• Enterprise Risk Management: the concept.
• Key objectives: more effective risk management overall, better balance of risk v. return, more efficient capital allocation, greater stability, reduced losses, improved business performance, higher profits, enhanced shareholder value.
• Key components: strategy, process, technology…people.
• Why Enterprise Risk Management is especially relevant in today’s turbulent financial markets – the quest for stability, performance and profitability.

Rajinder (Raj) Singh, Chief Credit Risk Officer, GMAC Financial Services

• Regulators worldwide – supranational and national – have recommended drastic changes to the way countries supervise their financial systems.
• The Financial Stability Forum’s Report on Enhancing Market and Institutional Resilience.
• Recommendations from other regulatory bodies and finance ministries: Basel Committee on Banking Supervision, IOSCO, IAIS, IASB, CPSS, IMF, CGFS, HM Treasury, US Treasury.
• Implications for financial institutions’ risk management strategies and practices and recommendations from the Institute of International Finance.

Panel Moderator
Michael Imeson, Contributing Editor, FT Global Events

Panelists
Jeremiah Norton, Deputy Assistant Secretary for Financial Institutions Policy, US Treasury Department

Jon Greenlee, Associate Director of Risk Management, Division of Banking Supervision and Regulation, Federal Reserve Board

Dr. Evan Picoult, Managing Director, Citi Risk Oversight, Citi and Adjunct Professor, Faculty of Decision, Risk and Operations, Columbia Business School

Jonathan Blair, Senior Global Risk Manager, GE Money

• Why ERM is high on the agenda: corporate governance needs for transparency and stability; regulatory requirements; derivatives and “risk trading”; financial crime; risk-based performance management (economic capital, RAROC, internal capital adequacy assessment process); breaking down risk management silos and creating an integrated approach.
• The benefits of ERM: stability, performance, profitability (eg reduced losses, protection against reputational damage, better capital allocation, improved client selection and product pricing).
• The obstacles: why some financial institutions are a long way from achieving ERM.
  

Panel Moderator
Charles Taylor, Director, Risk Management Association

Panel Framer
Alastair Sim, Director, Strategy and Marketing, SAS

Panelists
Michael Stefanick, Risk Director, SAS

Lori Evangel, Credit Risk Officer, MetLife

Kate Leibfried, Senior Global Operational Risk Director, Global Wealth Management, Citi

David Keenan, Managing Director, Operational Risk Control Americas, UBS

• Customers are both a source of risk and profit.
• How do you manage the balance? Managing credit and market risk; allocating capital; reaping the commercial rewards.
• How customer liability risk management can enhance profitability – for both customer and financial institution.

Martha Cummings, Chief Risk Officer, Banco Santander