DAY ONE: Wednesday 30 June 2010

Day One- Stream 1 | Day One - Stream 2

8.15 Registration and refreshments

8:50 Editor’s opening address: Victoria Tozer-Pennington, Editor, OPERATIONAL RISK & REGULATION

9.00 Keynote speaker: The Operational risk framework after the financial crisis: old problems, new challenges

José María Roldán, Director General Banking Regulation, BANK OF SPAIN and Chairman of the Standards Implementation Group, BASEL COMMITTEE

Presented by
María Angeles Nieto, Credit and Operational Risk Management Models Division, BANCO DE ESPAÑA

9.40 Regulatory Panel: Implications for operational risk managers of enhancements to Basel II

• Update on the ongoing changes to risk regulation
• Key unresolved problems and challenges for operational risk managers
• Basel II – where to from here?
• How will the regulatory community take forward the BIS range of practices paper?

Moderator: Patrik Buchmüller, Operational Risk Manager, Group Risk Control, BAYERISCHE LANDESBANK
Andrew Sheen, Manager, Operational Risk Policy Team, UK FINANCIAL SERVICES AUTHORITY
Marcus Haas, Banking and Financial Supervision, DEUTSCHE BUNDESBANK
Bernd Rummel, CEBS Secretary, CEBS SECRETARIAT
Christopher Lotz, Head of Section, BAFIN

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Day One : Stream 1

	NEW DEVELOPMENTS IN OPERATIONAL RISK REGULATION	QUALITATIVE OPERATIONAL RISK MANAGEMENT TECHNIQUES
11:00	Chairman's opening remarks Victoria Tozer-Pennington, Editor, OPERATIONAL RISK & REGULATION	Chairman’s Opening Remarks David Benyon, Staff Writer, OPERATIONAL RISK & REGULATION
11:10	Presentation: Can insurance and derivatives mitigate operational risk? Is this only relevant for AMA firms? Making it work The advantages and disadvantages What do the regulators think Andrew Sheen, Manager, Operational Risk Policy Team, FINANCIAL SERVICES AUTHORITY (UK FSA)	Presentation: Risk and Control Self Assessment (RCSA) - How do you know what you don't know? What does an effective RCSA process look like? Creating the business benefit and accountability Integrating RCSAs, Key Risk Indicators and scenario analysis The link with Board Risk Appetite Lisa White, Head of Operational Risk, NATIONWIDE

11:50 Presentation: The view from across the pond - conclusions from recent loss data collection exercise

• LDCE and range of practice results and follow-up
• New developments in this area: statistics and best practices
• Comparison of the implementation approaches

Mark O'Dell, Deputy Comptroller for Operational Risk, COMPTROLLER OF THE CURRENCY (OCC)
Andrew Sheen, Manager, Operational Risk Policy Team, UK FINANCIAL SERVICES AUTHORITY

12:30 Lunch with the opportunity to network and visit the exhibition

13:30 Presentation: Operational risk, changes within the regulatory framework and the interlink to internal governance

• Relevant CRD changes and new CEBS guidelines on operational risk
• Future regulatory developments in the area of operational risk
  How internal governance may benefit from operational risk management

Bernd Rummel, CEBS Secretary, CEBS SECRETARIAT

14:10 Presentation: Improving risk governance throughout the organization

• New range of risk and emerging operational risk managers culture
• How has the culture perception and role of operational risk managers changes
• Opportunities created by the crisis
• Has it became easier to communicate with top management

Robert Huebner, Deputy Global Head Operational Risk Management, DEUTSCHE BANK

14:50 Presentation: Calibration and validation of Business Environment and Internal Control Factors (BEICF)

• Identification and quantification of BEICF
• Using BEICF for risk comparison, aggregation and allocation
• Determining weights of BEICF and their impact on capital
• Validation of BEICF

Christopher Lotz, Head of Section, BAFIN

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15:30 Afternoon refreshments with the opportunity to network and visit the exhibition

15.50 Panel discussion: Demonstrating to line and senior management the value-added benefits of operational risk management

• Ensuring meaningful and clear reporting to the CEO
• Single, integrated and comprehensive reporting
• What information do senior managers need from their operational risk department?
• Outlining the business value and return on investment from operational risk management
• How can operational risk practices change the way a company operates i.e. how do we add value?

Moderator: Andreas Merbecks, Managing Director, Group Operational Risk, UBS
Cathy Hampson, Executive Director, Operational Risk, MORGAN STANLEY
Nigel Milbank, Director of Enterprise & Operational Risk, SANTANDER UK
Robert Huebner, Deputy Global Head Operational Risk Management, DEUTSCHE BANK

16.40 Panel discussion: New perspectives on enterprise wide risk management

• Developing a holistic approach in capturing, quantifying and communicating all risks throughout the enterprise
• Creating an enterprise wide operational risk approach that reduces costs whilst improving efficiency
• Building an effective action tracking program (IAT)
• Overcoming the internal political, structural, technical and IT barriers to ERM

Moderator: Victoria Tozer-Pennington, Editor, OPERATIONAL RISK & REGULATION
John Whittaker, Group Operational Risk Director, BARCLAYS CAPITAL
Jonathan Howitt, Head of Operational Risk, MAN GROUP
Lisa White, Head of Operational Risk, NATIONWIDE

17.30 Cocktail reception

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