk Officer, Standard Chartered
09:20
  Insurance: building more resilient institutions
  • Emerging risk management practices for insurance.
  • Thinking the unthinkable.
  • Defining risk appetite and risk limits, improving internal governance, allocating appropriate levels of capital, and embedding risk management in all activities across the enterprise. 
  • Meeting existing and emerging regulatory requirements locally and internationally.
Doug Caldwell, Chief Risk Officer, ING Asia Pacific
09:40
Asset Management: plotting new directions
  • Where next for financial markets and asset values?
  • How asset managers – traditional and alternative – have changed their risk management approaches since the financial crisis, including risk governance and taking an enterprise-wide approach.
  • Have clients changed their approaches and if so, how? 
  • The work of asset management/capital markets industry associations like the Hong Kong Investment Funds Association. 
  • How regulation is shaping investment firms’ attitude to risk, including recommendations from the Hong Kong government and regulatory authorities and the International Organisation of Securities Commissions (IOSCO)
Desmond Ng, Chairman, Hong Kong Investment Funds Association (HKIFA)

Sally Wong, Chief Executive Officer, Hong Kong Investment Funds Association (HKIFA)
10:00
Regulation: helping financial institutions to help themselves
  • What regulators are doing to encourage firms to improve their risk management strategies and practices – and increase their capital and liquidity cushions – to be better prepared for the next crisis and to promote global financial stability.
  • International regulatory initiatives from the Financial Stability Board, the Basel Committee (“Basel III”), the Senior Supervisors’ Group, the IASB and others.
  • Hong Kong’s regulatory initiatives.
  • Areas of focus: capital; liquidity; leverage ratio; addressing counter-cyclicality; macroprudential surveillance; stress testing and risk management.
Karen Kemp, Executive Director (Banking Policy), Hong Kong Monetary Authority
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, aand understanding the roles of the CRO and other senior risk 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:
Ben McLannahan, Asia Lex Writer, Financial Times

 Panellist:
Jonathan Cornish, Head, North Asia Banks, Fitch Ratings

John Foulley, Financial Services Strategy, SAS

William Pearson, Compliance Manager, Asia Pacific Compliance & Operational Risk, Wells Fargo
Raymond Poon, Head of Risk Management Asia, JP Morgan Asset Management
11:05
Concluding remarks

Alastair Sim, Senior Director, SAS
11:15
Networking refreshments



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