Welcome and Opening Remarks

Richard Apostolik, President and CEO, Global Association of Risk Professionals

09:05

Lessons Learned from the US Subprime Fallout – Assessing the Challenges Ahead and the Positive Contribution of Risk Managers

Yiu-Kwan Choi, Deputy Chief Executive Officer, Hong Kong Monetary Authority

09:40

Intelligence at Risk

• Reducing strategy risk by aligning performance metrics with corporate strategy
• Creating an entrepreneurial culture while valuing sharing of intelligence
• Embracing collaborative work-techniques
• Focus on implementation
• Cultivating ‘Return on Intelligence’

Rahul Gupta, Senior Managing Executive Officer, Chief Financial Officer, Shinsei Bank

Effective Risk Management - How to Keep Your Business Focused

Risk management is critical for the long term success of any financial services firm and everyone knows it. However most business managers got to where they are by focusing on the bottom line – or even the top line. How do you, as a risk manager, get the business to give adequate focus to something that is critical but not necessarily urgent?

• Understanding the business's motivation and priorities
• Strategies for getting the business's attention
• Strategies for making your point quickly – get in and out without any damage
• Strategies for being a team player and not the "Risk Politzi"
• The value of positioning your message – "Spin" is not a bad word

David Nichols, Executive Director, Chief Administration Officer, Morgan Stanley Investment Management, Japan

How Bad Can it Get? Estimating Expected Losses and Fair Value of Structured Finance Securities Under Stress Scenarios

• Rationale for stress testing structured securities
• Developing meaningful stress scenarios
• Constructing structural models to derive impairment and prepayment forecasts|
• Stress testing individual claims of a capital structure
• Estimating expected loss and fair value

Praveen Varma, Global Managing Director, Moody’s Analytics Consulting Services Group

12:10

Risk Management– Would We Be Better Off With a Crystal Ball?

• Assessing the accuracy of using mathematical models in risk management
• Striking the right balance: past data is obsolete – future data is difficult to find
• To what extent are the outcomes of your decisions in your own hands?
• Laws of nature are predictable

Robert Scanlon, Group Chief Credit Officer, Standard Chartered Bank

14:00    

Panel Discussion 

Effective operational risk, governance, compliance – all immeasurable and unmanageable risks?

14:35

Estabilishing and Building a Culture of Operational Risk Awareness 

• Evolution of operational risk awareness
• Environmental factors
• The carrot vs the stick approach
• Communication and training – the what, who and how?

Camela Chan, Head of Operational Risk Management, ING Investment Management Asia/Pacific

15:10

Assessing the Role and Responsiblity of the Regulators and the Regulated in Financial Risk Management in Asia 

• The purpose of regulation
• What should be considered?
• Key concerns of regulatory risk management
• Risk management consistency and coordination
• Working example: review of regulations and the implications in Asia

Barkis Ip, Director of Regional Operational Risk Management, Asia ex-Japan and Korea, AIG Companies

15:45

Refreshment break

16:15

Effective Risk Aggregation

• Correlation between risk categories
• “Intelligent” stress testing
• Cyclicality in major risk categories

Yakov Lantsman, Managing Director, Operational Risk Advisory, BPS

16:50

Anti Money Laundering (AML), Counter Terrorist Financing (CTF) and Know Your Customer (KYC)

• Latest regulatory developments in Hong Kong and Asia Pacific
• Future challenges - regulatory compliance vs. value-adding to bottom line
   - Data and information, people, process, systems, time

Daniel Au, Country Anti Money Laundering Officer, Deutsche Bank Hong Kong

17:30

End of Convention