Meeting Agenda (subject to changes)
09:00 Welcome from the European Risk Management Council
- Dr Evgueni Ivantsov, Chairman, European Risk Management Council
09:10 Opening remarks from the Meeting Host
- Michael Imeson, Senior Content Editor, Financial Times Live, and Contributing Editor, The Banker
09:15 Keynote speech from the World Economic Forum
- Dr Lee Howell, Managing Director, Head of Global Programming and Member of Managing Board, World Economic Forum
09:35 Session 1: UK-EU Brexit dialogue – Risks and opportunities ahead
There are only 12 months left until the Brexit deadline but there is a lot of uncertainty about the future configuration of the UK-EU relationship. In this session, internationally renowned political experts will analyse potential Brexit scenarios and political, economic, trade relationships after Britain has left the EU. What are the implications for each scenario? How would each possible outcome affect financial services on both sides of the English Channel? What mitigation actions are required from decision-makers?
Chair: Patrick Jenkins, Financial Editor and Assistant Editor, Financial Times
- Sir Jeremy Greenstock, GCMG, former Permanent Representative of the UK to the United Nations
- Jason Cowley, Editor in Chief, The New Statesman magazine
10:10 Session 2: Ten years on from the Global Financial Crisis - Un-finished homework in risk culture and risk governance. CEOs’ case studies
As we approach the 10th anniversary of the Global Financial Crisis and the dramatic industry meltdown becomes a distant memory, many questions remain unanswered. What lessons have not been learnt, and what else should be done to enhance risk culture and risk governance to ensure sustainable growth in the financial services industry? How can we change the behaviour of managers to make the industry more customer oriented? How do you identify and close loopholes in risk governance to prevent senior managers behaving recklessly?
Chair: Dr Lee Howell, Member of Managing Board, World Economic Forum
- Michael Cole-Fontayn, Chairman of the Association of Financial Markets in Europe and former Chairman of EMEA, BNY Mellon
- Dame Colette Bowe, DBE, Chairman, Banking Standards Board
- David Suetens, CEO, State Street Luxembourg
- Susanne Chishti, CEO, FINTECH Circle & FINTECH Circle Institute
10:50 Networking Coffee Break
11:20 Session 3: Future geo-political landscape - good, bad or ugly?
In the last three years, geo-political factors have started to shape the economic landscape. How should these geo-political risks be managed, and what sort of opportunities could they create for government and business? Each panellist will present a potential geo-political scenario, such as a rise in political populism in Europe, a Middle East crisis, a US-China trade war or a US-North Korea military conflict. The audience will select scenarios to discuss in detail. During the session, panellists will collectively elaborate on each of the selected scenarios describing warning signals, triggers, potential severity and the possible impact on the financial markets.
Chair: Dr Evgueni Ivantsov, Chairman, European Risk Management Council
- Sir John Holmes, GCVO, KBE, Chair of the UK Electoral Commission, former UN Under-Secretary-General and Overseas Adviser to two UK Prime Ministers
- Sir Stewart Eldon, KCMG, OBE, former UK Permanent Representative to NATO and UK Deputy Permanent Representative to the UN
- James Watt, CVO, Chairman of Council for British Research in the Levant, former British Ambassador to Lebanon, Jordan and Egypt
11:55 Session 4: How should the CRO’s role evolve to meet the changing needs of the business?
The aim of this session is to discuss crucial skills that CROs should acquire to succeed in their roles. In particular, panellists will explore how CROs should use data, risk analytics, risk monitoring and reporting tools to ensure robust decision-making. They will discuss case studies of industry best practices in combining hard tools (e.g. risk analytics, models, risk infrastructure) and soft skills (judgement, strategic thinking) that help CROs in their day-to-day job to improve the quality of their decisions.
