LESSONS LEARNT FROM THE FINANCIAL CRISIS Register
Agenda - Singapore

Thursday 12th November 2009 - Hilton Singapore

08:00
Registration and Breakfast


08:55
Chairman's Opening Remarks

Sundeep Tucker, Asia Financial Correspondent, Financial Times

09:00 Better regulation and supervision: a regulator's view of risk management
  • Does the present framework cater for managing systemic risks in securities and derivatives markets? Singapore Exchange shares its observations as a central trading venue and clearing house.
  • The financial crisis has demonstrated that it requires more than just financial prudence in today's increasingly complex and connected marketplace. Will greater transparency of the markets, sufficiency and reliability of information ensure the sustainability of future marketplace?

Yeo Lian Sim, Head of Risk Management and Regulation, Singapore Exchange


09:25 Investment management: a fresh approach to risk
  • Plummeting asset values and liquidity shortages had put traditional and alternative investment managers under pressure - how did risk management frameworks help, if at all?
  • What are the key elements of a risk management framework in an asset management context and how has the crisis impacted these?
  • The implications of better risk management, enterprise-wide, for investors – the customers – and the link with regulatory developments in Singapore

Trevor Persaud, Head of Investment Risk Oversight and Performance Analysis, Prudential Asset Management and Head of the Risk and Performance Committee, Investment Management Association of Singapore (IMAS)


09:50 Banking: the operational risk dimension
  • Operational risk management in an enterprise-wide risk management (ERM) context.
  • The financial crisis and the operational risk issues raised.
  • Standard Chartered’s approach to managing those issues in practice.
  • Looking ahead.

Rajit Punshi, Head, Group Operational Risk Policy, Group Operational Risk, Standard Chartered


10:15 Panel session: what role does risk management now play in organisations, who is ultimately responsible and what are the chief regulatory considerations?
  • 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.
  • The role of the authorities in improving risk management in financial institutions, including new regulations and enhanced supervision.
Panel Moderator:
Sundeep Tucker, Asia Financial Correspondent, Financial Times
 
Panelists:
Prof. Joseph Cherian, Professor of Finance and Director of the Centre for Asset Management Research and Investments, National University of Singapore Business School
 
John Foulley, Financial Services Strategy, SAS
 
Mike Fowlds, Head of Risk and Actuarial Management, Asia,, Swiss Re
 
Sudipto Ghatak, Managing Director and Head of Credit Risk Management, South and South East Asia, Australia, New Zealand, Investment Banking Division, Credit Suisse

11:00
Concluding remarks
 
John Foulley, Financial Services Strategy, SAS

11:10
Chairman's summing up

11:15 Close of seminar and refreshments

 

 



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