Agenda

Agenda

If you're looking for a detailed breakdown of the sessions and speakers in a detailed pdf, download the full agenda.

Plenary sessions

08:0009:00

Registration and refreshments

08:00 - 09:00

09:0009:10

Welcome to Risk Live Europe 2024 - Opening remarks

09:00 - 09:10

09:1009:35

Opening keynote

09:10 - 09:30

09:3510:00

Future in focus: The impact of evolving regulations on the European banking sector

09:35 - 10:00

  • Exploring the role of the PRA’s Secondary Competitiveness and Growth objective (SCGO) in rulemaking  
  • In-depth discussion of Basel III's impact on the UK banking sector, focusing on key aspects and the current implementation status
  • Market risk, FRTB and trade wind down – what to expect in the coming months?  
  • SVB lessons learnt and work of BCBS and cross CGFS-Markets-BCBS group work 
David Bailey

Executive director for UK deposit takers supervision

Bank of England

David Bailey is Executive Director for UK Deposit Takers Supervision, responsible for the supervision of the UK’s banks, building societies and credit unions. David also represents the Prudential Regulation Authority (PRA) on the Basel Committee for Banking Supervision.

David joined the Bank of England in 2014 as Director of Financial Market Infrastructure and has held roles as Executive Director of International Banks Supervision and Executive Director of Financial Markets Infrastructure. His most recent role was Executive Director of Authorisations, RegTech and International Supervision. 

Prior to working at the Bank, David was Head of Markets Infrastructure and Policy at the Financial Conduct Authority (FCA) and at its predecessor, the Financial Services Authority (FSA).

He graduated from Durham University and began his career at J.P. Morgan.

 

10:0010:45

Panel discussion: Geopolitical unrest and black swan events

10:00 - 10:45

  • How can organisations build broad, strategic resilience to prepare for and adapt to unexpected events?  
  • Long-term macroeconomic trends – including inflation, globalisation and demographic shifts – to inform proactive risk management
  • The interplay between political outcomes, economic policies, global trade and evolving environmental, social and governance (ESG) regulation  
Kanwardeep Ahluwalia

Co-head global markets risk

Bank of America

Kanwardeep Ahluwalia is Co-head of Global Markets Risk for Bank of America.

Kanwardeep joined Bank of America from Swiss Re where he was the Group Head of Financial Risk Management, which included the role of CRO for Asset Management, as well as serving as the Reinsurance CRO for EMEA.  Prior to that, he worked at Bear Stearns where he had a number of positions leading to the roles of CRO for Europe & Asia and Global Head of Market Risk.  This was preceded by a period working in regulation for the UK’s former Securities & Futures Authority.

10:4511:10

Morning networking break

10:45 - 11:10

11:1011:35

Generative artificial intelligence (AI): understanding the landscape

11:10 - 11:35

Daniel J. Mankowitz

Staff research scientist

DeepMind

Daniel Mankowitz is a Staff Research Scientist at Google Deepmind, working on solving the key challenges that will unlock Reinforcement Learning algorithms to work on real-world applications at scale. This includes a focus on Reinforcement Learning from Human Feedback (RLHF) in the context of Large Language Models (LLMs) such as Gemini. He has worked on: code optimization, code generation, chip design, video compression, recommender systems, and controlling physical systems such as Heating Ventilation and Air-Conditioning (HVAC), with publications in Nature and Science. 
 

11:3512:00

The critical role of clean and accurate data in digital transformation

11:35 - 12:00

  • 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 

12:0012:45

Panel discussion: Beyond the Basel III endgame: examining international disparity

12:00 - 12:45

  • Compare regulatory approaches in the US, the UK and Europe
  • The likelihood of a complete overhaul in regulatory frameworks  
Marco Crotti

Policy expert

European Banking Authority

Marco Giovanni Crotti is a policy expert at the European Banking Authority. He is responsible for the implementation of the EBA FRTB roadmap and he represents the EBA at the BCBS Market Risk Group. 

He holds a MSc in Mathematical Engineering from Politecnico di Milano and an Executive Master in EU studies at the centre international de formation européenne.

