Welcome and Opening Remarks

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

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

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

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• Striking the right balance: past data is obsolete – future data is difficult to find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    

Enterprise-Wide Stress Testing Across Risk Categories

• Lessons from the recent market turmoil
• 99.97% confidence level...means what?
• Stress testing that supplements VaR
• VaR vs. Stress testing – divergent relationship among different risk categories
• Limitation of silo approach in risk management
• In search of a future ‘unforeseen’ crisis (not against the current ‘already seen’ crisis!)

Tsuyoshi Oyama, Director, PricewaterhouseCoopers

14:35

Organizational and Communication Structures for Optimal ERM 

• Enterprise-wide sharing of risk strategies
• Strategy link to processes and organizational structures
• Ownership and information alignment

Sanjeev Sinha, Director, New Business Group, UBS Investment Bank, Japan

15:10

Economic Capital Optimization - Approching the 'Efficient Frontier' 

Charles Richard, Co-Founder, QRM

15:45

Refreshment break

16:15

Effective Strategies in Achieving Integrated Financial Risk Managemetn in a Non-Financial Corporation 

• Risk governance structure
• Framework for corporate wide financial management, risk policy and guidelines guidance
• Line management integration strategies
• Setting and implementing the risk responsibility matrix

Nor Adila Ismail, Financial Risk Management (FRM) Department, PETRONAS Group Treasury Division

16:50

Effectively Aligning Operational Risk with Other Functions in Financial Institutions - Overcoming the Complexities and Challenges 

• Similarities and differences
• Risk versus internal audit, compliance and other internal controls
• Risk awareness: the soil for effective risk management

Torsten Battenberg, Head of Risk, Fidelity International, Asia Pac

17:30

End of Convention