New Challenges for Operational Risk Measurement and Management
This Event Has Ended
The Federal Reserve Bank of Boston and the Federal Reserve Board of Governors hosted a conference on AMA implementation in May 2008. The conference provided a forum for discussion of critical issues related to the upcoming implementation of the Basel II Accord in the area of Operational Risk. Discussion topics included regulatory initiatives (e.g., results from the 2008 US Range of Practice Exercise), quantification issues, the relationship between risk measurement and risk management, home/host, scenario analysis challenges, and many others.
5:00 - 6:00 | REGISTRATION |
5:0 0 - 7:00 | COCKTAIL RECEPTION - ROOFTOP TERRACE |
Wednesday, May 14
7:30 - 8:30 | REGISTRATION AND CONTINENTAL BREAKFAST |
8:30 - 8:40 | WELCOME James Nolan, Senior Vice President, Supervision Re gulation , Credit Department, Federal Reserve Bank of Boston |
8:40 - 10:00 | OPENING REMARKS: RISK MANAGEMENT LESSONS FROM RECENT FINANCIAL TURMOIL Eric Rosengren, President , CEO, Federal Reserve Bank of Boston |
KEYNOTE ADDRESS: RISK MANAGEMENT AND BASEL II Randall Kroszner, Member of the Board of Governors, Federal Reserve System | |
10:00 - 10:30 | BREAK |
10:30 - 12:30 | BUILDING AN AMA FRAMEWORK THAT SATISFIES REGULATORY REQUIREMENTS AND MEETS BUSINESS NEEDS Jay Newberry, Managing Director and Head of Operational Risk, Citigroup Joseph Sabatini, Managing Director and Global Head of Operational Risk, JPMorgan Chase John Walter, Senior Vice President for Risk ,
Capital Analysis, Bank of America |
12:30 - 2:00 | LUNCH |
2:00 - 3:30 | CHALLENGES AND EXPERIENCES IN AMA IMPLEMENTATION Mike Constantinou, Head of Operational Risk Framework
and Measurement, Barclays Group Michael Kalkbrener, Vice President, Risk Analytics , Instruments, Deutsche Bank Marc Leipoldt, Senior Risk Reviewer, ABN AMRO Bank |
3:30 - 4:00 | BREAK |
4:00 - 5:00 | THE 2008 LOSS DATA COLLECTION EXERCISE Harvey Crapp, General Manager, Credit , Operational Risk Services, Australian Prudential Regulation Authority Mark O'Dell, Deputy Comptroller for Operational Risk, Office of the Comptroller of the
Currency |
5:00 - 7:00 | COCKTAIL RECEPTION -- HARBORVI EW DINING ROOM |
Thursday, May 15
7:45 - 8:30 | CONTINENTAL BREAKFAST |
8:30 - 8:35 | WELCOME Adrienne Haden, Assistant Director - Banking Supervision and Regulation, Federal Reserve Boa rd of Governors |
8:35 - 9:20 | Roger Cole, Director of Banking Supervision and Regulation, Federal Reserve Board of Governors |
9:20 - 10:20 | RE SULTS FROM THE 2007 US RANGE OF PRACTICE EXERCISE Patrick de Fontnouvelle, Vice President, Federal Reserve Bank of Boston Steven Strasser, Senior Advisor Operational Risk, Office of the Compt roller of the Currency (presentation: 2007 U.S. Operational Risk Range of Practice - An Update) |
10:20 - 10: 45 | BREAK |
10:45 - 12:15 | INTEGRATING OPERATIONAL RISK MEASUREMENT AND MANAGEMENT Don Rosenthal, Senior Vice President, En
terprise Risk Management, State Street Bruce Stevenson, Senior Vice President - Econo
mic Capital , ICAAP, HSBC USA Kevin Storm, Senior Vice President, Economic Capital , Market Risk, U.S. Bank |
12:15 - 1:45 | LUNCH |
1:45 - 3:00 | REGULATORY CHALLENGES FOR IMPLEMENTATION AND QUALIFICATION - GLOBAL PERSPECTIVES Harvey Crapp, General Manager, Credit , Operational Risk Services, Australian Prudential Regul ation Authority Tsuyoshi Oyama, Deputy Director General, Financial Systems and Bank Examination, Bank of Japan Andrew Sheen, Manager, Operational Risk Policy Team, UK Financial Services Authority Martin Sprenger, Head of Market , Operati onal Risk, Swiss Federal Banking Commission |
3:00 - 4:15 | REGULATORY CHALLENGES FOR IMPLEMENTATION AND QUALIFICATION - U.S. PERSPECTIVES Kevin Baile y, Deputy Comptroller for Regulatory Policy, Office of the Comptroller of the Currency Roger Cole, Director of Banking Supervision and Regulation, Federal Reserve Board of Governors Eric Hirschhorn, Senior Financial Economist, Supervision Polic y Office of Thrift Supervision Mark Schmidt, Regional Director, Atlanta Region, Federal Deposit Insurance Corporation |
4:15 | CONFERENCE ADJOURNS |