11th Annual Risk EMEA Summit 2022
Day One | June 13, 2022
London

8:00 Registration and breakfast | 8:50 Chair’s opening remarks

 

REGULATION

9:00 Assessing how the regulatory agenda is transforming banking

Session details 

  • The future of regulation and impact to business
  • Disparities across jurisdictions
  • Unwinding of quantitative easing
  • Coordination risk across regulatory proposals
  • Regulatory expectations to manage risk
  • Assessing regulation-based risk
  • Reviewing how institutions can be more active with regulators
  • Ensuring harmonization of regulation
  • Effectively managing the continued volume of regulation

 

BUSINESS STRATEGY – PANEL

9:30 Adapting business strategy within a changing environment

Session details 

  • Adjusting to a post Covid-19 environment
  • Adopting digital strategies
  • Impact of inflationary pressures on strategy and business approach
  • Keeping ahead of changing consumer behavior
  • Aligning global business models
  • Manage different dimensions of risk in uncertain times
  • Retaining employee talent in a changing environment
  • Transforming business models to maintain and increase profitability

Ebbe Negenman, Group Chief Risk Officer and Member of the Executive Board, Knab
Fabrice Brossart, Chief Risk Officer, General Insurance and International, AIG

 

MARKET EVENTS

10:10 Reviewing preparedness for past market events and how to anticipate future events

Session details 

  • Covid-19 response
  • Changing market signals increasing volatility
  • Brexit 2 years on
  • Lessons learnt from large scale and global events
  • Developing agility to stay ahead of events
  • Managing changing politicized environment
  • Exacerbation of political unrest post Brexit

David Glendinning, Chief Risk Officer and Head of Risk UK, Société Générale

10:40 Morning refreshment break and networking

Future of Risk Management

 

OPEN BANKING 

11:10 Reviewing the future of open banking regulations and leveraging opportunities whilst balancing security

Session details 

  • Robustness of cyber security and attacks
  • Understanding how to manage data
  • Effectively using open bank to improve customer experience
  • Ensuring open banking data is correctly managed
  • Ensure correct tools are used to manage open banking

 

AI & MACHINE LEARNING – PANEL DISCUSSION

11:50 Developing analytical capabilities to leverage AI and machine learning across functions

Session details 

  • EBA guidelines for machine learning
  • Legacy limitations in larger institutions
  • Managing adoption of new models
  • Eliminating bias from machine learning models and data sets
  • Managing discrimination in credit decisioning
  • Effectively implementing AI models in a robust way
  • Meeting machine learning model requirements

Nicolae Mera, Head of EMEA Market Risk Analytics, Morgan Stanley
Stuart Burns, Head of Model Development and Validation, Former Bank of England (TBC)

Non-Financial Risk

 

CYBER RISK

11:10 Managing increased complexity and loss potential of cyber attacks

Session details 

  • Cooperation between regulators and financial institutions
  • Quantifying of cyber and IT risks
  • Building sophisticated defenses
  • Disaster recovery processes
  • Looking at cyber risk from a company wide holistic view
  • Collaborating as an industry to combat cyber threats

Jayaraj Puthanveedu, Managing Director – Cyber & Technology Risk/Group Operational Risk Management, BNP Paribas

 

RANSOMWARE – PANEL DISCUSSION

11:50 Managing the constant threat of ransomware and response approaches

Session details 

  • Assessing the cause of increased ransomware attacks
  • Evolving methodology to manage and identify ransomware risks
  • Managing the threat ransomware can have on third party suppliers
  • Importance of protecting valuable data from ransomware attacks

Fabrice Brossart, Chief Risk Officer, General Insurance and International, AIG
Vikas Munshi, Enterprise Security Architect, ING

Financial Risk

 

MARKET RISK

11:10 Managing market risk in a world with breaking cross-asset correlations

Session details coming soon

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Swati Bansal, Global Head, Market Risk for Credit Business, Goldman Sachs

 MACRO ECONOMIC VIEW – PANEL DISCUSSION

11:50 Managing risk in a volatile and uncertain environment post pandemic

Session details 

  • Managing risk in a rising interest rate environment
  • Changes to spending power and economic development
  • Impact of increased energy prices on markets
  • Understanding probabilities of default and changes to customer behavior
  • Anticipating changes to monetary policy

Jeremy Arnold, Chief Risk Officer, NatWest Markets
Amit Kalyanaraman, Head of CS AG Liquidity Risk, Credit Suisse
Jerome Henry, Principal Advisor, ECB

12:35 Lunch break and networking

 

TECHNOLOGY

1:35 Using and integrating new technology into risk processes and managing implementation risk

Session details 

  • Complexities of bringing new technology into large organizations
  • Data limitations as technology continues to evolve
  • Use cases for Blockchain in risk management
  • Automating processes to reduce operational risk
  • Digitization of customer journey
  • Transition risks on risk and finance teams

Amit Lakhani, Global Head of IT Risks, Third Party Risks and Fraud Management Risk, CIB, BNP Paribas

 

DIGITAL RISK AND CONTROL

2:15 Risk and control in the digital age: what future is possible?

