Agenda - London

Thursday 7th October, City Grange Hotel, London
 
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 British Bankers Association and other industry bodies.
  • External discipline: what international and national regulators – such as the Basel Committee on Banking Supervision, the Committee of European Banking Supervisors and the Financial Services Authority – 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

Harold Naus, Head of Corporate Market Risk Management, ING


09:20
Insurance: building more resilient institutions
  • Predicting the future. What emerging risks are out there, and how are insurance companies dealing with these risks?
  • ERM evolution. How are enterprise risk management practices evolving in insurance companies to cope with ever increasing internal and external demands?
  • ERM embedding. How can risk managament be embedded in the activities across the enterprise?
Justin Skinner, Head of Enterprise Risk Management, QBE European Operations

09:40
Asset Management: plotting new directions
  • Where next for financial markets and asset values?
  • How asset managers have improved their risk management since the financial crisis, including risk governance and taking an enterprise-wide approach.
  • The work of asset management industry associations, upcoming regulations and ICAAP: where to go next?
  • Key success factors for a sustainable asset management business.
Kai D. Leifert, Regional Chief Risk Officer, EMEA/APAC, Northern Trust Global Investments

10:00
Regulation: balancing capital requirements and enhanced supervision
  • What regulators – UK, Europe, globally – are doing to be better prepared for the next crisis and to promote global financial stability: capital requirements, increased market transparency, stronger corporate governance requirements, new requirements on remuneration, etc.
  • The challenge of mitigating systemic risk in an open and competitive global economy: international regulatory initiatives from the Financial Stability Board, the Basel Committee (“Basel III”), IOSCO, IAIS, the Joint Forum, the Senior Supervisors’ Group, the IASB and others.
  • The need for a holistic approach of “enhanced supervision”.
  • Dealing with firm failure – approaches to resolution and recovery through fast-track recapitalisation.

Peter Beales, Managing Director and Head of Policy, Association for Financial Markets in Europe


10:20
Panel Session: The rise and 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 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:
Michael Imeson, Contributing Editor, The Banker

Panellists:
Tomas Hazleton, Director of Risk Management-Europe, AllianceBernstein

Axel Lehmann, Chief Risk Officer, Zurich Financial Services Group

David Rogers, Risk Director, SAS

Bernd Rummel, Internal Governance, Committee of European Banking Supervisors (CEBS)

Robin Spencer, Chief Risk Officer, Aviva

11:05
Concluding remarks

Alastair Sim, Senior Director, SAS

11:15
Networking refreshments




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