RiskMinds USA

Register By March 18th, 2011 & SAVE Up To The 2nd Annual
$2100
GUEST ACADEMIC ADDRESS
GLOBAL ECONOMIC OUTLOOK
BEHAVIORAL FINANCE INSIGHTS
USA
www.riskmindsusa.com 2011
Robert Jarrow Ronald P. & Susan E. Lynch Professor of Investment Management JOHNSON GRADUATE SCHOOL OF MANAGEMENT, CORNELL UNIVERSITY & Director Of Research KAMAKURA CORPORATION
Zanny Minton-Beddoes Economics Editor THE ECONOMIST
Didier Cossin Professor Of Finance & Governance IMD
For The Latest Speaker, Programme & Event News Follow Us On
RiskMinds USA @RiskMinds #RMUS RiskMinds TV
Setting The Agenda For The Future Of Risk Management In The New Market & Regulatory Environment
Credit Risk Market Risk Operational Risk Liquidity Risk Stress Testing ERM Capital Management Modelling Strategic Risk Management
Hear From Over 30 Leading Global CROs Including:
Hilary Ackermann Chief Risk Officer & Chief Credit Officer GOLDMAN SACHS BANK USA
Richard Goulding Group Chief Risk Officer STANDARD CHARTERED
Martha Cummings Chief Risk Officer SANTANDER
Maureen Miskovic Group Chief Risk Officer UBS
Aaron Brown Chief Risk Officer AQR CAPITAL
Enrico Dallavecchia Chief Risk Officer PNC FINANCIAL SERVICES GROUP
Jacques Longerstaey Chief Risk Officer STATE STREET GLOBAL ADVISORS
Jackson Gomes Risk Director BANCO ITA UNIBANCO
What Makes Ri$kMinds USA 2011 The Must-Attend Event For All Leading Risk Practitioners?
Paige Wisdom Chief Enterprise Risk Officer FREDDIE MAC Ken Winston Chief Risk Officer WESTERN ASSET MANAGEMENT
NEW FOR 2011 5 Whole Days Of The Latest Innovations In Bank, Insurance & Investment Risk Management Hear insights into stress testing, credit risk, liquidity risk, regulation, risk technology and much more. NEW FOR 2011 The CRO Thought Leadership Forum Hear insights from 30+ CROs, plus leading academics and economists, as they discuss the key strategic risk issues. Plus MORE Speakers, MORE Sessions And MORE New Research Learn from 100+ leading risk practitioners, regulators & academics. Plus MORE Time To Network & Benchmark Your Risk Experiences Discuss key issues with 350+ global risk practitioners in informal sessions such as Meet The Speaker lunch tables, champagne roundtables and networking cocktail receptions.
David Watts Chief Risk Officer WESTPAC NEW ZEALAND
Peruvemba Satish Chief Risk Officer ALLSTATE INVESTMENTS
Insights From Key Supervisors
100+ Leading Risk Practitioners & Academics
Nellie Liang Director OFFICE OF FINANCIAL STABILITY POLICY & RESEARCH
Mitsutoshi Adachi Chair, SIG Operational Risk Subgroup BASEL COMMITTEE & Deputy Division Chief BANK OF JAPAN
Viral Acharya Professor Of Finance NEW YORK UNIVERSITY STERN SCHOOL OF BUSINESS
John Hull Maple Financial Professor Of Derivatives & Risk Management UNIVERSITY OF TORONTO
Dont Miss 5 Brand New Workshops & Summits

June 13, 2011 (See p.2 for details)
The Global Risk Regulation Summit

David Lynch Manager, Quantitative Risk Management Section FEDERAL RESERVE BOARD Mike Carhill Director, Enterprise Risk Analysis Division OFFICE OF THE COMPTROLLER OF THE CURRENCY
Hear senior regulators and industry practitioners discuss the latest changes in financial regulation, including Dodd Frank and Basel III, and the impact they will have on risk management. June 13, 2011 (See p.4 for details)
Strategic Risk Management For Insurance Summit

Hear market leaders examine Solvency II and share best practice on economic capital modeling, ALM, managing extreme events and operating in a low interest rate environment June 17, 2011 (See p.4 for details)
Andrew Abrahams Managing Director, Head Of Quantitative Research & Firm-wide Model Oversight JP MORGAN CHASE
Andreas Gottschling Global Head Of Risk Analytics & Instruments, Global Head Of Operational Risk Management DEUTSCHE BANK
Global Risk Regulation Summit: June 13, 2011 Main Conference: June 14-16 2011 Post-Conference Workshops: June 17, 2011 Buyside Summit: June 17, 2011 Insurance Summit: June 13, 2011 Westin Boston Waterfront, Boston, MA, USA
Principal Knowledge Partner
The Buyside Risk Management Summit

Hear leading asset mangers share new research on stress testing, managing liquidity, data aggregation, the impact of price on risk and generating returns in the new regulatory environment June 17, 2011 (See p.4 for details)
Counterparty Credit Risk Modelling Workshop

Led by: R2 FINANCIAL TECHNOLOGIES, UNIVERSITY OF WATERLOO & THE FEDERAL RESERVE BOARD June 17, 2011 (See p.4 for details)
Fundamentals Of Risk Management Workshop

Led by: John Hull, Maple Financial Professor Of Derivatives & Risk Management UNIVERSITY OF TORONTO
Evan Picoult Managing Director, Risk Architecture CITI & Adjunct Professor COLUMBIA BUSINESS SCHOOL
Henry Hu Allan Shivers Chair In The Law Of Banking & Finance, UNIVERSITY OF TEXAS LAW SCHOOL
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To register: Tel: 888.670.8200 (US) or +1 941.951.7885 (Intl) Fax: +1 941.365.2507 Email: register@iirusa.com For latest agenda and to register: www.riskmindsusa.com
THE GLOBAL RISK REGULATION SUMMIT

Monday June 13, 2011
08.00 08.25 Registration & Welcome Coffee Chairmans Introductory Welcome Andres Portilla, Deputy Director, Regulatory Affairs, IIF 07.45 08.00 08.25
Ri$kMinds USA 2011 Main Conference Day 1
CRO THOUGHT LEADERSHIP FORUM 2011

Tuesday June 14, 2011
NEW
The CRO Breakfast Briefing - strictly by invitation only

Registration & Welcome Coffee Chairmans Opening Welcome Hamid Samandari, Director, MCKINSEY & COMPANY
THE NEW REGULATORY LANDSCAPE FOR GLOBAL FINANCIAL SERVICES

Identifying & Regulating Systemically Important Financial Institutions (SIFIs)
08.30 Assessing The Progress Towards Reducing The Moral Hazard Posed By Systemically Important Financial Institutions Nellie Liang, Director, OFFICE OF FINANCIAL STABILITY POLICY AND RESEARCH
SPECIAL GUEST ECONOMIC ADDRESS

08.30 Recovery, Demand, Employment, Growth & Economic Policy: Assessing The Global Economic Outlook Zanny Minton-Beddoes, Economic Editor, THE ECONOMIST

09.05
Resolving the Too Big To Fail Challenge

Living Wills, Bail-Ins, Special Resolution Regimes & Cross-Border Crisis Management Consistent Interpretation & Implementation: Is It Possible To Create A Level Playing Field Across Borders, Entities & Industries Andreas Gottschling, Global Head Of Risk Analytics & Instruments, Global Head Of Operational Risk Management, DEUTSCHE BANK Q&A & Audience Round Up Morning Coffee
09.10
Robert Jarrow, Ronald P. & Susan E. Lynch Professor Of Investment Management JOHNSON GRADUATE SCHOOL OF MANAGEMENT, CORNELL UNIVERSITY & Director Of Research, KAMAKURA CORPORATION
09.35
A NEW BUSINESS MODEL FOR BANKING?

09.50 How Can We Create A Value Proposition To Ensure The Future Sustainability Of The Global Banking Industry In The New Economy? Maureen Miskovic, Group Chief Risk Officer, UBS Morning Coffee
10.20 10.30
10.30
EXAMINING THE NEW CAPITAL & LIQUIDITY REQUIREMENTS

11.00 Basel III: Defining The Scope & Nature Of The New Capital Ratios Mark Ginsberg, Risk Expert OFFICE OF THE COMPTROLLER OF THE CURRENCY 11.00
RISK CULTURE
Effusing A Culture Of Risk Management Throughout The Business & Ensuring Joint Accountability & Ownership Of Risk Between The Business & Risk Managers Martha Cummings, Chief Risk Officer, BANCO SANTANDER
BASEL III: INSIDE THE NEW PROVISIONS FOR LIQUIDITY MANAGEMENT & REGULATION
11.35 How Will The New Liquidity Package Impact Bank Business & What Will Regulators Require? Marc Saidenberg, Senior Vice President, Financial Sector Policy & Analysis, Bank Supervision Group, FEDERAL RESERVE BANK OF NEW YORK 11.30
THE CRO THINKTANK I CREATING A HOLISTIC RISK MANAGEMENT FRAMEWORK

How Can Different Risk Functions Be Integrated To Create An Enterprise-Wide View Of Risk? Hilary Ackermann, Chief Risk Officer & Chief Credit Officer GOLDMAN SACHS BANK USA Stuart Lewis, Deputy Chief Risk Officer, DEUTSCHE BANK Paige Wisdom, Chief Enterprise Risk Officer & Executive Vice President FREDDIE MAC Gilbert Kohnke, Chief Risk Officer & EVP, Group Risk Management, OCBC BANK CRO CHALLENGE & COMMENT SESSION With Electronic Polling Lunch & Networking Break: Meet The Speaker VIP Lunch Tables
THE GLOBAL REGULATORY THINKTANK II Ensuring Pillar 2 Adds Value

12.10 How Can Regulators Assess Risk Culture? How Can We Ensure Basel III Leads To Better Quality Of Management? Christian Lajoie, Head Of Group Supervision Issues, BNP PARIBAS Fang Du, Executive Vice President, RBS CITIZENS FINANCIAL GROUP Dominique Bourrat, Managing Director, RISK DYNAMICS Evan Sekeris, Assistant Vice President, Bank Supervision & Regulation Department FEDERAL RESERVE BANK OF RICHMOND Q&A & Audience Round Up Networking Lunch & Meet The Regulators VIP Roundtables 12.10 12.30
12.50 13.00
BEHAVIOURAL FINANCE INSIGHTS

14.00 Risk Best (& Worst) Practices On Boards Didier Cossin, Professor Of Finance & Governance, IMD
UNRAVELLING CENTRAL CLEARING

14.10 Understanding The Scope, Exemptions, & The Intended (& Unintended) Consequences Of Central Clearing Craig Pirrong, Professor Of Finance BAUER COLLEGE OF BUSINESS, UNIVERSITY OF HOUSTON 14.30
THE NEW FINANCIAL ZEITGEIST AND BANK RISK MANAGEMENT

Defining The New Role Of The CRO & How They Can Add Value In The New Austere Environment David Watts, Chief Risk Officer, WESTPAC NEW ZEALAND
TRADING BOOK RULES

14.45 Valuation, Capital & Risk Management: Exploring The Impact Of Regulatory Changes & The Fundamental Review For The Trading Book Ahmet Yetis, Director, BARCLAYS CAPITAL 15.10
THE CRO THINKTANK II RISK APPETITE

Articulating & Setting Risk Appetite, Embedding It Throughout The Organisation & Operationalising Into Actionable Risk Guidelines Richard Goulding, Group Chief Risk Officer, STANDARD CHARTERED Joan Mohammed, Senior Vice-President, Central Risk Solutions, BANK OF MONTREAL Tom Donahoe, Global CRO, ALADDIN CAPITAL HOLDINGS Aaron Brown, Chief Risk Officer, AQR CAPITAL CRO CHALLENGE & COMMENT SESSION With Electronic Polling Afternoon Tea Risk and Regulation: Assessing The Implications Of The Changing Capital & Liquidity Requirements Tony Santomero, Senior Advisor, MCKINSEY & COMPANY Kevin Buehler, Director, MCKINSEY & COMPANY Ben Ellis, Principal, MCKINSEY & COMPANY Human Perception, Uncertainty & Systemic Failures: The Challenges For Risk Management & Modelling Sanjay Sharma, Chief Risk Officer, Global Arbitrage & Trading, RBC CAPITAL MARKETS
TRADING IN THE NEW ENVIRONMENT

15.20 Understanding What The Volcker Rule Means For Banks, Market Liquidity & Risk-Taking Across The Market David Lynch, Manager, Quantitative Risk Management Section FEDERAL RESERVE BOARD Q&A & Audience Round Up Afternoon Tea
15.50 16.10
16.00 16.10
MODEL VALIDATION CHALLENGES

16.40
16.40
Examining A New Approach To Risk Management Audit: Independent Model Validation

Dominique Bourrat, Managing Director, RISK DYNAMICS Remuneration & Risk-Taking Incentives: Practice & Regulation Mark Carey, Adviser, Division Of International Finance FEDERAL RESERVE BOARD 17.10
17.15
PRACTITIONER CHALLENGE & COMMENT SESSION

The Cumulative Impact Of Regulation, Regulatory Burden & Second Order Impacts: Will Regulatory Changes Make The World Safer? Barbara Frohn, Managing Director, Advisor To The CEO, GRUPO SANTANDER Andreas Gottschling, Global Head Of Risk Analytics & Instruments, Global Head Of Operational Risk Management, DEUTSCHE BANK Christian Lajoie, Head Of Group Supervision Issues, BNP PARIBAS Evan Picoult, Managing Director, Risk Architecture, CITI & Adjunct Professor COLUMBIA BUSINESS SCHOOL Q&A & Chairmans Closing Remarks
THE CRO THINKTANK III RISK GOVERNANCE

Setting The Right Tone At The Top Risk Governance, Non-Executive Oversight & The Relationship Between The Board Of Directors & The CRO: How Can We Create A More Effective & Accountable Risk Management Function? Enrico Dallavecchia, Chief Risk Officer, PNC FINANCIAL SERVICES GROUP Jackson Gomes, Risk Director, BANCO ITA UNIBANCO Robert E. Lewis, Formerly Chief Risk Officer, AIG Ken Winston, Chief Risk Officer, WESTERN ASSET MANAGEMENT Yury Dubrovsky, Managing Director, Chief Risk Officer, LAZARD ASSET MANAGEMENT CRO CHALLENGE & COMMENT SESSION With Electronic Polling
17.50
17.40
18.20
Champagne Roundtables
Table 1 Mark Carey FEDERAL RESERVE BOARD Table 2 Christian Lajoie BNP PARIBAS Table 3 Dominique Bourrat RISK DYNAMICS Plus More Sessions TBC
18.20
NEW
18.30 Table 1 David Watts WESTPAC NEW ZEALAND 19.10 19.00 Join Us For The Networking Drinks Reception
CRO Strategy & Practive Roundtables

Table 2 Enrico Dallavecchia PNC FINANCIAL SERVICES Table 3 Jackson Gomes BANCO ITA UNIBANCO Table 4 Stuart Lewis DEUTSCHE BANK
"The Best Place To Hear The Latest Research & Thinking In Risk Management!"
Eduardo Epperlein, Managing Director, NOMURA INTERNATIONAL
19.10
Table 5 Joan Mohammed BANK OF MONTREAL
Table 6 Didier Cossin IMD
Table 7 Aaron Brown AQR CAPITAL
Join Us For The Networking Drinks Reception
To Promote Yourself To This Fantastic Audience Contact In the UK Rustum Bharucha on +44 (0) 20 7017 7225 or rbharucha@icbi.co.uk In The US Kim Griffiths + 1 646 616 7638 kgriffiths@iirusa.com To Register: tel: +1 888 670 8200 or +1 941 951 7885 fax: +1 941 365 2507 email: register@iirusa.com For the latest program or to register: www.riskmindsusa.com
INNOVATIONS IN STRATEGIC & PRACTICAL RISK MANAGEMENT

Wednesday June 15, 2011
08.00 08.25 Registration & Welcome Coffee Chairmans Opening Welcome Charles Richard, Senior Vice President, QRM 08.00 08.35

Thursday June 16, 2011
Registration & Welcome Coffee Chairmans Opening Remarks
SPECIAL GUEST ACADEMIC ADDRESS

08.40 Dodd-Frank & Keeping Up With Innovation Henry Hu, Allan Shivers Chair In The Law Of Banking & Finance UNIVERSITY OF TEXAS LAW SCHOOL

08.30 Guaranteed To Fail: Fannie Mae, Freddie Mac & The Debacle Of Mortgage Finance Viral Acharya, Professor Of Finance, NEW YORK UNIVERSITY STERN SCHOOL OF BUSINESS
GLOBAL CREDIT MARKET OUTLOOK

09.10 Examining The Future Outlook For Credit Markets & The Implications For Funding Strategies & Business Models Robert McAdie, Global Head Of Credit Research & Strategy, BNP PARIBAS Managing Risk In IT & Operations Hamid Samandari, Director, MCKINSEY & COMPANY Morning Coffee Stream A Modelling & Integrating Credit & Market Risk Stream B Capital & Liquidity Modelling, Measurement & Management Stream C Innovations In Risk Management Systems & Technology Stream D Strategic Risk Management In The New Regulatory Environment The Survival Guide To The Black Swan World: How To Build A Robust Tail Risk Management Framework To Survive The Next Black Swan Event Evgueni Invantsov HSBC 10.00 09.10
THE RI$KMINDS 2011 FINANCIAL MINDS THINKTANK

