Thursday, April 30
8:15-9:30 a.m. Role of ERM in Regulation
Moderator: Paul Horgan, PriceWaterhouseCoopers LLP
Presenters: Douglas Webster, US Department of Labor; Colin Lawrence, Prudential Risk Management Division; Rick Shaw, The Bermuda Monetary Authority; Matthew Feldman, FHLB Chicago; Nancy Bennett, American Academy of Actuaries
Recent events have highlighted the tight connections linking all sectors and regions across the global economy. Financial markets in particular have undergone substantial transformations, precipitating rapid actions by central banks and other regulatory institutions to maintain market liquidity and funding availability. ERM provides a disciplined management approach for firms to operate in this dynamic environment by taking a strategic and holistic view of risk management across an organization. In this session, experts will explore the impact of regulating agency actions on ERM practice, the importance of ERM concepts in developing a robust financial system going forward, the issues dominating policy debates and the opportunities for ERM to inform future policy discussions.
3:30-4:45 p.m. Modeling Lessons Learned
Moderator: Tom Hettinger, EMB America
Presenters: Dan Rodriguez, Credit-Suisse; Sameer Vittal, General Electric-Energy; Anthony Dardis, Barrie & Hibbert Inc; Leo Tilman, L.M. Tilman & Co.
One result of the current turmoil in the financial markets is that risk management has come under increased scrutiny and criticism-some of it well deserved. This poses a unique challenge and opportunity to risk management professionals. This session is intended to address general lessons that can be learned to improve the modeling and management of risk.
Experts will focus not just on the lessons from recent events, but also modeling lessons that those charged with managing risk for insurance and financial firms may be able to learn from those in other industries.
Friday, May 1, 2009
8:00-9:15 a.m. View from the Top: 360 Degree Perspective
Moderator: Lori Ramos-Marilla, Platts
Presenters: Allan Mendelowitz, Federal Housing Finance Board; Jim Rich, Tenaska, Stephen Mildenhall, AON Benfield Analytics; James Allison, ConocoPhillips
Take part in this unique opportunity to discuss the critical role that the board of directors plays in enterprise risk management. This general session will provide a candid and thought-provoking discussion on how to improve board risk oversight and risk management, including lessons learned from the global financial crisis. The role of the Board in ERM will be discussed from a 360-degree perspective:
- A board member’s perspective in terms of the board’s role in ERM and risk management oversight
- An internal CRO perspective on leveraging the role of the board, as well as providing effective board communication and reporting
- An external perspective from a regulator and investor viewpoint with respect to their expectations for board oversight and disclosure requirements
2:00-3:15 p.m. Ask the Experts
Moderator/Panelists: Prakash Shimpi, Towers Perrin
Panelists: Eugene Connell, Erie Insurance Group; Jeff Vernor, Russell Investments; Robert Mark, Black Diamond Risk
The closing remarks session promises to be a remarkable session to conclude the symposium, and those who attend will be duly rewarded. Risk management experts from the symposium’s extended faculty will respond to questions from the audience. This will challenge the attendees to think about thought-provoking issues and how to best address them in the real world. Audience participation with short questions and comments is welcomed and encouraged. This is your chance to ask the questions you are most concerned about!