Session details 

  • A brief review of the impact of the tech revolution on the economic and financial system
  • Looking back from a likely future: a top-down, conceptual, systemic design approach
  • Risk future: what specifications and necessary conditions for staying in control in the digital age?
  • A systemic vision and model to guide us to effective strategies and feasible next steps

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Francis Gross, Senior Adviser, European Central Bank

 

DIGITAL TRANSFORMATION – PANEL DISCUSSION

2:55 Leveraging IT transformation to modernize the industry and enhance financial services

Session details 

  • Evolving business models for long term sustainability
  • Aligning with customer experience
  • Updating product offerings to keep ahead of expectations
  • Increased security requirements for clients data
  • Developing risk skills to manage increased digitalization

Anshu Khanna, Managing Director, Head of Risk Controls, Barclays
Libor Krkoska, Deputy Director, Country Strategy, European Bank for Reconstruction and Development
Stephane Malrait, Head of Market Structure and Innovation, ING Bank NV

 

CLIMATE RISK

1:35 Embedding climate risk into strategy and risk management policy

Session details 

  • Aligning with risk appetite
  • Global approaches and expectations
  • Developing models to interpret climate data
  • Assessing actions made in light of COP 26 commitments
  • Managing and reporting on scope one, two and three
  • Effectively assessing climate risk appetite

Nicola Crawford, Chief Risk Officer, National Bank of Kuwait

 

PEOPLE RISK

2:15 Why people risk has become a top risk for most firms and how to respond!

Session details 

  • What are the people risk trends
  • How are organisations responding
  • Is D&I a key risk or opportunity
  • Has the model changed forever
  • What do our works colleagues really want now

Gary Savill, Head of Enterprise Risk, SAGA

 

FRAUD – PANEL DISCUSSION

2:55 Managing increase in number of fraud losses and impact of the pandemic driving business online

Session details 

  • Code of conduct to pay for fraud losses
  • Managing the indirect impact Covid-19 has had on Fraud
  • Mitigating the risk of ever-increasing fraud in a new digital world
  • Managing an increase in phishing attacks
  • Monitoring how working from home has increased fraudulent activities

John Keogan, Head, Fraud Risk – Internal Fraud Prevention, Standard Chartered Bank
Ionela Emmett , Head of Fraud & AML Investigations Manager, Compliance Group, Commerzbank AG
Nicholas Clark, Head of Data Science, Card & Payment Fraud Prevention, Danske Bank

 

ESG PRICING

1:35 Developing models to advance pricing of ESG products with limited market data

Session details 

  • Defining target and scope
  • Accounting for assets under different accounting regimes
  • De-incentivizing financing products not supportive of climate change
  • The importance for firms to effectively price ESG products
  • Integrating ESG scores into pricing

 

CREDIT RISK AND CAPITAL MANAGEMENT

2:15 Inter-institutional transfer of risk to support banks and other credit institutions: Mitigating market deficiencies and regulatory constraints

Session details 

  • Enhanced international financial framework: public sector support to the economy through commercial banks via risk sharing between banks and policy-driven financial institutions (Multilateral Development Banks, MDBs)
  • Helping banks overcome regulatory constraints such as high capitalization of certain exposures and/or market gaps caused by presence of asymmetric information between borrowers and lenders
  • Ways for capital relief and transfer of financial loss for banks

Denitsa Berkhoff, Head of Strategic and Market Risk Management, European Investment Fund, part of the European Investment Bank Group

 

CLIMATE STRESS TEST – PANEL DISCUSSION

2:55 Understanding impact of inclusion of climate risk in internal and external stress tests

Session details 

  • Managing data challenges
  • Modeling long term risks
  • Inclusion of climate risks within capital framework
  • Scenario analysis on climate risks
  • Banking requirements to incorporate climate risk into internal stress tests
  • Incorporating stress testing results into risk appetite frameworks
  • Leveraging various data channels when conducting stress tests
  • Reviewing results of biannual exploratory scenario