Determining The New Blueprint For Financial Engineering Quantitative Models Vs Qualitative Judgement: Is there Room For Both Approaches In The New Risk World? Enrico Piotto, Managing Director, UBS Evan Picoult, Managing Director, Risk Architecture, CITI & Adjunct Professor COLUMBIA BUSINESS SCHOOL John Hull, Maple Financial Professor Of Derivatives & Risk Management UNIVERSITY OF TORONTO Morning Coffee Stream A Modelling & Integrating Credit & Market Risk Chaired by: Vivek Wadhwa MCKINSEY & COMPANY Stream B New Advances In Stress Testing & Model Risk Assessing The Progress Towards Developing Enterprise-Wide Stress Tests For A More Holistic Picture of Portfolio Risk: A Supervisors View Mike Carhill OFFICE OF THE COMPTROLLER OF THE CURRENCY ENTERPRISE-WIDE STRESS TESTING Developing A Robust Enterprise-Wide Stress Testing Framework: Understanding How Scenarios Will Impact The Bank As A Whole Ludger Overbeck COMMERZBANK Stream C The Latest Thinking In Operational & Business Risk Operational Risk & The Recent Financial Crisis: A Basel Perspective Mitsutoshi Adachi BASEL COMMITTEE & BANK OF JAPAN Stream D Cutting-Edge Innovations In Investment Risk Management ROLE OF RISK MANAGEMENT Practical Approaches To Developing Effective Buyside Risk Management Tom Donahoe ALADDIN CAPITAL HOLDINGS BUYSIDE STRESS TESTING Designing A Buyside Stress Testing Programme To Facilitate Smart Risk-Taking At The Portfolio Level Jacques Longerstaey STATE STREET GLOBAL ADVISORS
09.40 10.30
10.40
Challenges & Opportunities In The Integration Of Market & Credit Risk Andrew Abrahams JP MORGAN
NEW RESEARCH
NEW RESEARCH
EXTENDED SESSION Price Risk Vs. Value Risk Evan Picoult CITI & COLUMBIA BUSINESS SCHOOL
Examining The Implications Of The New Regulatory Proposals On Bank Risk Management Systems
More Credit With Fewer Crises 10.30 Max Neukirchen MCKINSEY & COMPANY
11.20
EXTENDED SESSION Masterclass On Managing CVA Jon Gregory SOLUM FINANCIAL PARTNERS
Examining New Techniques For Managing The IT RISK APPETITE Overheads Of Dynamic Connecting Risk Appetite To Risk Management: Strategic Planning, Policies, Governance & Business Do GPUs Offer Decision-Making An Efficient Way To Joe Rizzi Perform Simulations? CAPGEN Stuart Burns BARCLAYS CAPITAL Best Practice In Managing Risk Appetite Andres Portilla IIF
11.10
CENTRAL COUNTERPARTIES Managing & Capitalising Exposure To Central Counterparties Ahmet Yetis BARCLAYS CAPITAL
Implications Of The Recent & Upcoming Regulatory Changes For Operational Risk Philippa Girling MORGAN STANLEY
12.00
Efficiently Managing Putting Economic Capital Increasing Volume Of The Data At The Heart Of The Used Enterprise: The Commercial Being Produced, Risk & Required By Value Of Legal Entity Management Processes & Economic Capital Regulators Thorsten Lauterbach Suresh Jayaraman BARCLAYS CAPITAL MORGAN STANLEY
Risk Management In Private Equity 11.50 Ken Abbott MORGAN STANLEY
12.40 12.50
Q&A & Audience Round Up CVA, Wrong-Way Risk & Basel III
Q&A & Audience Round Up Q&A & Audience Round Up Q&A & Audience Round Up Lunch + Meet The Speaker VIP Lunch Tables Today's Three R's Of Banking: Risk, Return & Regulation Darryll Hendricks UBS Managing Capital: New Regulations, New Constraints & New Incentives Rick Hamilton PNC FINANCIAL SERVICES Implementing An Effective Risk Culture Marcus Cree SUNGARD THE RI$KMINDS USA 2011 TECHNOLOGY SHOWCASE Topics To Include: New Techniques For Making Monte Carlo More Efficient
14.10
David Saunders UNIVERSITY OF WATERLOO Examining Ways Of Integrating CVA Into Counterparty Credit Risk Capital Models Michael Pykhtin FEDERAL RESERVE BOARD
Optimum Balance Sheet Positioning For PostRecessionary Times James Costa PNC FINANCIAL SERVICES
Exploring How Boundaries Between Op Risk & Other Risk Factors Are Blurring: MACROECONOMIC How Have Recent Market STRESS TESTING Events Impacted How Designing Effective Stress We Now View & Manage Tests To Model How Op Risk? Macroeconomic Factors Patrick De Fontnouvelle Will Impact Your Portfolio FEDERAL RESERVE BANK Enrico Piotto UBS OF BOSTON Marcelo Cruz MORGAN STANLEY
TALKING ERM Defining The Optimal Blend Of ERM For Finance And Risk Management, Where Does One Begin And The Other End? Lori Evangel METLIFE
12.30 12.50
Q&A & Audience Round Up
Q&A & Audience Round Up Q&A & Audience Round Up Q&A & Audience Round Up Lunch + Meet The Speaker VIP Lunch Tables REVERSE STRESS TESTING Constructing Bottom-Up & Top-Down Scenarios To Test What Will Break The Bank Evan Sekeris FEDERAL RESERVE BANK OF RICHMOND EMERGING RISK Developing An Emerging Risk Program That Enables Effective Identification Of Emerging Risks, Assesses Probability Of Impact And Facilitates Business Decision-Making Brenda Boultwood CONSTELLATION ENERGY Can The Risk Of Currency & Correlation Volatility Be Managed By Customizing The Existing Risk Management Framework Or Does It Require A Paradigm Shift In Risk Management Infrastructure? Maurizio Ferconi BLACKROCK
Dont Let A Good Crisis Go To Waste! Nancy Loucks STATE STREET
Pricing Corporate Loans & Revolving Credit Lines 14.00 Terry Benzschawel CITI
14.50
Strategies For Building A System To Aggregate Risk Across The Enterprise To Provide A Holistic View Of Risk & Meet Regulatory Requirements
15.30
Afternoon Tea Developing Integrated Economic Capital Models That Better Recognise Correlations Between Risk Factors Aurele Houngbedji IFC ALM & TREASURY RISK Innovative Risk Modelling Techniques For ALM: Developing New Models For More Accurate Risk Measurement In The New Paradigm Andreas Bohn DEUTSCHE BANK
16.00
Market-Implied Default Probabilities Terry Benzschael CITI
Examining The Limits Of Current IT & Information Management Technology: Balancing The Cost & Benefit Of Spending On Internal Infrastructure
Improving Operational Efficiency: Assessing The Value Of Outsourcing & Offshoring
SYSTEMIC RISK How To Avoid Making Regulation Counterproductive? A Dual Responsibility For Banks & Regulators To Get It Right Barbara Frohn GRUPO SANTANDER
14.40
CREDIT PORTFOLIO MANAGEMENT Better Understanding The Risk Profile Of Your Credit Portfolio & How Market Events Will Impact It? Anders Wulff-Andersen UBS
Achieving Credit Stress Test Consistency Across Global Businesses: Theory & Practice Jorge Sobehart CITI
QUANTIFYING OP RISK Overcoming The Limits Of LDA Models: Assessing The Progress Towards More Responsive & Transparent Second Generation Models Marcelo Cruz MORGAN STANLEY
16.40
IRC MASTERCLASS Session I Overcoming The Challenges Of Modelling The Incremental Risk Charge Mark Staley TD BANK Session II Credit Correlation & Concentration Modeling Peter Dobranszky BNP PARIBAS
Exploring The Opportunities Technological Advances Offer For Improved Risk Measurement & Management
LIVING WILLS Designing & Implementing Coherent Recovery & Resolution Plans Martyn Hoccom RBS
15.20
Advanced Techniques For Valuing & Measuring The Risk Of Structured Finance Portfolios Dan Rosen R2 FINANCIAL TECHNOLOGIES & UNIVERSITY OF TORONTO
RCSA MANAGING & Designing A Process For Ensuring The Risk & QUANTIFYING MODEL The Introduction Of New Control Self-Assessment RISK: (RCSA) Remains Relevant, Products, Processes And How Can We Design A Activities That Adequately Effective & Worthwhile: Framework To Measure & What Lessons Do Previous Factors In Enterprise Wide Manage Model Risk? Failures In Risk Implications How Much Capital Should Management Have Sarah Collins We Allocate To Uncertainty To Teach Us? THE DREYFUS Around Models? Chris Thompson CORPORATION ACCENTURE Afternoon Tea PORTFOLIO ANALYSIS Integrating Macro-Economic Date With Models For Forward Looking Portfolio Analysis James Purnell KENMAR ALTERNATIVE ASSET PORTFOLIOS Combining Fundamental Factor Analysis With Qualitative Evaluation Of The Macro Environment For Effective Risk Management Of Alternative Asset Class Portfolios
17.20
LIQUIDITY STRESS TESTS Overcoming The Challenges To Building Effective Liquidity Stress Tests & Preparing For Idiosyncratic & Systemic Liquidity Shocks Steve Lindo FIFTH THIRD BANCORP
Would You Like To Showcase Your Thought Leadership To This Audience? Please contact Rustum Bharucha on +44 (0) 20 7017 7225 rbharucha@icbi.co.uk or Kim Griffiths + 1 646 616 7638 kgriffiths@iirusa.com for more details
16.00 CONTINGENT CAPITAL Examining The Potential Market Impact Of The Current Regulatory Proposals Surrounding Contingent Capital Donna Howe HIMCO
16.30
NEW RESEARCH
Innovations In Risk Culture Alexis Krivkovich MCKINSEY & COMPANY
EXTENDED SESSION The Evaluation Of CVA & DVA Risk John Hull UNIVERSITY OF TORONTO
18.00
Q&A followed by Chairmans Q&A followed by Chairmans Q&A followed by Chairmans Q&A followed by Chairmans closing remarks closing remarks closing remarks closing remarks Networking Champagne Roundtables
Table 1: Rick Hamilton PNC FINANCIAL SERVICES Table 5: Evan Sekeris FEDERAL RESERVE BANK OF RICHMOND
17.10
Using Shifted Distributions In Computing Operational Risk Capital Ilya Rozenfeld CITIZENS BANK
18.40
Table 2: Marcelo Cruz MORGAN STANLEY
Table 3: Martyn Hoccom RBS
Table 4: Terry Benzschael CITI
17.50 19.10 Networking Drinks Reception 18.00
Q&A followed by Chairmans closing remarks
Q&A followed by Chairmans Q&A followed by Chairmans closing remarks closing remarks End Of Day 3
Ri$kMinds USA 2011
Ri$kMinds USA 2011
STRATEGIC RISK MANAGEMENT FOR INSURANCE SUMMIT

08.00 08.25 Registration & Welcome Coffee Chairmans Introductory Welcome 08.25 08.30
THE BUYSIDE RISK MANAGEMENT SUMMIT

Friday June 17, 2011
Registration & Welcome Coffee Chairmans Opening Remarks
MANAGING RISK IN THE NEW ECONOMIC ENVIRONMENT

PROACTIVE BUYSIDE RISK MANAGEMENT
09.00 Creating A Culture That Promotes Proactive Risk Management As A Key Determinant In The Portfolio Management Process Philip Best, Chief Risk Officer, THREADNEEDLE
MANAGING RISK IN THE NEW ECONOMIC ENVIRONMENT

OPERATING IN A LOW INTEREST ENVIRONMENT
08.30 Assessing The Impact Of Low Interest Environment On Risk Management Of Insurance Companies David K Ingram, Chief Risk Officer, WILLIS RE
GENERATING RETURNS IN THE NEW REGULATORY ENVIRONMENT

09.30 Where Is The Next Opportunity/ Arbitrage With Good Risk Adjusted Returns? Marc Galligan, Chief Risk Officer, ZAIS GROUP
09.10
KEYNOTE PRESENTATION Reinventing Risk Management In A Large Insurance Company

Moving From An Asset Allocation To Strategic Risk Allocation Approach For A New Strategic & Tactical Approach To Risk Management Peruvemba Satish, Managing Director & Chief Risk Officer, ALLSTATE 10.00
NEW RESEARCH
Examining The Impact Of Price On Risk
Aaron Brown, Chief Risk Officer, AQR CAPITAL
NEW FOUNDATIONS FOR STRESS TESTING STRESS TESTING OF STRUCTURED PRODUCTS

09.50 Latest Developments In Stress Testing Of Structured Products (RMBS, CMBS & Credit Related) By Ratings Agencies & The Anticipated Impact On Insurers Pricing, Capitalization & Management Of Risk Morning Coffee 10.30 Incorporating Key Macro Trends Into Risk & Valuation Models Dave Williams, Senior Director, S&P VALUATION AND RISK STRATEGIES Morning Coffee
11.00
10.30
RISK MANAGEMENT OF INVESTMENT PORTFOLIOS

ROLE OF RISK MANAGEMENT
11.30 Practical Approaches To Developing Effective Buyside Risk Management Jacques Busquet, Chief Risk Officer, NATIXIS US CORPORATE AND INVESTMENT BANKING
SPECIAL FOCUS ON THE NEW GLOBAL REGULATORY FRAMEWORK

ESTABLISHING A COMMON GLOBAL REGULATORY FRAMEWORK
11.00 Developing A Common Framework For Evaluating Internationally Active Insurance Carriers David Sandberg, Vice President & Corporate Actuary, ALLIANZ LIFE
DATA AGGREGATION
12.00 Data Aggregation Across Multi Manager Alternative Asset Portfolios R. Kelsey Biggers, Managing Director Of Risk Management, K2 ADVISORS
SOLVENCY II & BEYOND

11.40
MEASURING MARKET RISK

12.30
Progress In Granting Solvency II Equivalency To The US, Predicting The Regulatory Framework For Carriers & An Update On The Solvency Modernization Initiative (SMI) NAIC
Choosing The Tools & Developing The Processes - The Art & Science Of Market Risk Management
Mark Connors, Head Of Fixed Income Risk, DIAMONDBACK CAPITAL MANAGEMENT, LLC
REGULATORY RISK AND IMPACT ON MARKETS & BUSINESS ACTIVITIES

12.20 Developing A Collaborative Risk Management Environment To Stay Abreast Of Regulatory Change & Its Impact On Markets & Business Activities Mark Abbott, Managing Director, Head Of Quantitative Risk Management GUARDIAN LIFE Networking Lunch & Meet The Speaker Roundtables
13.00
Networking Lunch & Meet The Speaker Roundtables
FOCUS ON LIQUIDITY RISK MANAGEMENT

SPECIAL ACADEMIC ADDRESS ON LIQUIDITY RISK
14.00 What Happens When Liquidity Dries Up? Professor Mila Getmansky Sherman, Assistant Professor Of Finance ISENBERG SCHOOL OF MANAGEMENT, UNIVERSITY OF MASSACHUSETTS AMHERST
13.00
SPECIAL FOCUS ON ECONOMIC CAPITAL

IMPLEMENTING ECONOMIC CAPITAL EFFECTIVE DECISION MAKING
14.10 Implementing EC Models To Facilitate Effective Decision Making Including New Product Evaluation, Profitability Decisions & M&A Valuations Al Schulman, VP, Enterprise Risk & Capital Modeling, NATIONWIDE 14.30 15.00
MODELLING ILLIQUID EVENTS

Measuring And Managing The Risk Of Complex Illiquid Portfolios And Events Afternoon Tea
14.50
Practical Implications Of Implementing ERM Using Advanced Replicating Portfolio, Response Surface Analysis & Advanced Copula Techniques QRM
STRESS TESTING FOR ASSET MANAGERS

15.30 Determining Appropriate Scenarios And Parameters To Stress Test Investment Portfolios And Enable Smart Risk Taking At The Portfolio Level Attilio Meucci, Chief Risk Officer, KEPOS CAPITAL & Adjunct Professor - Master's in Financial Engineering, BARUCH COLLEGE, CUNY
MARKET VALUE ACCOUNTING

15.30
Managing The Implications Of Market Value Accounting On Insurance Carriers When Reporting To Regulatory Authorities & Shareholders William Hines, Chairman Of The Financial Reporting Committee AMERICAN ACADEMY OF ACTUARIES
Afternoon Tea
OPTIMIZING RISK TAKING

16.00 Developing A Risk Management Platform That Effectively Evaluates Macro Events To Facilitate Efficient And Effective Risk Taking Across An Investment Portfolio Steven Posner, Risk Manager, IKOS The RiskMinds USA Buyside Champagne Roundtables
16.10
16.30
DYNAMIC HEDGING
16.40 Using Dynamic Hedging To Manage The Risks Of Guaranteed Minimum Withdrawal Benefit Products (GMWB) That Take Into Account The Dynamic Nature Of The Underlying Product Michael Angelina, Chief Actuary & Chief Risk Officer ENDURANCE SPECIALTY HOLDINGS LTD
ASSET LIABILITY MANAGEMENT FOR INSURERS

17.20 Latest Innovations In Managing Tail Liabilities Of Longer Term Liabilities John Manistre, Formerly Vice President, GROUP RISK AEGON USA
The First Risk Minds USA Conference Was Excellent. Given The Outstanding Quality Of The Annual Risk Minds Conference In Geneva, I Look Forward To Attending Future Risk Minds USA Conferences As Well.
Evan Picoult, Managing Director, Risk Architecture, CITI & Adjunct Professor COLUMBIA BUSINESS SCHOOL
MANAGING EXTREME EVENTS

18.00 What Else Besides EC Is Needed To Manage Extreme Events? David Sandberg, Vice President & Corporate Actuary, ALLIANZ LIFE other speakers to be announced
18.30
In-Depth Technical Workshops - Friday June 17, 2011

9am - 5pm 9am - 5pm
Innovations In Counterparty Credit Risk Modelling

Led by: Michael Pykhtin, FEDERAL RESERVE BOARD Dan Rosen, R2 FINANCIAL TECHNOLOGIES & UNIVERSITY OF TORONTO David Saunders, UNIVERSITY OF WATERLOO The recent financial crisis has highlighted the need for accurately measuring, managing and mitigating Counterparty Credit Risk (CCR). This workshop discusses the evolution of CCR measurement, the latest techniques, as well as the key issue and challenges to implement an effective CCR program in the aftermath of the crisis and in the context of new Basel III regulation. Workshop Agenda: An introduction to counterparty credit risk Modeling Counterparty Credit Exposures Pricing and Hedging CCR Calculating Economic and Basel III Capital For CCR Summarising the key findings & practical take-away
The Fundamentals Of Risk Management

Led by: John Hull, Maple Financial Professor of Derivatives and Risk Management JOSEPH L. ROTMAN SCHOOL OF MANAGEMENT, UNIVERSITY OF TORONTO The Credit Crisis The credit crisis The key lessons: securitization, tail risk, incentives, the role of models, liquidity risk, transparency, etc The Regulatory Response Basel 2.5 Basel III Legislation from national governments

Extensions of the standard historical simulation approach Extreme value theory Stressed VaR Regulatory requirements
Market Risk VaR vs expected shortfall
Credit Risk Default probabilities: Real world vs risk-neutral probability measures The expected cost of counterparty defaults: CVA and DVA What copulas are and how they are used Regulatory requirements.
AboutYourW or kshop Leaders

