• The risk management deficiencies exposed by the crisis and what banks are doing to remedy them: e.g. improving their risk frameworks, internal governance, risk culture, risk modelling, data management and analytics, stress testing, liquidity risk management, capital adequacy planning.
• New challenges: the German authorities' plans for reforming financial regulation and supervision globally; the Basel Committee's enhancements to Basel II and its principles for sound liquidity risk management; and the implications for risk managers of global regulatory reform.
• Taking an integrated approach: the need to manage risk across the enterprise.

Dr Ralf Kauther, Chief Risk Officer, Deutsche Postbank

• How the recent crisis has put investment managers and their traditional risk management frameworks under pressure.
• What asset managers are doing to improve their risk management by, for example, considering a more integrated approach to risk management and thereby shifting the focus from the partial evaluation of each risk by department/area to a more holistic view on total risk exposure.
• How such an approach affects the work of the traditional risk mitigation functions and why it is challenging, but still worthwhile to pursue and implement.

Dr Claudine Perlet, Head of Compliance and Senior Regulatory Counsel, Allianz Global Investors

• How the turbulence in the financial markets stretched insurance companies' risk management policies and procedures, and the steps being taken to strengthen risk and capital management: e.g. managing the risk of uncertainty in the valuation of assets and liabilities; managing liquidity risk; more stress testing and scenario analysis.
• The impact on customers: e.g. insurers becoming more focused on the prevention and detection of fraudulent claims; and the economic downturn leading to policy lapses but, conversely, heightened competition among insurers, resulting in better deals for customers.
• What do the regulators have in store? How developments in insurance regulation and supervision in Europe (such as the Solvency II directive) and elsewhere will impact insurance companies' approach to risk management.
• The importance of a holistic approach, spanning the entire organisation.

• Action from the authorities to improve the regulation and supervision of risk management in financial institutions, including measures proposed or implemented by the G20 leaders, Financial Stability Board, Basel Committee on Banking Supervision, and the European Commission.
• Focus on one or more of the following:
  • Chancellor Merkel's proposals for reform of the global financial system.
  • The Basel Committee: the enhancements to the capital adequacy framework, and last year's Principles for Sound Liquidity Risk Management and Supervision - the impact on risk managers.
  • The European Commission's proposed new framework for financial supervision.

Elemér Tertak, Director, Financial Institutions, Internal Market and Services Directorate-General, European Commission

• Key imperatives of risk management: establishing the firm's risk appetite, monitoring and enhancing the effectiveness of the risk framework, regulatory compliance,maintaining an enterprise-wide approach.
• Risk modelling, measurement, analysis and control: quantitative versus qualitative techniques.
• Getting it right with internal governance and clarifying responsibilities.
  • The CRO and the executive management board.
  • The supervisory board and the risk committee.
• The role of the authorities in improving risk management in financial institutions, including new regulations and enhanced supervision.