Day 2
DAY TWO: Thursday 22 April 2010
Day Two- Stream 1 | Day Two- Stream 2
8.30 Registration and Coffee
8.50 Editor’s opening address
9.00 Keynote address
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
Sergio Scandizzo, Head of Operational Risk, EUROPEAN
INVESTMENT BANK
John Wertheim, EMEA Regional Head of Operational Risk,
CITIGROUP GLOBAL MARKETS LTD
Lars Hansén, Chief Risk Officer, SEB LIFE
Further speakers to be confirmed
10.30 Morning coffee and networking break
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Day Two: Stream 1
QUALITATIVE VS. QUANTITATIVE APPROACHES TO OPERATIONAL RISK
11.00 Chairman’s Opening Remarks
11.10 Panel discussion: 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
Davide Bazzarello, Group Head of Operational and
Reputational Risk, Group Risk Management, UNICREDIT S.P.A.
Sergio Scandizzo, Head of Operational Risk, EUROPEAN INVESTMENT
BANK
Andreas Jobst, Economist, Monetary and Capital Markets
Department, INTERNATIONAL MONETARY FUND
Ian Morton, Quantitative Manager, SANTANDER
12.00 Presentation: Guest speaker: Parallels of risk management between the financial and engineering sectors
- Explore the universal application of risk management philosophy, processes and tools to business and finance
- Discussion of NASA’s new risk management techniques to manage operational risk on the development and operations of the new Space Shuttle replacement spacecraft, called Orion
- Linking together various key risk facets and drivers to minimize vulnerability
- Key lessons learnt from risk management implementation
Jeevan Perera, Technical Manager, Orion Spacecraft Office, NASA JOHNSON SPACE CENTER
12.40 Lunch and an opportunity to visit the exhibition
13.40 Presentation: Basel II Pillar 3 – implementing a coherent disclosure and communication strategy for operational risk
- New public disclosure requirements
- Steps to improve market reporting
- Establishing appropriate internal controls on disclosure
- Validation process requirements
Speaker to be confirmed
14:20 Presentation: 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
Day Two: Stream 2
NEW THREATS AND OPPORTUNITIES FOR OPERATIONAL RISK
11.00 Chairman’s Opening Remarks
11.10Panel 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
Patricia Plas, Senior Vice President, Public Policy &
Regulatory Affairs, AEGON N.V.
Laurent Voignac, Head of the Department of Economic and Market
Studies, FRENCH SUPERVISORY AUTHORITY, and SCR subgroup leader, CEIOPS FINANCIAL
REQUIREMENTS EXPERT GROUP
Sophie Lloret, Policy Advisor, Financial Regulation and
Taxation, THE ASSOCIATION OF BRITISH INSURERS (ABI)
12.00 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)
12.40 Lunch and an opportunity to visit the exhibition
13.40 Presentation: Internal model approval - a regulatory viewpoint
- Statistical quality standards
- Use test
- Model governance
- Documentation and data requirements
- The role of external models
Mohamed Lechkar, Project leader Solvency II Internal Model Approval, DE NEDERLANDSCHE BANK /DUTCH CENTRAL BANK
14.20 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
Speaker to be confirmed
15.00 Afternoon refreshments with the opportunity to network and visit the exhibition
15:20 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
Ralph Nash, Operational Risk and Financial Crime Director,
BARCLAYS COMMERCIAL BANK
Andrew Gascoyne, Chief Risk Officer, ALLIANZ INSURANCE
Claudia Pasquini, Secretary General, ITALIAN OPERATIONAL RISK
DATA CONSORTIUM
Simon Wills, Executive Director, OPERATIONAL RISKDATA EXCHANGE
ASSOCIATION (ORX)
16:10 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
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
Further speakers to be confirmed
17:10 End of conference
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