Day 2 - Thursday, 17 September 2009

08.25 Coffee and registration

08.55 Welcome address: Stacy Coleman, VP, Risk and Policy, Credit Risk Management Unit, THE FEDERAL RESERVE BANK OF RICHMOND

09.00 Regulatory address: Weathering the storm: Regulator’s role and responses towards op risk management after the financial crisis

• Latest regulatory development in operational risk landscape: the global and local perspective
• Implications for financial institutions’ risk management, compliance and control strategies and practices
• Recent crises: how have they been prevented and how to prevent future crisis?

Stacy Coleman, VP, Risk and Policy, Credit Risk Management Unit, THE FEDERAL RESERVE BANK OF RICHMOND

09.40 Topic to be confirmed

Muthukrishnan Ramaswami,Senior Executive Vice President and Chief Operations Officer, SINGAPORE EXCHANGE

10.30 Morning break with networking opportunities

11.00 Improving trading efficiency and reducing operational risk through automated trading and settlement processes

• Introducing the background of trade confirmation process and risks involved
• Introducing the background of electronic processing
• How can electronic processing address such risks?
• The industry commitments

Jeffrey Kan, Director of Operations, Asia Pacific, INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION (ISDA)

11.40 Utilising business continuity management as a risk mitigant strategy

• Taking social unrests and political attacks into account – indicators and methods for recognising potential risks
• Types of resilience threats
• Strategies for risk mitigation and business recovery
• Security risk horizon in 2009

Gunawan Husin, Head of Business Continuity Management, Southeast Asia, RBS GLOBAL BANKING AND MARKETS

12.20 Lunch with networking opportunities

13.20 The development of an operational risk data consortium

• Challenges in establishing a data consortium
• Reaching a consensus on contributing, storing and accessing data – who, what, when and how?
• Would a data consortium improve operational risk management?
• How can a data consortium be used to its maximum effect to deal with loss events and avoid a crisis?

Simon Wills, Executive Director, ORX

14.00 Operational risks hiding in quantitative platforms

• Need of speed – why we try to beat the clock in exotics trading?
• Potential solutions and the associate risks – spreadsheets and in-house systems
• Trade perspectives of various business units
• Strategies of minimizing the risks
 Knowledge war: Break the silos of knowledge among business units
 Technology aids: Modern approaches
• Principles of quantitative development
 Why another quantitative finance or computing book?
 Preview
• Riskier future: Why risk management may be the most important function in a bank in the future

Manoj Thulasidas, Associate Director, Senior Quantitative Developer, STANDARD CHARTERED BANK

14.40 Afternoon break with networking opportunities

15.10 Demonstrating ROI from an operational risk programme

• Raising operational risk awareness in your firm
• Best communication strategies to achieve your operational risk objectives
• Establishing added value from convergence of operational risk, compliance and audit

Patricia Jalleh, Head of Operational Risk, UOB

15.50 Panel discussion: The future of operational risk

• Future trends for operational risk management
• Capturing the interactions between market, credit, liquidity and counterparty risks
• What does the future regulatory environment hold?
• Enhancing operational risk management in Asia – a crystal ball

Moderator: Patricia Jalleh, Head of Operational Risk, UOB
Pardi Sudrajat, Group Head and Senior Vice President for Market and Operational Risk, BANK MANDIRI
Sven Scholz, Director, Regional Head of Operational Risk, Asia Pacific, DRESDNER KLEINWORT
Nayeem Khan, Executive Director and Head of Operations, BANK JULIUS BAER

16.30 Closing remarks: Stacy Coleman, VP, Risk and Policy, Credit Risk Management Unit, THE FEDERAL RESERVE BANK OF RICHMOND

16.40 End of conference

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If you have interesting insights within the operational risk landscape to share, we would be delighted to discuss with you a speaking opportunity on our programme. Please send your proposal to:

Keiann Yip
Conference Producer
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Email: keiann.yip@incisivemedia.com