Mi chaelPykhti is responsible for carrying out policy analysis and independent research related to financial markets, risk management and regulation n of financial institutions. Prior to joining the FRB in 2009, Michael had had a successful nine-year career as a quantitative researcher at Bank of America and KeyCorp. Michael has edited Counterparty Credit Risk Modelling published by Risk Books in 2005. He is also a contributing author to several , recent edited collections. Michael has extensively published in the leading industry journals. He is an Associate Editor of the Journal of Credit Risk. Michael holds a Ph.D. degree in Physics from the University of Pennsylvania. Dr Rosen acts as an advisor to institutions around the world and lectures extensively on valuation of structured finance and derivatives; counterparty . credit risk; risk management; and economic and regulatory capital. He has authored numerous risk management and financial engineering publications, and serves on the editorial board of several industrial and academic journals. Prior to founding R2 in 2006, he was at Algorithmics, where had responsibility for variety of functions including research and financial engineering, strategy and business development, and product marketing. In 2010, Dr. Rosen was inducted a fellow of the Fields Institute for Research in Mathematical Sciences. He holds a Ph.D. from the University of Toronto.
Davi Saunders is an Assistant Professor in the Department of Statistics and Actuarial Science at the University of Waterloo, and a Senior Research d Consultant at R2 Financial Technologies. He is the author of many articles on the subjects of risk management, portfolio optimization and derivatives pricing. Dr. Saunders holds a Ph.D. in Mathematics from the University of Toronto, and is a Research Fellow of the HERMES European Centre of Excellence on Computational Finance and Economics at the University of Cyprus, and the Waterloo Institute for Quantitative Finance and Insurance at the University of Waterloo. John Hul an internationally recognized authority on derivatives and has many publications in that area. Recently his research has been concerned lis with credit risk, executive stock options, volatility surfaces, market risk, and interest rate derivatives. He was, with Alan White, one of the winners of the Nikko-LOR research competition for his work on the Hull- White interest rate model. He has written three books Risk Management and Financial Institutions (new this year), "Options, Futures, and Other Derivatives" (now in its sixth edition) and "Fundamentals of Futures and Options Markets" (now in its fifth edition). The books have been translated into many languages and are widely used in trading rooms throughout the world. He has won many teaching awards, including University of Toronto's prestigious Northrop Frye award, and was voted Financial Engineer of the Year in 1999 by the International Association of Financial Engineers.
Global Risk Regulation Summit Strategic Risk Management For Insurance Summit
Global Risk Regulation Summit Monday June 13, 2011
UNDERSTANDING THE IMPACT OF NEW FINANCIAL REGULATION, INCREASED CAPITAL REQUIREMENTS & THE NEW SUPERVISORY LANDSCAPE FOR RISK MANAGEMENT
08.00 08.25 Registration & Coffee 11.40 14.50
Basel III: Inside The New Provisions For Liquidity Management & Regulation How Will The New Liquidity Package Impact Bank Business & What Will The Regulators Require?
Marc Saidenberg, Senior Vice President, Financial Sector Policy & Analysis, Bank Supervision Group FEDERAL RESERVE BANK OF NEW YORK
Marc R. Saidenberg heads the financial sector policy & analysis function. Mr. Saidenberg rejoined the Bank in November 2008. Most recently, Mr. Saidenberg worked for Merrill Lynch & Company where he served as a Managing Director. 12.20
TRADING BOOK RULES

Valuation, Capital & Risk Management: Exploring The Impact Of Regulatory Changes & The Fundamental Review For The Trading Book
Ahmet Yetis, Director BARCLAYS CAPITAL
Ahmet is the regulatory and Basel II strategist at Barclays Capital in New York. He advises clients on regulatory developments and capital management. Prior to joining Barclays, Ahmet spent three years in Japan advising Asian banks on capital management. Ahmet is an engineer and holds an MBA degree from Carnegie Mellon University. 15.30
measurement, implementation and use of Economic Capital. Evan joined Citibank in 1980 in systems development, transferred to a trading desk in 1986 and has worked in internal risk management since 1988. He has led the development of the methods used at Citi for measuring market risk and counterparty credit risk. He is a frequent lecturer on risk topics at professional conferences, regulatory conferences and at universities and has published a number of articles on risk topics.
Christian Lajoie, Head Of Group Supervision Issues, BNP PARIBAS

Bio available above 18.30
THE GLOBAL REGULATORY THINKTANK II

ENSURING PILLAR 2 ADDS VALUE
Trading In The New Environment

David Lynch, Manager, Quantitative Risk Management Section, FEDERAL RESERVE BOARD
David Lynch is Manager of the Quantitative Risk Management Section of the Federal Reserve Board. He provides oversight of trading model approvals for the Federal Reserve System and has served as the Basel II Qualification team leader for trading activities. Prior to joining the Federal Reserve, David was a financial economist in the Broker Dealer Finance section of the Securities and Exchange Commission. David holds a PhD in Economics from the University of Maryland. 16.10 16.40 Afternoon Tea
Chairmans Opening Address

Andres Portilla, Deputy Director, Regulatory Affairs, IIF
08.30
How Can Regulators Assess Risk Culture? How Can We Ensure Basel III Leads To Better Quality Of Management?
Fang Du Executive Vice President RBS CITIZENS FINANCIAL GROUP
Fang leads the Division of Risk Capital, Reserve and Portfolio Management, which includes Basel II Program Management Office, Risk Data Platform, Reserves, Portfolio Analytics, Economic Capital, Stress Testing, Quantitative Analytics, and Risk Reporting. Prior to joining the RBS CFG Risk, Fang spent more than six years at Banking Supervision & Regulation in the Board of Governors of the Federal Reserve and has led numerous Basel II related projects. She brings extensive experience related to economic capital, commercial and consumer risk rating system design, stress testing, enterprise-wide risk management, pillar II, counterparty risk, securitization qualification and quantitative methods, as well as many other key risk disciplines. Before working at the Fed, Fang spent seven years in various risk leadership positions at FleetBoston, four years as an adjunct professor at the University of Rhode Islands Business School and was a Visiting Assistant Professor at the Rutgers University. Fang received her M.S. and Ph.D. in economics from the University of Massachusetts, Amherst and B.S. in mechanical engineering from the Tianjin Polytechnic University. Fang is a frequently invited speaker in domestic and international risk conferences and seminars.
Strategic Risk Management For Insurance Summit Monday June 13, 2011
08.00 08.25 Registration & Welcome Coffee
Identifying & Regulating Systemically Important Financial Institutions (SIFIs): Assessing The Progress Towards Reducing The Moral Hazard Posed By Systemically Important Financial Institutions
Nellie Liang, Director OFFICE OF FINANCIAL STABILITY POLICY AND RESEARCH
Nellie Liang is the Director of the newly established Office of Financial Stability Policy and Research. The office will bring together economists, banking supervisors, markets experts, and others in the Federal Reserve who will be dedicated to supporting the Board's financial stability responsibilities. The office will develop and coordinate staff efforts to identify and analyze potential risks to the financial system and the broader economy. It will also support the supervision of large financial institutions and the Board's participation on the Financial Stability Oversight Council. Liang joined the Board in 1986, acting most recently as a senior associate director in the Division of Research and Statistics. In that role, she has led a group of economists focused on the intersection of economics and finance, including oversight of capital markets, financial institutions, consumer finance, and financial flows. Liang was a key participant in crafting the Federal Reserve's response to the financial crisis and helped lead the Supervisory Capital Assessment Program, or bank stress tests, which helped increase public confidence in the banking system in 2009. Liang has a Ph.D. in economics from the University of Maryland and an undergraduate degree in economics from the University of Notre Dame. 09.10
Chairmans Introductory Welcome

08.30
MODEL VALIDATION CHALLENGES

Examining A New Approach To Risk Management Audit: Independent Model Validation
What is the best approach to risk management audit? Why is risk management audit critical: Lessons learnt from the crisis? Which are the key focus points of regulators and supervisors? Which are the possible operating models and their pros/cons? Which are the key components of an end-to-end validation methodology?
OPERATING IN A LOW INTEREST ENVIRONMENT

Assessing The Impact Of Low Interest Environment On Risk Management Of Insurance Companies
David K Ingram, Chief Risk Officer, WILLIS RE
Dave is a member of Willis Res Value Based Capital Management team based in New York. Value Based Capital Management offers insurers a practical way to use ERM to identify specific actions and strategies that will enhance the value of their firm. Dave was previously the Senior Director, ERM in the Insurance Ratings Group of Standard and Poors, New York. In that position, he spearheaded S&Ps initiative to incorporate ERM as one of the primary ratings criteria and the development of the framework for reviewing economic capital models. Dave has authored over 40 published articles relating to ERM. His paper "Risk and Light" won the 2009 Best Practical Paper award at the ERM Symposium. He has been the founder and Chair of the SOA Risk Management Task Force and the first Chair of the 3000 member Joint SOA/CAS/CIA Risk Management Section. He is a member of the board of ERM-II. He founded the International Network of Actuarial Risk Managers. Dave is a graduate of Lehigh University. 09.10
Christian Lajoie Head Of Group Supervision Issues BNP PARIBAS

Mr. Christian Lajoie has been working for BNP Paribas since 1973. Throughout his career, he has held various executive positions both in businesses and central functions. He currently reports to the Group Executive Committee.
Dominique Bourrat, Managing Director RISK DYNAMICS Bio available above

17.20
Remuneration & Risk-Taking Incentives: Practice & Regulation

Mark Carey, Adviser, Division Of International Finance THE FEDERAL RESERVE BOARD
Mark Carey is Adviser in the Division of International Finance at the Federal Reserve Board in Washington, DC. He is also co-director of the National Bureau of Economic Researchs Risks of Financial Institutions Working Group, which is a mixed group of academics and financial professionals that focuses on risk management at financial firms. He was a founding-father of Basel 2, and though he is a research economist, he has frequently worked closely with bank examiners. He has written a lot of technical papers about credit risk and also about corporate debt and corporate finance. His Ph.D in economics is from Berkeley and his undergraduate degree in economics is from Oberlin College. 18.00
Dominique Bourrat Managing Director RISK DYNAMICS

Dr. Dominique Bourrat has a PhD in Mathematical Sciences Nuclear Physics from ULG Belgium and University of Montreal Canada. She has over 20 years of extensive experience in the field of risk management applied to the financial world. After having developed mathematical models for the CERN in Geneva, giving rise to international publications, she joined the dealing room of Paribas to develop risk management and hedging models in the derivatives market. She then enriched her skills at INSEAD before joining MasterCard to set up and manage its European Risk Management centre. Later, she led Fortis cross-risk modelling department towards Basel II compliance. As a founder of Risk Dynamics and industry expert, she now focuses on supporting major financial institutions in leveraging their Pillar II and economic capital strategy, interfacing with regulators and facilitating roundtables around the globe.
KEYNOTE PRESENTATION
REINVENTING RISK MANAGEMENT IN A LARGE INSURANCE COMPANY
Resolving the Too Big To Fail Challenge: Living Wills, Bail-Ins, Special Resolution Regimes & Cross-Border Crisis Management
Speaker t bc 09.50
Moving From An Asset Allocation To Strategic Risk Allocation Approach For A New Strategic & Tactical Approach To Risk Management
Dr. Peruvemba Satish Managing Director & Chief Risk Officer, ALLSTATE
Peruvemba Satish is the chief risk officer at Allstate Investments, LLC, overseeing $100 billion investments in fixed income, equities and alternative strategies. He has held senior leadership positions in the areas of research, portfolio management, and risk management for over 15 years. Satish joined Allstate from Jamison Capital Partners, where he was CRO responsible for portfolio construction and risk management of commodity and macro strategies. Earlier, he was a partner and the CRO at DKR Capital Partners LP Prior to joining DKR, Satish . was director of risk management at Soros Fund Management. Satish received his PhD in Finance from the University of Texas at Austin and is also a CFA charter holder. 09.50
Consistent Interpretation & Implementation: Is It Possible To Create A Level Playing Field Across Borders, Entities & Industries?
Andreas Gottschling Global Head Of Risk Analytics & Instruments, Global Head Of Operational Risk Management, DEUTSCHE BANK
Dr. Andreas Gottschling assumed the role of Global Head of Risk Analytics and Instruments at Deutsche Bank in 2005 and is responsible for all Credit, Counterparty, Operational and VaR Analytics for the Group. Prior to this he was Head of Quantitative Analysis at Deutsche Bank Research responsible for all internal econometric and mathematical modeling activities as well as external model assessment. 10.30 Morning Coffee 11.00
Evan Sekeris, Assistant Vice President, Bank Supervision & Regulation Department FEDERAL RESERVE BANK OF RICHMOND
Evan Sekeris is a member of the Supervision and Regulation Department focusing on the internal risk modeling and capital allocation at large banking organizations. His current research interests are in asset pricing with particular emphasis on the role of information on the cross section of assets and in operational risk. 13.00 14.10 Networking Lunch
PRACTITIONER CHALLENGE & COMMENT SESSION

Second Order Impacts, Regulatory Burden & The Cumulative Impact Of Regulation: Will Regulatory Changes Make The World Safer?
Barbara Frohn, Managing Director GRUPO SANTANDER
Barbara Frohn acts as personal advisor to the groups CEO focusing in particular on the Santanders European operations and integration projects, regulatory and supervisory issues as well as all matters pertaining to Risk. Before that, she headed up the Global Internal Validation team within the Risk Division. In addition, Barbara Frohn represents Grupo Santander in various international forums and is advisor to the European Parliament. Preceding her move to Madrid, Barbara fulfilled during 15 years of employment at ABN AMRO various roles in a.o. Global Relationship Management, Energy Finance, Asset Securitisation & managing the Basel II Knowledge Center.
STRESS TESTING OF STRUCTURED PRODUCTS

Latest Developments In Stress Testing Of Structured Products (RMBS, CMBS & Credit Related) By Ratings Agencies & The Anticipated Impact On Insurers Pricing, Capitalization & Management Of Risk
Speaker t bc 10.30 11.00 Morning Coffee
UNRAVELLING CENTRAL CLEARING

Understanding The Scope, Exemptions, & The Intended (& Unintended) Consequences Of Central Clearing
Craig Pirrong Professor Of Finance BAUER COLLEGE OF BUSINESS, UNIVERSITY OF HOUSTON
Dr. Pirrong joined the Bauer College faculty after teaching at the Michigan Business School, the Graduate School of Business of the University of Chicago, the Olin School of Business at Washington University in St. Louis, and Oklahoma State University. He worked in private industry for Lexecon, Inc. and GNP Commodities, and has also done consulting for OM, Warenterminbrse, Deutsche Terminbrse, Eurex, the Winnipeg Commodity Exchange, the New York Mercantile Exchange, the Chicago Board of Trade, the Chicago Stock Exchange, several electric utilities, and the FHLBB. His research focuses on the economics of derivatives markets and risk management. He has a PhD, an MBA, and a BA from the University of Chicago.
Basel III: Defining The Scope & Nature Of The New Capital Ratios
Mark Ginsberg, Risk Expert OFFICE OF THE COMPTROLLER OF THE CURRENCY
Mark has worked for over 20 years in bank regulation, including six years in regulatory capital policy. Over the past three years, he has worked on Basel Committee groups addressing the response to the credit crisis (Basel III) in the areas of eliminating or mitigating cliff effects and negative incentives on the use of credit ratings, revising the Basel securitization framework, revising the definition of capital, and evaluating the possible role of contingent capital in regulatory capital. He has worked on U.S. rulemakings involving the implementation of Basel II advanced approaches and regulatory capital rules to address FAS 166 and FAS 167. He is currently working on U.S. rulemakings required under Dodd Frank to remove and replace references to credit ratings from U.S. bank agency rules and to remove transitional floors from Basel II advanced approaches.
Andreas Gottschling, Global Head Of Risk Analytics & Instruments, Global Head Of Operational Risk Management DEUTSCHE BANK
Bio available above
ESTABLISHING A COMMON GLOBAL REGULATORY FRAMEWORK

Developing A Common Framework For Evaluating Internationally Active Insurance Carriers
Dave Sandberg, Vice President & Corporate Actuary, ALLIANZ LIFE
Dave Sandberg (MAAA, FSA, CERA) is a VP and Corporate Actuary at Allianz Life and was the appointed actuary for LifeUSA Insurance Company, a major writer of deferred and equity indexed annuities, where he worked from 1989 until LifeUSAs purchase by Allianz Life in 1999. Additional responsibilities have included GAAP & Statutory Reporting,
Evan Picoult is a Managing Director within Citis Risk Architecture Department as well as an Adjunct Professor in the Decision, Risk and Operations Department of Columbia Universitys Business School. Over the last few years he has focused on firm-wide projects regarding Basel II, stress testing and the enhancement of the
DAY 1
MAIN CONFERENCE DAY ONE
The Ri$kMinds USA CRO THOUGHT LEADERSHIP FORUM

serves as appointed actuary for several insurance companies domiciled in the US and Bermuda. William has served on numerous committees of the American Academy of Actuaries (AAA) and the International Actuarial Association (IAA) concentrating on financial reporting issues. He previously chaired the AAA's IFRS task force and currently serves as chair of the Financial Reporting Committee which focuses on financial reporting issues affecting all insurance practice areas. From 2001 to 2010 he also served as the AAA representative to the IAAs insurance accounting committee. 16.10 16.40 Afternoon Tea Latin American finance, global finance and Central Asia. MintonBeddoes joined The Economist in 1994 after spending two years as an economist at the International Monetary Fund (IMF). Before joining the IMF, she worked as an adviser to the Minister of Finance in Poland, as part of a small group headed by Professor Jeffrey Sachs of Harvard University. Minton-Beddoes has written extensively about the American economy and international financial policy. She has published in Foreign Affairs and Foreign Policy, and has testified before Congress on the introduction of the euro. Minton-Beddoes is a regular commentator on Marketplace (NPR). She has also appeared on CNN, MacNeil-Lehrer Newshour, CNBC, and Public Interest. She is a trustee of the Carnegie Endowment for International Peace and a member of the Research Advisory Board of the Committee for Economic Development. 09.10 included working as Program Advisor for the Wharton Executive Education and assisting in business development for a private equity fund. She has served as Risk Manager for the North and South American capital markets operations of Banco Santander and was responsible for the review, structuring and approval of local and cross-border capital market transactions throughout Latin America as well as workouts of problem loans. Prior to joining Banco Santander, Ms. Cummings was Head of Equity Capital Markets for Latin America at Bankers Trust. Ms. Cummings has also worked with Citibank in Mexico. Ms. Cummings holds an MBA from the Wharton School and an MA in International Studies Ms. Cummings serves as co-chair of the Advisory Board of the Wharton Fellows Program. 11.30
Crediting Rate & Investment Strategies, Experience Analysis Government Relations and Reinsurance. In addition, Dave is the President Elect for the American Academy of Actuaries. Over the past decade, he has participated in and/or chaired Academy committees, task forces, and work groups that addressed financial reporting, risk and solvency topics for life, health and P&C business, life product issues, systemic risk issues, and risks facing Public Pension plans. He has also been the Vice-Chair of the International Actuarial Associations Insurance Regulation Committee and currently chairs their ComFrame Task Force to recommend concepts for the regulation of internationally active companies. His personal and professional interests over the last several years have focused on furthering the application of emerging corporate ERM best practices to topics such as the guaranteed retirement income market, the regulation of that market as well as the application of ERM principles to systemic risk regulation. 11.40
DYNAMIC HEDGING
Using Dynamic Hedging To Manage The Risks Of Guaranteed Minimum Withdrawal Benefit Products (GMWB) That Take Into Account The Dynamic Nature Of The Underlying Product
Michael Angelina, Chief Actuary & Chief Risk Officer, ENDURANCE SPECIALTY HOLDINGS LTD
Michael Angelina joined Endurance as its Chief Actuary in June 2005. Mr. Angelina is an Associate of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. Mr. Angelina graduated from Drexel University with a B.S. in Mathematics, and began his actuarial career with CIGNA in the workers compensation and actuarial research units. Mr. Angelina then joined Tillinghast in 1988 where he participated in the development of Tillinghast's excess of loss pricing system and its Global Loss Distributions initiative, as well as numerous client assignments, with a focus on reinsurance companies. Mr. Angelina worked for one year for Reliance Reinsurance Corp. as a Vice President and Actuary prior to returning to Tillinghast in 2000. Mr. Angelina is the co-author of Tillinghast's industry-wide asbestos actuarial study and participated in the development of the 2003 FAIR Act (proposed Federal asbestos legislation). 17.20

