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Tuesday 8th November 2011 - The Shilla Seoul, 202 Jangchung-dong 2-ga, Jung-gu, Seoul 100-856
| 08:00 |
Registration and breakfast
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| 08:55 |
Chairman's opening remarks
Andrew Wood, Contributing Editor, Financial Times Group |
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| 09:00 |
CRO perspectives: managing risk and relationships
- Current issues in risk, capital and liquidity management: national and international economic and financial sector developments; credit quality and loan losses; capital adequacy; availability of funding; internal and external stress testing; risk governance; managing risk in the digital age.
- The digital customer is empowered as never before: what special risks does this pose for financial firms, and how they be managed?
- The regulatory dimension: Latest on Basel III, the EU’s Capital Requirements Directive, Solvency II, and national regulations (implementation of Basel III/CRD, and national rules related to risk management), and the preparedness of banks.
- Achieving ERM across all risk categories (credit, market, operational and other risks), functions (finance, operations, technology etc) and business lines (retail, SME, wealth management, corporate, investment banking and capital markets, insurance, asset management etc).
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The CRO’s relationships with other “C-suite” members – group CEO, business line CEOs, CFO, CIO, CTO, COO, CMO – and the supervisory board.
Jong Oun Kim, Head of Risk Management Unit, Woori |
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| 09:20 |
Chief Actuary Insight
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The role of the Chief Actuary – new challenges.
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What are the key risks associated with the role, and how are they tackled?
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The importance of clear communication with other business lines
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Richard Wofford, Chief Actuary, Allianz Life Insurance |
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09:40
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CMO Perspectives: Digital marketing and reputational risk
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Strategic risk:
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How to manage leadership, governance, market environment changes from the branch level
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Management risk in matrix organization
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Marketing risk:
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Impact of SNS on marketing/communication risk management : The power of social media, and the benefits and pitfalls for financial institutions
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Managing the risks, especially to corporate reputations
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For foreign affiliates in Korea, what should be managed and how
Ashley Joo, Chief Administrative Officer & Head of Marketing Communications, Royal Bank of Scotland
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| 10:00 |
Panel session: Learning from other industries and sharing ERM best practices
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Enterprise risk management in other industries, in particular utilities, retailing and the public sector.
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Compare and contrast: similarities with, and differences from, financial services.
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What can we learn from other industries, and how can we exchange best practices?'
Moderator:
Andrew Wood, Contributing Editor, Financial Times Group
Panellist:
Simon Yoo, Group Chief Risk Officer, Meritz Financial Group
Jongkook Jung, CRO, KB Life
John Foulley, Practice Head, Risk Intelligence - Asia Pacific, SAS |
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10:35 |
The CEO interview: Leading by example
- The chief executive officer should have overall responsibility for developing and maintaining effective risk, liquidity and capital management principles and controls – how does he or she exercise that responsibility?
- Setting the risk appetite and limits.
- Working with others –the chief risk officer, the executive management, the various committees (eg risk committee, asset and liability committee) and the board of directors.
Richard Hill, Chief Executive Officer, Standard Chartered First Bank |
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| 11:05 |
Concluding remarks
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11:15
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Chairman’s summing up, end of briefing and refreshments |
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