Vincent Noinville, Chief Risk Officer, Tandem Money Ltd
Ashish Bansal, Head of Finance and Regulatory Reporting, Union Bank of India (UK) Ltd
Doug Baird, Head of Climate Risk Analytics and Pension Risk, NatWest Markets
Ying Poikonen, Executive Director – Head of Modelling Group EMEA Region, Sumitomo Mitsu Banking Corporation

3:40 Afternoon refreshment break and networking

 

CLOUD

4:10 Managing move to cloud based architecture and determining transition level across data sets

Session details 

  • Managing global disparities in regulatory view
  • Aligning expectations across jurisdictions
  • Implementation for back office and central functions
  • Concentration risks if cloud service provider goes down
  • Managing security risks when using cloud technology

 

CREDIT PROCESSING

4:50 Incorporating ESG considerations into credit processing

Session details 

  • Identifying credible transition plans
  • Assessing ESG status of clients
  • Defining minimum transaction and information requirements
  • Validating submissions to mitigate greenwashing
  • Impact of requirements to funding

Isabelle Young, ESG Credit Director, Lloyds Banking Group 

 

ESG

4:10 Reviewing scope of ESG and understanding what an effective framework looks like

Session details 

  • Understanding what to report and how
  • Reviewing scope of regulation
  • The road to net zero
  • Managing transitory risks
  • Modeling and data requirements
  • Understanding new metrics
  • Managing ambiguity around net zero and expectations

Sophie Dupre-Echeverria, Chief Risk and Compliance Officer, GIB Asset Management

 

REPUTATION RISK

4:50 Managing reputation risk in a volatile and increasingly online environment

Session details 

  • Reputation risks within ESG
  • Managing reputation as public opinion evolves
  • Impact of geopolitical tensions and operating in certain regions
  • Social media risks

Yulia Chugueva, Head of Operational Risk, Banca Intesa

 

INTEREST RATES

4:10 Adapting to a changing interest rate environment and managing risk as volatility continues

Session details 

  • 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

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CREDIT RISK

4:50 Managing credit risk pressures as a result of market turbulence and future outlook

Session details 

  • Developing standardized processes
  • Managing increase in overleveraged companies
  • Managing credit risk pressures caused by increased interest rates
  • Addressing credit weaknesses as a result of pandemic government support
  • Managing the risk to a bank caused by Non-Performing Loans
  • Leveraging stress tests to effectively anticipate emerging credit risks

5:30 Chair’s closing remarks | 5:40 End of day 1 and networking drinks reception

11th Annual Risk EMEA Summit 2022
Day Two | June 14, 2022
London

8:00 Registration and breakfast | 8:50 Chair’s opening remarks

 

EMERGING RISKS – PANEL DISCUSSION

9:00 Monitoring emerging risks on the horizon and developing effective mitigation strategies

Session details 

  • Managing geopolitical instability
  • Impact of changes to sanctions landscape
  • Use of economic warfare and impact to geopolitical tensions
  • Cyber as an emerging war threat
  • Managing business relationships between different jurisdictions
  • The use of economic sanctions to restrict funding to a jurisdiction

Jeff Simmons, Chief Risk Officer, MUFG Securities (Europe) N.V.
Cecilia Gejke, Chief Risk Officer, East-West United Bank S.A
Mark Chaplin, UK Life Chief Risk Officer, Aviva Plc

 

RESILIENCE

9:40 Fit for the future: How resilient is your bank?

Session details 

  • Exploring banking resiliency in the face of the pandemic
  • Building flexible and agile processes to better adapt and respond
  • Grasping opportunities offered by Technology
  • Re-focusing the business model to drive sustainable performance and achieve better customer outcomes

Hanna Sarraf, Chief Risk Officer, Starling International

10:10 Morning refreshment break and networking

Future of Risk Management

 

DATA GOVERNANCE

10:40 Developing strong governance techniques for effective data management

Session details 

  • Managing stakeholders and control requirements
  • Developing strong governance and operating models
  • Simplification of infrastructure
  • Sustainability through multiyear simplification and change programs
  • Reviewing the impact of Covid-19 data

Lena Young, Head of EMEA Treasury and Liquidity Risk, Credit Suisse

 

MODEL RISK

11:20 Meeting increasing model requirements as technology continues to evolve

Session details 

  • Challenges using Covid data in models
  • Managing operational risk of models
  • Ensuring model alignment across jurisdictions in a global bank
  • Credibility of older models in the everchanging environment
  • Maintaining the building of effective models whilst working from home


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Catarina Souza, Senior Expert Model Risk Management, ING

 

ESG – PANEL DISCUSSION

12:00 Reviewing future business models to meet ESG requirements and customer demands

