IIF GLOBAL SEMINAR RISK APPETITE FRAMEWORKS AND STRESS TESTING. September 28-29, 2016 London, United Kingdom

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1 IIF GLOBAL SEMINAR RISK APPETITE FRAMEWORKS AND STRESS TESTING September 28-29, 2016 London, United Kingdom

2 COURSE DESCRIPTION IIF GLOBAL SEMINAR: RISK APPETITE FRAMEWORKS AND STRESS TESTING Globally, boards and executives are allocating increasing resources towards embedding risk appetite frameworks and stress testing models to strengthen their businesses. This timely seminar will provide an overview of the emerging trends in risk appetite framework development, implementation, and stress testing as practiced by leading experts. The first day's sessions will address, from industry and regulatory viewpoints, how to overcome challenges related to designing and implementing a risk appetite framework. Innovative methods for embedding risk appetite, including the important element of non-financial risks, will be a key focus. On day two, experts will discuss the latest industry trends and techniques on stress testing and how to best integrate these into both group-wide and subsidiary risk management strategies. Leadership approaches will be a key discussion theme, as well as the evolving role of board and risk management functions. With a focus on practical examples from global firms and an emphasis on interactive discussion, this seminar will provide excellent opportunities to benchmark and exchange sound practices with global peers. LEARNING OBJECTIVES Discuss global trends in risk appetite frameworks and stress testing Consider policy and regulatory developments related to risk appetite and stress testing Overcome leadership challenges and emerging risks Consider change management and implementation strategies Exchange sound practices with global peers PLEASE JOIN US IN LONDON TO TAKE ADVANTAGE OF THIS UNIQUE OPPORTUNITY. IDEAL FOR SENIOR PROFESSIONALS IN: Risk Policy Treasury Compliance Finance REGISTER AT IIF.COM/TRAINING Registration is open up to one week prior to program start date or until capacity is reached. Capacity limitations may force some programs to close registration early. SEMINAR FACTS Date: September 28-29, 2016 Location: London Venue: Ernst & Young Canary Wharf offices CPD/CE: 12 hours Program Fee: - Member Firm $2000 (USD) - Non-Member Firm $3000 (USD) 2 This seminar will be eligible for CPD/CE credits through the Chartered Institute for Securities & Investment (CISI), the CFA Institute, the Global Association of Risk Professionals (GARP), the International Compliance Association (ICA) and the Chartered Banker.

3 WEDNESDAY SEPTEMBER 28 8:30 am 9:00 am REGISTRATION 9:00 am 9:15 am WELCOME AND INTRODUCTION Kate Hudson Director, Global Training, IIF 9:15 am 10:30 am SESSION 1: DESIGNING RISK APPETITE EFFECTIVELY AND EMBEDDING IT Better aligning risk appetite, strategy and capital allocation Link to reverse stress testing Embedding risk appetite in business decisions Andrew Duff, Risk Appetite Lead EY 10:30am 11:00 am COFFEE BREAK 11:00am 12:30pm SESSION 2: REGULATORY VIEW OF RISK APPETITE Global regulatory overview Links to overall risk governance Q and A David Rule, Executive Director, Prudential Policy, Bank of England 12:30 pm 1:30 pm LUNCH 1:30 pm 2:30 pm SESSION 3: IMPLEMENTATION STRATEGIES, AND LEADERSHIP SKILLS ESSENTIAL TO RISK APPETITE FRAMEWORK Developing the right strategy and ensuring appropriate skills Process, infrastructure, and environment, including risk culture Governance and changes in risk culture Impact of innovation Group Discussion Magnus Agustsson Head of Group Risk, SEB 3 2:30 pm 3:45 pm SESSION 4: PRACTICAL STEPS INCLUDING NON-FINANCIAL RISK IN RISK APPETITE Designing measures - do they influence behavior? Case study 3:45 pm 4:15 pm COFFEE BREAK 4:15 pm 5:30 pm SESSION 5: PANEL OVERCOMING PRACTICAL CHALLENGES FACED WHEN IMPLEMENTING FRAMEWORKS Setting up a risk appetite framework Challenges faced by various banks A focus on the supervisory requirements 5:30 pm 7:00 pm DRINKS AND NETWORKING RECEPTION Patricia Jackson, Senior Advisor, EY Speakers from above (and Chris Devlin, Executive Director Risk Management Division for EMEA, MUFG) 3

4 THURSDAY SEPTEMBER 29 9:00 am 10:15 am SESSION 6: LATEST TRENDS AND TECHNIQUES ON STRESS TESTING Central models The balance sheet and income statement projections Challenges and solutions Gerald Chappell, Partner, EY 10:15 am 10:45 am COFFEE BREAK 10:45 pm 12:15 pm SESSION 7: INTEGRATING STRESS TESTING INTO RISK APPETITE AND GROUP-WIDE RISK MANAGEMENT Governance approaches: group approach for implementation Challenges to implementation Ilinka Kajgana, Head of Group ICAAP and RWA, Erste Group Paulina Niedzwiecka, Head of Group Risk Appetite & Limit Steering, Erste Group 12:15 pm 1:15 pm LUNCH 1:15 pm 2:00 pm SESSION 8: EMBEDDING STRESS TESTING WITHIN A SUBSIDIARY OBSTACLES AND OPPORTUNITIES Governance approaches: subsidiary approach for implementation Challenges to implementation Chris Devlin, Executive Director Risk Management Division for EMEA, MUFG 2:00 pm 2:30 pm SESSION 9: GROUP DISCUSSION GROUP V. SUBSIDIARY Speakers from Sessions 7 & 8 2:30 pm 3:00 pm COFFEE BREAK 3:00 pm 3:45 pm SESSION 10: QUALITY ASSURANCE AND MODEL VALUATION Case studies from the industry Russell Brooks, Head of Stress Testing Assurance, RBS 3:45 pm 4:45 pm SESSION 11: PANEL DISCUSSION THE EVOLVING ROLE OF THE BOARD AND RISK MANAGEMENT FUNCTIONS Moderated by IIF Russell Brooks, RBS Hedwige Nuyens, Managing Director, IBFED 4:45 pm 5:00 pm CONCLUDING REMARKS AND WRAP UP 4