Eduardo Epperlein

Managing Director, Global Head of Risk Methodology

NOMURA INTERNATIONAL

Eduardo Epperlein, Managing Director, Global Head of Risk Methodology, NOMURA INTERNATIONAL

Eduardo Epperlein has over 20 years experience in the financial industry and is currently Managing Director and Global Head of Risk Methodology at Nomura. He is responsible for credit, market and operational risk methodology, as well as stress testing anaytics. Prior to joining Nomura, Eduardo held various roles in risk methodology at Citigroup, including model validation. Eduardo holds a PhD in Plasma Physics from Imperial College, London, and spent 10 years as a research scientist prior to joining the financial industry.

12:4514:00

Lunch and networking

12:45 - 14:00

13:2013:50

Day 1 roundtables

13:20 - 13:50

  1. Defining digital transformation: navigating the future - The essence of digital transformation in capital markets, the role of emerging technologies and the intricate balance at the intersection of customer experience, data analytics, mobility and the cloud.
  2. Credit risk in focus: Basel III and small to medium-sized enterprise (SME) financing strategies - The implications of Basel III on credit risk, the challenges and opportunities in SME financing and the impact of regulatory changes on Basel III models.
  3. Data drought: expected advances in biodiversity risk data - Challenges around the scarcity of biodiversity risk data, efficiency of market activity on the Taskforce on Nature-related Financial Disclosures framework, and strategies to meet the demand for low-cost, timely data for biodiversity risk evaluation.
  4. Beyond compliance: innovations in central clearing for market resilience - The role of central clearing in managing counterparty risk, the regulatory impact on market dynamics and liquidity, and best practices for resilient and cost-effective markets.
  5. Unfinished business: navigating Brexit challenges - The ongoing challenges posed by Brexit, with a focus on key aspects such as mutual recognition of trading and clearing, the impact of the talent diaspora, and the complexities surrounding trading mechanisms and locales in the post-Brexit landscape.  

Stages

14:0014:25

Interest rate risk in the banking book and the art of capital management

14:00 - 14:25

  • Tried and tested methodologies to effectively assess liquidity risk  
  • Credit spread risk in the banking book (CSRBB) compliance and European Banking Authority (EBA) guidelines: creating a unified approach to managing interest rate and credit spread risks
  • Ensuring consistency with other regulatory reporting (financial and common reporting standards)  
  • Managing unruly and disparate datasets 
Stefano Biondi

Group chief risk officer

Banca Mediolanum


 

14:2514:50

The Fundamental Review of the Trading Book (FRTB): internal decisioning and model adoption

14:25 - 14:50

  • The potential consequences of neglecting internal models in the context of FRTB, considering adaptability to new market conditions and product types
  • The possible competitive advantages of opting for a standard model versus an internal model, and who benefits from each approach 
Gregg Jones

Director, risk & capital

ISDA

14:5015:30

Panel discussion: Deciphering FRTB: navigating regulation, data compliance and future assurance

14:50 - 15:30

  • How regulatory frameworks are adapting to address inaccuracies  
  • Avoiding penalties and ensuring compliance
  • Is your data accurate and complete? Strategies to ensure high-quality data in the context of FRTB
  • How to assure regulators that information will remain accurate and relevant in the financial landscape of the next two to three years
  • Examine frameworks for effective collaboration between banks, supervisors, and policymakers to address supervision and capital concerns 
Fabio Lania

Market risk manager

Intesa Sanpaolo 

As a Market Risk Manager at Intesa Sanpaolo, I lead the development and implementation of market risk methodologies that comply with both current and upcoming regulatory requirements, such as Basel 2.5, FRTB, and ICAAP. With over 10 years of experience in the banking industry, I have a strong background in financial risk management, banking balane sheet optimization, analytical skills and team leadership

I also support the business line with quantitative and qualitative reporting for RWA optimization, addressing the impact of the new regulatory landscape on business models. Additionally, I actively participate in industry meetings and advocate on behalf of the bank for FRTB implementation. My mission is to drive market risk innovation and optimization at Intesa Sanpaolo, one of the leading European banking groups.