Risk Management Models (Misuses & Abuses)
Types of model assumptions (robust and critical) How to test a model Types of models (theoretical and statistical) Common errors in calibration Problems with vega hedging
SOLVENCY II & BEYOND

Assessing The Progress In Granting Solvency II Equivalency To The US, Predicting The Regulatory Framework For Carriers & An Update On The Solvency Modernization Initiative (SMI)
Speaker tbc, NAIC
12.20
THE CRO THINKTANK I CREATING A HOLISTIC RISK MANAGEMENT FRAMEWORK

How Can Different Risk Functions Be Integrated To Create An Enterprise-Wide View Of Risk?
Hilary Ackermann, Chief Risk Officer & Chief Credit Officer, GOLDMAN SACHS BANK USA
Hilary is chief risk officer and chief credit officer of Goldman Sachs Bank USA. She is a member of the Banks Management Committee and serves on the Banks Risk Committee, New Activities Committee, Community Investments Committee and Finance Subcommittee. Hilary is chairman of the Bank's Credit Subcommittee as well as the Banks Operational Risk Committee and serves as co-chair of the Bank's Middle Market Loan Committee. She is also a member of the Firmwide Capital Committee and Credit Policy Committees. In addition, Hilary chairs the Firmwide Operational Risk Committee. Prior to assuming her current role in 2008, she was a managing director in the Credit Risk Management and Advisory Department, where she focused on managing credit risk across numerous FICC products and Latin America, and provided rating advisory services to clients in the natural resources, utilities and renewable energy industries. Hilary joined Goldman Sachs in 1985 as an associate in the Credit Department and was named managing director in 2002. Prior to joining the firm, Hilary worked as the assistant department head for Credit at Swiss Bank Corp. Hilary serves on the Board of Directors of BRIC Arts/Media/Bklyn. Hilary earned a BS in Russian from Georgetown University in 1977.
Developing A Collaborative Risk Management Environment To Stay Abreast Of Regulatory Change & Its Impact On Markets And Business Activities
Mark Abbott, Managing Director, Head Of Quantitative Risk Management, GUARDIAN LIFE
Mark C. Abbott, PRM, is Managing Director, Investments, and head of Quantitative Research, ALM and Risk Management for Guardian Life Insurance Company of America. He is responsible for quantitative strategy, measurement, management and attribution of active portfolio exposures and performance relative to their respective benchmarks for all of Guardian's financial products and general account and ALM for the fixed annuity business. Mark has 21 years of experience and previously managed several prominent institutional risk management and quantitative relationships at BlackRock, Barra, Global Advanced Technology, Drexel Burnham Lambert and Merrill Lynch. Mark has served on the Board of Directors of the Professional Risk Managers International Association (PRMIA) since their first election (Fall 2002) and was reelected (Fall 2003) for a 3 year term expiring Fall 2006; he Chairs the Regional Director Committee and serves on the New York Steering Committee. Mark has Professional Risk Manager (PRM) certification from PRMIA. 13.00 14.10 Networking Lunch & VIP Roundtables
Robert Jarrow Ronald P & Susan E. Lynch Professor . Of Investment Management JOHNSON GRADUATE SCHOOL OF MANAGEMENT, CORNELL UNIVERSITY & Director Of Research KAMAKURA CORPORATION
Robert Jarrow is the Ronald P and Susan E. Lynch Professor of . Investment Management at the Johnson Graduate School of Management, Cornell University and director of research at Kamakura Corporation. Professor Jarrow is a co-creator of both the Heath-Jarrow-Morton model for pricing interest rate derivatives and the reduced form credit risk models employed for pricing credit derivatives. In commodities, his research was the first to distinguish between forward/futures prices, and he is the creator of the forward price martingale measure. These tools and models are now the standards utilized for pricing and hedging in major investment and commercial banks. He has been the recipient of numerous prizes and awards including the CBOE Pomerance Prize for Excellence in the Area of Options Research, the Graham and Dodd Scrolls Award, and the 1997 IAFE/SunGard Financial Engineer of the Year Award. He is on the advisory board of Mathematical Finance a journal he co-started in 1989. He is also an associate or advisory editor for numerous other journals and serves on the board of directors of several firms and professional societies. He is currently both an IAFE senior fellow and a FDIC senior fellow. In 2009 he was the winner of Risk Magazines Lifetime Achievement Award. He is included in both the Fixed Income Analysts Society Hall of Fame and the Risk Magazines 50 member Hall of Fame. He has written four books, including the first published textbooks on both the Black Scholes and the HJM models, as well as over 155 publications in leading finance and economic journals. 09.50
ALM FOR INSURERS

Latest Innovations In Managing Tail Liabilities Of Longer Term Liabilities
John Manistre, Formerly Vice President GROUP RISK AEGON USA
Currently based in Baltimore Md. John Manistre has over 30 years of actuarial experience in the US and Canadian life insurance industries. For the last 10 years he has been heavily involved in enterprise risk management issues with a focus on economic capital and fair value financial reporting for life insurers. John holds BMath, MMath and PhD degrees in applied mathematics and has earned the FSA and CERA designations from the Society of Actuaries. 18.00
Stuart Lewis, Deputy CRO DEUTSCHE BANK

Stuart was appointed Chief Credit Office and Deputy Chief Risk Officer in December 2006. Before assuming his current function, Stuart held the role of Global Head of Loan Exposure Management Group (LEMG) since July 2005. Prior to this, from July 2003, Stuart headed the European function of LEMG.
Implementing Economic Capital Models To Facilitate Effective Decision Making Including New Product Evaluation, Profitability Decisions & M&A Valuations
Al Schulman, VP Enterprise Risk & , Capital Modeling, NATIONWIDE
Albert (Al) J. Schulman is Vice President Enterprise Risk and Capital Management at Nationwide. Al began working at Nationwide in 1982 in Corporate Finance where he worked on Nationwides first strategic planning, net present value and capital models. In subsequent assignments he served as Controller of Nationwides New England agency operations and Nationwides western direct marketing operations. In 1997 Al led the initial development of Nationwides Corporate Development function, and in the following years he led a number of acquisition and divestiture teams. In 2000 he served as one of the leaders in the development of Nationwides RAROC and economic capital modeling capabilities, as well their dynamic financial analysis and ALM capabilities. In 2006 Al joined Enterprise Risk Management, where he has led the risk and capital modeling group. In this capacity he has been instrumental in developing investment portfolio benchmarks for Nationwides Property/Casualty companies, developing risk and capital metrics, and building Nationwides model validation capabilities. 14.50
MANAGING EXTREME EVENTS

What Else Besides EC is Needed To Manage Extreme Events?
Dave Sandberg, Vice President & Corporate Actuary, ALLIANZ LIFE
18.30
A NEW BUSINESS MODEL FOR BANKING?

How Can We Create A Value Proposition To Ensure The Future Sustainability Of The Global Banking Industry In The New Economy?
Maureen Miskovic Group Chief Risk Officer UBS
Maureen Miskovic was appointed Group Chief Risk Officer (CRO) and member of the GEB in January 2011. From 2008 to 2010, she served as Chief Risk Officer of State Street Corporation, Boston, as well as a member of the firms Senior Executive Management Committee and chair of its Major Risk Committee. From 2002 to 2007, she was Chairperson of Eurasia Group, a New York City-based political risk research and consulting company developing the firms brand as the political risk advisor for institutional and foreign direct investors. Between 1996 and 2002, Ms. Miskovic was the Chief Risk Officer for Lehman Brothers and from 1995 to 1996 she worked as the European Treasurer for Morgan Stanley. Prior to that, she was Group Risk Manager and Treasurer for SG Warburg & Co. Ms. Miskovic received a bachelors degree in Russian and German from Kings College, London University. She was born on 25 April 1957 and is a British citizen. 10.30 11.00 Morning Coffee
Paige Wisdom, Chief Enterprise Risk Officer & Executive Vice President, FREDDIE MAC
Paige Wisdom was appointed Freddie Macs chief enterprise risk officer in April 1, 2010, and is a member of the company's senior leadership team, reporting directly to the CEO. In this role, Wisdom is responsible for providing the overall leadership, vision and direction for enterprise risk management and leads an integrated risk management framework for all aspects of risk across the company. Previously, Wisdom served as Freddie Mac's Business Unit CFO, and earlier in her career held senior finance and risk-management positions with Bank of America, Bank One Corporation/J P Morgan, UBS/Warburg Dillon Read, Citibank Salomon Smith Barney, and Swiss Bank Corporation. She holds a Master of Business Administration from The University of Chicago's Graduate School of Business and a Bachelor of Science in math and computer science from the University of Illinois, Chicago.
Main Conference Day 1 CRO Thought Leadership Forum Tuesday June 14, 2011
07.45
Gilbert Kohnke, Chief Risk Officer & EVP Group Risk Management , OCBC BANK
Gilbert Kohnke is CRO and EVP Group Risk , Management at OCBC Bank in Singapore, covering credit, market, liquidity and operational risk aspects of the bank. A Canadian citizen, he has 23 years experience in the banking industry, initially in Canada with the last 14 years working overseas in New York, London and Singapore. His career has covered a broad spectrum of banking activities, including leveraged loans origination, trading room credit and international credit risk approval and securitization. 12.10
Practical Implications Of Implementing ERM Using Advanced Replicating Portfolio, Response Surface Analysis & Advanced Copula Techniques
RP and RSM Explained Benefits and disadvantages ERM case study including key steps for a successful implementation Speaker tbc, QRM 15.30
The CRO Breakfast Briefing

Strictly by invitation only. Contact mhoughton@icbi.co.uk for more details
08.00 08.25 Registration & Coffee
RISK CULTURE
Effusing A Culture Of Risk Management Throughout The Business & Ensuring Joint Accountability & Ownership Of Risk Between The Business & Risk Managers
Attracting and keeping good talent, developing future risk managers AND business professionals with a strong risk orientation and understanding Thoughts and tools to develop talent and enhance risk management Bridging the compensation and culture gap between Risk and Business
CRO Challenge & Comment Session

12.30 Networking Lunch
Chairmans Opening Address

08.30
Including Meet The Speaker VIP Lunch Tables
Managing The Implications Of Market Value Accounting On Insurance Carriers When Reporting To Regulatory Authorities & Shareholders
William Hines, Chairman Of The Financial Reporting Committee AMERICAN ACADEMY OF ACTUARIES
William has spent almost 25 years in the insurance industry primarily focused on financial reporting and capital management issues. He spent the first 14 years of his career at John Hancock Insurance Company where he was responsible for the financial reporting function for all individual life insurance products. William has spent the last ten years as a consultant with Milliman, where he has performed numerous assignments supporting the US GAAP and Statutory reporting needs of clients. He has or currently
GUEST ECONOMIC ADDRESS

Recovery, Demand, Employment, Growth & Economic Policy: Assessing The Global Economic Outlook
Zanny Minton-Beddoes Economic Editor THE ECONOMIST
Zanny Minton-Beddoes is The Economists economic editor, overseeing all of the prestigious publications American and global economics coverage. She is responsible for coverage of the American economy, economic policy, and issues surrounding globalization. Before moving to Washington in April 1996, MintonBeddoes was The Economists emerging-markets correspondent based in London. She has written surveys of the World Economy,
Martha Cummings Chief Risk Officer BANCO SANTANDER

Martha Cummings is Chief Risk Officer for Banco Santander in New York. She is responsible for the risk management of all credit and trading operations booked in New York, including Loans, Project Finance, Structured Finance, Debt and Equity Capital Markets transactions as well as all trading portfolios for Latin American Equities, Fixed Income and Derivative Products. Previously, Ms. Cummings was a consultant; her engagements
"A Great Conference: Top Speakers, New Insights & A Full House - Even In The Midst Of These Turbulent Times!"
Andreas Gottschling Global Head Of Risk Analytics & Instruments And Operational Risk Management DEUTSCHE BANK
DAY 1&2
14.00
MAIN CONFERENCE DAY ONE
The Ri$kMinds USA CRO THOUGHT LEADERSHIP FORUM

Didier Cossin, Professor Of Finance & Governance, IMD
& Compliance. Joan re-joined BMO in 2001 as Vice-President, Credit Risk Management, in the Personal and Commercial Client Group. The following year, she was appointed Vice-President, Risk Management Group with responsibility for developing the infrastructure to support the delivery of the New Basel Capital Accord. In 2003, Joan was appointed as Vice-President, Operational Management & Governance, Human Resources and was promoted to Senior Vice-President, Operational Management & Governance, HR in September, 2005 with responsibility for Finance, Technology, Operations, Service Management & Delivery, Information Management and Program Management. In 2008, Joan was appointed as Senior Vice President, Risk Renewal Strategies and assigned accountability for driving all risk management strategic projects and change management initiatives, including our Risk Evolution Program.

Risk Best (& Worst) Practices On Boards
Professor Cossin works with senior leaders, executive committees and boards to provide the latest thinking on best-in-class governance, risk and opportunity optimization, investment selection and strategy design. His latest research focuses on the role of the board in achieving success. His past research has dealt with risks, M&As and financial decision making. In his work with boards, Professor Cossin helps them enhance organizational performance through strategy involvement, executive monitoring, information management and general governance (including board restructurings). He also looks at the latest approaches to risk issues. His work addresses not only technical risks but also those arising from a number of different factors: psychological biases, social and cultural environments, technological changes, strategic choices and/or governance structure. Professor Cossin is an advisor and/or executive teacher with the United Nations, the central banks of several countries, the boards and executive committees of corporations, financial institutions and funds in Europe, Asia and the Middle East. Professor Cossin holds a PhD from Harvard University (Robert C. Merton Chair) and is a former Fulbright Fellow at the Massachusetts Institute of Technology, Department of Economics (USA). Before joining IMD, Professor Cossin worked for Goldman Sachs and pharmaceutical company Roussel-Uclaf as it was considering an initial offering on the Tokyo Stock Exchange. He has taught at Harvard University and was associate then full professor at HEC, University of Lausanne. He is the author and co-author of two books, a number of book chapters and many articles. He holds the UBS Chair in Banking and Finance at IMD. He is on the board of four companies, including Bank of America/Merrill Lynch Derivative Products and is a former member of the academic board of Fitch Investors. 14.30
Enrico Dallavecchia, Chief Risk Officer, PNC FINANCIAL SERVICES GROUP

Enrico Dallavecchia is Chief Risk Officer for The PNC Financial Services Group. In this role, he has responsibility for PNCs enterprise-wide risk management program, including operating, compliance, credit and market risk. Dallavecchia, who joined PNC in April 2010, has extensive risk management experience in the financial services industry. He served as Chief Risk Officer for Fannie Mae from 2006 to 2008. Before that, he held a number of leadership positions over the course of 19 years at JPMorgan Chase, including head of market risk management for the Chief Investment Office and Retail Financial Services. His responsibilities included oversight of the firms global investment portfolios and foreign exchange exposure. Prior to that at JPMorgan, he had been responsible for managing the market risk of the companys global treasury and proprietary positioning divisions on a worldwide basis, and he had served as co-head of the Market Risk Technology group.
08.30

Guaranteed To Fail: Fannie Mae, Freddie Mac & The Debacle Of Mortgage Finance
Examining how poorly designed government guarantees for Fannie Mae and Freddie Mac led to the debacle of mortgage finance Assessing different reform proposals Practical recommendations and the role of publicprivate partnership
Tom Donahoe, Global Chief Risk Officer ALADDIN CAPITAL HOLDINGS

Tom is Global Chief Risk Officer at Aladdin Capital Holdings LLC, an $11 Bn Hedge Fund and CLO Manager with a focus on Distressed Debt and Credit Trading. He heads the Market Risk Committee and Valuation Committee, and oversees risk in the affiliated US and UK Broker-Dealers. Previously, Tom was the Chief Risk Officer at Angelo, Gordon & Co., a large multi-strat Hedge Fund. He oversaw all aspects of risk across the firm with focus on Distressed Debt, Real Estate, Convertibles and RMBS/CMBS strategies. Tom was with Barclays Capital as a Risk Director for several product areas as well as COO of Market Risk in NY. Previously, Tom was a Portfolio Risk Director at Merrill Lynch and at MetLife where he started the Derivatives Trading Unit. Earlier in his career, Tom headed the Bankers Acceptance and internal Treasury Funding desks at a money center bank and was Director of Trading and Sales for a large commodities trading firm based in Washington, D.C. with assignments in Vienna and Zurich. He served as an original Prmia Director in NY. Tom has authored papers on risk including chapters in various publications including the Professional Handbook of Risk Management. 15.50
Viral Acharya, Professor Of Finance NEW YORK UNIVERSITY STERN SCHOOL OF BUSINESS
Viral V. Acharya is Professor of Finance at New York University Stern School of Business (NYUStern), Research Associate of the National Bureau of Economic Research (NBER) in Corporate Finance, Research Affiliate of the Center for Economic Policy Research (CEPR) in Financial Economics, Research Associate of the European Corporate Governance Institute (ECGI), and an Academic Advisor to the Federal Reserve Banks of Cleveland, New York and Philadelphia, and the Board of Governors. He completed Bachelor of Technology in Computer Science and Engineering from Indian Institute of Technology, Mumbai in 1995 and Ph.D. in Finance from NYU-Stern in 2001. Prior to joining Stern, he was at London Business School (2001-2008). He was the Academic Director of the Coller Institute of Private Equity at London Business School (2007-09) and a Senior Houblon-Normal Research Fellow at the Bank of England (Summer 2008). Virals primary research interest is in theoretical and empirical analysis of systemic risk of the financial sector, its regulation and its genesis in government-induced distortions. He is a current editor of the Journal of Financial Intermediation (2009-) and associate editor of the Journal of Finance (2011-), Review of Corporate Finance Studies (RCFS, 2011-) and Review of Finance (2006-). At Stern, he has co-edited the books Restoring Financial Stability: How to Repair a Failed System, John Wiley & Sons, March 2009 and Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance, John Wiley & Sons, November 2010. He is also the co-author of the forthcoming book Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance, Princeton University Press, March 2011. He is the current PhD coordinator in the Finance department at Stern. 09.10
Jackson Gomes, Risk Director BANCO ITA UNIBANCO

Jackson Gomes holds a bachelor degree in Aeronautical Engineering from the Aeronautic Institute of Technology in Brazil, and MBA from The University of Chicago GSB. Currently he is the director in charge of Risk Control at Banco Ita Unibanco. Jackson is a permanent member of the executive committees responsible for Credit, Operational, and Insurance Risk Management, for the entire financial holding group. Jackson coordinated the implementation of one of first risk management structures in the Brazilian banking system. He has also been involved in several working groups, at the IIF International Institute of Finance and the Brazilian Bank Federation, in charge of discussing regulatory changes since the conception of Basel 2.
Robert E. Lewis, Formerly Chief Risk Officer, AIG

