Programme

8:20 Morning registration

8:50 Chairman’s opening remarks

Curt McDonald, Head of Risk, GORDIAN CAPITAL

9:00 KEYNOTE ADDRESS: On risk and uncertainty

Guy Debelle, Assistant Governor (Financial Markets), RESERVE BANK OF AUSTRALIA

9:30 RISK & REWARD ROUNDTABLE: The outlook for risk in the financial markets

Are we heading for a double-dip?
Destructive debt – the outlook for sovereign risk and its impact on Australia; Have the EU emergency measures worked in stifling the Greece contagion?
Aftermath of the GFC – has "business as usual" been redefined?

Guy Harding, Chief Risk Officer, Business and Private Banking, CBA
Chris Plater, Chief Investment Officer, CHALLENGER
Chris Caton, Chief Economist, BT FINANCIAL GROUP
Moderator: Curt McDonald, Head of Risk, GORDIAN CAPITAL

10:15 KEYNOTE ADDRESS: Global risk landscape

Rachel Phelan, Partner, Financial Risk Management, KPMG

10:45 Coffee Break

STREAM 1

11:15 Chairman's remarks

Aaron Minney, Head of Investment Research and Development, COLONIAL FIRST STATE GLOBAL ASSET MANAGEMENT

11:20 PANEL DISCUSSION: Portfolio construction and asset allocation

Is asset allocation in Australia too “growth” oriented? What are the alternatives?
Why are people reluctant to talk about asset allocation?
Would the development of a 30 year market require a package of polices?
Is taxation skewing Australian asset allocation towards risky assets?
Risk management: managing for tail risk, exposure management, equitization of cash, better use of beta
Where do corporate bonds fit in an asset allocation framework?

Chris Loong, Head of Currency and Asset Allocation, STATE STREET GLOBAL ADVISORS
Robert Mead, Head of Portfolio Management, PIMCO AUSTRALIA
Mathew McCrum, Director, Investments, OMEGA GLOBAL INVESTORS
Moderator: Stephen Nash, Director, Strategy and Market Development, FIIG SECURITIES

12:05 PRESENTATION: RMBS performance - analysis and outlook

A regional approach to analyzing RMBS performance
Assessing the outlook for RMBS in the near and medium-term
Identifying key risks and areas for future investigation
Using computer modeling software and alternative scenarios to forecast portfolio performance

Matt Robinson, Senior Economist, MOODY’S ANALYTICS

12:35 Networking Lunch

13:30 PANEL DISCUSSION: Commodities and inflation

What is the role of commodities in a portfolio?
Do commodities possess inflation-hedge attributes?
Can they serve as an adequate substitute for inflation-linked bonds?
What are the pitfalls of using commodities as an inflation-hedge?

Alexander Toone, Managing Director, Head of Commodities Asia, CREDIT SUISSE
Roz West, Executive Director, Co-Head of Commodities, GOLDMAN SACHS & PARTNERS
Aaron Minney, Head of Investment Research and Development, COLONIAL FIRST STATE GLOBAL ASSET MANAGEMENT
Moderator: Justin Tyler, Portfolio Manager, Fixed Income, ABERDEEN ASSET MANAGEMENT

14:15 PANEL DISCUSSION: Active v. Passive Investment and the role of ETFs

What are the benefits of passive investment over active?
Dispelling the myth of ETFs – more than just a passive investment strategy
Using ETFs in portfolio construction

Robert Mead, Head of Portfolio Management, PIMCO AUSTRALIA
Stuart Dear, Portfolio Manager, Fixed Income, ABERDEEN ASSET MANAGEMENT
Drew Corbett, Head of Product & Strategy, BETASHARES
Moderator: George Vassos, Managing Director, OMEGA GLOBAL INVESTORS

15:00 EXECUTIVE ADDRESS: The fund of the future – challenges and solutions for the superannuation industry in meeting return objectives

How will funds better manage their portfolio allocations in the future
Managing risk to improve returns and create value
Practical steps to improve investment outcomes
Cooper review – Death knell or wake up call for the industry?

Troy Rieck, Managing Director, Capital Markets, QIC

15:30 Coffee break

16:00 PANEL DISCUSSION: How do investment banks work with the pension fund market?

Do investment banks provide cheaper and more efficient beta
Do they provide better access to index strategies?
Are they better equipped provide alpha via bespoke strategies?
Can they help risk management via FX, equities and interest rates capabilities?
Can IBs add value to cash positions via lending facilities or borrowing positions?

Adriaan Ryder, Managing Director, Strategy, QIC
Kent Sutherland, Head of Equities, VICTORIAN FUNDS MANAGEMENT CORPORATION
Lucas Kiely, Director, Head of Equity Derivatives, CREDIT SUISSE
Moderator: Graham Harman, Director, Capital Markets Research, RUSSELL INVESTMENTS

16:45 ROUNDTABLE: The globalization of regulations and their impact

Beyond Basel 3 – what are the problems in applying a globally encompassing standard to Australia?
Is compliance necessary/mandatory? Anticipating and adapting to changes. Who will it impact the most?
What is the potential for broader regulatory changes in the US and Europe to impact Australia?

