Event Agenda

Risk Live Agenda 2019

As influenced by Risk.net subscribers

Alpha, beta and data

Low volatility and low yields have spurred huge growth in passive and quant investing – along with regular bouts of concerns about crowding. One answer has been to mine new datasets for hidden sources of alpha. But when volatility returns, rules-based investors may lose out to funds that are more nimble and can trade a wider range of assets.

New ways of working

Non-banks, exchanges and trading platforms already have a big say in equities and foreign exchange markets; now, banks are shaking up their approach to credit and rates. If flow business can be left to algorithms, then it frees up traders and salespeople to make more of the industry’s key strengths – a bigger capital and client base.

The RFR revolution

Regulators in the UK and US are pressing market participants to abandon the Libor family of benchmarks, and switch to new RFRs. In Europe, the plan is to rehabilitate the old rates. It’s not yet clear whether either ambition is viable. The only thing that can be said confidently is that the project will inject a huge amount of risk into some of the world’s biggest financial markets.

Tomorrow’s CRO

On the face of it, CROs are getting an easy ride. Market, credit and op risk losses have all been subdued in recent years. But these exposures could leap as QE ends, the credit cycle turns, and cyber and data risks become more prevalent. On top of this a new suite of dangers is emerging – from climate change to income inequality and the erosion of trade and political orthodoxy. Tomorrow’s CRO will tackle this mix of exposures using new tools, and with a different blend of staff.

Thursday, 27 June

TOPICS

New ways of working

The RFR revolution

Tomorrow's CRO

Alpha, beta and data

ZONES

The fintech & AI zone

The buy-side club room

The quant common room

The hall of horrors

07:45

CONTENT-LED WORKING BREAKFASTS

Overcoming 3rd-party supplier risk

Portfolio optimisation under economic and regulatory capital constraints

Tech innovation impacting CRO strategy

XVA, credit, funding and CVA

MAIN STAGE

08:45

Welcome remarks: Staying ahead at a time of radical change

Duncan Wood, Global editorial director, Risk.net

09:00

The front office of the future

David Hudson, Head of markets execution, JP Morgan

09:30

Digital innovation and how to make it work

  • How tomorrow’s front office promises to reinvigorate bank profitability

  • Does the rise of the robots threaten bank sales and trading roles?

  • Beyond big data: the growing role of artificial intelligence and machine learning in deriving value from data

  • Talk versus action: Which tech advancements are already delivering results vs. those that are a pipe dream?

David Hudson, Head of markets execution, JP Morgan

Albert Loo, Deputy head of sales for global markets, Soc Gen

Chris Purves, Head of FRC strategic development lab, UBS

Phil Allison, VP institutional securities technology, Morgan Stanley

Moderator: Helen Bartholomew, Editor-at-large, Risk.net

10:10

New tech and new tools for risk managers

  • Fragile markets, ever increasing regulatory pressure and the digital transformation of the financial industry drive CROs' agendas

  • Besides daily risk management, the focus of CROs will be dominated by technology, smart analytics & data, standardisation & automation as well as on scalability

  • Risk strategy is defined accordingly and supplemented by a people strategy as well as risk / workforce culture – the profile of risk managers follows the digital transformation of the industry

  • Fundamental changes in risk management occurred in the years after the global financial crisis – the further transformation of the risk function ahead of us will be even more material and accelerated

Christian Bluhm, Group CRO, UBS

10:40

Regulatory insight: Libor reform

11:05

REFRESHMENT BREAK
JOIN THE LIVE RISK CONTENT PRESENTED IN THE SHOWCASE ZONE

The fintech & AI zone

11:05

Fintech that works to bring profitability, effective compliance and cost control

Senior representative, IBM

11.25

FinTech that works to bring profitability, effective compliance and cost control

Lex Sokolin, Futurist, Fintech Entrepreneur, Artist , LinkedIn Top Voice

The buy-side club room

11:05

Rethinking market impact

Rama Cont, Professor of Mathematics & Chair of Mathematical Finance, Department of Mathematics, Imperial College London

The quant common room

11:05

Deep learning approach: Machine learning to pricing options

Katia Babbar, Founder, AI Wealth Technologies

The hall of horrors

11:05

Black swans – an extinct species? The future of Emerging Risks

  • Brief definition of 'Emerging Risks'

  • Recap of ‘Emerging Risks’ from the past

  • Current trends: do we really understand the full picture and what does it mean

  • Where do we go from here?

Dominic-Victor Masny, former Emerging Risk Economist (Technical Specialist), Financial Conduct Authority

11.25

Emerging risks - what does the world look like in…

2030 – results of climate change

John Scott, Head of sustainability risk, Zurich Insurance Group

MAIN STAGE

11:50

Top 10 op risks, and how everyone can help manage op risk

  • Live expert ranking of Risk.net’s annual top 10 op risks survey:

1) Data compromise, 2) IT disruption, 3) IT failure, 4) Organisational change, 5) Theft and fraud, 6) 3rd-party risk, 7) Regulatory risk, 8) Data management, 9) Brexit, 10) Mis-selling.

