Thursday, June 05, 2008
8:00 AM - 9:00 AM
Continental Breakfast



9:00 AM - 9:15 AM
Conference Chairman's Welcoming Remarks

James Wiener
Head of Finance & Risk Practice
Oliver Wyman



9:15 AM - 9:45 AM
Keynote: Financial Market Outlook

Mr. Schlossberg will provide a macro overview of the credit crunch, including causes and effects on the outlook for economic growth, the dollar, interest rates, and the longer-term implications for the financial market.

Gary Schlossberg
Vice President & Senior Economist
Wells Capital Management



9:45 AM - 10:15 AM
Keynote: Into the Unknown

Mr. Lederman will talk about how to manage risk when history no longer presents a guide, and when models and risk measures based on past data prove unreliable.

Jess Lederman
Senior Managing Director & Chief Risk Officer
Countrywide Financial Corporation



10:15 AM - 10:45 AM
Morning Refreshment & Networking Break



10:45 AM - 11:15 AM
Keynote

Ms. Meadow will address the importance of recognizing the broad range of risk and how crucial it is to view all areas of risk as part of a seamless flow of risk analysis that contributes to the sustainable profitability of your organization.

Patricia Meadow
First Deputy Superintendent
New York State Banking Department



11:15 AM - 12:15 PM
Regulatory Developments

• How to organize a program that will meet both regulatory expectations and add value to the company
• Managing liquidity risk
• Treasury and balance sheet issues
• Basel II readiness and implementation
• What banks should expect from supervisors, and vice versa

Moderator:
James Wiener
Head of Finance & Risk Practice
Oliver Wyman

Panelists:
Grovetta Gardineer
Managing Director for Supervision Policy
Office of Thrift Supervision

Victoria Garrity
Senior Quantitative Analyst
Federal Reserve Bank of Boston

Patricia Meadow
First Deputy Superintendent
New York State Banking Department

Alfred Seivold
Senior Examination Specialist, DSC/Large Bank Group
Federal Deposit Insurance Corporation

Steven Strasser
Senior Advisor, Operational Risk
Office of the Comptroller of the Currency



12:15 PM - 1:15 PM
Luncheon with Speaker for All Participants

Are All Nonprime Consumers Really Nonprime?

Presenter: Barrett Burns, President & CEO, VantageScore Solutions, LLC

Sponsored by




12:15 PM - 1:45 PM
RISK Dialogue (invitation only)



1:15 PM - 1:45 PM
Dessert & Networking Break



1:45 PM - 2:45 PM
Key Components of an Effective Enterprise Risk Management Framework

This session will examine developing a platform that better assesses the interplay of risks and compliance-related activities and functions across the institution. The primary focus is simplifying the approach, relieving the burden of the business, and finding the breakage in the system.

• What does enterprise risk management mean?
• The factors that drive why ERM is important and how it is changing and developing
• Building a more collaborative, coordinated and transparent approach to compliance-related activities
• Developing a consistent approach across all business lines
• Embedding risk management as part of the culture of an organization
• Helping the business units improve their decision-making
• Determining the next strategic challenges facing financial institutions and risk managers

Moderator:
James H. Caldwell
Partner
Deloitte & Touche LLP

Panelists:
Philip K. Chamberlain
Managing Director & Head of Credit Modeling
Bank of New York Mellon

Joe Rizzi
Senior Investment Strategist
CapGen Financial Group



2:45 PM - 3:45 PM
The Convergence of Interest Rate, Credit & Market Risk

• Current state and evolution of the credit capital markets
• Challenges and issues with market illiquidity
• Potential new structures and solutions
• Modeling credit structures and portfolio credit risk
• Potential regulatory developments

Moderator:
Michael Zeltkevic
Partner
Oliver Wyman

Panelists:
Oliver Dunsche
Director & Head of Credit Derivative Structuring
Barclays Capital

Narin Seera
Vice President & Chief Risk Officer, Consumer Lending Division
First National Bank of Omaha

John Stewart
Senior Vice President, Economic Capital Group
Washington Mutual



3:45 PM - 4:15 PM
Afternoon Refreshment & Networking Break



4:15 PM - 5:15 PM
Systemic Risk: Lessons Learned from the Credit Crunch, Subprime Crisis & Liquidity Scare

• How did we get here? What went wrong?
• What could have been done differently? What needs to be fixed?
• How to make money when housing prices are falling and lending standards are tightening
• Appointing more effective internal controls to weather the next market crisis
• What can be done to mitigate future meltdowns?
• How do you repair reputational damage?
• Dealing with increased regulatory and rating agency scrutiny

Moderator:
Richard Apostolik
President & Chief Executive Officer
Global Association of Risk Professionals, Inc.

Panelists:
James Costa
Senior Vice President, Head of Portfolio Strategies
Wachovia

Ray Duggins
Chief Risk Officer
GE Money Consumer Lending

Leo Tilman
Chief Institutional Strategist & Senior Managing Director
Bear Stearns
Adjunct Faculty of Columbia University



5:15 PM - 6:45 PM
Cocktail & Networking Reception

Friday, June 06, 2008
8:00 AM - 9:00 AM
Continental Breakfast



9:00 AM - 9:15 AM
Conference Chairman's Remarks

James Wiener
Head of Finance & Risk Practice
Oliver Wyman



9:15 AM - 10:00 AM
Keynote: Lessons Learned from the Recent Market Turmoil

Madelyn Antoncic, Ph.D.
Managing Director, Global Head of Financial Markets Policy Relations
Lehman Brothers



10:00 AM - 10:30 AM
Refreshment & Networking Break



10:30 AM - 11:30 AM
Operational Risk: How Can We Manage It?

• Applying "pseudo" scientific techniques adapted from market risk to op risk capital calculations
• Linking loss events to exposure to risk and causal factors
• How to consolidate and aggregate resulting assessments
• Contemplating a value-bearing measure of op risk exposure that is additive and tied dynamically to operational metrics
• Communicating effectively with senior management and the board
• Balancing quantitative data
• Metrics and leading indicators
• Basel readiness
• Information security breaches both internal and external
• Business continuity planning
• Outsourcing
• Current events

Moderator:
Allan D. Grody
Adjunct Professor Emeritus
New York University Stern School of Business
President
Financial InterGroup Advisors

Panelists:
Gareth Davies
Senior Vice President, Enterprise Operational Risk
Freddie Mac

Eileen A. Fahey, CFA
Managing Director
Fitch Ratings

Jan Voigts
Examining Officer, Operational Risk Governance
Federal Reserve Bank of New York

Jane Yao
Vice President & Director, Benchmarking & Survey Research Group
American Bankers Association



11:30 AM - 12:30 PM
Governance in a Dynamic Environment

• What does executive management and the board need to know? How is it conveyed?
• Regulatory scrutiny
• How do you make governance a living and value added function?

Moderator:
James Wiener
Head of Finance & Risk Practice
Oliver Wyman

Panelists:
Janna DeMarsh
Director of Operational & Regulatory Risk Management
Fifth Third Bank

Herb Hilliard
Executive VP, Risk Management
First Horizon National Corporation

Angela Isaac
Senior VP, Operational Risk Oversight
Fannie Mae



12:30 PM
Conference Concludes