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Tuesday 5th October, Principe di Savoia, Milan
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Registration and refreshments
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08:55
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Chairperson's opening remarks
Silvia Pavoni, Investment 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 and evolution of external discipline: what the banking sector is doing to put its own house in order, including implementing new regulations
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The benefits: better risk governance, greater integration of all risk activities, more accurate risk data and modelling, robust stress-testing and a reduction in excessive risk-taking.
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The drawbacks: higher capital and liquidity requirements will reduce lending capacity
Mauro Senati, Head of Risk Management, UBI Banca
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09:20
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Insurance: building more resilient institutions
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Predicting the future – the insurance, credit, market and operational risks that are in store for insurers.
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The extent to which risk management practices are being improved to cope with these risks, including advice from industry associations such as the European Insurance Federation (CEA) and Italy’s Associazione Nazionale fra le Imprese Assicuratrici (ANIA, the National Association of Insurance Companies).
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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 and national levels, including the European Union’s Solvency II directive which is intended to improve insurers’ risk and capital management.
Renzo Avesani, Chief Risk Officer, Unipol Gruppo Finanziario and Chairman, CRO Forum Italy
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09:40
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Asset Management: plotting new directions
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Where next for financial markets and asset values?
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How asset managers have improved their risk management since the financial crisis, including risk governance and taking and enterprise-wide approach.
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How the financial crisis has changed the way portfolio risk is managed
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The use of stress-testing techniques in asset management.
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What next for risk management
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Domenico Mignacca, Head of Risk Management, Eurizon Capital
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10:00
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Regulation: helping financial institutions to help themselves
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What regulators globally, in the Europe Union and in Italy are doing to encourage financial 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.
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Measures taken by CONSOB to strengthen risk management among distributors of retail investment products.
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Some specific areas of focus: suitability models used by distributors to ensure that the products they provide match investors’ risk profiles.
Giuseppe D'Agostino, Head of Intermediaries Division, Commissione Nazionale per le Società e la Borsa (CONSOB)
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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 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 improved risk governance, 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:
Silvia Pavoni, Investment Editor, The Banker
Panellists:
Liliana Cavatorta, Head of Risk Management, Gruppo Fondiaria-Sai
Andrea Romano, Head of Risk Management, CMB Banque Privée (Suisse)
Renzo Traversini, Director, Solution Business Development, SAS Italy
Giordano Villa, Chief Credit Officer, Deutsche Bank Italy
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| 11:05 |
Concluding remarks
Alastair Sim, Senior Director, SAS
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11:15
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Networking refreshments
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Presented By
In Association With
Media Partner
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