Chair: Martin Arnold, Banking Editor, Financial Times
- Kevin O’Rourke, Managing Director & Chief Risk Officer EMEA, Mizuho Bank
- Marian Martin, Chief Risk Officer, Virgin Money
- Diane Cote, Group Chief Risk Officer, London Stock Exchange
- Colin Church, Chief Risk Officer EMEA, Citigroup
12:35 Networking Lunch
13:20 Session 5: Fintech – Changing the way we manage risk
Fintech is revolutionising banking and other financial services sectors, opening new opportunities and bringing new risks. Digital innovation is transforming the way risk managers predict, monitor, quantify, mitigate and report risks. We will look at some of the most impressive uses of fintech in risk management and reporting, as well as explore future potential changes in technology, analytical tools and data management which could transform traditional risk management and entire risk management profession.
Chair: Michael Imeson, Senior Content Editor, Financial Times Live; Contributing Editor, The Banker
- John Scott, Chief Risk Officer, Commercial Insurance, Zurich Insurance Group
- Renier Lemmens, Chairman of TransferGo and former CEO of PayPal EMEA
- Denis Hall, Chairman of the Supervisory Board, Hyundai Capital Bank Europe
- Lisa Nowell, Chief Risk Officer, Masthaven Bank
13:55 Session 6: In the control room during a cyber-attack – Crisis simulation
Financial institutions are natural targets for cyber-attacks. In the past several years, the number of incidents has increased at an alarming rate. It is a nightmare scenario for any CEO, CRO or CISO to discover that their organisation’s security has been breached. A rapid and effective response is essential to limit the damage of any intrusion and protect the business, its customers and its reputation. Our panellists will outline the threats, explain how to manage a cyber security crisis and describe the core elements of a workable disaster recovery plan.
Chair: Kevin Duffey, Chief Executive, Cyber Rescue Alliance
- Simon Newman, Chief Strategy Officer, London Digital Security Centre
- Rolf Riemenschnitter, Partner and Cyber Leader, McKinsey & Co
- Speaker, National Cyber Security Centre, GCHQ (the name will not be disclosed prior to the Meeting)
- Mihir Mysore, Partner and Crisis Response Lead, McKinsey & Co
14:40 Coffee Networking Break
15:10 Session 7: The future of financial regulation
In this session, senior regulators and risk executives will be asked about major UK, European and global regulatory initiatives that are underway and what others are on the horizon. The main questions will be: What are regulators most focused on today? What are they doing to improve the current regulatory framework? And in what areas should regulated firms be doing more to improve their compliance efforts?
Chair: Simon Hills, Director of the Prudential Capital and Risk Team, UK Finance
- Adam Farkas, Deputy Chair and Executive Director, European Banking Authority
- Nausicaa Delfas, Executive Director of International and a member of Executive Committee, Financial Conduct Authority
- Simon Lewis OBE, Chief Executive, the Association for Financial Markets in Europe
15:50 Session 8: Visionaries’ session – How can we anticipate future shocks and what will be the next big disaster?
The aim of the session is to explore how decision-makers scan the risk horizon and what their perceptions are of potential systemic “fault lines”. It has been 10 years since the worst financial crisis of a generation which came as a huge surprise. Are we now close to another catastrophe? Questions to be discussed are: Where and when could the next extreme event occur that would deliver a major shock to the financial system? What could cause such a shock? A technology-related risks like a major systemic cyber intrusion, a sovereign debt default, soaring interest rates or a major political calamity? What sort of early warning signals should we be looking out for?
Chair: Matthew Blake, Head of Financial and Monetary System Initiative, Member of the Executive Committee, World Economic Forum
- Jacques Beyssade, Deputy CEO and Group Chief Risk Officer, BPCE
- Jeremy Arnold, Chief Risk Officer EMEA, Nomura
- Dr Jon Danielsson, Director of the Systemic Risk Centre, London School of Economics
- Dr Cosimo Pacciani, Chief Risk Officer, European Stability Mechanism
16:30 Closing remarks
16:40 Networking reception