Session details 

  • Overcoming a lack of market data for ESG
  • How should the boards approach reporting on ESG?
  • Reputational risk associated with a business’s activities
  • Integrating an ESG risk appetite into processes
  • Effectively managing carbon reduction on a bank’s balance sheet
  • Implementing a commercial strategy around ESG

Jean Meyer, Chief Risk Officer, BNP Paribas
Maciej Lewandowski, Head of Risk Poland, NatWest
Anita McBain, Managing Director, Head of ESG Research, EMEA, Citi

Non-Financial Risk

 

OPERATIONAL RESILIENCE

10:40 Building resilience into operating model and ensuring compliance with policy

Session details 

  • Managing data pools and designing systems
  • Simplifying infrastructure to identify vulnerabilities
  • Changes to operational risk scenarios in the face of the pandemic
  • Divergence across jurisdictions
  • Approaches to third parties

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VENDOR RISK

11:20 Managing heightened risk with increased reliance on third parties and new variable with work from home

Session details 

  • Managing concentration risks to limited vendors
  • Identifying and mitigating risks
  • Ensuring robust risk assessments
  • Requirements to manage vendor risks
  • Developing exit and business continuity plans

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Anita Barber, Head of Third Party Management Services, HSBC

 

COVID-19 – PANEL DISCUSSION

12:00 Lessons learnt from operational risk response to the global pandemic and advancing resilience

Session details 

  • Implementation of business continuity plans
  • Provision of critical functions to maintain operations
  • Adapting to changes in consumer behavior as a result of Covid
  • The role of operational risk in a post Covid environment
  • Identifying and updating strategy in light of Covid-19

Sean Titley, Director of Enterprise and Operational Risk, Metro Bank
Juergen Wienes, Member of the Managing Board, Airbus Bank GmbH
Sucharita Banerjee Lodha, Head of Operational Risk and Governance, International GI, AIG

Financial Risk

 

STRESS TESTING

10:40 Leveraging stress testing as a tool for future projections and business direction (case for trading shifts)

Session details 

  • Enhancing models, methodologies and expertise
  • Incorporating regulatory and business drivers into stress testing
  • Sensitivity measures for business strategies and market reactions
  • Incorporating into risk appetite framework
  • Enhanced scenario shocks modelling (granularity, methodologies and plausibility)

Sunil Verma,  Head of Market Risk Stress Testing Methodology, UBS

 

LIQUIDITY RISK

11:20 Reviewing the liquidity risk landscape and impact of the pandemic on reserves

Session details 

  • How computer trading increases the risk of liquidity black holes
  • How quantitative easing has made it more difficult to introduce liquidity to the market
  • Liquidity implications caused by adjustments to financial asset prices
  • Long term liquidity risks caused by price adjustments
  • Managing the impact CRR2 regulation has on liquidity

Suresh Sankaran, Head of Model Risk, Validation & Governance, Metro Bank

 

IRRBB – PANEL DISCUSSION

12:00 Managing the impact of interest rate risk in the banking book and regulatory requirements

Session details 

  • Requirements on credit spread risk in the banking book
  • Managing the impact of interest rate risk on the banking book
  • Maneuvering the interest rate in the banking book regulatory environment
  • Evolution of interest rate in the banking book

Zoltan Bendiner, Head of Financial Risk, Atom Bank (TBC)

12:45 Lunch break and networking

 

NET ZERO

1:45 Setting a net zero trajectory for the oil, gas and coal sector

Session details 

  • Choosing an appropriate Net Zero pathway
  • Determining financed emissions in a transparent manner
  • Engaging internal stakeholders in a collective journey

Gianluca Cantalupi, Global Head of Reputational, Sustainability and Climate Risk, Credit Suisse (TBC)

 

CBDC – PANEL DISCUSSION

2:25 Understanding future of central bank digital currency uses and preparing for change

Session details 

  • Maintaining balance sheet and deposit inflows
  • Adapting operational models
  • Maintaining customers through digital products
  • Alternative ways of structuring balance sheet
  • Transition capacities of central bank money
  • Managing and limiting volatility in pricing

Katey Neate, Chief Risk Officer Asset Servicing and Digital, BNY Mellon
Farooq Gulzar, UK AM Chief Risk Officer, UBS
Mehregan Ameri, Central Bank Digital Currency – Senior Specialist, Bank of England
Aleksi Grym, Head of Digitalisation, Bank of Finland

 

MODEL RISK

1:45 Models and crisis: Appropriate actions and reactions

Session details 

  • Reviewing the impact a crisis has on existing models
  • Managing the various model risk reactions during a crisis
  • Creating an effective model risk framework based on previous crisis’
  • Approaches to detect, mitigate and repair the model risk that is caused by a crisis
  • Application to crisis including COVID-19 pandemic consequences
  • From White to Black Swans and beyond, categorization of changes

