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Main conference, Programme Day Two, 13th June 2013

8:00 Registration and breakfast

8:50 Welcome address: Alexander Campbell, Editor, OPERATIONAL RISK & REGULATION

9:00 SIGOR address: The Basel Committee's recent initiatives on operational risk

Mitsutoshi M. Adachi, Chair, SIG Operational Risk Subgroup, BASEL COMMITTEE, Director, Examination Planning and Review Division Financial Systems and Bank Examination Department, BANK OF JAPAN (ORR Innovation Awards 2012: Regulator of the year winner)

9:40 PANEL DISCUSSION: Operational risk in an ERM framework

  • Integrating operational risk within ERM
  • Identifying gaps in functionality
  • Identifying trouble spots where the framework is not working
  • The value of oprisk management within ERM

Stuart Mills, Director Group Operational Risk, RBS

Anders Nordlander, Chief Risk Officer, SWEDISH CENTRAL BANK

Richard Pike, Senior Market Manage, WOLTERS KLUWER

Shahab Syed, Senior Vice President, Head of Operational Risk, Credit & Risk Group, ABU DHABI COMMERCIAL BANK

10:30 Morning coffee break
 

Stream one:

Cutting edge approaches to oprisk measurement and modelling

Stream Two:

Good governance and risk oversight

11:00

Chairman's opening remarks: TBC

Chairman's opening remarks: Robert Huebner, Director, Deputy Global Head ORM, Head Portfolio Management & Governance, Head Strategic Projects, DEUTSCHE BANK

11:10

Presentation: Stressing business plans for Operational Risk and stressing Operational Risk for business plans and the economy

  • The 'correlations' between Operational Risk and economic cycle / market turbulence
  • Thechallenges of quantification of these correlations
  • Stressing expected & unexpected Operational Risk losses
  • The potential impacts on Operational Risk capital - is it proorcounter-cyclical?
  • Consideration of'Second order impacts' of Operational Risk on business plans

Michael Grimwade, Executive Director, Head of Operational Risk, Operational Risk Management, MITSUBISHI UFJ SECURITIES INTERNATIONAL

Alternative view: Risk management in a non-financial institution

Janice Piacente, Chief Compliance and Risk Officer, COCA-COLA

11:50

Presentation: Challenges and pitfalls in measuring operational risk

  • The regulatory challenge: what are banks asked to measure?
  • Idiosyncrasies of operational risk loss distributions
  • Pitfalls in common approaches to estimating regulatory capital
    • Extrapolating beyond the range of the data
    • Under-determination of models by data
    • Level playing field?
  • The need for quality data
  • A proposal for modesty

Giulio Mignola, Managing Director, Head of Operational Risk, INTESA SAN PAOLO

Presentation: Development of operational risk policy, guidelines and governance structure

  • Development of operational risk framework
  • Operational risk policy & guidelines
  • Implementing a governance structure
  • Framework components & challenges in implementation

Shahab Syed, Senior Vice President, Head of Operational Risk, Credit & Risk Group, ABU DHABI COMMERCIAL BANK

12:30 Lunch

13:30 Keynote address: Lewis O'Donald, Global Chief Risk Officer, NOMURA HOLDINGS

14:10

Presentation: Emerging risks in International Trade Finance

  • Growth in International Trade Finance
  • Emergence of new economies affecting global trade flows
  • Key risks in International Trade Finance
  • Techniques to navigate risks
  • Poor risk management a game changer for FIs
  • Vision for Intl. Trade Finance and risk management in 2023

Viqar Ali, Director Risk Management, EMEA Citi Transaction Services, CITI

Presentation: The value of scenario analysis post the Financial Crisis

  • Lessons and challenges from the Financial Crisis
  • The importance of scenario analysis from the regulatory standpoint
  • Informing and challenging senior management thinking
  • Identifying emerging risks and single points of failure

Stuart Mills, Director Group Operational Risk, RBS

14:50

Presentation: Usage and validation of scenarios in oprisk models

  • Scenarios as an input for OpRisk quantification in banks and insurances
  • Potential conflicts of definition/philosophy and quantitative assessment
  • Importance of quality checks and expert judgment rules
  • Scenario validation

Nico Janicke, Federal Financial Supervisory Authority, Department Cross-sectoral risk modelling, BAFIN

Presentation: Risk measures and their use for operational risks

  • Basel matrix, its limitation and the computation of the LDF
  • Alternatives for the LDF computing: expert opinions, extreme value approach, and dynamical modelling
  • The Risks Measures: ES, spectral and Distortion measures
  • Examples of capital charges and computations mixing several approaches for the LDF building and risks measures: comparison and analysis (univariate and multivariate framework). What is questionable?

Dominique Guégan, Professor in Applied Mathematics, Director of the Paris 1 Doctoral School of Economics, Head of the Financial Axis at the Center of Economic Sciences of the Sorbonne, UNIVERSITE PARIS 1 PANTHEON-SORBONNE

15:30 Afternoon coffee break

15:50 PANEL DISCUSSION: Progress in measuring the value of operational risk

  • Adding true value to the business
  • Methods of demonstrating value to the business
  • How to add value when under budget pressure
  • The short- versus long-term value of oprisk
  • Demonstrating value to the board
  • Efficiency management and operational risk inefficiencies

Moderator: TBC

Paul Doran, Executive Director, Head of Operational Risk Reporting and Analytics, MORGAN STANLEY

Robert Huebner, Director, Deputy Global Head ORM, Head Portfolio Management & Governance, Head Strategic Projects, DEUTSCHE BANK

Huw Howell, Global Head of Operational Risk Management, NOMURA INTERNATIONAL

16:30 PANEL DISCUSSION: The year ahead for operational risk

  • How the industry has changed
  • Current developments in operational risk
  • Priorities for operational risk and areas of focus for 2013
  • Top risks to watch out for this year

Charlie Beach, Head of IB ORC, UBS

Chris Rachlin, Global Risk, Head of Operational Risk & Internal Control, HTS & Global Functions, HSBC HOLDINGS PLC

John Wertheim, EMEA Head of Operational Risk, MORGAN STANLEY

17:20 Closing remarks: Alexander Campbell, Editor, OPERATIONAL RISK & REGULATION

17:30 End of the OpRisk Europe conference.

Programme Day One, 12th June 2013

 

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