Programme

Programme

15 August 2019 - Four Seasons Hotel Sydney

 

08:00

Registration

08:55

Welcome remarks

Chairperson: Elizabeth Sheedy, Professor, MACQUARIE UNIVERSITY

09:00

Keynote address: Risks to the Outlook

Guy Debelle, Deputy Governor, RESERVE BANK OF AUSTRALIA

Stream 1: Risk and Regulations Stage

09:30

Outcomes of the Royal Commission: What has changed?

  • How are regulatory changes shaping the financial landscape in Australia?
  • What building blocks have been put in place to transform Australia's risk and compliance culture?
  • How to embed good conduct, compliance and risk management in the business at a strategic level?
  • How has the Royal Commission impacted the Risk and Compliance profession?

Vasyl Nair, Chief Risk Officer, MINE SUPER
Suzette Thurman, Group Executive, Risk and Compliance, FIRST STATE SUPER
Christine Traquair, Chief Risk Officer, Banking and Wealth, SUNCORP

Moderator:
Silvana Wood, Counsel, ASHURST

10:10

Building trust post Royal Commission report and managing conduct risk vulnerabilities

  • Fundamental drivers of misconduct in the financial services
  • Diagnosing risk appetite to effectively manage conduct risk
  • Identifying conduct risk “hot-spots” and designing strategies to overcome them
  • APAC bank board risk committee
  • Striking a healthy balance between managing conduct risk, market agility and spending
  • What pre-emptive enterprise-wide solutions are there?

Martha Fetner, Director, Senior Learning Partner, MOODY’S ANALYTICS
Alison Telfer, Managing Director, General Counsel and Head of Compliance for Australasia, BLACKROCK
Ruby Yadav, Chief Risk Officer, UNISUPER MANAGEMENT

Moderator:
Ian Bolster
, Partner, ASHURST

10:50

Morning Tea

11:20

Executive Keynote Address: Emerging Threats and Harms

John Price, Commissioner, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

11:50

What is the relevance of global benchmark reform and the future of LIBOR in Australia

  • End of LIBOR and its affects in Australia
  • Fate of BBSW and the mixed approach and need for a term RFR in Australia
  • Updates on the various alternate rates SOFR, SONIA, TONAR, SARON, and EONIA
  • Advantages and disadvantages of new alternative risk-free rates

Andrew Kennedy, Director,  Treasury Services, SAFA
Ravi Pandit, Executive Director, Foreign Exchange and Interest Rate Products, Asia Pacific, CME GROUP
Anke Raufuss, Partner, MCKINSEY & COMPANY

Moderator:
John Feeney
, MARTIALIS CONSULTING

12:30

Cognitive Compliance: Infuse operational risk and compliance with Natural Language Understanding

  • Improvements in how regulations can be categorized into obligation using AI
  • How AI can help with application of controls 
  • Proposed benefits from AI in the compliance space

Stephen Fox, Head of Risk and Compliance, IBM ASIA PACIFIC

Stream 2: Global Markets Stage

09:30

Global market uncertainty: Top Australian investment challenges and opportunities in 2019

  • Trade tension and effects on investment confidence
  • Will market gains be sustained through global uncertainty?
  • Australian supers going global and seeking opportunities
  • Reactions to 2018 swings and outlook for different asset classes

Elliot Clarke, Director and Senior Economist, WESTPAC INSTITUTIONAL BANK
Stuart Eliot, Senior Portfolio Manager, PENDAL GROUP
Brian Redican, Chief Economist, NSW TREASURY CORPORATION
Theo Vosnidis, Head of Investment Risk and Compliance, CBUS SUPER

Moderator:
Blake Evans-Pritchard
, Deputy Bureau Chief, Asia, ASIA RISK

10:10

Navigating the regulatory maze: Initial Margin for OTC derivatives

  • Phase 4 & 5- Impact on OTC participants across APAC
  • New Phase 6 implications for the market
  • SIMM, backtesting, benchmarking and other obligations
  • Pairings across jurisdictions- Which regulatory regime applies?
  • Triparty vs Third Party segregation
  • Challenges for buy-side- how to source liquidity and access collateral?