Steve Munchenberg, Chief Executive Officer, ABA
Bruce LeBransky, Principal Advisor, Financial Risk Management, KPMG
Edmund Bosworth, Head of Risk-Reward, WESTPAC
Moderator: Ian Paterson, Partner, MALLESONS STEPHEN JAQUES

17:30 Closing remarks

Curt McDonald, Head of Risk, GORDIAN CAPITAL

17:35 End of conference

Stream 2

11:15 Chairman's remarks

Mike Ritchie, Partner, Financial Risk Management, KPMG

11:20 PANEL DISCUSSION: The thirst for liquidity - anticipating and preparing for changes to liquidity and capital requirements

What are the anticipated changes to liquidity and capital requirements? Analysing various scenarios and outcomes, including the most recent announcements by Basel and APRA
How will changes impact funding? Will there be an increased reliance on wholesale funding over short-term funding?
What effect will these liquidity and capital changes have on the structure of the funding/banking system?
What asset classes satisfy the requirements?

Michael Allen, General Manager, Treasury, Client & Risk Services, NSW TREASURY CORPORATION
Ian Paterson, Partner, MALLESONS STEPHEN JAQUES
Simon Maidment, Head of Group Funding & Execution, CBA
Moderator: Ram Doss, General Manager, Risk & Performance Measurement, TREASURY CORPORATION OF VICTORIA

12:05 PRESENTATION: Compression and reconciliation – Critical tools for OTC derivative processing

Efficiently reducing risk and cost
A network community approach to portfolio reconciliation
An update about the Interest Rate Trade Reporting Repository (IRTRR)

Peter Weibel, Chief Executive Officer Asia Pacific, TRIOPTIMA

12:35 Networking Lunch

13:30 PANEL DISCUSSION: Developments in OTC clearing

What is the impact of new regulations in the US on Australia, particularly from the view of hedge funds, SWFs and regional banks?
Is clearing a cure-all for financial markets? Or does it merely help in the orderly unwinding in occurrences of default?
Is clearing another method of shifting risk?
Will governments stand by central clearing parties?

John Feeney, Global Head of Rates and Credit, NATIONAL AUSTRALIA BANK
Jon Gregory, Independent Expert, Counterparty Risk
Peter Weibel, Chief Executive Officer Asia Pacific, TRIOPTIMA
Moderator: David Love, Director, Policy & International Affairs, AUSTRALIAN FINANCIAL MARKETS ASSOCIATION

14:15 PANEL DISCUSSION: Culture shock - how are lessons from the GFC changing the way organisations view risk governance?

Adding value through “risk management” - should risk management be mandated?
The value of KRIs and other mechanisms in driving performance
Developing a holistic risk-management approach – taking a vertical and horizontal view of risk
What is the role of company directors in risk management?

Michelle Mott, Head of Risk Management and Change, Group Operational Risk, WESTPAC
Dr. Patrick McConnell, Visiting fellow, MACQUARIE UNIVERSITY APPLIED FINANCE CENTRE
John Corr, Founder & Managing Director, FORTITUDE CAPITAL
Moderator: Colleen Cassidy, Director, PROMONTORY

15:00 PRESENTATION: Monte Carlo Value at Risk and Counterparty Credit Risk across all asset classes and instrument types

Industry standard and cutting edge models for pricing liquid instruments and structured products
Hybrid model framework for pricing cross-asset deals: joint calibration and accounting for correlations between asset classes
Monte Carlo Value-at-Risk – industry standard “brute force” approach for liquid instruments and Numerix One-Step approach for structured products
Counterparty Credit Risk: Counterparty Credit Exposures (Basel II) and Credit Valuation Adjustment (Basel III)

Serguei Issakov, Senior Vice President, Quantitative Research and Development, NUMERIX

15:30 Coffee break

16:00 PANEL DISCUSSION: How do investment banks work with the pension fund market?

Do investment banks provide cheaper and more efficient beta
Do they provide better access to index strategies?
Are they better equipped provide alpha via bespoke strategies?
Can they help risk management via FX, equities and interest rates capabilities?
Can IBs add value to cash positions via lending facilities or borrowing positions?

16:45 ROUNDTABLE: The globalization of regulations and their impact

Beyond Basel 3 – what are the problems in applying a globally encompassing standard to Australia?
Is compliance necessary/mandatory? Anticipating and adapting to changes. Who will it impact the most?
What is the potential for broader regulatory changes in the US and Europe to impact Australia?

17:30 Closing remarks

Curt McDonald, Head of Risk, GORDIAN CAPITAL