Robert E. Lewis recently retired from his position as Senior Vice President and Chief Risk Officer of American International Group, Inc. (AIG), where he had served AIG in this capacity from 2004. He was responsible for enterprise risk management for the firm, reporting to the Executive Vice President Finance, Risk and Investments, and to the Finance and Risk Management Committee of the Board of Directors. Corporate departments responsible for insurance, credit, market and operational risk management, as well as business unit chief risk officers, reported directly to him. He served as the Chairman of the AIG Risk and Capital Committee and the Complex Structured Finance Transaction Committee. Mr. Lewis joined AIG in 1993 as its first Chief Credit Officer, where he chaired AIGs Credit Risk Committee, and was responsible for setting credit policy and procedures at the corporate level and for approving all financial transactions, investments and credit exposures outside certain established parameters and limits. Mr. Lewis started his career with The Chase Manhattan Bank (now JPMorgan Chase), rising over the course of twelve years to the position of Vice President, Portfolio Risk and Policy Review. After Chase, Mr. Lewis held for six years various senior executive positions with ING Groups North America banking operations, including Chief Risk Officer.
CRO Challenge & Comment Session

16.10 16.40 Afternoon Tea
Defining The New Role Of The CRO & How They Can Add Value In The New Austere Environment
David Watts, Chief Risk Officer WESTPAC NEW ZEALAND
David Watts was appointed Chief Risk Officer of Westpac New Zealand Ltd in October 2009. David is based in Auckland and is responsible for all aspects of risk management including credit risk & restructuring, operational risk, market risk, compliance and security. He is a member of the Executive Management Team, Chairman of the Executive Risk & Audit Committee and a Director of 9 subsidiary boards. Before joining Westpac David had a 17 year career at National Australia Bank where he was Chief Risk Officer for Australia. Prior to entering banking David enjoyed 10 years as a Certified Practising Accountant. 15.10
Risk and Regulation: Assessing The Implications Of The Changing Capital & Liquidity Requirements
Tony Santomero, Senior Advisor MCKINSEY & COMPANY
Anthony M. Santomero is a Senior Advisor in McKinsey & Companys New York Office. Dr. Santomero was the ninth President of the Federal Reserve Bank of Philadelphia. He holds the title of Richard K. Mellon Professor Emeritus of Finance at the Wharton School of the University of Pennsylvania, and is on the Boards of Citicorp, Renaissance Reinsurance Company Ltd, the Penn Mutual Life Insurance Company, and the Columbia Funds.
GLOBAL CREDIT MARKET OUTLOOK

Examining The Future Outlook For Credit Markets & The Implications For Funding Strategies & Business Models
Robert McAdie, Global Head Of Credit Research & Strategy BNP PARIBAS
Dr. McAdie joined BNP Paribas in August 2010 from Barclays Capital where he was Global Head of Credit Research and Strategy, responsible for cash and structured credit strategy as well as quantitative strategy spanning the credit markets. Before Barclays Capital, he was at Lehman Brothers where he was Executive Director and European Head of Credit Strategy and Salomon Brothers where he was involved in quantitative emerging market and interest rate derivative research. Prior to this, he was in academia and holds a PhD in Applied Mechanics and Applied Mathematics. 09.40
THE CRO THINKTANK II RISK APPETITE

Articulating & Setting Risk Appetite, Embedding It Throughout The Organisation & Operationalising Into Actionable Risk Guidelines
Richard Goulding Group Chief Risk Officer STANDARD CHARTERED
Richard F Goulding is the Group Chief Risk Officer of Standard Chartered Bank, and is responsible for managing Credit, Market and Operational Risk across the Group. He is also a member of the Group Management Committee (GMC). In his earlier role, Richard was the Chief Operating Officer for the Wholesale Bank, and was responsible for managing and overseeing various functions including strategy development, research, legal & compliance, technology & operations, risk, finance, human resources, and portfolio management. Richard joined Standard Chartered from the Old Mutual Group where he was Chief Operating Officer of their global financial services division based in London and Boston.
Kevin Buehler, Director MCKINSEY & COMPANY

Kevin is a senior partner in the New York office of McKinsey & Company and co-leader of McKinsey's global Risk practice. Kevin joined McKinsey in 1993 and has significant experience addressing the strategic decisions and risk and return tradeoffs facing leading financial institutions. His thinking on risk has appeared in the Harvard Business Review, the Wall Street Journal, the McKinsey Quarterly and many other publications. Previously, Kevin served as Chief Operating Officer of International Equity Partners, an emerging markets private equity firm, and practiced law as a corporate attorney at Cravath, Swaine & Moore.
Ken Winston, Chief Risk Officer WESTERN ASSET MANAGEMENT

Kenneth Winston is the Chief Risk Officer of Western Asset Management, a unit of Legg Mason. Western manages over $500 billion of fixed income assets globally. Dr. Winston heads the risk management group, comprising analytics, investment and credit risk analysis and risk management, and enterprise risk management. He chairs the firm's market and credit risk committee. Previously, Dr. Winston was chief risk officer at Morgan Stanley Investment Management, and worked as firm portfolio risk manager on Morgan Stanley's sell side. Dr. Winston obtained a PhD in mathematics from MIT, and taught mathematics at Rutgers University before starting his financial career as portfolio manager. He is the author of a number of articles in mathematics and finance.
Managing Risk In IT & Operations

Hamid Samandari Director MCKINSEY & COMPANY
Hamid is a senior partner in the New York office of McKinsey & Company and the leader of McKinsey's Americas Banking and Securities Risk practice. He joined McKinsey in 1997 and has served a range of wholesale and retail financial organizations in the US, Latin America, Europe and Asia. He has a Ph D. in Scientific Computing and Computational Mathematics from Stanford University. 10.10 Morning Coffee
Ben Ellis, Principal, MCKINSEY & COMPANY

17.10
Human Perception, Uncertainty & Systemic Failures: The Challenges For Risk Management & Modelling
Sanjay Sharma, Chief Risk Officer, Global Arbitrage & Trading, RBC CAPITAL MARKETS
Sanjay Sharma is the Chief Risk Officer of Global Arbitrage and Trading at RBC Capital Markets. Previously, he was the Chief Credit Officer of Natixis Capital Markets for five years. Prior to his tenure at Natixis he held investment banking and risk management positions at Merrill Lynch, Goldman Sachs, Moodys, and Citigroup respectively. At Merrill he headed the ratings advisory practice for the Americas and also advised the firms clients on issues related to liability management and capital structure. At Goldman he advised the firms clients on issues related to capital structure and ratings. At Moodys he covered commercial, consumer and aircraft finance companies as an Analyst, and was also involved in rating several structured finance transactions. Prior to his career in the financial services industry, he worked as a marine engineer with Asian and European shipping companies on cargo ships and supertankers, and received the Chief Engineers certificate of competency. He holds a Ph.D. in Finance and International Business from New York University and an MBA from the Wharton School of Business. He holds the CFA charter and is the Founder and Board Member of Green Point Technology Services, a provider of online education. 17.40
Yury Dubrovsky, Managing Director, Chief Risk Officer LAZARD ASSET MANAGEMENT
Yury S. Dubrovsky is the Head of Global Risk Management, responsible for Lazards Global Risk Management team, which reviews all products and portfolios on a monthly basis and provides the product teams with risk reports as well as providing support to portfolio management teams on sector and country allocation, executing the initial phase of the research process, and providing portfolio attribution data. He began working in the investment field in 1995. Prior to joining Lazard in 2005, Yury was Global Head of Market Risk Management for Emerging Markets and G20 Credit Products with Credit Suisse First Boston, Global Head of Exposure Management for Emerging Markets as well as Regional Head of Exposure Management for the Americas with Deutsche Bank AG, Senior Technology Auditor with JP Morgan & Co. and a Senior Programmer/Analyst with AT&T, SBS International and Kiev Polytechnic University. 18.20
Aaron Brown, Chief Risk Officer AQR CAPITAL

Aaron Brown is risk manager at AQR Capital Management and author of The Poker Face of Wall Street (Wiley, 2006, selected one of the ten best business books of the year by Business Week), A World of Chance (Cambridge University Press, 2009, with Reuven and Gabrielle Brenner) and Red-Blooded Risk (Wiley, 2011, forthcoming). He is a regular columnist for Wilmott and Quantum magazines and serves on the editorial board of the Global Association of Risk Professionals. In his 29-year Wall Street career he has been a portfolio manager, trader, head of mortgage securities and risk managers for institutions including Citigroup and Morgan Stanley; he also did a stint as a finance professor. He hold degrees in Applied Mathematics from Harvard, and Finance and Statistics from the University of Chicago.
Stream A:
Modelling & Integrating Credit & Market Risk

10.40
Challenges & Opportunities In The Integration Of Market & Credit Risk

Integrated framework for economic capital and firmwide risk aggregation Incorporation of counterparty risk Connection with regulatory rules Economic capital in operation and its use in capital allocation
CRO CHALLENGE & COMMENT SESSION

18.40
Joan Mohammed, Senior Vice President, Corporate Risk Management, BANK OF MONTREAL
Joan Mohammed is the Senior Vice President, Corporate Risk Management and has responsibility for Policy & Reporting, Technology and Operations Risk Management, Enterprise Operational Risk Management, Risk Operations, Private Client Group, CRO and BMO Insurance Risk Management. Joan started her career in 1983 at BMO progressing through management roles in Personal and Commercial Banking. In 1990, she moved to RBC Financial Group and held several roles before being promoted, in 1999, to Chief Risk Officer, Security First Network Bank, with responsibility for Enterprise Risk Management, Audit
Risk Governance, Non-Executive Oversight & The Relationship Between The Board Of Directors & The CRO: How Can We Create A More Effective & Accountable Risk Management Function?
THE CRO THINKTANK III RISK GOVERNANCE
Main Conference Day 2 Wedneday June 15, 2011

Andrew Abrahams, Managing Director, Head Of Quantitative Research & Firm-wide Model Oversight, JP MORGAN CHASE
Andrew Abrahams is Managing Director and head of Quantitative Research and Firm-wide Model Oversight at JPMorganChase, based in NY. He has been at the firm since 1997. Previously he held research and teaching positions at the National Center for Supercomputing Applications, The University of North Carolina and Cornell University.
Chairmans Opening Remarks
Wednesday, June 15, 2011
DAY 2
11.20
MAIN CONFERENCE DAY TWO

16.40 14.10
EXTENDED SESSION
Masterclass On Managing CVA
Market approach to quantifying CVA Credit spreads and default probabilities The unintended consequences of CVA Credit risk components Market risk components The role of DVA Pragmatic hedging of counterparty risk
IRC MASTERCLASS
Session 1: 40 minutes
Today's Three R's Of Banking: Risk, Return & Regulation

Darryll Hendricks, Managing Director, Global Head Of Risk Methodology, UBS
Darryll Hendricks is Managing Director and Global Head of Risk Methodology for UBS Investment Bank, where he has primary responsibility for leading the strategic remediation and enhancement of market and credit risk methodologies as well as the independent review of valuation models. Since Autumn 2009, he has also served as the chair of the US industry task force on tri-party repo infrastructure. Before joining UBS, Darryll worked at the Federal Reserve Bank of New York for 13 years where he focused on capital regulation and on the risk assessment of clearing and settlement infrastructure. Darryll has a PhD from Harvard University. 14.50
Overcoming The Challenges Of Modelling The Incremental Risk Charge

Mark Staley, Head Of The Risk & Capital Modeling Group, TD BANK
Dr. Mark Staley joined TD bank in 2004 as Head of the Risk and Capital Modeling Group within Quantitative Analysis, Trading Risk Management. His main focus is on developing credit risk and trading risk models in support of Basel II regulatory requirements. His group also builds models used for economic capital and general loan-loss provisions. Prior to joining TD bank, he spent eight years at CIBC building trading risk models. Session 2: 40 minutes
Jon Gregory, Partner SOLUM FINANCIAL PARTNERS

Dr Jon Gregory is a partner at Solum Financial and specialises in counterparty risk and CVA related consulting and advisory projects. He has worked on many aspects of credit risk in his career, being previously with Barclays Capital, BNP Paribas and Citigroup. He is author of the book Counterparty Credit Risk: The new challenge for global financial markets Jon holds a PhD from Cambridge University. . 12.40
PRMIA. In this role, he led the associations programs providing online resources, thought-leadership, certifications, training, events and member services designed to promote higher standards of risk management practice and education globally. Previously Mr. Lindo was Head of Risk Capital Management at GMAC Financial Services LLC (now Ally Bank), responsible for the capital measurement and modeling of GMACs automotive loan, lease, insurance and residential mortgage portfolios. Before that, he held a number of risk management roles in Cargills proprietary financial trading group, which today operates as Black River Investments and Carval Investors. Mr. Lindo spent his early career as an international banking and credit officer with Lloyds TSB Bank and then First National Bank of Chicago (now part of JPMorganChase) in Brazil, London and Madrid. 18.00
Audience Q&A & Industry Round Up

18.10
Credit Correlation & Concentration Modeling

Asset value correlation models vs. correlated jump models and Markov chains Model risk in models of joint default events and migration moves Probing consistency between marginal and joint densities Credit correlation modeling for various time horizons Modeling the concentration of default events and migration moves Assessing skewed correlation models and separating the default and migration correlations Introducing a link to Incremental Risk Capital Charge modelling
Managing Capital: New Regulations, New Constraints and New Incentives

What is Binding Constraint?: Basel I, Pillar 1, ICAAP , Leverage and Liquidity The Challenges of Multiple Capital Frameworks Options / Opportunities
Stream C:

12.50 Lunch & Networking Break
Innovations In Risk Management Systems & Technology

10.40

14.10
Rick Hamilton, Senior Vice President, Director, Economic Capital & ICAAP Analytics PNC FINANCIAL SERVICES
Rick is the Director of Economic Capital and ICAAP Analytics at PNC. In this role, he leads the firms economic capital modeling effort and is co-leading the development of PNCs ICAAP Rick has a broad . background in economic capital modeling that includes credit, market and operational risk capital modeling and has been active in the field for over 7 years. Prior to his current role, Rick worked for seven years in National Citys Asset/Liability management group where he managed interest rate risk simulation and market risk modeling. He has also had experience working in the commercial credit, commercial lending, retail banking and mergers and acquisition groups at National City. 15.30 16.00 Afternoon Tea
Examining The Implications Of The New Regulatory Proposals On Bank Risk Management Systems
Speaker Under Invitation
11.20
CVA, Wrong-Way Risk & Basel III

David Saunders Assistant Professor, Department Of Statistics & Actuarial Science UNIVERSITY OF WATERLOO
David Saunders is an Assistant Professor in the Department of Statistics and Actuarial Science at the University of Waterloo, and a Senior Research Consultant at R2 Financial Technologies. He is the author of many articles on the subjects of risk management, portfolio optimization and derivatives pricing. Dr. Saunders holds a Ph.D. in Mathematics from the University of Toronto, and is a Research Fellow of the HERMES European Centre of Excellence on Computational Finance and Economics at the University of Cyprus, and the Waterloo Institute for Quantitative Finance and Insurance at the University of Waterloo. 14.50
Peter Dobranszky, Head Of Risk Methodology Validation BNP PARIBAS

Peter manages a team being responsible for the validation of internal risk methodologies related to capital markets. Earlier, he was validating equity, commodity and energy pricing models. As a consultant, he helped banks to develop and implement financial models and pricing engines. As part of his academic research, he focused on credit derivatives, on capturing the asset price and volatility dynamics and on advanced numerical techniques. Earlier, he gave lectures and held seminars in finance. 18.00
New Techniques For Managing The IT Overheads Of Dynamic Risk Management: Do GPUs Offer An Efficient Way To Perform Simulations?
Introducing GPUs Simulating Credit Risk Loss Distributions Implementation Comparisons with traditional CPU technology Resimulation

18.10
Developing Integrated Economic Capital Models That Better Recognise Correlations Between Risk Factors
Aurele Houngbedji, Senior Risk Management Officer, INTERNATIONAL FINANCE CORPORATION
Dr. Aurele M. Houngbedji is responsible for developing new methodologies for modeling economic capital and its applications for strategic business decision making, risk management; concentration limits setting, capital allocations, and performance measurement. Prior to joining the World Bank Group in January 2005, Dr. Houngbedji was a Quantitative Analyst in the Capital Markets Department at AmTrustBank. He was responsible for developing mortgage pipeline hedging models; risk based pricing models, delinquency analysis models, valuation models for the banks loans, servicing assets, and other hedging instruments and assets. His current research interests include strategic risk management, economic capital management, risk culture development, credit risk and economic capital modeling. He is an adjunct professor of risk management, quantitative finance, in the Carey Business School at Johns Hopkins University. Dr. Houngbedji holds a Ph.D in Mathematical Finance from the University of Pittsburgh; he is a certified Financial Risk Manager from both the Global Association of Risk Professionals (GARP) and the Professional Risk Managers International Association (PRMIA) since 2002.Dr. Houngbedji is a Charter Member of Risk Whos Who since February 2009.Dr. Houngbedji is the regional director for the GARP Washington DC Chapter since 2005. 16.40
Stuart Burns Head Of Credit Risk Methodology, BARCLAYS CAPITAL

Stuart Burns is the Head of Credit Risk Methodology at Barclays Capital. He joined in April 2010 from HSBC, where he was responsible for Credit Risk Modelling and saw the bank achieve Advanced IRB status. Prior to this Stuart was Head of Economic Capital and Model Risk Management at Standard Chartered Bank, where his responsibilities included coordination of stress testing across portfolios and risk types. Stuart has also worked in credit risk modelling roles at RBS Financial Markets and Abbey National Treasury Services. 12.00
Counterparty Credit Risk Capital: Examining Ways Of Integrating CVA Into Counterparty Credit Risk Capital Models
Counterparty credit exposure and CVA Trading book loss under counterparty risk Counterparty risk as market risk Counterparty risk as credit risk Counterparty risk capital under Basel II & III
. Stream B:
Capital & Liquidity Modelling, Measurement

