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Thursday 10th November 2011 - The Peninsula Tokyo, 1-8-1 Yurakucho, Chiyoda-ku, Tokyo, 100-0006
| 08:00 |
Registration and breakfast
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| 08:55 |
Chairman's opening remarks
Ben McLannahan, Lex Writer, Financial Times, Tokyo
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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.
Takatoshi Wakabayashi, Chief Risk Officer, Daiwa Securities |
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| 09:20 |
CFO agenda: the convergence of risk and finance
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How the risk and finance functions in financial services organisations have been converging, driven by regulatory imperatives, changing business and operating models, and the risk management department’s desire for a more cross-functional/enterprise-wide approach.
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The main areas of convergence, and the natural limits.
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Greater co-operation can also create tensions – how should those tensions be managed?
Junko Nakagawa, Chief Financial Officer, Nomura |
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09:40
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CMO perspectives: digital marketing and reputational risk
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Balancing the risk and rewards of digital marketing.
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How ERM benefits marketing in defining a single view of the customer.
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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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The role of predictive analytics in tracking and managing the threats.
Caleb Hunt, Chief Marketing Officer, Citi |
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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?
Panellists:
Peter Izumi, Chief Risk Officer, Zurich Insurance
Savuth Kong, Chief Risk Officer, BNP Paribas
Aaron Schlafly, Chief Risk Officer, ING Life Insurance
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.
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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.
Interviewer:
Ben McLannahan, Lex Writer, Financial Times, Tokyo
Interviewee:
Ernie Olsen, Country Executive, Head of Global Banking and Markets, Royal Bank of Scotland |
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| 11:05 |
Concluding remarks
Alastair Sim, Senior Director, SAS |
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11:15
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Chairman’s summing up, end of briefing and refreshments
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