Remind meProgramme - Day 2
Wednesday 30th September 2009
09:00 Chairman’s opening remarks
09:10 KEYNOTE
Reassessing the role of regulators in response to the credit crisis
• Causes and regulatory consequences of the current crisis
• The Turner Review proposals
• A synthesis of Turner and revision of Basel/CAD
• Towards the implementation of a new regulatory architecture
• Prudential macro supervision and systemic risk
Colin Lawrence, Director, Prudential Risk Division, Financial Services Authority
09:50 PANEL - EXTENDED SESSION
Liquidity risk management: developing best practice and implementing new
regulation
• Assessing new liquidity management frameworks
• Liquidity buffers
• Internal and external liquidity reporting
• Intra-group cross-border liquidity management
• Measuring and managing the full range of liquidity risk including intraday and
contingent
• How has implementing new frameworks gone? Have they solved the root problems?
Cato Baldvinsson, Head of Group Treasury,
Danske
Bank
Timothy Buenker, Policy Advisor, Prudential Capital and Risk,
British Bankers'
Association
Claude Grandfils, Deputy Head of Financial Management Division,
Credit
Agricole SA
Colin Lawrence, Director, Prudential Risk Division,
Financial Services
Authority
Guido Schaetti, Head Corporate Risks and Governance,
Swiss Reinsurance Company
10:50 Morning break
11:20 Examining the future of banking
• Analysis of papers and their likely impact on the industry, including:
− Walker review (corporate governance) and Turner review (leverage and core
funding ratios, pro-cyclicality and bank structure)
− FSA consultation papers: liquidity, stress testing (for capital depletion,
including reverse stress testing), remuneration
− BIS and EU enhancements to Basel II and CRD frameworks: securitisation,
trading book and market risk
− International accounting standards: dealing with problems caused by mark to
market valuations
• Steps banks will have to take to comply with the evolving regulatory demands
Irving Henry, Policy Director, Prudential Capital & Risk, British Bankers' Association
12:00 The Future of MCEV
• A brief history
• Hot topics
• ALM as a tool to increase MCEV
• A personal view
Steven Vanduffel, Associate Professor, Vrije Universiteit Brussel
12:40 Lunch
13:40 Capital management in challenging times
• The Bank of Ireland experience
• Improving capital in a severe downturn
• Rising capital expectations
• Liability management role
• Other capital enhancement options
Brian Kealy, Head of Capital Management, Bank of Ireland
14:20 Towards the next level of the Solvency 2 project: CEIOPS and Level 2
• Lessons from the crisis
• Assessing the Level 1 Directive
• Progress in developing advice for Level 2 measures
• Responses to Consultation Papers
• Timelines for the implementation of Level 2 measures
• Issues to be addressed in QIS 5
• What should the industry be doing to prepare for Solvency II?
Carlos Montalvo Rebuelta, Secretary General, CEIOPS
15:00 Afternoon break
15:30 PANEL
Marking to market when there is no market
• Examining the effect of mark to market accounting
• Assessing the necessity for marking to market
• The importance of consistency
• Dealing with procyclicality
• Mark to market vs. mark to model
• What’s the alternative?
Cato Baldvinsson, Head of Group Treasury,
Danske
Bank
Halvor Hoddevik, Head of Risk Advisory,
Arctic Securities
Peter Quell, Head of Portfolio Modelling,
DZ Bank
Bernhard Wondrak, Head of Treasury Control,
Commerzbank AG
16:10 Managing investment guarantees in a time of financial crisis
• Investment strategy for insurance companies
• The importance of diversification
• How to stabilise your investment result
• Minimising the cost of offering investment guarantees
