CAS:WG: Risk
Seminar
With Thanks To Our Event Sponsors:
- Introduction by KS - Welcomed attendees to 1st launch meeting
- Thanks to Crowe Horwath for hosting event
Agenda:
- MP restated key messages from CAS WG February launch meeting
- MP stated that the market faced unprecedented scale of change resulting from legacy regulation and the raft of new legislation as a consequence of the global financial crisis.
- As a consequence of the global financial crisis and some high profile failures risk has taken centre stage from a regulatory point of view
- It should be acknowledged that risk can no longer be addressed within its historical verticals - market, credit, operational, liquidity etc. but are intrinsically linked through the pre-trade and post - trade lifecycles.
- The anticipated changes in the post-trade landscape will have significant impact on how firms manage risk in the future and particularly some key activities such as collateral management and utilisation of capital.
- MP provided overview of proposed governance structure and invited attendees to indicate their interest in leading the subject group
MP opened the floor for questions
- MP asked attendees whether they thought the existence of such a group added value
- The majority agreed there was value and acknowledged that there needed to be a different approach to managing risk in the future
Background:
The Risk Subject Group is focused upon:
- Counterparty Risk – default management
- CCP default Risk
- Collateral Risk
- Operational Risk (Société Générale, UBS, JPMorgan)
- Market Risk (Eurozone)
- Enterprise Risk Management versus the silo approach
- Senior management engagement in risk management
The Group has nominated Paul Young, Associate Director for Business Risk Services at Grant Thornton as its Chair
Date
Thursday, 29 March 2012
Time
16:30 BST
Cost
Free
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Speaker(s):
-
Professor Michael Mainelli
Executive Chairman
Z/Yen Group
