8:00 Registration and breakfast | 8:50 Chair’s Opening Remarks

Moderated by: Varun Kumar Singh, Head – Corporate LendingUnion Bank of India UK


9:00 Managing changes to credit risk landscape as Covid-19 recovery continues

  • Managing capital structure and debt post Covid-19
  • Changing behaviors of consumers as a result of the pandemic
    • Retail shift to online
  • Erosion to capital earnings as a result of inflation
  • Improvements in vulnerable sectors of the economy with recovery
  • Pronounced default risk across sectors of the economy
  • Recovering from unprecedented economic shock
  • Impacts of future waves on credit availability and regulation
  • Managing heightened levels of credit deterioration
  • Driving economic growth to counteract reduction in government relief
  • Determining risk appetite in post covid environment

Jerome Henry, Principal Advisor, ECB
David Harrison, Head of Credit Risk UK, Société Generale


9:45 Validation in the context of pool rating models for low default portfolios

  • Pool Models – the overall idea
  • Validation at Pool Level
    • Enhanced validation options
    • Focus on Representativeness
    • Division of tasks in model validation
  • From another angle – Validation of Pool Rating Models at KfW IPEX
    • Incorporating pool validation results
    • Performing own validation
    • Collaboration with RSU
Dr. Vedrin Šahović, Director Credit Risk & ICAAP, KfW IPEX
Tobias Noll, Deputy head Marketing & Sales, RSU Rating Service Unit

10:20 Morning refreshment break and networking


10:50 Reviewing the global regulatory environment and responses to volatility

  • Managing cyclicality in models
  • Data expectations
    • Infrastructure limitations in Covid-19 to capture data
  • Changes to buy now pay later regulation
  • Affordability assessment requirements and complexity
    • Validating data without disrupting customer journey
    • Technology challenges to verify affordability
  • Evolving regulatory environment across Europe and UK

Germar Knochlein, Head of Division, ECB
Andreea PetreanuHead of Credit Risk Management, Mizuho
Frederico DinizHead of Organic Lending Impairment, Starling Bank


11:35 Adapting to a changing interest rate environment and managing risk as volatility continues

  • Addressing the increased volatility and uncertainty on over leveraged business’
  • Managing post-pandemic pressures on interest rates
  • Correlation between inflation and interest rates
  • How reviewing interest rates could impact economic growth

Cédric CavallierSenior Business Development ConsultantActiveViam

12:10 Lunch break and networking


1:10 Reviewing ESG and climate risk commitments and implementation requirements

  • Updating commercial strategy in line with ESG expectations
  • Sustainability and social responsibility of lenders to meet commitments
  • Identifying reliable data from a range of sources
  • Achieving net zero within financial services and measuring progress
  • Enhancing transparency on ESG ratings and measurement approaches
  • Benchmarking progress and demonstrating commitment
  • New asset classes and movement towards green investments

Andreea Petreanu, Head of Credit Risk Management, Mizuho


1:55 Driving change and updating strategy to align with industry ESG targets and commitments

  • Reporting and understanding carbon footprint
  • Evolving appetite to lend to certain sectors
    • Associated risks with continuing business with less ‘green’ sectors
  • Risk of credit bubble as leverage flows to certain sectors
  • Managing lending activities in line with consumption and demand
  • Reviewing the interplay between climate risk and credit
  • Understanding and utilizing trends on impact to credit risk
  • Stress test analysis on implications on climate risk
    •  Reviewing physical and transitional risks based on credit risk

David Glendinning, CRO UK, Société Generale

2:30 Afternoon refreshment break and networking


3:00 Reviewing the lessons learnt from transitions away from Libor and progress towards updating contracts

  • Lessons learnt from transition away from Libor
  • Managing use of SONIA and change to calculations
  • Moving towards backwards looking overnight rates
  • Reviewing changes in a post-Libor world
  • Systems and documentation challenges

Varun Kumar Singh, Head – Corporate LendingUnion Bank of India UK


3:35 Counterparty credit risk stress testing

  • Stress testing overview
  • Comparing regulatory stress tests
  • overview of the stress testing lifecycle
  • PRA case study
  • Challenges in stress testing

Rohan Kataria, Head of Traded Risk Stress Testing ExecutionHSBC

4:10 Chair’s closing remarks

4:20 End of Summit