GEOPOLITICAL RISK – PANEL DISCUSSION

9:00 Managing and operating amidst global geopolitical uncertainty

Session details 

  • Driving supplier diversification
  • Reviewing escalations outside of Europe
    • Interconnectedness of global economies
  • Ripple effect of direct and indirect exposures
  • Preparation for known unknowns
  • Controls and capabilities to manage risk
  • Managing supply chain disruptions
  • Reviewing energy crisis impact on economy
    • Long term implications on business model

Michael Sparks, Chief Risk and Compliance Officer, Issuer Services, BNY Mellon
Cecilia Gejke, Chief Risk Officer, Private Banking Institution

FUTURE PROOFING

9:45 Developing transformation and digitalization programs to future proof businesses

Session details 

  • Aligning compliance programs with transformation
  • Improving existing programs
  • Reviewing organizational structure and governance
  • Business model viability as expectations evolve
  • Challenges for traditional banks in a digital environment
  • Business model viability and sustainability

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10:20 Morning Refreshment Break and Networking

FINANCIAL RISK

MARKET VOLATILITY

10:50 Treatment of volatility in markets and continued economic risks

Session details 

    • Volatility in energy commodities
    • Reviewing reliability of margin models in light of volatility
    • Preparing for future economic environment
    • Managing pressure on highly leveraged businesses
    • Managing short term volatility
    • Managing credit losses as a result of volatility
    • Supporting customers through difficult financial periods

Sreekar Periketi, Executive Director, Morgan Stanley

CENTRAL BANK CHANGES

11:25 Anticipating future central bank changes and impact to organizations

Session details 

  • Managing change from central banks
  • Impact of interest rate changes
  • Managing phase out of stimulation measures
  • Managing P&L changes
  • Operational costs of rising interest rates
  • Remortgaging and refinancing with volatile interest rates

 INFLATION – PANEL DISCUSSION

12:00 Adapting strategy for a high inflation environment

Session details 

  • Managing recessionary environment
  • Impact on government bonds linked to inflation
  • Hedging inflation exposure moving forward
  • Reviewing impact to business and investment activity

Valeriu Bajenaru, Global Head of Enterprise Risk Management, Credit Suisse
Borislav Vladimirov, Managing Director, Goldman Sachs (TBC)

 NON- FINANCIAL RISK

THIRD PARTY RISK

10:50 Exposure of confidential data to certain entities with increased outsourcing and offshoring

Session details 

  • Risks outsourcing technology and data
  • Managing client and bank data exposure
  • Ensuring security of third party platforms
  • Demonstrating oversight policies and procedures internally
  • Regulatory view on internal outsourcing
  • Incorporating ESG into framework without overburdening questionnaires

Maya Goethals, Director, Compliance and Risk Management, Bank of America Merill Lynch

SUPPLY CHAIN RISK

11:25 Managing continued supply chain disruptions and impacts across organizations

Session details 

  • Ripple effects of supply chain disruptions
  • Long term impact of Ukraine/Russia conflict
  • ESG considerations
  • Modern slavery considerations within supply chains

ESG – PANEL DISCUSSION

12:00 Inclusion and integration of ESG within decision making across risk silos

Session details 

  • Managing mismatch in external data sources
  • Modelling challenges with limited historical data
  • Reviewing SFDR requirements
  • Reviewing disparities across global benchmarks
  • Embedding ESG into existing control frameworks
  • Managing risks with limited regulation and data
  • Reviewing reporting requirements
  • Measuring and integrating ESG risk
  • Capturing good data on climate and emissions

Jeff Simmons, Chief Risk Officer, MUFG Securities (Europe) N.V.
Sophie Dupre-Echeverria, Chief Risk and Compliance Officer, GIB Asset Management
Imtiaz Hussain, Managing Director and Deputy Chief Auditor, BNY Mellon

