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Thursday 11th November 2010, The Imperial, Tokyo
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08:00 |
Registration and refreshments
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08:55
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Chairman's opening remarks
Michiyo Nakamoto, Deputy Bureau Chief, Tokyo, Financial Times
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| 09:00 |
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: 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 Japanese Bankers Association.
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External discipline: what international and national regulators – such as the Financial Stability Board, the Basel Committee on Banking Supervision and the Japanese authorities – are doing to oblige banks to strengthen their risk management frameworks.
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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 changes in pay and bonus policies to reduce excessive risk-taking.
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The drawbacks: higher capital and liquidity requirements will reduce lending capacity
David Benson, Senior Managing Director, Global Chief Risk Officer, Nomura Holdings |
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09:20
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Preparing for Basel III: the big picture
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The Basel Committee’s proposals for new global capital and liquidity rules, “Basel III” – Strengthening the Resilience of the Banking Sector and International Framework for Liquidity Risk Measurement, Standards and Monitoring.
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What’s good about the proposed new rules, and what concerns does the industry have about them?
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Next steps: publication of the final rules in November, with implementation phased in between now and 2018. Will there be an opportunity for the industry to suggest further changes?
Nobuaki Kurumatani, Managing Director, Sumitomo Mitsui Banking Corporation and Chairman, Planning Committee, Japanese Bankers Association
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09:40
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The practical implications of Basel III for risk management
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How effectively will Basel III strengthen the risk management of banks?
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Where will the ICAAP or firm-wide risk management be located in Basel III, which is inclined to increase the role of Pillar 1 and reduce the role of Pillar 2?
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The framework of macro-prudential policies (including regulation and supervision) will be enhanced, but the implementation of the framework is yet to be tested. Issues include how the introduction of this new framework will affect risk management in individual financial institutions how the authorities will sequence policy actions including regulatory and supervisory measures.
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The scope of banking business will be subject to new constraints. How should the risk management of banks be changed?
Takashi Oyama, Counsellor on Global Strategy to President and the Board of Directors, Norinchukin Bank Group and Member of the Steering Committee on Regulatory Capital, Institute of International Finance (IIF)
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10:00
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Insurance companies: 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.
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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.
Sigeyuki Goto, Associate Director and General Manager, Risk Management Department, MS&AD; Insurance Group Holdings
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10:25
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The role of the Chief Risk Officer
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What is Chief Risk Officer supposed to be
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Risk Culture of Commercial Bank
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Lessons learned from Japan’s financial crisis
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Code of conduct for the Chief Risk Officer
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Required stature
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Challenges
Masao Hasegawa, Director, Chief Risk Officer & Chief Compliance Officer, Mitsubishi UFJ Financial Group
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| 10:50 |
Taking a bottom-up approach to enterprise risk management
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Why ERM needs a bottom-up approach, and how to implement it.
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How to prioritise the development of ERM capabilities across risk types.
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How to progress to dynamic asset and liability management (ALM).
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Risk analytics: is there still a place for models?
John Foulley, Financial Services Strategy, SAS
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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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