Shearin Cao

EMEA regulatory engagement function director - regulatory policy

Citi

William Cooper

Head of risk

SEB DK

In 2016 William became the Head of Risk for SEB Denmark with responsibility for protecting the banks financial results and reputation by preventing excessive risk taking and promoting a strong risk management culture. He has a key role in driving and contributing to risk related projects including the banks FRTB program. He has worked in the past for both buy and sell side firms, in roles ranging from trading at a large Hedge Fund to working as a quantitative analyst at a tier 1 investment bank. Always with a focus on improving financial modelling and analytics to maximize risk management and market awareness. William holds a BSc. In Mathematics and Economics from the LSE and a MSc. in Mathematics from the University of Copenhagen.

15:3016:00

Afternoon networking break

15:30 - 16:00

16:0016:25

Creating an integrated risk management framework

16:00 - 16:25

  • Assembling a team that can think about op risk within the credit/market risk framework  
  • Addressing key components such as identifying key risk indicators, defining processes, determining the frequency of risk assessments
  • Investing in the right stress testing methodology and technology 
Caterina Dalmara

Head of model development & monitoring

Lloyds Bank

16:2516:50

Ensuring data integrity in the age of transformation

16:25 - 16:50

  • Explore challenges and opportunities associated with digital transformation and legacy architecture migration
  • Accelerating product development with accurate, reliable data and analytics  
  • Draw insights from challenger banks' agility and apply them to your strategy 

16:5017:30

Panel discussion: Business drivers in cloud computing and data governance

16:50 - 17:30

  • Cloud migration demystified: explore the intricacies of cloud migration and understand the processes involved
  • Should you create new business lines to oversee cloud implementation?
  • Exploring the tangible business advantages of cloud migration: increasing speed, agility, data quality and more. 

14:0014:25

Liquidity risks: strengthening resilience in an era of market evolution

14:00 - 14:25

  • The intricate relationship between interest rate risk and liquidity risk, particularly magnified in volatile conditions
  • How micro- and macroprudential authorities are proactively addressing systemic vulnerabilities, including the implementation of initiatives such as the Bank of England’s System-wide Exploratory Scenario.
  • How ongoing efforts by central banks will fortify the financial system against systemic risks 

14:2514:50

Asset-liability management (ALM) challenges: volatility and regulatory compliance

14:25 - 14:50

  • The multifaceted challenges associated with interest rate risk, inflation dynamics and their impact on asset pricing  
  • Strategies for rebalancing asset and liability portfolios, with a focus on the increasing volatility of government bonds
  • How organisations can meet regulatory metrics in ALM, and how to utilise technology to ensure compliance  

14:5015:30

Panel discussion: Public to private market movement

14:50 - 15:30

  • Movement to non-public, illiquid markets, issuing debt in the private market  
  • Debt risk increasing in high interest rate environments  
  • Identifying proficient private credit managers
  • Scrutinising risk in the absence of a historical track record
  • Macroeconomic exposures and industry restructuring: the role of treasury/funding in the value chain 
Lukas Ziewer

Former group chief risk officer

Athora Holding

15:3016:00

Afternoon networking break

15:30 - 16:00

16:0016:25

Is creditor-on-creditor violence on the rise in Europe?

16:00 - 16:25

  • The impact of rising interest rates, falling earnings and economic slowdown, and its practices, on the global credit market  
  • How are borrowing by SMEs and evolving loan market dynamics affecting investment decisions?  
  • Distressed-debt investors are facing low and declining defaults: how are they reacting?
  • Addressing the credit cycle's impact on investment risk 

16:2516:50

Credit risk transfer: capitalisation in a dynamic landscape

16:25 - 16:50

  • Analysing the movement of credit risk among financial entities: is the capitalisation appropriate? What is appropriate for credit risk?
  • How the movement of credit risk influences the capital requirements, resilience, and risk-bearing capacity of institutions
  • Exploring regulatory viewpoints on credit risk transfer and its alignment with broader financial stability objectives 

16:5017:30

Panel discussion: Should we be expecting credit risk shockwaves?

