Agenda
Risk Live Roadshow, Berlin | Agenda
2024 agenda
08:00 – 09:00
Registration and refreshments
Meet our speakers and fellow attendees for early networking and idea sharing over breakfast refreshments.
08:15 – 08:55
CRO Network working breakfast
For existing and prospective members
This in-person meeting of the CRO Network is a closed-door, Chatham House discussion, offering existing and prospective members the chance to share experiences and take away practical advice from their peers.
Duncan Wood is the London-based editor-in-chief of Risk.net. He was promoted to the role at the start of 2015, to lead the editorial reorganisation of the website and its print titles. Wood had been editor of Risk magazine since July 2011. He rejoined Risk as European editor in October 2009, having originally worked for Risk and Asia Risk in London and Hong Kong as a writer and researcher between 1998 and 2000.
In the intervening years, Wood was news editor for the Oliver Wyman-founded online start-up ERisk.com. He also worked freelance for six years while living in Germany, with his work featuring in Euromoney, Financial News, IFR, and The Wall Street Journal, as well as Risk magazine and its sister titles. Wood has written about derivatives and risk throughout his 17-year career in journalism. He is a Neal Awards finalist, and has won Incisive Media's journalist and editor of the year awards.
09:00 – 09:15
Welcome to Risk Live Roadshow Berlin
Duncan Wood is the London-based editor-in-chief of Risk.net. He was promoted to the role at the start of 2015, to lead the editorial reorganisation of the website and its print titles. Wood had been editor of Risk magazine since July 2011. He rejoined Risk as European editor in October 2009, having originally worked for Risk and Asia Risk in London and Hong Kong as a writer and researcher between 1998 and 2000.
In the intervening years, Wood was news editor for the Oliver Wyman-founded online start-up ERisk.com. He also worked freelance for six years while living in Germany, with his work featuring in Euromoney, Financial News, IFR, and The Wall Street Journal, as well as Risk magazine and its sister titles. Wood has written about derivatives and risk throughout his 17-year career in journalism. He is a Neal Awards finalist, and has won Incisive Media's journalist and editor of the year awards.
09:15 – 09:45
Regulatory Keynote: to be announced
Keynote presentation
Join us for an opening keynote from a European supervisory body
09:45 – 10:15
Building resilience in an era of disruption
Fireside chat
- Leveraging lean practices, automation, and process optimisation to streamline operations without compromising effectiveness.
- Exploring how technology innovations, such as artificial intelligence, machine learning, and robotic process automation, can enable risk professionals to reduce operating expenditures.
- Discussing the importance of upskilling and reskilling risk management teams to adapt to technological advancements and evolving industry demands.
- Strategies for promoting work-life balance and employee well-being while ensuring productivity and performance.
10:15 – 11:00
AI in risk management
Panel discussion
- Examining key provisions and requirements of the EU AI Act and its implications for risk management practices.
- Identifying practical applications of AI in risk management, including predictive analytics, anomaly detection, and automated decision-making.
- Discussing the potential benefits of AI for enhancing efficiency, accuracy, and agility in risk management processes.
- Sharing best practices for implementing AI technologies in risk management, including data governance, model validation, and transparency.
- Addressing common limitations and challenges associated with AI adoption, such as data quality issues, interpretability, and scalability.
- Discussing methods for detecting and mitigating bias in AI models, including fairness-aware algorithms and diversity in training data.
11:00 – 11:30
Morning networking break
11:30 – 12:50
Stream
Risk management
Adapting to changing regulation and environment for interest rate risk
Panel discussion
- Living with the EBA’s new outlier test on net interest income.
- Trying to find and measure credit spread risk in the banking book.
- Impact from the Basel Committee’s shock recalibration.
- Steering banks through the next interest rate cycle.
Stefano Chiarlone manages 250 finance professionals, including the chief financial officers and finance areas of five subsidiaries: asset and liability management of the Italian book (liquidity, pricing and strategy), active credit portfolio and capital management (securitisation, origination discipline, data/product steering, regulatory interpretation), strategic planning and budgeting (costs, revenues and capital), accounting, and statistical reporting. He leads strategic projects across UniCredit Italia.