10.40
Michael Pykhtin, Senior Economist FEDERAL RESERVE BOARD

Micheal is responsible for carrying out policy analysis and independent research related to financial markets, risk management and regulation of financial institutions. Prior to joining the FRB in 2009, Michael had had a successful nine-year career as a quantitative researcher at Bank of America and KeyCorp. Michael has edited Counterparty Credit Risk Modelling published by Risk Books in 2005. He is also a , contributing author to several recent edited collections. Michael has extensively published in the leading industry journals. He is an Associate Editor of the Journal of Credit Risk. Michael holds a Ph.D. degree in Physics from the University of Pennsylvania. 15.30 16.00 Afternoon Tea
EXTENDED SESSION
Price Risk vs. Value Risk
Two perspectives on measuring risk Appropriate context for measuring risk from each perspective Firm wide stress testing across accrual, OCI and marked-to-market portfolios EC for trading book: integrating stress testing and VaR EC for counterparty credit risk from each perspective The reason EC from a price risk perspective is higher than EC from a value risk perspective
Efficiently Managing The Increasing Volume Of Data Being Produced, Used & Required By Risk Management Processes & Regulators
Suresh Jayaraman, Vice President, Firm Risk Management - Technology & Data, MORGAN STANLEY
Suresh Jayaraman is a Vice President at Morgan Stanleys Firm Risk Management. He is responsible for Risk Architecture and Strategy in the Data and Technology Division in New York. In his prior roles, Suresh was Vice President, Equities Sales and Investment Research Technology at Goldman Sachs and Head of Enterprise Risk Architecture at AIG. 12.40
Evan Picoult, Managing Director Citi & Adjunct Professor Columbia Business School
Bio available on pg. 5 12.00
Market-Implied Default Probabilities

Introduction the need for forward-looking default models Advantages and limitations of existing models The need for market-based PDs The credit risk premium PDs, credit spreads and spread volatility Model for market-based PDs Summary
Putting Economic Capital At The Heart Of The Enterprise: The Commercial Value Of Legal Entity Economic Capital
Insights from developing an economic capital framework for material legal entities The role of legal entity economic capital in strategy setting and business management
Developing New Models For More Accurate Risk Measurement In The New Paradigm
Andreas Bohn, Head Of Asset & Liability Management, Global Transaction Banking DEUTSCHE BANK
Dr. Andreas Bohn started his career at Deutsche Bank Fixed Income Research in 1993. He held several roles such as market maker for short-term interest rate derivatives, structurer for interest rate notes, and market risk manager for interest rate derivatives as well as banking books. Since 2004 he runs the Asset & Liability Management as well as overall Balance Sheet Management for Global Transaction Banking of Deutsche Bank with presences in Frankfurt, London, New York and Singapore. 17.20


14.10
Terry Benzschawel, Managing Director, Bond Portfolio Analysis, CITI INSTITUTIONAL CLIENTS GROUP
Terry Benzschawel is a Managing Director in Bond Portfolio Analysis of Citigroups Institutional Clients Business. Terry heads the Portfolio Analysis and Quantitative Strategies group which develops and implements quantitative tools and strategies for credit market trading and risk management, both for Citis clients and for in-house applications. Terry joined Salomon Brothers in 1992 after six years of post-doctoral research in academia and industry, and two years in commercial banking. At Salomon, Terry built models for proprietary arbitrage trading in bonds, currencies and derivative securities in emerging markets in the Fixed Income Arbitrage Group. He moved to the Fixed Income Strategy department in 1998, with a focus on all credit markets. Terry received his Ph.D. in Experimental Psychology from Indiana University (1980).
Thorsten Lauterbach Director, Risk Analytics BARCLAYS CAPITAL

Thorsten is responsible for leveraging the existing Barclays risk framework to further the holistic understanding of the portfolio risk profile in the US and globally. He joined the firm in August 2010 after three years at Bank of Tokyo-Mitsubishi UFJ (BTMU), where he headed the market risk management department. Prior to BTMU, Thorsten spent eight years at Commerzbank New York with responsibility for credit risk management, operational risk management and finance. 12.40
Implementing An Effective Risk Culture

Marcus Cree, VP Risk Solutions, SunGard ,
Marcus Cree is VP of Risk in charge of client solutions for North America, for the Position, Risk & Operations division within SunGard. This is the latest iteration of Marcus's SunGard career, which has seen him work in the implementation team for the Adaptiv risk product as well as part of the solutions team in Europe. Before joining SunGard, Marcus has worked in the risk control unit for Deutsche Bank, the implementation team of Misys and as an analyst for a UK based stock broker. As well as AIMR qualifications, Marcus holds a degree in mathematics from Leicester University.

Overcoming The Challenges To Building Effective Liquidity Stress Tests & Preparing For Idiosyncratic & Systemic Liquidity Shocks
Steve Lindo, Director, Treasury Management & Mortgage Risk, FIFTH THIRD BANCORP
Since January 2011 Mr. Lindo has been working as Director of Treasury Management and Mortgage Risk at Fifth Third Bancorp. Before this he completed a two-year engagement as CEO of
"The Best Line-Up Of The Leading Thinkers In Risk Management"

Dan Rosen, President R2 FINANCIAL TECHNOLOGIES
Wednesday, June 15, 2011 & Thursday, June 16, 2011
DAY 2/3
14.50 - 18.00
MAIN CONFERENCE DAY TWO & THREE

12.00
RI$KMINDS USA 2011 TECHNOLOGY SHOWCASE

Topics To Include:
New Techniques For Making Monte Carlo More Efficient 15.30 Afternoon Tea
Best Practice In Managing Risk Appetite

Andres Portilla Deputy Director, Regulatory Affairs, IIF
Andres joined the IIF, the global association of financial services firms, in 2002 and was appointed to his current position as Deputy Director of the Regulatory Department in 2008. In his current role Andres is in charge of coordinating the work of various industry committees and working groups on a wide range of regulatory issues including in particular regulatory capital and corporate governance issues as well as conducting advocacy activities vis-vis the regulatory community on behalf of IIF members. 12.40
Examining The Limits Of Current IT & Information Management Technology: Balancing The Cost & Benefit Of Spending On Internal Infrastructure Improving Operational Efficiency: Assessing The Value Of Outsourcing & Offshoring Exploring The Opportunities Technological Advances Offer For Improved Risk Measurement & Management
Prior to joining the firm in 2010, she founded Windbeam Risk Advisory, where as CEO she offered strategic risk advisory services to new business initiatives and the design and implementation of risk management frameworks. Prior to launching Windbeam, Donna was Global Hedge Fund Risk Manager/ Managing Director with UBS AG in Stamford, CT. She has also served as Chief Risk Officer for Angelo, Gordon & Co. in New York, as well as both Chief Risk Officer and Head of Market Risk for divisions of ABN AMRO Bank and as Deputy Head of Market Risk for Deutsche Bank. Donna is the author of A Guide to Managing Interest-Rate Risk (1991) and a member of the Board of Directors for the Global Association of Risk Professionals. She teaches occasionally at Rutgers, New York Universitys Stern Business School and New York Universitys Graduate School of Economics. 18.00
Stream A:
Modelling & Integrating Credit & Market Risk

10.30
More Credit With Fewer Crises

Max Neukirchen, Partner MCKINSEY & COMPANY
11.10
Managing & Capitalising Exposure To Central Counterparties

Ahmet Yetis, Director, BARCLAYS CAPITAL


18.10

14.10
Risk Management In Private Equity

Ken Abbott, Managing Director & Chief Operating Officer, Market Risk, MORGAN STANLEY
Ken Abbott is a Managing Director at Morgan Stanley in New York, where he is Chief Operating Officer for the Market Risk Department. In addition, he also supervises the reporting, capital, and scenario processes and is responsible for the legal entity risk management for Morgan Stanley's US broker dealer and national bank. Previously, he ran market risk management for Bank of Americas Investment Bank. He has over 25 years banking experience, including 14 years at Bankers Trust as an analyst, trader, and risk manager. 12.30
Please contact Rustum Bharucha on +44 (0) 20 7017 7225 or rbharucha@icbi.co.uk Kim Griffith on + 1 646 616 7638 kgriffiths@iirusa.com for more details
18.00
Optimum Balance Sheet Positioning For Post-Recessionary Times

James Costa, Executive Vice President, Head Of Enterprise Credit Portfolio Management, PNC FINANCIAL SERVICES
James Costa is responsible for providing broad portfolio oversight and development of capital management strategies for all credit exposures at the bank. Jim came to PNC in 2010 from Risk Insight where he was principal and founder. Risk Insight specialized in capital allocation, portfolio management, hedging, and market research for regional banks and asset management firms. Prior to Risk Insight Jim was Senior Vice President and Head of Credit Strategies at Wachovia Bank. At Wachovia his primary responsibilities were the development and execution of enterprise wide credit strategies across Wachovias commercial, consumer and commercial real estate portfolios. As part of that effort, Jim chaired Wachovias credit portfolio committee and ran and developed the banks macro hedging program. Prior to joining Wachovia Jim held similar roles as both line and risk officer at SunTrust Banks and FleetBoston Financial where he developed credit portfolio management functions and risk analytics teams to support Basel compliance. He has co-authored a book on public finance. He conducted his doctoral studies at the University of Minnesota where he was an adjunct professor of finance and economics. 14.50
Main Conference Day 3 Thursday June 16, 2011


18.10

08.40
Stream D:

12.40 14.00 Lunch & Networking Break

Dodd-Frank & Keeping Up With Innovation
Henry Hu, Allan Shivers Chair In The Law Of Banking & Finance, UNIVERSITY OF TEXAS LAW SCHOOL
Professor Henry T. C. Hu holds the Allan Shivers Chair in the Law of Banking and Finance at the University of Texas Law School. In September 2009, Securities and Exchange Commission Chairman Mary L. Schapiro appointed him the inaugural Director of the Division of Risk, Strategy, and Financial Innovation. The first new Division in 37 years, "Risk Fin" was created to provide sophisticated, interdisciplinary analysis across the entire spectrum of SEC activities, including policymaking, rulemaking, enforcement, and examinations. He returned to academia in January 2011. Interested in an interdisciplinary approach to financial innovation and complex capital market and corporate governance issues generally, he has written on asset allocation; bank, derivatives, hedge fund, and mutual fund regulation; corporate control and disclosure; creditor, derivatives dealer, managerial, shareholder, and trader behavior; debt, equity, and hybrid "decoupling" through credit default swaps, equity swaps, securitization, and other means; director fiduciary duties; investor illiteracy; model risk; risk management; systemic risk; "time diversification"; and Warren Buffett. The writings have appeared in law reviews (e.g., Columbia Law Review, University of Pennsylvania Law Review, and Yale Law Journal), finance and specialist journals (e.g., European Financial Management, Journal of Applied Corporate Finance, and Risk), and newspapers (e.g., Financial Times, New York Times, and Wall Street Journal). 09.20
Strategic Risk Management In The New Regulatory Environment

10.40
Pricing Corporate Loans & Revolving Credit Lines

Introduction the need for loan pricing models Challenges in pricing and managing loan portfolios Model for pricing term loans and revolving credit lines Risk management of loan portfolios Other applications
The Survival Guide To The Black Swan World: How To Build A Robust Tail Risk Management Framework To Survive The Next Black Swan Event
Why focus on the tail risk management matters in new regulatory environment Understanding the unknown unknowns Implementing the tail risk management framework Risk appetite and black swans Vital components for managing tail risks
Dont Let A Good Crisis Go To Waste!

How the skills and attributes of risk management professionals have evolved over the past 25 years What will make a successful risk manager going forward How to build a risk management team to meet future opportunities
Terry Benzschawel Managing Director, Bond Portfolio Analysis CITI INSTITUTIONAL CLIENTS GROUP
Evgueni Ivantsov Head Of Portfolio Risk & Strategy HSBC

Evgueni Ivantsov is the Head of Portfolio Risk & Strategy at HSBC. In this role, he is responsible for development and implementation of the enterprise-wide risk management approach for European region which covers all major risks as well as for implementation of strategic solutions to ensure the improvement of the portfolio risk/return profile across key customer groups. In particular, he is in charge of the development of the Risk Appetite framework and portfolio stress testing. As a member of the Credit Risk Oversight Committee and European Portfolio Crisis Planning Committee, he is also involved in the decision-making process in strategic risk areas. In addition, Evgueni is a member of The Economist magazine Advisory Board for European Capital Markets. Prior to his current role, Evgueni was the Head of Global Analytics at HSBC. Prior to HSBC, Evgueni worked for ING Group as a Senior Manager of Credit Portfolio Group and for BBL (Banque Bruxelles Lambert) as a Senior Analyst of Large Corporate Rating Agency. Evgueni holds an MBA degree and a Ph.D. in Economics. 11.20
Nancy Loucks, EVP Enterprise Risk Management , STATE STREET

State Streets Enterprise Risk Managements programs are designed to identify, assess, measure, manage, control, and report on State Streets risk exposures globally. Ms. Loucks recent activities have focused on risk management governance and program evolution in the wake of recent market events. Ms. Loucks serves on a number of corporate risk management committees at State Street as well as a number of affiliate bank boards. 15.30 16.00 Afternoon Tea
Better Understanding The Risk Profile Of Your Credit Portfolio & How Market Events Will Impact It?
Understanding your jump risk How correlated is your portfolio? Concentration risk and conditional market risk Portfolio stress tests Wrong way risk
Systemic Risk: How To Avoid Making Regulation Counterproductive? A Dual Responsibility For Banks & Regulators To Get It Right
Barbara Frohn, Managing Director GRUPO SANTANDER
Determining The New Blueprint For Financial Engineering
THE RI$KMINDS 2011 FINANCIAL MINDS THINKTANK
Anders Wulff-Anderson Head Of Counterparty Credit Risk Analytics, Risk Control UBS INVESTMENT BANK
Anders is head of Counterparty Credit Risk Analytics, Risk Control at UBS Investment Bank. He was previously head of Risk Methodology Model Development and before that he held various senior roles in the risk methodology area. 15.20
Connecting Risk Appetite To Strategic Planning, Policies, Governance & Business Decision-Making
Risk exposures consistent with - Strategy - Earnings objectives - Risk appetite - Capital - Ratings - Regulators - Stress testing All risk is not the same: the link between risk appetite and value creation Decisions at Risk (DAR) Governance
Quantitative Models Vs Qualitative Judgement: Is there Room For Both Approaches In The New Risk World?
Enrico Piotto, Managing Director, UBS
Enrico Piotto is a Managing Director in UBS. After several roles in risk control in UBS he now holds a dual responsibility as Global Head of Certification of risk models and Head of firm-wide stress test.
Advanced Techniques For Valuing & Measuring The Risk Of Structured Finance Portfolios
Dan Rosen, CEO, R2 FINANCIAL TECHNOLOGIES & Adjunct Professor UNIVERSITY OF TORONTO
Dr. Rosen acts as an advisor to institutions around the world and lectures extensively on valuation of structured finance and derivatives; counterparty credit risk; risk management; and economic and regulatory capital. He has authored numerous risk management and financial engineering publications, and serves on the editorial board of several industrial and academic journals. Prior to founding R2 in 2006, he was at Algorithmics, where had responsibility for variety of functions including research and financial engineering, strategy and business development, and product marketing. In 2010, Dr. Rosen was inducted a fellow of the Fields Institute for Research in Mathematical Sciences. He holds a Ph.D. from the University of Toronto. 16.00 16.30 Afternoon Tea
Designing & Implementing Coherent Recovery & Resolution Plans

Latest developments on bail ins Bail ins in context of recovery and resolution plans Outlook for banking financial structure
Bio available on pg. 5
Martyn Hoccom, Head Of Strategy RBS TREASURY

Martyn Hoccom is the Head of Strategy at RBS Treasury. His major focus is on the business impacts of the changing regulatory and markets environment. Martyn has spent his career in asset and liability management in a number of major financial institutions. 17.20
John Hull, Maple Financial Professor Of Derivatives & Risk Management, UNIVERSITY OF TORONTO
John Hull is an internationally recognized authority on derivatives and has many publications in that area. Recently his research has been concerned with credit risk, executive stock options, volatility surfaces, market risk, and interest rate derivatives. He was, with Alan White, one of the winners of the Nikko-LOR research competition for his work on the Hull- White interest rate model. He has written three books Risk Management and Financial Institutions (new this year), "Options, Futures, and Other Derivatives" (now in its sixth edition) and "Fundamentals of Futures and Options Markets" (now in its fifth edition). The books have been translated into many languages and are widely used in trading rooms throughout the world. He has won many teaching awards, including University of Toronto's prestigious Northrop Frye award, and was voted Financial Engineer of the Year in 1999 by the International Association of Financial Engineers. 10.00 Morning Coffee
Joseph V. Rizzi Senior Investment Strategist CAPGEN FINANCIAL

Joseph Rizzi is Senior Investment Strategist for CapGen Financial, a private equity firm focusing on financial institutions. Prior to that, he worked at ABN AMRO for a number of years in both the U.S. and Holland in the areas of risk management, structured finance, acquisition finance and asset liability management. The author of numerous articles on lending, risk management, and financial accounting, he is also a frequent lecturer to academic and professional groups. He holds a BA degree (summa cum laude) from DePaul University, a MBA from University of Chicago, and a JD degree from Notre Dame University Law School (magna cum laude). See JoeRizzi.com for a complete list of publications and presentations.
CONTINGENT CAPITAL
Examining The Potential Market Impact Of The Current Regulatory Proposals Surrounding Contingent Capital
Donna Howe, CFA, Executive Vice President & Chief Risk Officer, HIMCO
Donna is an Executive Vice President and Chief Risk Officer. She is a member of the senior leadership team and is responsible for managing the firms risk management team and overseeing the risk management process for all client portfolios. Donna brings to us significant experience in multiple aspects of risk management.
EXTENDED SESSION
The Evaluation Of CVA & DVA Risk
John Hull, Maple Financial Professor Of Derivatives & Risk Management UNIVERSITY OF TORONTO
Bio available on pg. 9
Thursday, June 16, 2011
DAY 3
17.50
MAIN CONFERENCE DAY THREE

15.20 Stream B:
Audience Q&A & Industry Round Up New Advances In Stress Testing & Model Risk
10.30
Managing & Quantifying Model Risk: How Can We Design A Framework To Measure & Manage Model Risk? How Much Capital Should We Allocate To Uncertainty Around Models?
Speaker tbc
Patrick de Fontnouvelle, Vice President, Supervision, Regulation & Credit Department, FEDERAL RESERVE BANK OF BOSTON
Patrick de Fontnouvelle is a Vice President in the Supervision, Regulation and Credit Department at the Federal Reserve Bank of Boston. As head of the Banks Risk and Policy Analysis Unit, Mr. de Fontnouvelles responsibilities include: risk modeling and capital planning, economic research, accounting policy, Money Market Fund policy issues, and Basel II implementation. He has had a longstanding interest in operational and reputational risks, and is currently undertaking research on banks dividend policies during the recent financial crisis. Previously, Mr. de Fontnouvelle held positions as a Financial Economist with the U.S. Securities and Exchange Commission and with General Electric Corporation. He has also taught economics as an Assistant Professor at Iowa State University. Mr. de Fontnouvelle has a Ph.D. in economics. 12.30
10.30
Practical Approaches To Developing Effective Buyside Risk Management