16:50 - 17:30

  • Weaknesses/risks in credit markets (underwriting, extend and pretend, covenant light)
  • Implications of potential downgrades for companies on the borderline of investment-grade status
  • Repricing collateralised loan obligations: impacts on refinancing cost and default rates
  • The role of credit decisioning and data analytics in navigating credit risk.  
Saadia Mujeeb

Former CRO

Macquarie Group Europe

14:0014:25

Global pledges, market shifts: decoding the energy transition

14:00 - 14:25

  • The influence of 2030 global climate pledges on energy market dynamics
  • The intricacies of European carbon markets and associated regulatory frameworks: practical implications and forecasts.
  • The macroeconomic implications of climate change on capital markets 
David Carlin

Climate risk lead

UN Environment Programme Finance Initiative

David Carlin is an acknowledged authority on climate change and its implications for the financial system. He is the founder of Cambium Global Solutions, an advisor to governments, corporates, and financial institutions on climate and ESG topics. He has authored numerous reports that provide practical tools for financial actors looking to address climate change and has run capacity-building programs for financial institutions and supervisors around the world. 

David is the head of climate risk and TCFD for the UN Environment Programme’s- Finance Initiative (UNEP FI). Over the past years, he has worked with over 100 global banks, investors, and insurers on climate scenarios, climate risk assessments, and climate governance. 

He is an advisor to UNEP FI’s TNFD pilot program on nature and biodiversity related risks as well as the Net-Zero Banking Alliance (NZBA). He has also been a technical advisor to the Glasgow Financial Alliances for Net Zero (GFANZ). David is also a contributor to Forbes and a Senior Associate at Cambridge’s Institute for Sustainability Leadership (CISL).

David has worked as a Principal in Finance, Risk, and Public Policy for Oliver Wyman and in Model Risk Management for PNC Bank. His background is in quantitative modeling and decision science.

14:2514:50

Climate risk and liquidity management: scenario-building and integration methods

14:25 - 14:50

  • Methods to seamlessly integrate climate and ESG scenarios into liquidity risk frameworks
  • The importance of sharing scenario results as a strategic approach to enhancing liquidity risk management
  • Practical strategies for integrating scenario outcomes related to climate and ESG factors into liquidity risk frameworks 
Christian Hasenclever

Head of Strategic ALM

Norddeutsche Landesbank

Christian Hasenclever is the head of Strategic Asset and Liability Management (ALM) at NORD/LB’s Treasury department. He is responsible for the strategic liquidity gap and funding risk management incl. funding planning and balance sheet optimization, and he is in charge of the group-wide internal Funds Transfer Pricing system. That includes the constant conceptional enhancement of the liquidity risk management and of the FTP-system as well as the coverage of regulatory developments relating to liquidity risk,  SREP, ILAAP and FTP.

Before he was the head of a Strategy and Modelling – a unit within Treasury, which had a special focus on developing an advanced pricing model for embedded options in wholesale loans. Prior to that he worked for Bremer Landesbank as a portfolio manager and expert within ALM. He started his career at Bankgesellschaft Berlin as a project manager in the structured finance department and later as a senior fixed income researcher within capital markets. He is a Certified International Investment Analyst (CIIA) and graduated economist.

14:5015:30

Panel discussion: Integrating sustainability into risk management

14:50 - 15:30

  • Managing the intricacies of a comprehensive sustainability strategy intertwined with a robust risk management framework
  • Key components and considerations in aligning sustainability (climate and ESG) objectives with effective risk mitigation strategies
  • Strategies for identifying, assessing, and managing diverse risk types, ensuring a holistic approach to sustainability in risk management 
Navin Rauniar

Co-chair, ESG working group, and member & UK SteerCo member

Professional Risk Managers'​ International Association

Keith Davies

Group chief risk and compliance officer

Admiral Group

Valérie Villafranca

Société Générale


Valérie VILLAFRANCA joined Société Générale 5 years ago. She has been director of the Societe Generale Group's ESG By Design program for 2 years. The program is in charge of operationalizing the group’s ESG transformation. Valérie started her career at Arthur Andersen where she was responsible for the Risk Management team in Paris. In 2006, she joined Aon to develop a consulting and financial intermediation activity specializing in carbon markets, climate risks and commodities. In 2010, she was appointed Managing Director in charge of Accenture's EMEA Banking Risk Management practice. Before joining SG she was a Director at the Boston Consulting Group in charge of risk management and compliance consulting activities for the WESA (Western Europe, South America and Africa) region.