Basel III and capital requirements
Panel discussion
- Analysing the finalisation of the Basel III framework and its implications for banks' internal models and risk management practices
- Discussing changes in regulatory capital requirements, risk-weighted assets calculations, and under Basel III
- Addressing the trade-offs and considerations involved in compliance with evolving regulatory standards, such as increased capital requirements, liquidity ratios, and reporting obligations
- Exploring approaches for optimising risk-return trade-offs and strategic decision-making in light of regulatory constraints including the output floor and market dynamics
- Discussing the future of the Basel Committee
Stream
Op risk
Combating ransomware: lessons from major attacks and the role of cyber hygiene
Panel discussion
- Analysis of major ransomware attacks and the preventive role of enhanced cyber hygiene.
- The impact of AI on escalating cybersecurity risks and its specific challenges for European institutions.
- Strategies for European banks to reinforce defences and manage emerging cyber threats effectively.
- Insights into Europe's financial sector's cybersecurity spending and strategic adjustments in risk management frameworks.
Navigating the highs of geopolitical risk: strategies for financial institutions
Panel discussion
- Overview of current geopolitical risks and their escalation in recent years.
- Impact of geopolitical tensions on operational and financial strategies within global financial markets.
- Approaches to modelling and measuring geopolitical risk, including the use of scenario analysis and discussion of potential sanctions.
- Strategies for financial institutions to adapt to and mitigate the increased exposure to geopolitical risks.
Merlin Linehan is a risk manager at the European Bank for Reconstruction and Development (EBRD). He is also a regular commentator and speaker on geopolitical and climate topics.
12:50 – 14:00
Lunch and networking
Innovations in regulatory reporting and compliance
Working lunch
14:00 – 15:45
Stream
Risk management
The critical role of clean and accurate data in digital transformation
Panel discussion
- Navigating evolving reporting requirements requires clean, accurate and scalable data.
- Strategies for migrating from legacy systems to modern digital infrastructures.
- Managing risks associated with data-driven models, including the use of generative AI.
Olof Mankert is the Group Chief Risk Officer for NOBA Bank Group, encompassing Nordax Bank, Bank Norwegian, and Svensk Hypotekspension, with 17+ years of experience in the banking sector. He has been the Group CRO of NOBA since 2016 and has previously served as Chief Compliance Officer, Legal Counsel and Treasury Analyst. Olof has experience in risk management, compliance, and treasury functions, including handling IPOs, M&A transactions, and developing risk frameworks. He has led risk management functions through significant transformations, emphasizing a people-centric approach and practical risk management strategies.
Exploring various categories of Key Risk Indicators (KRIs), including market risk, credit risk, liquidity risk, and operational risk
Panel discussion
- Sharing insights on the selection criteria and methodology for determining relevant KRIs tailored to specific investment objectives and risk tolerance levels.
- Examining the role of algorithmic models and quantitative techniques in risk calculation and assessment
- Highlighting recent advancements in risk modelling methodologies, such as machine learning and artificial intelligence, and their applications in portfolio risk management.
- Exploring strategies for optimising portfolio construction, asset allocation, and risk diversification to achieve desired risk-return profiles.
Joost Dijkers is the Head of Risk Management of Transtrend, a Rotterdam-based Commodity Trading Advisor (CTA). After having obtained a Master's degree in Applied Physics from Delft University of Technology, he decided to start a career in financial services. One year at insurance company Achmea was more than enough to learn that the actuarial profession didn't suit him. But how different it was when he joined Transtrend, where he felt immediately at home. He joined as a Research Analyst in 2006 and never left. In 2013, he was asked to set up an independent Risk Management department, which he still heads. With his team of four, he covers all aspects of risk management, whether operational, strategic or financial, in close contact with first line risk owners. Together, they serve a range of international clients, with currently around 6 billion USD assets under management.
EU elections and US political landscape
Panel discussion
- Analysing the outcomes of the EU elections in June and their potential impact on global financial markets.
- Exploring how regulatory changes and policy decisions in the US administration could influence market sentiment and investment strategies.
- Discussing the implications of geopolitical tensions on global supply chains and trade routes.
- Assessing the efficacy of customer engagement strategies in volatile geopolitical environments and mitigating associated risks.
- Assessing the potential impact of macroeconomic factors such as inflation, interest rates, and currency fluctuations on investment portfolios.
Stream
Op risk
Addressing IT disruption risks in digital banking environments
Panel discussion
- Analysing the consequences of IT disruptions, including service loss and its impact on customer trust and bank operations.
- Strategies for enhancing digital infrastructure to withstand and quickly recover from IT interference.