MODEL RISK & TECHNOLOGY TRENDS

DATA -JOINT PRESENTATION

10:50 Enhancing data capabilities to enable technology and advanced analytics

Session details 

  • Reviewing the evolution of data architecture patterns, working towards a regulated data centric hybrid model
    • Assessing advanced data product’s
  • combination between data, platform and expertise
  • Using ESG criteria as a good example of a data challenge

Romaric Rollet, Head of Innovation and Digital Transformation, Chief Data Officer, Credit Agricole
Philippe Coué, Head of CACIB Data Office , Credit Agricole CIB

LEGACY INFRASTRUCTURE

11:25 Managing integration of new systems and technology with legacy system limitations

Session details 

  • Fragmentation of products and systems
  • Data management challenges
  • Aligning data across systems
  • Leveraging cloud to align data for holistic insights
  • Role of Fintech’s in legacy infrastructure
  • Strategies to build legacy infrastructure

DIGITAL TRANSFORMATION – PANEL DISCUSSION

12:00 Balancing digital transformation with security

Session details 

  • Preparing end users for digital change
  • Handling and utilizing data
  • Improving data capabilities to drive digitalization
  • Managing increased demand for customization
  • Balancing multiple objectives
  • Strengthening cyber practices to advance transformation

Carlos Martin, Executive Director – CIB Markets Operational Risk Management, JPMorgan Chase & Co.
Vivek Jain, Head of Audit – Insurance, Pensions & Investments, Lloyds Banking Group

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12:35 Lunch Break and Networking

INTEREST RATE RISK

1:35 Developing scenarios for a high interest rate environment and managing uncertainty

Session details 

  • Hedging risk in a high interest rate environment
  • Capturing margin in a high-rate environment
  • Forecasting and positioning for future changes
  • Generating deposits and retaining attractiveness of loans
  • Modeling interest rate changes

 BALANCE SHEET MANAGEMENT

2:20 Effective balance sheet management for long term strategy with short term volatility

Session details 

  • Managing constraints to liquidity, capital and interest rate risk
  • Managing interconnected nature of treasury risks
  • Balancing economic conditions to minimize capital impact
  • Stress testing economic conditions
  • Managing changing customer behaviors
    • Pricing deposits to remain effective
  • Setting up balance sheets to withstand market volatility

 MACRO ECONOMIC RISK – PANEL DISCUSSION

2:55 Impact of macro factor variables on risk management

Session details 

  • Reviewing how macroeconomic factors impact risk
  • Cross industry impact of inflation
  • Impact on growth and business objectives
  • Ripple effect of high inflation
  • Scrutinizing macro factors to maintain business viability
  • Impact of gilt market volatility on stress testing

John East, Head of Prudential Risk, SMBC
Jerome Henry, Principle Adviser, ECB
Joao Figueiredo, Head of Credit Risk Modelling, Metro Bank

ESG

1:35 Enhancing oversight of social programs and mitigating reputation risks with potential greenwashing

Session details 

  • Investments in communities
  • Inclusion of ESG considerations within third party risk
  • Navigating social challenges across borders
  • Aligning E, S & G for a holistic score
  • Diversity, equity and inclusion disclosure requirements
  • Reviewing FCA greenwashing consultation paperx
  • Managing risks of perceived greenwashing

 CLIMATE RISK

2:20 Building climate risk into day-to-day operations including nature and biodiversity

Session details 

  • Managing physical transition risks
  • Inclusion of nature and biodiversity within EU taxonomy
  • Building out data capabilities
  • Building nature and biodiversity into climate analysis
  • Reviewing EU taxonomy disclosure requirements
  • Establishing effective data sources to monitor exposure
  • Using data tools to drive decision making
  • Developing internal methodologies to capture climate risk data
  • Stress testing biodiversity

Federica de Vincenzi, Executive Director, Barclays (TBC)

 BOARD REPORTING – PANEL DISCUSSION

2:55 Understanding the role and responsibility of the board to better report

Session details 

  • Identifying top risks within an organization
  • Distinguishing between board reporting and assurance
  • Developing clear reporting to establish risk status
  • Setting a risk appetite framework for key risks
  • Identifying risk indicators to aggregate results
  • Responsibility of director vs non-director board members
  • Contribution of board reporting to board effectiveness
  • Best practice observed in board reporting