15:3016:00

Afternoon networking break

15:30 - 16:00

16:0016:25

Unpicking the intricacies of opaque regulations

16:00 - 16:25

  • Demystify compliance strategies Sustainable Finance Disclosures Regulation and EU taxonomy, and aligning this with sustainability goals
  • Practical approaches for organisations to contribute to sustainable development goals while navigating regulatory strictures
  • Examine the implications of the UK's decision to introduce its Sustainability Disclosure Requirements independent of the EU

16:2516:50

Don’t forget the ‘G’: the critical role of governance in ESG

16:25 - 16:50

  • Managing and overseeing supply chain examination, antislavery initiatives, and diversity, equity, and inclusion (DEI) efforts in your firm, and getting it right
  • Finding new ways to navigate regulatory complexities and ensure compliance while maintaining transparency in reporting
  • Examining internal governance needs plus investment risks and opportunities
     
Soren Andersen

Chief risk officer

Nordea Asset Management

16:5017:30

Panel discussion: Solving ESG data landscape challenges

16:50 - 17:30

  • Challenges arising from the lack of correlation between various ESG ratings and scores – pending regulatory oversight in the UK, Europe and India on rating providers
  • Industry critiques and growing demand for increased transparency and standardisation in ESG data
  • Challenges posed by limited availability of biodiversity risk exposure data in the ESG landscape
  • Approaches to improve climate model accuracy and enhance the overall quality assurance of ESG data
     
Saurabh Singh

Climate modelling for investment governance & strategy

Aviva

Pete Cox

Vice president, product management

Northern Trust

Maria Nazarova-Doyle

Executive director, global head of sustainable investment

IFM Investors

14:0014:25

Front page news or back-office requirement? Decoding the tech stack

14:00 - 14:25

  • The functionalities and applications of the tech everyone’s talking about – and the ones they’re not
  • The opportunities and limitations inherent in each: ensuring your teams know and can articulate the difference
  • Understanding (and developing a request for proposal for) the technology that fits your current challenges and identifying those that will serve you for the future 

14:2514:50

Reviewing the AI risk landscape

14:25 - 14:50

  • Managing cloud migration, preventing bias in models, creating new lines of business for overseeing implementation and addressing AI-based autonomous network decisions
  • Risks associated with AI-driven image manipulation and the use of AI for creating synthetic personas and identities

14:5015:30

Panel discussion: The black box problem: delivering transparent, accountable AI solutions at scale

14:50 - 15:30

  • Strategies for effectively delivering AI solutions at scale, addressing the complexities of implementation
  • The costs and challenges of widespread AI adoption and considerations for ensuring scalability, such as cloud hosting and upskilling/hiring requirements 
  • Transparently reporting and maintaining data quality when working with large language models (LLMs) 
  • Best practices and techniques to ensure the integrity and reliability of data inputs for optimal LLM performance
  • Anticipating regulatory scrutiny and implementing measures to ensure trustworthiness in AI systems.

15:3016:00

Afternoon networking break

15:30 - 16:00

16:0017:00

AI innovation showcase

16:00 - 17:00

  • Tangible cases studies on AI from centres of Excellence and innovation
  1. Enhancing customer service and trading strategies, customising portfolios based on client preferences, eliminating weeks of analyst work with real-time adjustments, addressing inefficiencies in cost and manual processes, due diligence for large bond issues and legacy code conversion. 
  2. Macroeconomic risk identification, simplifying regulatory policies, client onboarding and selection, idea generation for research and investment, and enhancing the customer experience.
     