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Gilles Artaud, Head of Model Risk Audit, Credit Agricole CIB

 

RISK APPETITE – PANEL DISCUSSION

2:25 Incorporating non-financial risks within the risk appetite framework

Session details 

  • Incorporating non-financial risks
  • Developing synthetic indicators for compliance and operational risks
  • Transparency from senior management
  • Building a complete and transparent framework
  • Redesigning indicators to present risks to the board

Jeremy Arnold, Chief Risk Officer, NatWest Markets
Carlos Martin, Executive Director – CIB Markets Operational Risk Management, JPMorgan Chase & Co.
Adrian Burbanks, Deputy General Manager, London Branch, Agriculuture Bank of China

 

CAPITAL FRAMEWORKS

1:45 Reviewing changes to capital regulation and impact to frameworks

Session details 

  • Incorporating climate risk into capital framework
  • Changes to CRR 3
  • Cross border requirements and approvals
  • Standardizing treatment of activity across jurisdictions
  • Efficient capital management amidst uncertainty

Neels Vosloo, Director, EMEA Capital Policy and Advocacy, Bank of America Merill Lynch

 

FRTB – PANEL DISCUSSION

2:25 Industry update on progress towards FRTB and reviewing model approaches

Session details 

  • Impact of continued delays
  • Global alignment of standards and timelines
  • Qualification at trading desk level
  • Reviewing capital benefits of internal models
  • Qualitative and quantitative requirements for model approval
  • Managing the EU’s CRR3 and CRD6 proposals

Etienne Varloot, Global Head MCR, Credit Agricole CIB
Thomas Hougaard, Director, Head of Risk and Valuation & FRTB strategy Owner, Nordea
Suman Data, Head of Portfolio Quantitative Research, Lloyds Banking Group

3:10 Afternoon refreshment break and networking

 

CRYPTOCURRENCY

3:40 Developing processes and oversight techniques for increased use of cryptocurrency

Session details 

  • Developing regulations for cryptocurrency
  • Updating capital frameworks to include crypto asset exposure
  • Sanctions and regulations preventing trade
  • Monitoring the security and integrity of digital currencies
  • Increased need for digitalization in order to incorporate digital currencies


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Katey Neate, Chief Risk Officer Asset Servicing and Digital, BNY Mellon

 

RISK IDENTIFICATION

4:20 Developing forward looking risk identification to understand potential threats

Session details 

  • Natural default to visible risks
  • Managing highly probable and highly impactful threats
  • Leveraging stress testing as a tool for risk identification
  • Early warning indicators of risk
  • Effectively assessing and scanning potential future threats
  • Avoiding bias when assessing and identifying risk

Mauricio Masondo, Managing Director, Citi

 

FINANCIAL CRIME

3:40 Managing increased financial crime threat landscape and mitigation techniques in a changing environment

Session details 

  • Exchange of information across jurisdictions and organizations
  • Leveraging data to identify levels of risk
  • Identifying beneficial ownership
  • Managing the escalations of issues relating to money laundering
  • Increasing the visibility at board level for governance of AML
  • Managing tensions and sanctions between US, EU and Russia

 

ERM

4:20 Developing and embedding an ERM framework and aggregating strategic enterprise risks

Session details 

  • Managing your business using the new COSO framework
  • Requirements for technical tooling
  • Incorporating strategic risk into a systems
  • Managing your enterprise risk framework to set risk appetite

 

NON-PERFORMING LOANS

3:40 Reviewing the impact of Covid-19 on loans and asset quality and treatment of non-performing loans

Session details 

  • Impact on loans and asset quality
  • Reviewing adequacy of provisioning credit
  • Maintaining a cautious approach to provisions
  • Treatment of loans under government support measures
  • Credit deterioration as support measures unravel

Varun Kumar Singh, Head – Corporate Lending, Union Bank of India UK

 

LIBOR

4:20 Reviewing progress towards LIBOR transition and future challenges transitioning contracts

Session details 

  • Immediate consequences of the cessation of Libor
  • Migrating all contracts over to new rate
  • Treatment of IBORs
  • Reflecting credit risk within rates
  • Managing market manipulation
  • 2023 Dollar transition and what to expect
  • The impact of rising interest rates on LIBOR transition

Chia Tan, Director, Counterparty Model Risk Management, Bank of America

5:00 Chair’s closing remarks | 5:10 End of Risk EMEA 2022