Uwe Klapproth, Head of Group Risk Management, Euroclear
Lorraine Solway, Director of Risk, Nest Corporation
Germar Knochlein, Head of Division, ECB

TECHNOLOGY

1:35 Developing internal infrastructure to streamline processes and leverage technology

Session details 

  • Strategic migration to new technology platforms
  • Enhancing speed and scalability
  • Leveraging quantum computing as a risk management tool
  • Computation challenges and capabilities
  • Developing automation models
  • Optimizing validation end to end

 SYTEMIC DESIGN

2:20 Reviewing how technology continues to change markets and how a systemic design approach could create new solutions for stability

Session details 

  • How does technology impact behaviour and stability of the global market system?
  • How do constraints for systemic stability evolve, for firms and regulators?
  • What conceptual systemic design can deliver sustainable systemic stability?
  • What migration paths from here to there – what are the initial steps?
  • Where will it be better to cooperate that to compete?

Francis Gross, Senior Adviser, European Central Bank

 DIGITAL ASSETS – PANEL DISCUSSION

2:55 Reviewing how digital assets fit within a business and developing risk appetite

Session details 

  • Adapting existing policies to include digital assets/cryptocurrency
  • Reviewing prudential frameworks for crypto assets
  • Treatment of assets on books and capitalization strategies
  • Building governance framework to manage crypto assets and currencies
  • Treatment of crypto exposures from a capital perspective
  • Reviewing the risk and compliance frameworks of digital assets

 

Farooq Gulzar, UK Chief Risk Officer, UBS AM
Basima Khuram, Director, International Lead, Digital Assets FCC Advisory, BNY Mellon
Marion Laboure, Director, Macro Strategist, Thematic research, Deutsche Bank

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3:40 Afternoon Refreshment Break and Networking

 CREDIT RISK

4:10 Impact of global events on credit risk and predictive power of models

Session details 

  • Reviewing the impact of volatility on expected loss models
  • Increased default and non-performing loan risk
  • Impact of ESG on credit risk
  • Impact of interest rates on credit risk assessment
  • Updating and challenging models
  • Long term impact of phase out of Covid-19 support measures

 LIQUIDITY

4:45 Managing liquidity risks and regulatory expectations

Session details 

  • Impact of liquidity on non-banks
  • Access to funding
  • Managing liquidity in markets
  • Impact of future quantitative tightening
  • Impact of central bank stimulus drawback
  • Staying on top of regulatory expectations

Haitian Li, Managing Director, Global Head of Liquidity and Funding Treasury Risk Control, UBS

 CYBER SECURITY

4:10 Protecting the organization and customers from increased cyber risk

Session details 

  • Systemic potential of cyber risk
  • Increased risk with complexity of technology and supply chains
  • Impact of geopolitical tensions on threat landscape Managing state actor led threats
  • developing proportionate balance of preventative and detective controls
  • Combination of technical defenses and education
  • Reviewing impact of ransomware on organizations

Nitesh Kumar, Managing Director, Global Head of Cyber, Payment Systems Risk and Strategic Projects, BNP Paribas

 CONSUMER DUTY

4:45 Reviewing impact of consumer duty regulation and key principles to be delivered

Session details 

  • Fair pricing around interest rates
  • Introduction of consumer duty rules
  • Balancing care for originators and distributors
  • Scenario planning for future stress events
  • Ensuring customers understanding messaging and communication

 CBDC

4:10 The future of central bank digital currencies

Session details 

  • Reviewing Bank of England digital currency release
  • Mechanics of how CBDC works
  • Treatment to manage risk
  • Inclusion of the digital Euro

Aleksi Grym, Head of Fintech, Bank of Finland

AI & MACHINE LEARNING

4:45 Leveraging AI and machine learning to increase efficiency across silos

Session details 

  • Reviewing The Artificial Intelligence Act
  • Model risk associated with the use of AI and machine learning
  • Complexity of validation requirements
  • Documentation and control requirements
  • Regulatory approaches to AI and machine learning
  • Automating manual tasks and processes