17:0017:30

Q&AI

17:00 - 17:30

  • Interactive discussion with experts on the practical, tactical and tangible elements of AI 

14:0014:50

Resilience in the balance: gently swaying amid geopolitical turbulence
Panel session

14:00 - 14:50

  • Interest rate resilience: banks' strategies for navigating a new era of higher interest rates and enhancing resilience.
  • Brexit and banking: exploring Brexit's ongoing effects on British banks and European financial services.
  • Navigating fragmentation: addressing operational challenges and the need for regulatory alignment in fragmented markets.
  • Geopolitical risk in banking: assessing the banking sector's risks due to conflict and global tensions.
  • The EU’s internal challenges: the impact on banking risks of diverging policies and social unrest in Europe.
  • Banking infrastructure security: strategies for protecting critical banking systems amid geopolitical instability.
Rosamund de Sybel

Head of geopolitical risk, financial crime compliance

ICBC Standard Bank

Anna Rosenberg

Head of geopolitics

Amundi Asset Management

Merlin Linehan

Risk manager

European Bank for Reconstruction and Development

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.

14:5015:30

Fortifying against concentration risk in a connected world
Panel session

14:50 - 15:30

  • Mapping the landscape of third-party and concentration risks in European financial sectors.
  • Testing resilience: different approaches to changing data in different European localities.
  • Mapping data: combing data outside of silos into new governance models.
  • Regulatory responses to mitigate risks associated with payment system vulnerabilities.
  • Best practices for managing third-party relationships and ensuring compliance.
Michele Henry

Global head of operational resilience

Aberdeen Asset Management

Fazal Mohammed

Head of ORM – asset management

Phoenix Group

Fazal is the head of ORM – asset management at Phoenix Group. He has 15 years of financial services industry experience working across investment banking and insurance domains covering global businesses i.e., public and private markets. Focused on supporting first line functions in making sound business decisions on a risk adjusted basis is a key motivation for success.

In his spare time, Fazal enjoys football, movies and the company of a good book.

Maya Goethals

Director, compliance, and operational risk manager

Bank of America

15:3016:00

Afternoon networking break

15:30 - 16:00

16:0016:45

Consumer duty compliance: balancing the front and back books
Panel session

16:00 - 16:45

  • Understanding consumer duty: a deep dive into the regulatory requirements and expectations for transparency and fairness in customer interactions.
  • Front-book strategies: innovative approaches to integrating consumer duty principles into new customer acquisition and product development.
  • Back-book management: strategies for reviewing and aligning existing customer portfolios with current regulatory standards, ensuring legacy products and services meet compliance requirements.
  • Tech-enabled compliance: leveraging technology to streamline compliance processes, monitor adherence and manage risk across all customer touchpoints.
Chris Knight

Group chief risk officer

Legal and General

Chris Knight took the role of group chief risk officer (CRO) in May 2021. For the previous three years he had been the chief executive of Legal and General’s retail retirement business, where he led the expansion of annuity propositions, developed one of the leading providers of lifetime mortgages and launched our financial advice and care businesses. Knight also serves as Legal and General’s customer champion, representing retail customers’ interests across the whole product range, a perspective he brings to his CRO role. He has previously held positions at Legal and General of finance director of the international division, and chief financial officer of Legal & General Assurance Society. Knight has a first-class economics degree from King’s College, Cambridge and has worked on four continents in a career spanning more than three decades. He is a Fellow of the Institute and Faculty of Actuaries.

Thomas Ralph

Chief risk officer

Charity Bank

16:4517:30

Beyond complacency: embracing anti-fragility in a polycrisis world
Panel session

16:45 - 17:30

Applying anti-fragility: leveraging Nassim Nicholas Taleb's concept of anti-fragility to bolster business resilience and continuity.
Crisis forecasting analysing black swan and grey rhino events to improve crisis anticipation and response.
Revisiting risk complacency: counteracting the 'end of risk management' mindset to enhance crisis readiness.
Polycrisis adaptation: crafting strategies for navigating concurrent complex crises with practical insights.

Chandni Bhan

Chief risk officer

Wise

Jeff Simmons

Chief risk officer

MUFG Securities Europe

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 he transitioned to MUFG Securities to become involved in the Brexit project. In this capacity he is the CRO for MUFG Securities (Europe) N.V. the Dutch subsidiary of MUFG Securities (EMEA).

Prior to joining the bank, he 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.

Close of the day

17:3018:30

Networking drinks

17:30 - 18:30

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