Tom Donahoe, Global Chief Risk Officer ALADDIN CAPITAL HOLDINGS
Assessing The Progress Towards Developing Enterprise-Wide Stress Tests For A More Holistic Picture of Portfolio Risk: A Supervisors View
Supervisory expectations for enterprise-wide stress testing Assessing the stress scenarios Assessing the income and capital forecasts Remaining areas of uncertainties The final goal of the process
EXTENDED SESSION
The Evaluation Of CVA & DVA Risk
John Hull, Maple Financial Professor Of Derivatives & Risk Management UNIVERSITY OF TORONTO Bio available on pg. 9
17.50
Designing A Buyside Stress Testing Programme To Facilitate Smart Risk-Taking At The Portfolio Level
Jacques Longerstaey Chief Risk Officer STATE STREET GLOBAL ADVISORS
Jacques M. Longerstaey is an executive vice president and chief risk officer of State Street Global Advisors (SSgA). Prior to joining SSgA in April 2008, Mr. Longerstaey was managing director and head of the Risk & Portfolio Analysis Group (RPAG) at Putnam Investments. This group had oversight over investment risk, counterparty credit as well as operational risk across the fund complex. It was also responsible for providing performance attribution and other analyses to both internal and external clients. Prior to joining Putnam in November 2003, Mr. Longerstaey was co-head of the risk management group at Goldman Sachs Asset Management. From 1987 to 1998, he held various positions at J.P . Morgan and Co., including economist and fixed income researcher for the Benelux region, head of the Bond Index Group and originator of the RiskMetrics Value at Risk methodology. Mr. Longerstaey holds a Licence en Sciences Economiques from the University of Louvain in Belgium. He is a member of the board of trustees and the executive committee of the Global Association of Risk Professionals (GARP). 11.50

Mike Carhill, Director, Enterprise Risk Analysis Division OFFICE OF THE COMPTROLLER OF THE CURRENCY
Mike Carhill is the Director in of the Enterprise Risk Analysis Division (ERAD) of the Office of the Comptroller of the Currency. ERAD employs quantitative modeling experts who specialize in aggregating the various sources of risk to advise bank examiners, bankers, and policy makers on the state of the art in risk-managementinformation systems at the enterprise level. Mike joined the OCC as a staff economist in 1991, and became Deputy Director for Market Risk Modeling from 1995-2003. He received a Ph.D. in economics in May 1988 from Washington University. 11.10

Stream C:
The Latest Thinking In Operational & Business Risk

10.30
Strategies For Building A System To Aggregate Risk Across The Enterprise To Provide A Holistic View Of Risk & Meet Regulatory Requirements
Speaker tbc
14.40
Operational Risk & The Recent Financial Crisis: A Basel Perspective

Mitsutoshi Adachi, Chair, SIG Operational Risk Subgroup, BASEL COMMITTEE & Director & Deputy Division Chief, Examination Planning Division Financial Systems & Bank Examination Department BANK OF JAPAN
Mitsutoshi M. Adachi has been a Director and Deputy Division Chief of the Examination Planning Division, the Financial Systems and Bank Examination Department of the Bank of Japan. His Division is responsible for policy development and review of examinations and implementation of global supervisory standards for large and complex financial institutions. Mr. Adachi has a long career as a financial supervisor and a global macro-economist. His specialization includes financial risk management, and analysis of central European economies and emerging Asia. He has extensive international experience, starting with as a working group member of the Euro-currency Standing Committee during 1996-97. Since 2008, he has represented the BoJ in two groups of the Basel Committee on Banking Supervision. He has been the Chairman of the SIG Operational Risk Subgroups since May 2010. Prior to the current assignment, Mr. Adachi has served as economist at Policy Development and Review Department of the International Monetary Fund (IMF) during 2000-03, and participated in various country missions to central Europe and Asia as well as working on program surveillance of member countries. He was a senior economist at the Institute of International Finance (IIF) during 200508, and also served as the liaison between the IIF and Japanese member firms. He did graduate work on game theory and industrial organization at Boston University receiving a Doctor of Philosophy degree in 1996. He has published in leading professional journals including the European Economic Review (now the Journal of the European Economic Association) and the Journal of Comparative Economics. 11.10
Developing A Robust Enterprise-Wide Stress Testing Framework: Understanding How Scenarios Will Impact The Bank As A Whole
Implementing a portfolio wide-stress testing Integrated scenarios for market and credit risk scenarios Consistent choice of macro-economic views Evaluating the stress testings exercises from FED and CEBS from a portfolio risk management point of view
Overcoming The Limits Of LDA Models: Assessing The Progress Towards More Responsive & Transparent Second Generation Models
How to bring operational risk to the same level of market and credit risks The multiple versions of LDAs available in the industry Developing a database that helps proactive risk management How to aggregate all types of data in a single measure
Defining The Optimal Blend Of ERM For Finance And Risk Management, Where Does One Begin And The Other End?
Lori Evangel, Senior Vice President, Enterprise Risk Management, METLIFE
In November 2008, Lori M. Evangel assumed responsibility for all Enterprise Risk Management reporting to the Chief Risk Officer. Prior to that, Lori was the Credit Risk Officer of MetLife, Inc., is responsible for the monitoring, analysis, and management of risk for the enterprise. The various aspects of risk covered include: credit risk, derivatives, economic capital, governance & policy, market risk, and operational risk. Lori has expanded global responsibilities, consisting of both Home Office and Regional Risk functions. She joined MetLife in May 2007. Prior to joining MetLife, Lori was a Managing Director for MBIA Insurance Corporation and was most recently Group Head of Portfolio Management and Market Risk. Lori began her career at Moodys Investors Service in the asset-backed finance group. 12.30
Ludger Overbeck, Head Of Quantitative Credit Portfolio Management, COMMERZBANK & Professor Of Mathematics, UNIVERSITY OF GIESSEN
Since June 2003, Ludger Overbeck has held a Professorship of Mathematics and its Application at the University of Giessen in Germany. His main academic interests are Quantitative Methods in Finance and Risk Management and Stochastic Analysis. As of January 2007 he also began consulting for Commerzbank as the Head Of Quantitative Credit Portfolio Management. In this role, he is responsible for all quantitative aspects, including integrated portfolio modelling (Market and Credit Risk), formulation of the risk aversion and tolerance, riskreturn based performance management, optimization, hedge decisions (micro- and macro hedges) and transaction and loan pricing. In his professional career before 2003 he held many positions mainly in the area of Risk at DZ Bank, HypoVereinsbank and Deutsche Bank. 11.50
Marcelo Cruz Global Head Of Operational Risk Analytics, MORGAN STANLEY

Bio available above 15.20
Ensuring The Risk & Control SelfAssessment (RCSA) Remains Relevant, Effective & Worthwhile: What Lessons Do Previous Failures In Risk Management Have To Teach Us?
Chris Thompson Senior Executive ACCENTURE
Chris Thompson is a senior executive at Accenture, leading its Risk Management practice in North America, and its Banking Risk offerings globally. Mr. Thompson has nearly 20 years of experience in large-scale finance and risk change programs, working with some of the worlds leading retail, commercial and investment banks. He started his career in London, and after 10 years relocated to Accentures New York Office, where he has been since 2001. Chris specializes in financial architectures, control, operating models and performance management. He has deep expertise in Regulatory Reform, Risk Culture, Operational Risk, Fraud and Financial Crime. Chris has a masters degree in engineering from Southampton University, England. He is based in New York. 16.00 16.30 Afternoon Tea

12.40 14.00 Networking Lunch
Designing Effective Stress Tests To Model How Macroeconomic Factors Will Impact Your Portfolio
Enrico Piotto, Managing Director, UBS
Implications Of The Recent & Upcoming Regulatory Changes For Operational Risk
Philippa Girling Chief Of Staff Of Operational Risk MORGAN STANLEY
Philippa has 15 years experience in the global securities industry, working in the fields of operational risk, change management and project management. Ms. Girling has also designed and led many training programs, including an Operational Risk Executive Education program for Columbia University, NYC. She was selected as one of the top fifty faces of operational risk by Operational Risk and Compliance magazine. Previously, she headed the Banking and Financial Services practice at the law firm Garrity, Graham, Murphy, Garofalo and Flinn, P Prior to that she was Global Co-Head of .C. Operational Risk Management at Nomura. Before joining Nomura, Ms. Girling spent nearly 10 years at Morgan Stanley in several roles including program director of the Operational Risk function and COO of the Global Financial Control Group. 11.50
Developing An Emerging Risk Program That Enables Effective Identification Of Emerging Risks, Assesses Probability Of Impact And Facilitates Business Decision-Making
Brenda Boultwood, Senior Vice President, Chief Risk Officer, CONSTELLATION ENERGY
Brenda Boultwood leads risk management activities for Constellation Energy and its businesses, including defining and assessing enterprise-wide business risks and facilitating proactive decision-making to effectively manage the risks associated with each business line. Prior to joining Constellation Energy, Boultwood most recently served as global head of strategy, Alternative Investment Services for J.P Morgan Chase & Company. During her . tenure at J.P Morgan Chase, she also served as global head, . strategic risk management for its Treasury Services group and as global business head, Global Derivative Services of its Alternative Investment Services group. Prior to this, she held risk management positions with Bank One Corporation, having served as head, corporate market risk management and head, corporate operational risk management and then advancing to head, global risk management for its Global Treasury Services group. Boultwood also worked with PricewaterhouseCoopers as a senior manager and was employed with Chemical Bank Corporation as a financial engineering associate. In addition, she spent six years teaching in the University of Marylands Master of Business Administration program. She has a Ph.D. in economics. 14.40

Constructing Bottom-Up & Top-Down Scenarios To Test What Will Break The Bank
Evan Sekeris, Assistant Vice President, Bank Supervision & Regulation Department FEDERAL RESERVE BANK OF RICHMOND
Innovations In Risk Culture

Alexis Krivkovich Associate Principal MCKINSEY & COMPANY
17.10
Achieving Credit Stress Test Consistency Across Global Businesses: Theory & Practice
Creating consistency in the understanding of credit stress testing across global businesses Analyzing the impact of market feedback, credit cycles, crises and uncertainty on portfolio losses Quantifying extreme events for stress testing and what-if analysis. From theory to practice.
PANEL DISCUSSION
Exploring How Boundaries Between Op Risk & Other Risk Factors Are Blurring: How Have Recent Market Events Impacted How We Now View & Manage Op Risk?
Marcelo Cruz, Global Head Of Operational Risk Analytics, MORGAN STANLEY
Marcelo Cruz, Global Head of Operational Risk Analytics at Morgan Stanley. Before he was an associate partner at McKinsey & Co. and was the Group Chief Risk Officer of Aviva plc, the 5th largest insurer in the world. Prior to that, he led operational risk at Lehman Brothers and UBS and for 4 years run his own boutique consulting firm. He was a derivatives trader at JP Morgan for many years before moving to risk management. He holds a PhD in Mathematics from the Imperial College in London a M.Sc. in Finance and MBA and a B.Sc. in Economics. He is also an adjunct professor at NYU and Columbia and wrote a number of books and articles. One of his books, Modeling, Measuring and Hedging Operational Risk is a best seller in risk management.
Using Shifted Distributions In Computing Operational Risk Capital

Ilya Rozenfeld Lead Quantitative Analyst CITIZENS BANK
Since 2007 Ilya Rozenfeld has worked as Lead Quantitative Analyst at Citizens Bank. In this role he has developed methodologies and applications for estimating Operational and Credit Risk economic capital and company-wide stress testing. Prior to this he worked as a Senior Systems Engineer at Raytheon Company. He holds a PhD in Applied Mathematics from Rensselaer Polytechnic Institute. 17.50
Designing A Process For The Introduction Of New Products, Processes And Activities That Adequately Factors In Enterprise Wide Implications
Sarah Collins, Senior Risk Management Officer Dreyfus Corporation
Her responsibilities include coordinating the completion of risk and control self-assessments, establishing and monitoring key risk indicators, money market fund stress testing, and reviewing selected processes and new products to improve controls and strengthen defenses against fraud and errors. Ms. Collins has been with Dreyfus since October 2001, where she created the investment risk analysis function. She has worked in a variety of accounting, finance, credit, and risk management roles for more than 30 years. With Mellon Bank since 1986, Ms. Collins has served as Controller, as Head of Credit Review, Chief Compliance Officer, and as both Chief Risk Management Officer and Chief
Jorge Sobehart, Managing Director, Credit & Operational Risk Analytics, CITI
Jorge Sobehart leads the probabilistic assessment of credit risk capital for wholesale exposures, and the development of stress testing and advanced portfolio risk models. Previously, he was a member of Moody's Senior Standing Committee on Quantitative Tools and Vice President/Senior Analyst in Moody's Risk Management Services, where he developed default risk models and their model validation framework. He also acted as reviewer for many technical journals.

Stream D:
Cutting-Edge Innovations In Investment Risk Management
10
Thursday, June 16, 2011
DAY 3
Financial Officer for Mellons asset management, custody, and private wealth businesses. Ms. Collins began her career as a Foreign Service Officer for the U.S. Department of State. She has held financial positions at Touche Ross & Co., The PMI Group, and BankAmerica Corporation where she headed Financial Accounting, Reporting, and Systems. She is a founding member and current officer of the Buy Side Risk Managers Forum and serves on the ICIs Risk Management Committee.
MAIN CONFERENCE DAY THREE

Friday June 17, 2011
THE BUYSIDE RISK MANAGEMENT SUMMIT

09.30 12.30 16.30
Where Is The Next Opportunity/ Arbitrage With Good Risk Adjusted Returns?
Marc Galligan, Chief Risk Officer, ZAIS GROUP
Marc Galligan is the Chief Risk Officer at ZAIS. In addition to risk management, Marc is responsible for firmwide valuations and the Middle-Office operations in Red Bank. Marc has over 30 years experience in the credit markets. He joined ZAIS from Bear Stearns where he was responsible for Credit Trading Risk management, including cash and synthetic trading risk as well as Leverage Finance. Prior to Bear Stearns, Marc worked briefly at Moodys as a senior analyst and spent 18 years in a variety of credit and investment banking roles at the First National Bank of Boston and The Chase Manhattan Bank. 10.00
MEASURING MARKET RISK

Choosing The Tools & Developing The Processes - The Art & Science Of Market Risk Management
Mark Connors, Head Of Fixed Income Risk, DIAMONDBACK CAPITAL MANAGEMENT, LLC
Mark Connors is Diamondbacks Head of Fixed Income Risk. Prior to Diamondback, Mr. Connors was the Head Risk Officer for Strategic Value Partners LLCs global credit strategies and responsible for the implementation and oversight of risk management portfolio and counterparty procedures and reporting. Prior to joining Strategic Value Partners, Mr. Connors co-founded Maystone Partners LLC, a capital structure arbitrage fund where he created and implemented the risk architecture. Prior to Maystone, he was with CIBC World Markets managing the capital structure arbitrage strategy and co-managing the high yield credit hedge book. Prior to CIBC, Mr. Connors worked in institutional convertible sales for CRT Capital Group and Alex. Brown & Sons Inc. Mr. Connors received his BA in English from the University of Virginia.
The Ri$kMinds USA Buyside Champagne Roundtables
RISK MANAGING GLOBAL MANDATES

Can The Risk Of Currency & Correlation Volatility Be Managed By Customizing The Existing Risk Management Framework Or Does It Require A Paradigm Shift In Risk Management Infrastructure?
Maurizio Ferconi, Managing Director, Head of Risk Methodologies, BLACKROCK
Maurizio Ferconi is the Head of Risk Methodologies at BlackRock. In his role he is responsible for the development of the risk models and analytics. He is also responsible for the risk in the passive, business and a number of hedge funds. Prior he was with Barclays Global Investors, where he was the global head of investment risk. Before BGI he was heading the Financial Engineering Department at Putnam Investments. He earned a PhD in Physics and is a member of the Advisory Board for the Master of Financial Engineering at the University of California at Berkeley. 16.00 16.30 Afternoon Tea
What Makes Ri$kMinds USA 2011 The Must-Attend Event For All Leading Risk Practitioners?
Examining The Impact Of Price On Risk

Most risk management is done in terms of price changes, for example, you worry about your positions going down 10%. But there is clearly more risk buying something at the highest price ever recorded for it, than buying it at a normal price. Its easy to miss this in risk management, and think that something that has gone up steadily in the recent past is safe; when in fact it may be the most dangerous thing.
Aaron Brown, Chief Risk Officer, AQR CAPITAL

What Happens When Liquidity Dries Up?
NEW FOR 2011 5 Whole Days Of The Latest Innovations In Bank, Insurance & Investment Risk 13.00 Networking Lunch & VIP Roundtables Management 14.00 Hear insights into stress testing, credit SPECIAL ACADEMIC ADDRESS risk, liquidity risk, regulation, risk ON LIQUIDITY RISK technology and much more.
Professor Mila Getmansky Sherman, Assistant Professor Of Finance, ISENBERG SCHOOL OF MANAGEMENT, UNIVERSITY OF MASSACHUSETTS AMHERST
NEW FOUNDATIONS FOR STRESS TESTING

Incorporating Key Macro Trends Into Risk & Valuation Models
Dave Williams, Senior Director S&P VALUATION AND RISK STRATEGIES
Dave Williams is the Senior Director and head of the Solutions Architects team at S&P Valuation and Risk Strategies. The SA team provides thought leadership and solutions strategies to clients and markets as well as analytical expertise in developing methodologies and cross-product, cross-asset solutions for the Valuations and Risk Strategies group. Prior to his current position, Dave served as global head of the Structured Finance Platform at S&P Valuation and Risk Strategies, which includes the ABSXchange and Analytics-on-Demand (AOD) products. In that role, his team also provided consulting services around valuation, bond administration, tax, and accounting. Dave brings 16 years of industry experience to his position. He was a member of the team that, over a 12 year period, built up IMAKE Consulting, Inc. which was then acquired by S&P His responsibilities at IMAKE ranged . from developing the analytics behind the ABSXchange and AOD applications to working directly with clients on valuation and other services. Dave received his B.S. degree in economics from the United States Military Academy at West Point, an MBA from the University of Hawaii with a focus in International Finance, and has been a Chartered Financial Analyst (CFA) since 1999. 11.00 11.30 Morning Coffee
Integrating Macro-Economic Date With Models For Forward Looking Portfolio Analysis
James Purnell, Chief Risk Officer KENMAR
At Kenmar, James E. Purnell is responsible for investment analytics and portfolio/risk management and collaborates on manager due diligence and analytics. Mr. Purnell is a member of the Investment Committee and the OperationsCommittee. He joined Kenmar in 2010. Mr. Purnell has had 20 years of capital markets experience, including seven years at Dresdner Bank in their Alternative Investment Group where he risk managed and structured the US hedge fund linked structured products portfolio. Immediately prior to Dresdner, James was a Director at Swiss Re and then Natixis, modeling insurance and capital market convergence structures. After leaving Dresdner in mid-2008, James joined Tremont Capital Management as Head of Risk Management. During James time at Tremont, he coexecuted the liquidation of their fund of hedge funds portfolio. He is an Adjunct Professor of Finance at Pace University. 17.10
Mila Getmansky Sherman is an Assistant Professor of Finance at the Isenberg School of Management, UMASS-Amherst. She specializes in empirical asset pricing, hedge funds, performance of investment trading strategies, and system dynamics. She published in the Journal of Financial Economics, Review of Financial Studies, Journal of Investment Management, and Journal of Alternative Investments, as well as contributed to half a dozen books and book chapters. Professor Getmansky Sherman is an Associate Editor of the Journal of Alternative Investments. She is a recipient of numerous awards and grants from the Q-Group, National Bureau of Economic Research, Inquire-Europe, and National Science Foundation, and a recipient of the College Outstanding Research Award. Professor Getmansky Sherman teaches courses in corporate finance and financial modeling in MBA and undergraduate programs. 14.30
NEW FOR 2011 The CRO Thought Leadership Forum Hear insights from 30+ CROs, plus leading academics and economists, as they discuss the key strategic risk issues. MORE Speakers, MORE Sessions And MORE New Research Learn from 100+ leading risk practitioners, regulators & academics. MORE Time To Network & Benchmark Your Risk Experiences Discuss key issues with 350+ global risk practitioners in informal sessions such as Meet The Speaker lunch tables, champagne roundtables and networking cocktail receptions. But Dont Just Take Our Word For It. Hear What These Leading Risk Experts Have To Say About Ri$kMinds USA
Measuring & Managing The Risk Of Complex Illiquid Portfolios & Events
Speaker tbc
Combining Fundamental Factor Analysis With Qualitative Evaluation Of The Macro Environment For Effective Risk Management Of Alternative Asset Class Portfolios
Speaker tbc
17.50 Q&A and chairmans closing remarks
STRESS TESTING FOR ASSET MANAGERS