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5:20 Chair’s Closing Remarks | 5:30 End of day one and drinks reception

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

ECONOMIC RISK – PANEL DISCUSSION

09:00 Managing economic risks and long term impacts of global crisis

Session details 

  • Managing regional and global crises
  • Implications of a recession on financial institutions
  • Deterioration in asset quality as a result of economic downturn
  • Solvency of banks with impacts to revenue, costs and capital lines
  • Managing inflationary environment

Jeff Simmons, Chief Risk Officer, MUFG Securities (Europe) N.V
Hanna Sarraf, Chief Risk Officer, Starling International

 ENTERPRISE RISK MANAGEMENT

9:45 Leveraging technology to better manage enterprise risk management frameworks

Session details 

  • Use of technology to improve connectivity of different risk silos
  • Reviewing enterprise risks and re-allocating resources accordingly
  • How different silo frameworks should be communicating with one another
  • What does the future of technology hold for enterprise risk management
  • Leveraging cross-border data
  • Integrating different risk silos to manage risk more holistically

Thomas Wallace, CRO – Revolut UK, Revolut

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10:20 Morning Refreshment Break and Networking

FINANCIAL RISK

 BASEL 4

10:50 Reviewing finalization of Basel requirements and implementation approaches

Session details 

  • Reviewing capital requirements
    • Managing increased complexity for internal models
  • Impact of FRTB to value at risk
  • Managing complexity in requirements
  • Moving to a sensitivity-based approach
  • Identifying strengths and challenges across organizations
  • Outcome of impact analysis
  • Implementation strategies and impact on businesses

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

 FRTB – PANEL DISCUSSION

11:25 Implementation of FRTB: Reviewing impacts of approaches

Session details 

  • Reviewing internal vs. standard model approaches
  • Managing treasury trade flows post FRTB
  • Externalization requirements for managing future risk
  • Adaptation and readiness across the organization
  • Progress towards internal model for CVA
  • Cost of non-modelable risk factors

Katie Wolicki, Head of Financial and Model Risk Regulatory Policy and Engagement, HSBC
Nicolae Mera, Head of EMEA Market Risk Analytics, Morgan Stanley

 ESG

12:10 Inclusion of ESG risk into investment risk framework

Session details 

  • Reviewing impact to counterparty and credit risks
  • Identifying exposure to ESG related risks across channels
  • Impact of climate related fiscal expenses on sovereign risk
  • Integrating ESG into sovereign rating model
  • Understanding performance implications of certain exposures
  • Understanding environmental impact on bottom line

Dirk Effenberger, Head of Investment Risk, UBS Chief Investment Office, UBS AG

 NON- FINANCIAL RISK

 FINANCIAL CRIME

10:50 Developing holistic financial crime control frameworks and managing global regulatory disparities

Session details 

  • Managing regulatory tension
  • Managing inclusion of AI and automation technology
  • Efficient and effective risk mitigation techniques
  • Leveraging and automating third party data
  • Proactively identifying risk
  • Aligning financial crime control practices
  • Reviewing financial crime control frameworks

Alia Cooper, Wholesale Head of CDD, HSBC

 FRAUD – PANEL DISCUSSION

11:25 Developing fraud detection and prevention techniques and keeping up with the pace of change

Session details 

  • Managing digital advances and changes in customer behavior
  • Cross industry collaboration
  • Challenges identifying money mules
  • Evolution of fraud tactics post pandemic
  • Leveraging data and insights across sectors
  • Managing increased proliferation of scams
  • Education strategies to protect potential victims
  • Reviewing the responsibility of online scams
  • Use case scenarios of fraud emerging across different business’


Zara Culican, Global Head Financial Crime Anti Bribery, Corruption and Fraud, UBS
Peter May, Group Head of Wholesale, Markets and Internal Fraud, HSBC
Allen Anthony, Head of Financial Crime & Compliance Management, Nest Corporation