Patrick Moynihan, Group Head of Operational Risk, Barclays

Michael Grimwade, Head of operational risk, ICBC Standard Bank

Other panelist tbc

Moderator: Tom Osborn, Editor, Risk.net

12:30

Machine learning: Quantum computing and risk

  • The building blocks of quantum computing & its advantages: quantum speed-up, energy efficient computation and NISQ (noisy intermediate-scale quantum) computing

  • Optimisation problems

  • Machine learning

  • Monte Carlo simulation

Alexei Kondratyev, Managing director, head of data analytics, electronic market solutions, Standard Chartered Bank

13:00

NETWORKING LUNCH

INCLUDING PRIVATE LUNCH & LEARN SESSIONS:

Effective fraud risk management frameworks

Stress testing methodology and the steps to digitising

Preparing for the transition from libor

Implementation of AI: real world applications for risk management

14:00

Changing business models for banks & NBLPs quick-fire talks

  • Non-banks are building client businesses; banks are becoming more algo-powered

  • Where are these trends leading?

  • Should banks and NBLPs view each other as rivals or partners?


14:00 Asita Anche, managing director, head of systematic market making, risk centralisation & data science, Barclays

14:15 Mark Bruce, head of FICC, Jump Trading

14:30

Banks and NBLPs: Friends or foes?

  • Are banks still best placed to be liquidity providers amid stringent capital rules?

  • How banks are working with NBLPs to deliver more efficient trading to their clients.

  • What’s the longer-term outlook for NBLPs in a changing regulatory and macro environment?

Nicola White, managing director, global COO FICC Citadel Securities

Asita Anche, managing director, head of systematic market making, risk centralisation and data science, Barclays

Mark Bruce, head of FICC, Jump Trading

Moderator: Helen Bartholomew, editor-at-large, Risk.net

Stage 1

11:50

Crisis alpha for tomorrow’s crisis panel

  • Which new offerings are going to do well when markets are stressed?

  • Performance of traditional options (e.g. trend following)

  • How to augment existing strategies

  • Cheaper ways to buy downside protection


Otto Van Hermert, Head of macro research, Man AHL

Harold de Boer, Head of research, Transtrend

Romule Nohasiarisoa, Manager research consultant – hedge funds, Mercer

12:30

The new quant investor panel: Alternative data

  • What data is available; how much value does it hold?

  • Incorporating alternative data to help pick the best investments

  • What skills are needed to process and assess new datasets effectively?

Mark Ainsworth, Head of data insights, Schroders

Javier Rodriguez-Alarcon, Head of quantitative investment, Goldman Sachs AM

Tammer Kamel, CEO & co-founder, Quandl

Rado Lipus Founder & CEO, NeuData

13:00

NETWORKING LUNCH

INCLUDING PRIVATE LUNCH & LEARN SESSIONS:

Effective fraud risk management frameworks

Stress testing methodology and the steps to digitising

Preparing for the transition from libor

Implementation of AI: real world applications for risk management

14:00

The bank of the future: DLT and smart contracts panel

  • DLT: do the problems it tackles justify it as a solution?

  • How might smart derivatives contracts interact with regulatory standards?

  • What is the optimum programming paradigm to implement DLT and smart contracts?

Todd McDonald, Co-founder, R3

Neil Mitchell, Senior product architect, Digital Asset

Greg Schvey, CEO, Axoni

Moderator: Dr Lee Braine, Investment bank CTO office, Barclays

14:30

The diversification potential of alternative beta strategies

  • Finding diversifying, positive expected return liquid alternatives to improve portfolios

  • What are the credentials of alternative risk premia strategies as a diversifying investment?

Luc Dumontier, Partner & head of factor investing, LFIS

Antti Suhonen Professor of practice in finance, Aalto University School of Business

Nick Baltas, Head of R&D of the systematic trading strategies, Goldman Sachs

Stage 2

11:50

New post-trade paradigm: How to slash the industry’s post-trade bills

  • How essential are distributed ledgers to achieve post-trade synchronisation?

  • Can the industry afford to wait for a consensus on common standards?

  • What benchmarks should the success of the CDM be judged against?