Fireside Chat:

Robert Fievez, Director, Financial Services, Risk and Regulation, PWC
Filippo Santilli, Managing Director, APAC Head of Liquidity and Segregation, BNY MELLON, HONG KONG

10:50

Morning Tea

11:50

 Collateral Management 2019 and beyond

  • Triparty as a flexible tool for repo, lending and IM
  • Bilateral vs triparty collateralisation
  • Benefits of triparty
  • The challenges of unlocking liquidity in Asian markets
  • The Future of Collateral

Tony Smith, Head of Collateral Management Product, Asia Pacific, BNY MELLON CLEARANCE AND COLLATERAL

12:30

Global Rates Benchmark Reform: Industry Status and LCH Priorities

  • Benchmark reform: background & current status
  • The transition process for benchmark reform
  • LCH priorities for 2019 and beyond
  • Next steps

Kate Birchall, Head of Asia Pacific, LCH

13:00

Lunch

13:00

Women in Leadership: Building a New Normal

  • Key strategies in driving change in culture
  • Recent regulatory and organisation initiatives around diversity
  • How businesses benefit from diversity in their top leadership positions
  • Inspirational personal journeys to becoming influential leaders in their industries
  • Strategies to overcome common workplace challenges

Lynn Donohue, Associate Director, Group Compliance, Risk, NATIONAL AUSTRALIA BANK 
Niki Kesoglou, Former Global Head of Diversity and Inclusion, QBE
Bronwyn Tan, Head of Tax, BlackRock Investment Management

Moderator: 
Elizabeth Sheedy, Professor, Macquarie University

Stream 1: Risk and Regulations Stage

13:50

Credit Risk in Australia

  • Where are the pressure points in Australia’s debt profile?
  • Implications of high household debt and outlook

Tim Baker, Macro Strategist, and Head of Macro Research, DEUTSCHE BANK AUSTRALIA/NZ
Michael Blythe, Chief Economist & Managing Director, CBA
David Robertson, Head of Economic and Market Research, BENDIGO AND ADELAIDE BANK LTD    

Moderator: 
Katrina Ell, Assistant Director – Economist, MOODY’S ANALYTICS

14:30

Financial Crimes - An AI based approach to improve screening of transactions and payments 

  • The increasing effects of fraud and why better solutions are needed
  • Changing views of AI from regulators and financial institutions
  • Parties who could potentially be involved in financial crimes and how to correlate these
  • Use cases where fraud has been successfully reduced and avoided

Steven Scheurmann, Head of Financial Crime Insights, IBM ASIA PACIFIC

Stream 2: Global Markets Stage

13:50

Making the transition - move from legacy to new IBORs and benchmarks

  • Inventory of existing to establish impact assessment. Where to look and what to look for.
  • Quantitative and qualitative impact. What to consider on liquidity, hedge effectiveness, securitisation, investment mandates, tax, accounting, etc.
  • Timeline for preparations assuming market will move ahead of Libor cessation in Dec 2021.
  • Transition optimisation timing. How to spot and create efficiencies during a well-managed transition.

Ross Allen, Managing Director, IHS Markit
Blake Evans-Pritchard, Deputy Bureau Chief, Asia, ASIA RISK

14:30

FRTB and risk management

  • Reviewing the latest FRTB consultations
  • Standardised Approach vs Internal Model Approach in the region and Australia
  • Practical Examples of Implementing different approaches of FRTB
  • Applications of FRTB in Regional vs International banks
  • Overcoming P&L Attribution Challenges and P&L Calculation
  • Addressing the Data Challenges of FRTB

Rick Williamson, Head of Markets Risk Analytics, ANZ 

15:00

Craft Beer Industry roundtable – Future building blocks in the finance industry

Grab a cold one and take the day’s most interesting issues to engage with your peers in small, interactive roundtable discussions and continue the debate.

Roundtable A: AI/ML in risk management

  • Steven Scheurmann, Head of Financial Crime Insights, IBM ASIA PACIFIC

Roundtable B: Benchmark reform  

  • Tom Highnam, Partner, ALLENS
  • Yu Zhang, Managing Associate, ALLENS

Roundtable C: Conduct risk and compliance

  • John Feeney, MARTIALIS CONSULTING

Roundtable D: Internationalisation of RMB

  • Kathy Walsh, Professor, Finance and President of FIRN, Finance Discipline Group, UTS Business School, University of Technology Sydney
15:50

Harvest Session: Each host will share the key takeaways following their roundtable discussion

16:30

Closing remarks