 INTERNAL FRAUD

12:10 Identifying internal fraud as economic conditions heighten risk

Session details 

  • Impact of economic conditions on propensity for internal fraud
  • Internal pressures with staff attrition
  • Managing structural business changes
  • Monitoring financial health of teams
  • Internal and external fraud risks with increased digitization

John Keogan, Head Fraud Risk, Internal Fraud Prevention, Standard Chartered Bank

MODEL RISK & TECHNOLOGY TRENDS

 AI AND MODEL RISK

10:50 Pragmatically viewing model risks in AI applications

Session details 

  • Credit risk fairness and explainability
  • Market risks role of noise and overfitting
  • Use cases of internal successes
  • Developing a challenger model
  • Building a roadmap for validation

Peter Quell, Head of Portfolio Analytics, DZ Bank AG

MODEL RISK – PANEL DISCUSSION

11:25 Reviewing evolving definition of models and expansion of the scope

Session details 

  • Developing broader model governance processes
  • Developing an integrated model risk structure
  • Governance of AI & machine learning outputs
  • Opportunities to automate validation
  • Integrating new techniques within risk modeling
  • Bank of England assessment on model risk
  • Identifying potential model failures
  • Engaging model risk with the strategy of the bank

Yingbo Bai, MD, Head of Model Risk for Valuation Models and Methodologies, UBS
Gilles Artaud, Head of Group Model Risk Audit, Credit Agricole Group

 AGENT BASED MODELING

12:10 Reviewing the agent based modelling approach for credit and transition risks

Session details to be confirmed

Jodie Humphreys, Head of Innovation Solutions Group, Bank of America

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12:45 Lunch Break and Networking

 CLIMATE RISK

1:45 Managing climate financial risks and reflecting climate risk into capital frameworks

Session details 

  • Inclusion of climate risks within ECB stress test
  • Building climate within credit models
  • Quantifying potential financial impacts of nature and biodiversity
  • Incorporating EU taxonomy within loans process
  • Steering transition of balance sheet towards low carbon economy
  • Data to measure and calculate capitalization for climate risk
  • Reviewing future of regulation for managing climate risk and capital

Julius Herfel, Head of Audit, BNY Mellon

STRESS TESTING – PANEL DISCUSSION

2:20 Advancing stress testing programs and reviewing changing regulatory requirements

Session details 

  • Aligning capital and liquidity stress testing
  • Balancing regulatory and internal scenarios
  • Inclusion of ESG within ICAP & IMAP
  • Stress testing a recession
  • Reviewing scenarios with a big impact on health of a portfolio
  • Reversing models to identify risk aggregate

Chaoxin Zheng, EMEA Head of Scenario Analytics, Morgan Stanley
Michalis Ioannides, Director of Credit and Market Risk, Europe, Canada Life
Nigel Milbank, Climate Programme Senior Lead, NatWest Group

 PEOPLE RISK

1:45 Managing people risk in an environment of increased risk drivers

Session details 

  • Medium and long term repercussions of the great resignation
  • Managing increased salary expectations
  • Hiring and retention of talent
  • Impact of remote and hybrid working on recruitment
  • The influence that cost of living crisis will have on people risk
  • Factoring diversity and inclusion into people risk
  • Challenges of recruiting and retaining talent

 RESILIENCE – PANEL DISCUSSION

2:20 Developing IT and operational resilience and reviewing progress towards implementation

Session details 

  • Technology recovery programs
  • Reviewing progress towards 2025 deadline
  • Investment in outdated IT infrastructure
  • Building and reporting resilience concepts
  • Coordinating efforts across departments for a holistic view
  • Impact of work from home and hybrid working on resilience plans
  • DORA: Practices to monitor third party risk

Ben Davis, Global Head of Resilience Risk, Managing Director, Barclays
Benjamin Brundell, Head of Operational and Technology Resilience Risk, Lloyds banking Group
Sean Titley, Director of Enterprise and Operational Risk, Metro Bank