Determining Appropriate Scenarios & Parameters To Stress Test Investment Portfolios & Enable Smart Risk Taking At The Portfolio Level
Attilio Meucci, Chief Risk Officer, KEPOS CAPITAL & Adjunct Professor - Master's in Financial Engineering, BARUCH COLLEGE, CUNY
Attilio Meucci is the chief risk officer at Kepos Capital LP . Concurrently he is adjunct professor at the Master's in Financial Engineering - Baruch College - CUNY, where he teaches the intensive Advanced Risk and Portfolio Management bootcamp. Previously, Attilio was the head of research at ALPHA, Bloomberg L.P portfolio analytics and risk platform; a researcher at POINT, .'s Lehman Brothers' portfolio analytics and risk platform; a trader at the hedge fund Relative Value International; and a consultant at Bain & Co, a strategic consulting firm. Concurrently he taught at Columbia, NYU-Courant, and Bocconi University. Attilio is the author of Risk and Asset Allocation and numerous other publications in practitioners and academic journals. He holds a BA summa cum laude in Physics from the University of Milan, a MA in Economics from Bocconi University, a PhD in Mathematics from the University of Milan and he is CFA chartholder. Attilio is fluent in six languages and loves physical activity in the outdoors. If you would like to know more, you can visit www.symmys.com 16.00
Practical Approaches To Developing Effective Buyside Risk Management

Jacques Busquet, Chief Risk Officer, NATIXIS US CORPORATE AND INVESTMENT BANKING
Mr. Busquet joined Natixis US Corporate and Investment Banking as Chief Risk Officer in April 2008. Prior to Natixis he spent 20 years with Calyon (formerly Crdit Lyonnais) in various positions including Senior Vice President and Manager of the Merchant Banking Division and, most recently, Executive Vice President and member of the Executive Committee. Mr. Busquet holds MBA degrees from Wharton and HEC, France. 12.00
The Buyside Risk Management Summit Friday June 17, 2011

"A Great Opportunity To Discuss The Key Topics Impacting The Risk Management Industry Today"
Stephan Schoess, First Vice President Chief Economist, OCC

09.00
DATA AGGREGATION
Data Aggregation Across Multi Manager Alternative Asset Portfolios
R. Kelsey Biggers, Managing Director Of Risk Management, K2 ADVISORS
R. Kelsey Biggers has worked in financial services and institutional investing since 1983. In April 2002, Mr. Biggers joined K2 Advisors, a Fund of Hedge Funds headquartered in Stamford Connecticut with $7.5 billion under management. He is responsible for risk management and Information Technology and sits on the Management committee.
PROACTIVE BUYSIDE RISK MANAGEMENT

Creating A Culture That Promotes Proactive Risk Management As A Key Determinant In The Portfolio Management Process
Philip Best, Chief Risk Officer, THREADNEEDLE
Philip Best joined Threadneedle in 2007 as our Chief Risk Officer and head of the Quantitative Research team, responsible for measuring, monitoring and reporting investment risk. He has worked on financial markets risk since 1985, and in 1998 published one of the first books on VAR, Implementing Value at Risk.
OPTIMIZING RISK TAKING

Developing A Risk Management Platform That Effectively Evaluates Macro Events To Facilitate Efficient & Effective Risk Taking Across An Investment Portfolio
Steven Posner, Risk Manager, IKOS
"RiskMinds Offers Great Networking Opportunities At A Time When Learning From Your Industry Peers Is So Essential"
Tamar Joulia Head Of Credit Portfolio Group ING
WOULD YOU LIKE TO SHOWCASE YOUR THOUGHT LEADERSHIP AND EXPERTISE TO THIS SENIOR INDUSTRY AUDIENCE?
There are a number of opportunities at the event for you to showcase your expertise in this sector and gain access to the leading risk management professionals.
Showcase your companys expertise or introduce your key talent to the market with a sponsored presentation, moderator of a panel or involvement in an interactive discussion session in a key position on the conference agenda. Demonstrate your companys capabilities, increase your brand recognition and win new business by securing an exhibition stand or meeting space in the exchange area of the conference. Entertain new and existing clients whilst raising your company profile by hosting a lunch or a social function. A great opportunity to introduce your team to the market a more informal atmosphere. Get in touch with key clients before the event and continue the discussion with Risk Minds USA pre and post-event branding, marketing and sales packages. The conference is marketed to Informas extensive networking of thousands of Risk professionals globally. Bring your team and your key clients to the event by securing discounted VIP conference passes. These are just a few suggestions of how you can use the event to raise your profile in the industry and secure privileged networking opportunities with global project sponsors, lenders and investors. We would be pleased to design and create the right coverage to suit your specific marketing objectives and budget. For further information, please contact: In the UK Rhustum Bharucha on +44 (0) 20 7017 7225 or rbharucha@icbi.co.uk In the US Kim Griffiths on +1 646 616 7638 or kgriffiths@iirusa.com
11
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Setting The Agenda For The Future Of Risk Management In The New Market & Regulatory Environment
Credit Risk Market Risk Operational Risk Liquidity Risk Stress Testing ERM Capital Management Modelling Strategic Risk Management
About Your Sponsors
Principal Knowledge Partner
McKinsey & Company is a global management consulting firm. For more than 75 years, our mission has been to help our clients achieve distinctive, substantial, and lasting improvements in their performance. We help companies worldwide to define their strategies, strengthen their organizations, and improve their operations. Our clients include more than half of the worlds top 200 companies. In Risk Management,McKinsey acts as prime counselor to clients in all industries, developing "end-to-end" risk management with tangible business impact, on topics ranging from strategic and financial risk management to credit, market, liquidity, commercial and operational risk management. We also serve clients on issues relating to the implementation and implications of regulation and on risk organization, governance and culture. As an institution privately owned by its partners, McKinsey remains completely independent.
Sponsors
Accenture is a global management consulting, technology services and outsourcing company, with approximately 204,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the worlds most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$21.6 billion for the fiscal year ended Aug. 31, 2010. Its home page is www.accenture.com. Quantitative Risk Management, with offices in Chicago, London, and Singapore, is the world's leading enterprise risk management consulting firm. Since our founding in 1987, QRM's vision has been to consistently provide expert analytics and risk management advice to financial institutions across the globe. Today, we are the trusted financial risk consultancy of industry-leading organizations, with a track record of success under any economic circumstance or event. We have extended our proven methods to an international base, including clients on 6 continents and in over 30 countries. QRM's client list numbers over 150 financial institutions worldwide, including 9 of the top 10 US banking companies. QRMs Risk Framework combines the advice of a consulting firm, knowledge of a financial research firm, and models developed with the expertise of an information technology company, to create a comprehensive foundation upon which a financial institution can build an enterprise risk management practice that includes market and credit risk as well as economic and regulatory capital Risk Dynamics mission is to deliver risk management consulting to the global financial services industry through expertise, excellence and innovation. Our market leadership lies in assessing the adequacy, reliability, consistency and transparency of risk management practices. Specifically, we perform audits of risk management frameworks, ICAAP and ORSA as to ensure consistency around key domains such as risk appetite, risk profile, risk control & environment and stress testing. We validate models in banking, insurance and asset management industries. We also offer bespoke training and coaching to regulators, senior management and firms requiring global deployment of risk policies and strategies. Our engagements cover the whole spectrum of risks (credit, market, underwriting, operational, ALM but also strategic, reputational and liquidity risks). We work in small teams of highly skilled experts operating with a time-boxing and value-add approach. Our methodologies are continuously updated through sustained dialogue with regulators, permanent examination of market best practices, and dedicated research. Our practices and services are customized according to the uniqueness of each client's environment and strategy. Risk Dynamics caters to its customers whatever the size, geographical location or regulatory environment. SEBA International is a global executive search firm serving clients in the Financial Services and Technology industries. Our focus is on positions in Risk & Finance, Strategy, Marketing, and Business Development. The Firm's Risk and Finance practice has been serving global financial services clients for over a decade. This niche recruitment specialty has allowed us to develop an unsurpassed knowledge of the risk management marketplace, which in turn, has translated into and continues to deliver faster results for our clients. SEBA earns the loyalty of our clients through our ability to deliver outstanding resultsnot just once, but every time the best possible candidate is needed for a strategically important position. Deep, trusted client relationships, complemented by extensive domain expertise and a global network, help us achieve close alignment between companies and candidates to ensure long-term retention and continued success. Well-known at the highest level of our profession, were the partner of choice for many of the worlds most respected organisations. Standard & Poor's Valuation and Risk Strategies offers a portfolio of products and services that serve the global financial markets by providing financial market intelligence and analytic insight for risk-driven credit analysis. S&P Valuation and Risk Strategies provides market insight, credit information, and analytical tools to help organizations evaluate the credit quality of counterparties and better manage credit risk. SunGards Adaptiv provides enterprise-wide credit and market risk management and operations solutions for financial services institutions. Adaptiv assists institutions of varying size and complexity to deploy technology to meet both internal and regulatory requirements for risk management and operational control. Adaptiv helps financial services institutions from the banking, hedge fund, asset management, insurance and corporate sectors with our deep understanding of risk management and operational processes. Email: adaptiv.marketing@sungard.com Visit www.sungard.com/enterpriserisk
To register: Tel: 888.670.8200 (US) or +1 941.951.7885 (Intl) Fax: +1 941.365.2507 Email: register@iirusa.com For latest agenda and to register: www.riskmindsusa.com
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1. Fax this form on +1 941 365 2507 2. Post this form to: RiskMinds USA 2011 IIR NY, P.O. Box 3685, Boston, MA 02241-3685. 3. Telephone us on +1 888 670-8200 or +1 941 951-7885 4. Email:register@iirusa.com 5. Via the website: www.riskmindsusa.com Venue: Westin Boston Waterfront, Boston, USA Always quote your VIP CODE when registering.
Please do not cover VIP code Conference Code: U2447
The RiskMinds Conference Is Far & Away The Best Risk Conference Around
Scott Aguais, RBS
DATES
Main Conference
June 14 - 16, 2011
VENUE DETAILS
Westin Boston Waterfront 425 Summer Street, Boston, MA 02210 #1-888-627-7115 The codes is: Risk Minds-IIF09 Online Reservations: Institute for International Research IIR 2011 (OR copy and paste the following link into a web browser) http://www.starwoodmeeting.com/Book/IIR2011
Global Risk Regulation Summit

June 13, 2011
Risk Mgmt for Insurance Summit

June 13, 2011 Buyside Risk Mgmt Summit June 17, 2011 Counterparty Credit Risk Modelling Workshop June 17, 2011 Fundamentals of Risk Mgmt Workshop June 17, 2011
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Please Select Your Early Bird Package 5-DAY PACKAGE: Main Conference + 2 Summits 5-DAY PACKAGE: Main Conference + 1 Summit + 1 Workshop 4-DAY PACKAGE: Main Conference + 1 Summit 4-DAY PACKAGE: Main Conference + 1 Workshop 3-DAY PACKAGE: Main Conference Only 1-DAY PACKAGE: 1 Summit Only 1-DAY PACKAGE: 1 Workshop Only PLEASE SELECT WHICH SUMMIT you'd like to attend DATES June 13-17, 2011 June 13-17, 2011 June 13-16 or 14-17, 2011 June 14-17, 2011 June 14-16, 2011 June 13 or 17, 2011 June 17, 2011 Register by March 18, 2011 $4897 $4697 $4098 $3898 $3199 $1399 $899
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o Global Risk Regulation Summit (June 13) o Risk Mgmt for Insurance Summit (June 13) o Buyside Risk Mgmt Summit (June 17) o Counterparty Credit Risk Modelling Workshop (June 17) o Fundamentals of Risk Mgmt Workshop (June 17)
PLEASE SELECT WHICH WORKSHOP you'd like to attend
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PAYMENTS: You may enclose payment with your registrations or we will send an invoice. Payment is due within 30 days of registering. If registering within 30 days of the event, payment is due immediately. Payments can be made by check, VISA, MasterCard, Diners Club or American Express. Please make checks payable to the Institute for International Research, Inc. and write the name of the conference delegate (s) on the face of the check as well as our reference code: U2447. If payment has not been received prior to registration the morning of the conference, a credit card hold will be required. SUBSTITUTIONS AND CANCELLATIONS: If you need to make any changes or have any questions, please feel free to contact us via email at register@iirusa.com. Cancellations must be in writing and must be received by IIR prior to 10 business days before the start of the event. Upon receipt of a timely cancellation notice, IIR will issue a credit voucher for the full amount of your payment, which may be applied towards registration fees at any future IIR event held within 12 months after the issuance (the Expiration Date). All credit vouchers shall automatically expire on the Expiration Date and shall then become void. In lieu of issuance of a credit voucher, at your request, IIR will issue a refund less a $795 processing fee per registration. Registrants are advised that no credit vouchers or refunds will be issued for cancellations due to weather or other causes beyond the registrants control. IIR therefore recommends that registrants allow for unexpected delays in making travel plans. Substitutions at any time are welcome. If for any reason IIR decides to cancel this conference, IIR accepts no responsibility for covering airfare, hotel or other costs incurred by registrants, including delegates, sponsors, speakers and guests. Data protection: The personal information shown on this form, and/or provided by you, will be held on a database and may be shared with other companies in the Informa Group in the UK and internationally. If you do not wish your details to be available to other companies in the Informa Group please contact the Database Manager - Tel +44 (0)20 7017 7077, Fax +44 (0)20 7017 7828 or Email: integrity@iirltd.co.uk. Occasionally your details may be obtained from, or made available to, external companies who wish to communicate with you offers related to your business activities. If you do not wish to receive these offers, please tick the box Incorrect Mailing: If you are receiving multiple mailings, have updated information or would like to be removed from our database, please fax this page to +1 419.781.6036. Please keep in mind that amendments can take up to 6 weeks. By completing and submitting this registration form, you confirm that you have read and understood the ICBI Delegate Terms and Conditions and you agree to be bound by them.

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Register By March 18th, 2011 & SAVE Up To The 2nd Annual

GUEST ACADEMIC ADDRESS

GLOBAL ECONOMIC OUTLOOK

BEHAVIORAL FINANCE INSIGHTS

Zanny Minton-Beddoes Economics Editor THE ECONOMIST

Didier Cossin Professor Of Finance & Governance IMD

For The Latest Speaker, Programme & Event News Follow Us On

RiskMinds USA @RiskMinds #RMUS RiskMinds TV

Richard Goulding Group Chief Risk Officer STANDARD CHARTERED

Martha Cummings Chief Risk Officer SANTANDER

Maureen Miskovic Group Chief Risk Officer UBS

Aaron Brown Chief Risk Officer AQR CAPITAL

Enrico Dallavecchia Chief Risk Officer PNC FINANCIAL SERVICES GROUP

Jacques Longerstaey Chief Risk Officer STATE STREET GLOBAL ADVISORS

Jackson Gomes Risk Director BANCO ITA UNIBANCO

David Watts Chief Risk Officer WESTPAC NEW ZEALAND

Peruvemba Satish Chief Risk Officer ALLSTATE INVESTMENTS

Insights From Key Supervisors

100+ Leading Risk Practitioners & Academics

Nellie Liang Director OFFICE OF FINANCIAL STABILITY POLICY & RESEARCH

Dont Miss 5 Brand New Workshops & Summits

The Global Risk Regulation Summit

Strategic Risk Management For Insurance Summit

The Buyside Risk Management Summit

Counterparty Credit Risk Modelling Workshop

Fundamentals Of Risk Management Workshop

Elemental Chlorine Free (ECF)

Paper sourced from sustainable forests

THE GLOBAL RISK REGULATION SUMMIT

Ri$kMinds USA 2011 Main Conference Day 1

CRO THOUGHT LEADERSHIP FORUM 2011

The CRO Breakfast Briefing - strictly by invitation only

THE NEW REGULATORY LANDSCAPE FOR GLOBAL FINANCIAL SERVICES

SPECIAL GUEST ECONOMIC ADDRESS

GUEST ACADEMIC ADDRESS

Resolving the Too Big To Fail Challenge

A NEW BUSINESS MODEL FOR BANKING?

EXAMINING THE NEW CAPITAL & LIQUIDITY REQUIREMENTS

THE CRO THINKTANK I CREATING A HOLISTIC RISK MANAGEMENT FRAMEWORK

THE GLOBAL REGULATORY THINKTANK II Ensuring Pillar 2 Adds Value

BEHAVIOURAL FINANCE INSIGHTS

UNRAVELLING CENTRAL CLEARING

THE NEW FINANCIAL ZEITGEIST AND BANK RISK MANAGEMENT

TRADING BOOK RULES

THE CRO THINKTANK II RISK APPETITE

TRADING IN THE NEW ENVIRONMENT

MODEL VALIDATION CHALLENGES

Examining A New Approach To Risk Management Audit: Independent Model Validation

PRACTITIONER CHALLENGE & COMMENT SESSION

THE CRO THINKTANK III RISK GOVERNANCE

CRO Strategy & Practive Roundtables

Table 5 Joan Mohammed BANK OF MONTREAL

Table 6 Didier Cossin IMD

Table 7 Aaron Brown AQR CAPITAL

Join Us For The Networking Drinks Reception

Ri$kMinds USA 2011 Main Conference Day 2

Ri$kMinds USA 2011 Main Conference Day 3

INNOVATIONS IN STRATEGIC & PRACTICAL RISK MANAGEMENT

INNOVATIONS IN STRATEGIC & PRACTICAL RISK MANAGEMENT

SPECIAL GUEST ACADEMIC ADDRESS

GUEST ACADEMIC ADDRESS

GLOBAL CREDIT MARKET OUTLOOK

THE RI$KMINDS 2011 FINANCIAL MINDS THINKTANK