SPEAKER PROFILES Kate Hudson, Director, Global Training, Institute of International Finance Kate is the Director of IIF s Global Training team, and previously a Policy Adviser for IIF s Regulatory

There she authored eleven new conduct risk policies (including the UK s first ever corporate policy on dealing with customers in vulnerable situations ); and oversaw their implementation and training

Serving the UK s WMA as Senior Policy Advisor, present on their Board she helped to secure their first early day motion in Parliament.

5 SPEAKER PROFILES Kate Hudson, Director, Global Training, Institute of International Finance Kate is the Director of IIF s Global Training team, and previously a Policy Adviser for IIF s Regulatory Affairs team. Prior, she was a senior manager at the RBS Group Holding Company and a member of the BBA s Committee for Financial Inclusion. There she authored eleven new conduct risk policies (including the UK s first ever corporate policy on dealing with customers in vulnerable situations ); and oversaw their implementation and training in their businesses (Coutts, Natwest, Citizens, M&IB etc). Contracting for ComPeer Ltd, on their project board she quantified the costs of compliance in the UK s wealth management industry. Serving the UK s WMA as Senior Policy Advisor, present on their Board she helped to secure their first early day motion in Parliament. Prior, a compliance planning officer for MMC, and here nominated a Future City Leader by the City of London Mayor s office. A compliance manager for ACE Ltd, and a conduct policy development executive for BUPA Group- and then member of UK s ILAG Regulatory Committee. Kate is a Mediator (DC Superior Court) and holds a Postgraduate Diploma in MSc Financial Regulation and Compliance Management at London Metropolitan University, and a L.L.B. in European Legal Studies from the University of Westminster. She is also fluent in Spanish. Patricia Jackson, Senior Advisor, Ernst & Young Patricia Jackson is a member of the EY Global Regulatory Network in the Financial Services Risk Management Group. Patricia joined EY in 2004 as the Partner leading the banking risk practice and then later financial regulatory advice. She was involved in projects with the major banks globally on all the risk types as well as Basel III and stress testing. She is also increasingly involved in risk governance issues including developing an approach to setting and embedding risk appetite and risk culture. She is now a strategic adviser to EY. Prior to this she was the Head of the Financial Industry and Regulation Division in the Bank of England and represented the UK on the Basel Committee for Banking Supervision for 7 years, leading the global QIS studies and calibration of Basel II. Patricia has published a wide range of papers on market and credit risk and bank capital. She is a non-executive director on the board of the digital challenger bank Atom and is involved in setting their strategy going forward. Ilinka Kajgana, Head of Group ICAAP and RWA, Erste Group Bank AG Presently, Dr. Kajgana is responsible for the Group ICAAP and RWA. Dr. Kajgana and her teams focus primarily on standardization of these frameworks across Erste Group to attain permanent improvement in measurement and steering standards, to complement risk appetite, risk strategy and strategic limit framework. Over past 10 years Dr. Kajgana has executed various management functions in Strategic Risk Management introducing best practice and industry standards. Dr. Kajgana holds a PhD in Physics from the University of Technology in Vienna. 5

SPEAKER PROFILES Paulina Niedzwiecka, Head of Group Risk Appetite & Limit Steering, Erste Group Bank AG Paulina is currently the Head of Group Risk Appetite and Limit Steering in Enterprise-wide Risk

6 SPEAKER PROFILES Paulina Niedzwiecka, Head of Group Risk Appetite & Limit Steering, Erste Group Bank AG Paulina is currently the Head of Group Risk Appetite and Limit Steering in Enterprise-wide Risk Management at Erste Group in Vienna. In this role, she is responsible for group-wide implementation and oversight of risk appetite, risk strategy and strategic limit framework. She and her team cooperate with risk and capital management functions as well as the business to ensure proper embedding of risk appetite and strategic limits into governance, risk management processes (i.e. ICAAP and stress testing) and daily operations to drive decision making at all levels of organization. Prior to joining Erste Group, Paulina worked at several banks, consulting firms and financial institutions in Germany, US and Mexico setting up risk management functions and leading change-the-bank initiatives. Paulina holds a Master in Banking and Finance from the Warsaw School of Economics. 6

7 Accredited training on key topics in global finance

IIF GLOBAL SEMINAR RISK APPETITE FRAMEWORKS AND STRESS TESTING. September 28-29, 2016 London, United Kingdom

IIF GLOBAL SEMINAR RISK APPETITE FRAMEWORKS AND STRESS TESTING September 28-29, 2016 London, United Kingdom COURSE DESCRIPTION IIF GLOBAL SEMINAR: RISK APPETITE FRAMEWORKS AND STRESS TESTING Globally,