Bill Stenning, Managing director, Societe Generale

Julien Eyre, Business development, Delta Capita

Andres Choussy, Head of trade and portfolio management, Traiana

Arjun Jayaram, Founder & CEO, Baton Systems

Moderator: Jean-Marc Eber, CEO, LexiFi

12:30

Putting Symphony into action

  • Streamlining workflows and building a bespoke sales and trading desktop

  • Successfully ramping up development of applications and bots that connect symphony

Cindy Amar, Head of flow sales APAC, Natixis

13:00

NETWORKING LUNCH

INCLUDING PRIVATE LUNCH & LEARN SESSIONS:

Effective fraud risk management frameworks

Stress testing methodology and the steps to digitising

Preparing for the transition from libor

Implementation of AI: real world applications for risk management

14:00

Preparing for transition case studies

  • How transition has impacted world leading firms

  • Current status of RFR transition plans


14:00 Nabil Owadally, Portfolio manager, EMEA, BMO Global AM

14:15 Shaun Kennedy, Group treasurer, Associated British Ports

14:30

What could go wrong in libor reform?

  • Operational challenges of moving to new rates

  • How term risk-free rates will develop across different markets

  • When is the right time to move to discounting?

Edward Ocampo, Advisory director, Quantile Technologies

Jasper Lillingston, Director, treasury, EBRD

Nabil Owadally, Portfolio manager, EMEA, BMO Global AM

Marc Henrard Head of quantitative research, OpenGamma

Moderator: Nazneen Sherif, Associate technical editor, Risk.net

How To

11:50

How to: Build a term risk-free rate

  • What's worked

  • What's been improved

  • Hopes for the future

Tim Bowler, President, ICE

12:30

How to: Manage complex products in a complex world

  • The evolution of structured notes, their historic popularity and competitive perspective

  • How to manage the complexity of hedging notes, accounting for volatility spikes and correlation moves

  • Approaches to dealing with the electronification of the market and multi-dealer platforms

Ilja Faerman, Vice President and Head of Client Solutions Group, Numerix

Other panelists tbc

13:00

NETWORKING LUNCH

INCLUDING PRIVATE LUNCH & LEARN SESSIONS:

Effective fraud risk management frameworks

Stress testing methodology and the steps to digitising

Preparing for the transition from libor

Implementation of AI: real world applications for risk management

14:00

How to: Get an edge in index investing expert panel

  • The future of indexing in fixed income

  • Implementation challenges for index funds

Antonello Russo, Director, risk & quantitative analysis, BlackRock

Joseph Molloy, Global head of index and systematic strategies HSBC Asset Management

14:30

How to: Leverage machine learning to minimise market impact quick-fire talk

  • Optimal microstructure trading and reinforcement learning

  • Reinforcement learning for optimal algorithm (or "policy") and the search for the optimal Bellman value function

  • Data, machine learning and optimal value function

Gordon Ritter, CEO & founder, Ritter Alpha

15:00

REFRESHMENT BREAK
JOIN THE LIVE RISK CONTENT PRESENTED IN THE SHOWCASE ZONE

The fintech & AI zone

15:00

Harnessing the transformative power of AI

Houssein Sharif, Head of blockchain, cryptocurrencies and fintech, Newcastle Business School

The buy-side club room

15:00

How to: Benchmark your readiness for the FRTB and learn from first movers

Speaker tbc

The quant common room

15:00

15:05 Promises & pitfalls of deep learning

Lukasz Szpruch & Blanka Horvath, Researchers, The Alan Turing Institute


15:25 Announcement of the winner of The Risk Live 2019 Quant Quiz Challenge

The hall of horrors

15.00

The Role of Climate Change in Risk

Gary Killick, Manager, Emerging Risk, Prudential plc

15:20

Emerging risks - what does the world look like in……


2050 – impact of AI on industry and society

Speaker tbc

MAIN STAGE

15:50

The future of intelligence, ethics and data

An exclusive insight into how to implement AI. Dr Montgomery will share lessons from the healthcare sector that can be applied to the financial services industry, providing Risk Live’s audience with unique approaches to leveraging AI in risk management and risk transfer.

Dr Hugh Montgomery, Professor of intensive care, UCL, senior clinical advisor, Google DeepMind

16:35

Keynote presentation: Tomorrow’s CRO

Edward Fishwick, MD, Global co-head of risk & quantitative analysis, BlackRock

17:00

Closing Remarks

17:10

RISK LIVE NETWORKING DRINKS & CHAMPAGNE ROUNDTABLES

Join our expert roundtables in order to mingle and debate with speakers over a drink, making sure you benefit from their practical tips on:

1) How to mitigate Cyber risk

2) Libor transition: What could go wrong?

3) Data ethics

4) The importance of data in risk management

5) Conduct risk

Women in risk drinks reception: join diversity and inclusion leaders and dissect how the support of women in risk can translate into diversity of thought, a competitive advantage and new business opportunities

19:30

Close of Risk Live 2019

Join the pre-event summits

26 June 2019
2019-06-26 08:00:00 +0100

 

Model Risk Management Summit | 26 June

Liquidity & Funding Risk Summit | 26 June