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8:20am
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Registration
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9:00am
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Chairman's opening remarks
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9:10am
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Keynote address: Key elements of the Dodd-Frank Act
- Brief overview of the Dodd-Frank Act and its intended objectives
- Key elements of the Act
- Resolution plans ("living wills")
- Designation of financial companies as systemically important
- OTC derivatives
- Potential implications for foreign financial institutions
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9:50am
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Panel discussion: Role of CCPs
- Are CCPs adequately prepared to manage new risks
- Confronting the operational issues
- Addressing the lack of historical pricing data and liquidity
- Do regulations need to be revisited
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10:40am
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Morning coffee break
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11:10am
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Presentation: Investing in and embedding a strong risk culture
- Adequately defining your firm’s risk culture: key considerations
- What is the role of senior management in instilling a sound risk culture across the organization
- What are the main barriers and challenges in embedding risk culture?
- Rewarding adherence and compliance to risk-based behavior – pros and cons
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11:50am
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Presentation: Mix and Match - Finding the right ingredients for stress-testing to measure OR capital
- Stressing losses vs. conducting scenario analysis
- Choice of methodology
- Source of data
- Choice of scenarios
- Technology’s role
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12:30pm
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Lunch
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1:50pm
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Panel discussion: Going rogue – how do we control Rogue Traders?
- What does the industry need to do to inhibit or control the frequency of rogue-trading, especially in the current economic climate?
- Who shoulders the blame? Is it ORM’s shortcomings or a lack of recognition of necessity of ORM from management?
- Is the answer more regulation? More stringent? How do regulations need to evolve to correct this problem?
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2:40pm
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Presentation: ORM for new products
- Identifying key risks that are applicable to the product
- Assessing the risk for each process and sub-process
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3:10pm
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Afternoon coffee break
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3:40pm
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Presentation: Out of industry perspective of ORM
- How do non-financials tackle the issue of Operational Risk management?
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4:10pm
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Panel discussion: More regulations or better systems?
- Are more regulations (volume / quality) the answer to reduce future operational risk events or is it down to better controls, systems and technology?
- Reserving capital too passive?
- One organization’s faults doesn’t mean the whole industry has similar shortcomings
- Better enforcement of current regulations?
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5:00pm
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Closing remarks
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5:10pm
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Cocktail reception
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7:00pm
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End of day one
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