• 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. 
• The implications for customer relationships:  how tougher credit risk management has led to more restrictive lending regimes, and what banks are doing to resolve this issue.
• New challenges: the US Treasury's "Framework for Regulatory Reform"; 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.

Malcolm Griggs, Managing Director and Head of Risk Management, Retail Banking Group, Morgan Stanley and Chairman, Risk Management Association

• How plummeting asset values and liquidity shortages have put traditional and alternative investment managers under pressure, and made their risk management frameworks creak at the seams.
• What investment managers are doing to improve their risk management by, for example, following the recommendations on risk management in reports by the Institute of International Finance and the Counterparty Risk Management Policy Group III.
• The implications of better risk management for investors - the customers.
• The impact of US and global regulatory reform on how risk and capital is managed in investment firms.
• Enterprise-wide risk management as a way of meeting the challenges. 

• How the turbulence in the financial and credit markets has challenged insurance companies' risk management policies and procedures, and the steps being taken to strengthen risk, liquidity and capital management. 
• Opportunities that have come out of the turbulence in the financial markets. 
• How developments in financial services regulation and supervision in the US and globally will impact the approach to risk management.
• The importance of a holistic approach, spanning the entire organisation including capturing, quantifying and communicating all risks of the enterprise.

• 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 US Treasury. 
• Focus on:
  • The US Treasury's "Framework for Regulatory Reform".
  • 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.

• Key imperatives of risk management: establishing the firm's risk appetite, monitoring and enhancing the effectiveness of the risk framework, 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.