Day 2

DAY TWO: Thursday 1 July 2010

8.15 Registration and Coffee

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

9.00 Keynote address: The CRO lens on operational risk

Alden Toevs, Group Chief Risk Officer, THE COMMONWEALTH BANK OF AUSTRALIA

9:40 Panel Discussion: Lessons for operational risk managers from recent extreme market conditions

Operational risk management deficiencies exposed by recent market events
How are firms changing their risk programs in response?
How have the priorities of operational risk managers changed?
Practical steps to prepare your firm for the next market crisis

Moderator: Victoria Tozer-Pennington, Editor, OPERATIONAL RISK & REGULATION
Lars Hansén, Chief Risk Officer, SEB LIFE
Alden Toevs, Group Chief Risk Officer, THE COMMONWEALTH BANK OF AUSTRALIA
Gaelle De Sola, Head of Operational Risk, THREADNEEDLE ASSET MANAGEMENT

10.40 Morning coffee and networking break

back to top

Stream One
QUALITATIVE VS. QUANTITATIVE APPROACHES TO OPERATIONAL RISK

Stream two
NEW THREATS AND OPPORTUNITIES FOR OPERATIONAL RISK

11:10

Chairman’s opening remarks

Victoria Tozer-Pennington, Editor, OPERATIONAL RISK & REGULATION

Chairman’s opening remarks
Richard Pike, Chief Product Strategist, ARC LOGICS

11:20

Panel discussion: Getting the balance right between qualitative and quantitative operational risk modelling techniques

Re-evaluating current models
Can operational risk really be modelled?
Incorporating qualitative risk management techniques
The role of judgment in AMA models and the delicate balance between the former and the quantitative approaches
The balance between internal and external data versus scenarios and BEICF

Moderator: Andreas Jobst, Economist, Monetary and Capital Markets Department, INTERNATIONAL MONETARY FUND
Bert Crielaard, Head Cross Divisional Operational Risks and Insurance, UNICREDIT S.P.A.
Tomas Hazleton, SVP & Director of Risk Management, ALLIANCE BERNSTEIN LIMITED
Samuel Lee, Head of Operational Risk Management, Capital Markets, Europe, ROYAL BANK OF CANADA

Panel discussion: Progress towards Solvency II implementation by European insurance companies

What does CEIOPS' final advice look like?
How can the insurance industry plan for the introduction of Solvency II?
What do insurers need to be doing?
- Preparation for Pillar I capital requirements / QIS5 (Autumn 2010)
- Preparation Pillar II / ORSA requirements
Internal Model Approval Process: update on the pre-application process for internal models

Moderator: David Benyon, Staff Writer, OPERATIONAL RISK & REGULATION
Alan Joynes, Director, Regulatory Affairs, SWISS RE
Laurent Voignac, Head of the Department of Economic and Market Studies, FRENCH SUPERVISORY AUTHORITY, and SCR subgroup leader, CEIOPS FINANCIAL REQUIREMENTS EXPERT GROUP
Richard Pike, Chief Product Strategist, ARC LOGICS

12.10 Presentation: Linking operational risk management to performance

How can a firm use scenarios to connect risk management to business strategy
An integrated scorecard for risk and performance
The ROI: Time to decision

Richard Pike, Chief Product Strategist, ARC LOGICS

12.50 Lunch and an opportunity to visit the exhibition

13:50 Plenary: Risk Governance - time for a revolution?

Current risk governance frameworks
Benefits and problems
Some radical thoughts.....

Steve Miller, Head of Risk Oversight, BANK OF ENGLAND

14:30 Presentation: New insights in forecasting
tail events

Capturing tail risks beyond VaR
Measuring of joint tail risks
Dealing with higher moments

Andreas Jobst, Economist, Monetary and Capital Markets Department, INTERNATIONAL MONETARY FUND

15.10 Afternoon refreshments with the opportunity to network and visit the exhibition

15:30 Panel discussion: How can we improve the use and effectiveness of loss data?

Moving beyond the regulatory requirements – opportunities to better link LDC to financial records
A joined up escalation and LDC process
Capturing important risks that are outside the definition of capital?
Landing LDC in the business. Data quality vs. embedding?
The role of data consortia in leading industry wide efforts to improve data quality and availability
Appropriate uses of loss data and its limitations

Moderator: Robert Huebner, Deputy Global Head Operational Risk Management, DEUTSCHE BANK
Ralph Nash, Operational Risk and Financial Crime Director, BARCLAYS CORPORATE
Andrew Gascoyne, Chief Risk Officer, ALLIANZ INSURANCE
Claudia Pasquini, Secretary General, ITALIAN OPERATIONAL RISK DATA CONSORTIUM
Mark Laycock, Executive Director, OPERATIONAL RISKDATA EXCHANGE ASSOCIATION (ORX)

16:20 Panel discussion: Operational risk challenges for 2010 and beyond

What are the emerging risks facing the industry?
How should the industry address the deficiencies in operational risk management exposed during the financial crisis?
The operational risk manager’s role in protecting their firm against future global pandemics
Identifying key priorities for operational risk managers

Moderator: Victoria Tozer-Pennington, Editor, OPERATIONAL RISK & REGULATION

Christine Estager, Managing Director, Global Head of Operational Risk Management, NEWEDGE GROUP
Robert Huebner, Deputy Global Head Operational Risk Management, DEUTSCHE BANK
Günther Helbok, Head of Operational Risk & Risk Integration, BANK AUSTRIA – MEMBER OF UNICREDIT GROUP
Samuel Lee, Head of Operational Risk Management, Capital Markets, Europe, ROYAL BANK OF CANADA

17:10 End of conference