- Discussing the future risk landscape for IT interruption in the financial sector and effective risk management practices.
Enhancing third-party risk management
Panel discussion
- Examination of recent ransomware attacks and their impact on third-party risk perceptions in financial markets.
- Strategies for financial institutions to enhance due diligence and risk management of third parties.
- The role of new regulations like DORA in shaping third-party risk management and operational resilience.
- Best practices for assessing and mitigating risks associated with third-party service providers, especially in technology and cloud services.
Jeff Simmons joined MUFG Bank in June 2014 as the head of enterprise risk, tasked with creating the function. He has been involved intensively with the enhancement of the risk management framework in MUFG Bank (Europe). This has involved him in the formation of an enterprise risk function in Amsterdam tasked with delivering the full range of regulatory submissions. In April 2018, Simmons transitioned to MUFG Securities to become involved in the Brexit project. In this capacity he is the chief risk officer for MUFG Securities (Europe) N.V. the Dutch subsidiary of MUFG Securities (EMEA).
Prior to joining the bank, Simmons spent some 20 years specializing in best practice risk management including market risk, credit risk, risk model validation and regulatory risk consulting. As well as having line management responsibilities in various institutions he has also gained extensive experience in implementing risk management frameworks from both a technical and operating model-based perspective.
Navigating operational risk in post-Brexit restructuring
Panel discussion
- Challenges faced by non-EU banks in transitioning operations from London to the EU post-Brexit.
- Best practices for managing regulatory compliance, leveraging technological innovation and navigating operational integration during restructuring.
- Strategic approaches to mitigate operational risks associated with post-Brexit transitions.
- Examination of the long-term impacts on the operational risk landscape in Europe.
15:45 – 16:15
Afternoon networking break
16:15 – 16:45
Closing keynote: the shifting geopolitical environment
Keynote presentation
16:45 – 17:30
Mastering the Green Transition
Panel discussion
- The concerns raised by industry lobbyists regarding the potential misrepresentation of banks' sustainability profiles due to the narrow criteria of the EU's taxonomy for sustainable finance.
- How can banks integrate Green Asset Ratios (GARs) into their credit allocation processes to identify green potential within counterparties, assets, and sectors, and align their lending practices with sustainability goals?
- Challenges posed by the exclusion of certain entities, such as SMEs and special-purpose vehicles, from reporting under the Corporate Sustainability Reporting Directive (CSRD), and discuss strategies for overcoming these limitations to maximise the effectiveness of GARs in guiding banking practices.
- Regulatory and supervisory requirements on transition planning and management of ESG risk
After graduating from University of Pavia in 1997 with a degree in business and economics, Stefano Biondi started to work as a junior risk manager for JP Morgan, first in Milan and then in London. Soon afterward he joined ABN AMRO Bank and subsequently moved to Amsterdam as senior credit risk manager in charge of trading counterparty credit risk management.
During his 5 years stint at ABN AMRO Bank, Biondi also worked on the implementation of a bank-wide credit risk portfolio modelling system as well as a risk reporting tool. Following that experience at ABN AMRO he came back to London to accept a role as head of credit risk analytics and portfolio reporting at Standard Bank of South Africa in charge, among other things, of implementing the internal model for the Basel 2 FIRB project. In January 2007 Biondi returned to Italy where he joined Banca Mediolanum as head of risk control with group-wide risk management responsibilities. In 2011 he undertook an executive master in business and banking administration at Bocconi University. In 2014 Biondi took, within risk management of Banca Mediolanum, the responsibility for quantitative modelling, reporting and group wide coordination. In April 2018 became head of risk management for Banca Mediolanum reporting to the group chief risk officer. In March 2020, Biondi became group chief risk officer for Banca Mediolanum.
Florent Pelé joined Société Générale’s Commodity Research team in March 2018 and focuses on developing signals from a fundamental and quantitative angle for commodity derivative markets. Previously he worked as a sustainable investment solutions structurer and is now in charge of ESG analysis applied to commodity future contracts. Florent is a graduate from ESSEC Business School’s Advanced Master in Financial Techniques programme. In 2021 and 2022, the Société Générale Commodities Research team was voted by the industry as the best Cross-Commodity Research team in Energy Risk, a highly respected publication dedicated to risk management, trading, and regulation for the global commodity markets.
Navin Rauniar
Co-chair, ESG working group, and member & UK SteerCo member
Professional Risk Managers' International Association
17:30 – 17:30