Day One: Wednesday March 24, 2010

8.15 Registration and refreshments

8.50 Editor’s opening address: Victoria Tozer-Pennington, Editor, OPRISK & COMPLIANCE

9.00 Regulatory panel: Implications for operational risk managers of enhancements to Basel II

Update on the ongoing changes to risk regulation
Key unresolved problems and challenges for operational risk managers
Basel II – where to from here?
How will the regulatory community take forward the BIS range of practices paper?

Moderator: Alfred Seivold, Senior Examination Specialist, Large Bank Group, FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)
Grace B. Vogel, Executive Vice President, Member Regulation, FINANCIAL INDUSTRY REGULATORY AUTHORITY (FINRA)
Ronald Stroz, Assistant Vice President & Head of the Operational Risk Group, FEDERAL RESERVE BANK OF NEW YORK
Andrew Sheen, Manager, Operational Risk Policy Team, FINANCIAL SERVICES AUTHORITY (UK)
Adrienne Haden, Assistant Director, Banking Supervision and Regulation, Board of Governors, FEDERAL RESERVE SYSTEM

9:50 European view: Perspectives of a European regulator on the key operational risk challenges facing the industry

How is the view of operational risk changing globally in light of recent crisis
What regulatory changes are expected?
What Basel-level dialogue about operational risk is taking place?

Marco Moscadelli, Operational Risk Supervision, BANK OF ITALY & Chair of SGOR, CEBS

10.30 Morning refreshments and networking break

11:00 Keynote address:
Kevin Bailey, Deputy Comptroller for Regulatory Policy, Office of the Comptroller of the Currency (OCC)

Stream One
NEW DEVELOPMENTS IN OPERATIONAL RISK REGULATION

Stream two
QUALITATIVE OPERATIONAL RISK MANAGEMENT TECHNIQUES

11:40

Chairman’s opening remarks

Victoria Pennington, Editor, OpRisk & Compliance

Chairman’s opening remarks
Evan Sekeris, Senior Economist, FEDERAL RESERVE BANK OF RICHMOND

11:50

Presentation: How convergence can lead to better Enterprise Risk Management

Current environment of risk
Business drivers and convergence objectives
Convergence maturity model
A structured approach to tackling convergence

Brandon Sutcliffe, Senior Manager, Financial Services, ERNST & YOUNG LLP

Presentation: Identifying and implementing effective Key Risk Indicators

KRI and KCI (Key Compliance Indicators) selection and implementation
Process
KRI tracking and reporting
Risk response strategies
Validation and benchmarking

Mario Mosse, Vice President, Business & Operating Risk, PRUDENTIAL FINANCIAL

12:30 Lunch with the opportunity to network and visit the exhibition

1:30 Plenary session - Guest speaker: "Nerds on Wall Street" – the ongoing transformation of markets by technology, and the parallel developments on the market's dark side - fraud, abuse and manipulation
David Leinweber, Author, Columnist, Entrepreneur and Inventor, Founding Director, Center for Innovative Financial Technology, Haas Fellow in Finance, Haas School of Business, U.C. BERKELEY

2:10

Presentation: Information risk management: Understanding what matters

Cloud-computing: risks, rewards and the path forward
Meaning-based approaches to for Records management and eDiscovery
Pan-enterprise policy management for compliance and risk reduction

George Tziahanas, Vice President, Compliance Solutions, AUTONOMY

Presentation: Improving Business Environment and Risk and Control Self Assessment (RCSA) processes to capture high risk areas and emerging risk trends

Creating an effective RCSA program that adds value to business line management
Linking the RCSA to business environment assessments
The role of Key Risk Indicators in an integrated operational risk management framework
Reporting RCSA results to senior management

John D VanPelt, Senior Vice President Corporate Operational Risk, NORTHERN TRUST

12:50

Presentation: Can insurance and derivatives mitigate operational risk?

Is this only relevant for AMA firms?
Making it work
The advantages and disadvantages
What do the regulators think

Andrew Sheen, Manager, Operational Risk Policy Team, FINANCIAL SERVICES AUTHORITY (UK)

Presentation: Industry perspectives in building an AMA operational risk model

Scenario driven versus data driven models
Incorporating external data
Criteria for selecting a statistical model
Executive review of model results

Donald Rosenthal, Senior Vice President, Enterprise Risk Management, STATE STREET

3:30 Afternoon refreshments with the opportunity to network and visit the exhibition

3:50 Panel discussion: Demonstrating to line and senior management the value-added benefits of operational risk management

Ensuring meaningful and clear reporting to the CEO
How to communicate risks to senior management
What information do senior managers need from their operational risk department?
Outlining the business value and return on investment from operational risk management
How can operational risk practices change the way a company operates ie. how do we add value?

Moderator: Jay Newberry, Managing Director, Operational Risk Management, CITIGROUP
Mike Haubenstock, Senior Vice President Operational Risk Management, SUNTRUST MORTGAGES
Michael Dillon, Head of Operational Risk, NOMURA HOLDINGS AMERICA INC
Robin Phillips, Managing Director, Head of Corporate Operational Risk, JP MORGAN CHASE & Co.
Angela H. Isaac, Dean, School of Business, POINT PARK UNIVERSITY
Brandon Sutcliffe, Senior Manager, Financial Services, ERNST & YOUNG LLP

4:40 Panel discussion: New perspectives on enterprise wide risk management

Developing a holistic approach in capturing, quantifying and communicating all risks throughout the enterprise
Overcoming the internal political, structural, technical and IT barriers to ERM
How has enterprise risk frameworks changed in the last one to two years?
What are some risk management "lessons learned" from the recent economic turmoil?

Moderator: Gaurav Kapoor, CFO and General Manager, METRICSTREAM
Ron Burtnett, Executive Director, Operational Risk, MORGAN STANLEY
Jack Gomez, Head of Operational Risk Management, BNY MELLON
Kate Leibfried, GWM Senior Global Operational Risk Director, CITIGROUP
Eileen D. Robbins, Vice President - Operational Risk Management, DEPOSITORY TRUST & CLEARING CORPORATION

5:30 Cocktail reception