 MODEL INVENTORY

1:45 Effectively managing expanded model inventories

Session details 

  • Challenge of validating new models
  • Reviewing inventory consolidation
  • Leveraging technologies to streamline model inventory processes
  • Assessing maturity of your model inventory
  • Understanding how your model inventory can support different functions
  • Steps from an inventory to a model risk management system
    • Flexible reporting that meets your stakeholders’ needs
    • Regulatory compliance
    • Managing model risk in the aggregate

Konstantina Armata, Senior Modelling expert, former Group Head of Model Risk Management,  Barclays

BLACK BOX MODELS – PANEL DISCUSSION

2:20 Reviewing expectations and management of vendor/black box models with limited control and visibility

Session details 

  • Vendor compliance with model risk regulations
  • Governance and oversight of vendor models
    • Transparency of AI models
    • Documentation for effective validation
  • Visibility and transparency challenges
  • Explainability of black box models
  • Determining assurance and control processes
  • Identifying use cases for black box models

Emma Hagan, Chief Risk and Compliance Officer, ClearBank®
Ying Poikonen, Head of Modelling Group for EMEA Region, Sumitomo Mitsui Banking Corporation
Stuart Burns, Senior IRB Expert, Barclays (TBC)

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3:05 Afternoon Refreshment Break and Networking

 REVERSE STRESS TESTING 

3:35 Reviewing new developments of the financial quantitative reverse stress test (FQRST)

Session details 

  • Introduction to FQRST, frameworks and examples
  • Practical challenges of implementation
    • Assessing uncertainty vs randomness or Including qualitative information in the framework
  • Application of reverse stress test in portfolio risk management, model risk management and regulatory surveillance
  • Anticipating the future of reverse stress testing
    • Generating ‘realist’ scenarios with machine learning software
    • Identifying important variables or parameters using AAD

Assad Bouayoun, Director, Quantitative Research Department, , Daiwa Capital Markets

 RISK ANALYTICS

4:10 Understanding the importance of developing risk factor analytics to create holistic scenario development

Session details 

  • Reviewing the process and use of a ‘Block and Pin’ approach
  • Assessing weighted flex and impacts
  • Managing the process in order for risk and business buy-in
  • Leveraging machine learning to study patterns
  • Best practice case study

Sunil Verma, Director, Head of EMEA FO Risk Appetite Quantitative Analytics, Citi

 RISK CULTURE

3:35 Understanding the importance of getting risk culture right and challenges with practical implementation

Session details 

  • Distinguishing the difference between risk culture and culture risk
  • Identifying the key elements that factor into risk culture
  • Reviewing the challenges of practical implementation
  • Assessing the critical success factors of an effective risk culture

Nino Gordeladze, former Head of Enterprise Risk Management, Deputy CRO, Bank of Georgia

 BEHAVIOURAL RISK

4:10 Reviewing behavioural risk and understanding how it can impact performance and integrity

Session details 

  • Importance of creating the correct behaviour within an institution
  • Understanding the relationship between behavioural and people risk
  • Reviewing best practice to apply behavioural risk management
  • Identifying behavioural risk
  • Assessing what firms can do to mitigate behavioural risk

Mirea Raaijmakers, former Global Head, Behavioural Risk Management, ING

 REGULATION

3:35 Approaching regulatory changes from a technological perspective

Session details 

  • Unintentional consequences of regulation
  • Impact of climate change regulations on local economies
  • Changes to unemployment as banks move away from industries
  • Impact of sanctions regimes

Madison Gray, Director, Global Head of Regulatory Change Management, Compliance,  BNY Mellon

 MODELING VOLATILITY

4:10 Modeling for macro-economic risks and capturing emerging risks

Session details 

  • Ensuring accuracy to make informed decisions
  • Predicting future customer behavior
  • Management overlays on models
  • Challenges predicting based on historical data
  • Quantifying risk with limited historical information
  • Impact of Covid-19 and government stimulus on predictive modeling


Frederico Diniz, Head of Organic Lending Impairment, Starling Bank

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4:45 Chair’s Closing Remarks | 4:55 End of day 2