Day Two: Thursday March 25, 2010

8.15 Registration and Coffee

8.50 Editor’s opening address

9.00 Keynote address: Sanjay Sharma, Chief Risk Officer, Global Arbitrage & Trading, RBC CAPITAL MARKETS

9.30 Plenary: Conclusions from recent loss data collection exercise

LDCE and Range of Practice results and follow-up
New developments in this area: statistics and best practices
Comparison of the implementation approaches

Mark O'Dell, Deputy Comptroller for Operational Risk, COMPTROLLER OF THE CURRENCY (OCC)
Patrick de Fontnouvelle, Vice President, Supervision and Regulation Department, FEDERAL RESERVE BANK OF BOSTON
Andrew Sheen, Manager, Operational Risk Policy Team, FINANCIAL SERVICES AUTHORITY (UK)

10:10 Panel Discussion: Lessons for operational risk managers from recent extreme market conditions

Operational risk lessons from the mortgage crisis
Is it better to focus on process/controls rather than on developing operational risk capital
Operational risk management deficiencies exposed by recent market events
How have the priorities of operational risk managers changed?

Moderator: Sanjay Sharma, Chief Risk Officer, Global Arbitrage & Trading, RBC CAPITAL MARKETS
Enrico Dallavecchia, former Executive Vice President, Chief Risk Officer, FANNIE MAE
Stacy L. Coleman, Banking Supervision and Regulation, THE FEDERAL RESERVE BANK OF RICHMOND
Mike Haubenstock, Senior Vice President Operational Risk Management, SUNTRUST MORTGAGES

11.50 Morning coffee and networking break

	Stream One QUALITATIVE VS. QUANTITATIVE APPROACHES TO OPERATIONAL RISK	Stream two NEW THREATS AND OPPORTUNITIES FOR OPERATIONAL RISK
11:20	Chairman’s opening remarks Richard Pike, Product Director, CCH SWORD	Chairman’s opening remarks Alfred Seivold, Senior Examination Specialist, Large Bank Group, FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)
11:30	Panel discussion: Getting the balance right between qualitative and quantitative operational risk modeling techniques Re-evaluating current models Can risk be still modeled? Incorporating qualitative risk management techniques The role of judgment in AMA models and the delicate balance between the former and the quantitative approaches The balance between internal and external data (qualitative) versus scenarios and BEICF (qualitative) Moderator: Marcelo Cruz, Adjunct Professor, NEW YORK UNIVERSITY Patrick McDermott, Senior Director, Operational Risk Oversight, FREDDIE MAC Emre Balta, Senior Financial Economist, Enterprise Risk Analysis Division, OFFICE OF THE COMPTROLLER OF THE CURRENCY (OCC) Bakhodir A. Ergashev, Financial Economist, Banking Supervision, Regulation/Risk and Policy, THE FEDERAL RESERVE BANK OF RICHMOND Kenneth Swenson, Risk Management Specialist, Supervision & Regulation, THE FEDERAL RESERVE BANK OF CHICAGO	Panel discussion: Reforming standardized approach betas • Variation in approaches to calculating capital in TSA firms • Guidance on standardized approach betas • What are the issues with the use of gross income in the Standardized Approach? • Is there a need to recalibrate the Betas? • How does the TSA compare to the Basic Indicator and AMA approaches? Moderator: Victoria Tozer-Pennington, Editor, OPRISK & COMPLIANCE Patrick de Fontnouvelle, Vice President, Supervision and Regulation Department, FEDERAL RESERVE BANK OF BOSTON Andrew Sheen, Manager, Operational Risk Policy Team, FINANCIAL SERVICES AUTHORITY (UK)
12:10	Presentation: New insights in forecasting tail events • Capturing tail risks beyond VaR • Measuring of joint tail risks • Dealing with higher moments Andreas Jobst, Economist, Monetary and Capital Markets Department, INTERNATIONAL MONETARY FUND	Presentation: Board risk management oversight The board's role in risk management and oversight The findings from an analysis of board committee charters of large financial institutions Elements for consideration to strengthen the role of the board in risk governance Scott Baret, Partner, DELOITTE & TOUCHE LLP

12.50 Lunch and an opportunity to visit the exhibition

1:50

Presentation: Linking operational risk management to performance

How can a firm use scenarios to connect risk management to business strategy
An integrated scorecard for risk and performance
The ROI: Time to decision

Richard Pike, Product Director, CCH SWORD

Presentation: Basel II Pillar 3 – implementing a coherent disclosure and communication strategy for operational risk

New public disclosure requirements
Steps to improve market reporting
Establishing appropriate internal controls on disclosure
Validation process requirements

Marta Johnson, Global Markets Operational Risk, BANK OF AMERICA

2:30 Guest speaker: The effects of climate change on operational risk management

Likely climate change scenarios
Implications for business continuity and vitality
Potential mitigation and adaptation strategies
Charting a path forward

Mark Abkowitz, Professor of Civil & Environmental Engineering, Director, Vanderbilt Center for Environmental Management Studies, VANDERBILT UNIVERSITY

3:10 Afternoon break

3:30Panel discussion: How can we improve the use and effectiveness of loss data?

Challenges and pitfalls in measuring operational risk from existing loss data
The role of data consortia in leading industry wide efforts to improve data quality and availability
Appropriate uses of loss data and its limitations
New initiatives to enhance internal and external loss data

Moderator: Jane Yao, Vice President & Director, Benchmarking & Survey Research Group, AMERICAN BANKERS ASSOCIATION
Preston Thompson, Assistant Vice President, FEDERAL RESERVE BANK OF BOSTON
William H. Henley, Jr., Director, IT Examinations, OFFICE OF THRIFT SUPERVISION
Ana Paula Castro Carvalho, Deputy Advisor, Financial System Regulation Department, CENTRAL BANK OF BRAZIL
Thomas Doughty, Vice President, Corporate Information Security Officer, PRUDENTIAL FINANCIAL

4:20 Panel discussion: Operational risk challenges for 2010 and beyond

What are the emerging risks facing the industry?
How should the industry address the deficiencies in operational risk management exposed during the financial crisis?
The operational risk manager’s role in protecting their firm against future global pandemics
Identifying key priorities for operational risk managers

Moderator: Victoria Tozer-Pennington, Editor, OPRISK & COMPLIANCE
Andreas Jobst, Economist, Monetary and Capital Markets Department, INTERNATIONAL MONETARY FUND
Andreas Jobst, Economist, Monetary and Capital Markets Department, INTERNATIONAL MONETARY FUND
Panagiotis Tsaoussis, Senior Vice President, Operational Risk, ING INSURANCE AMERICAS
Doug Rose, Assistant Vice President, Risk & Capital Management, SUN LIFE FINANCIAL

5:00 End of conference