Rethinking Risk Management in Financial Services 

Rethinking Risk Management in Financial Services – Opening Remarks

Welcome from Johnny Steele, Head of Banking at SAS and Oliver Ralph, Breaking News Editor at the Financial Times.

Length: 00:07:37

Keynote Interview: Is enhanced data analytics the answer to modernising decision-making on consumer risk?

Data is integral to effective, efficient, and timely decision making, particularly around credit and lending. New approaches to data collection and analytics have the potential to revolutionise processes from onboarding to service provision, fraud and financial crime, and credit management. However, using data is an area fraught with difficulty, as institutions grapple with legacy systems, cultural hurdles, and the convergence of systems, e.g. credit risk and fraud.

What are the benefits of automated decision making, using data, across the customer life cycle? How might it enhance understanding of customer behaviour, open up new market segments and ensure greater agility in today’s business environment?

How critical is it for banks to scale up credit decision models in today’s competitive environment? What are the key components required?

Length: 00:30:00

Speakers:

• Mike Roberts, Head of Unsecured Retail Risk, HSBC
• Oliver Ralph, Breaking New Editor, The Financial Times.

Panel Discussion: Reshaping risk management for market volatility - what needs to change?

Recent turbulence in the financial sector and the wider economy have raised questions about how risk-ready banks and building societies are both operationally and strategically. 

How important are sound risk management processes, and overall enterprise risk management, in times of market volatility?

To what extent do institutions need to rethink and remodel ALM and liquidity risk approaches for integrated balance sheet management? How can the integration of finance and risk functions be seen not just as a necessity in a volatile market, but as a strategic advantage?

In what ways can ESG integration enhance the holistic understanding of risk and foster sustainable growth in uncertain times?

What role can technology play in reframing bank risk management using tools like data analytics, AI, cybersecurity and confidential computing?

Length: 00:49:43

Speakers:

•  Richard Bowles, Chief Risk Officer, Coventry Building Society
• Rosemarie Flanagan, Head of Enterprise Risk & Strategy, AIB Group
• David Wishart, Chief Risk Officer, Sainsbury’s Bank
• Dilip Menon, Partner – Treasury & ALM, Deloitte
• Oliver Ralph, Breaking New Editor, The Financial Times

Panel Discussion: Assessing how regulation could redefine innovation in financial risk management

As financial institutions gear up to implement incoming regulation, its introduction shows no signs of abating.  But is it all bad news, or can greater supervision be turned to advantage?

How are banks and other financial institutions aligning innovation with the requirements of upcoming regulations to better serve customers and the wider business?

What will the PRA’s Model Risk Management Principles mean in practice for banks? Is this a positive step forward?

How will the new Consumer Duty standards be interpreted and what does it mean for the use of AI and machine learning?

As scrutiny and regulation around the environment grows, how are institutions embedding climate risk into strategies and models?

Length: 00:51:40

Speakers:

• Jennifer Mennim, Risk Director, Tesco Bank
• Mark Thundercliffe, Former Chief Risk Officer, HSBC & Virgin Money
• Artur Derwiszynski, Head of FS Centre of Excellence – EMEA, Intel
• Oliver Ralph, Breaking New Editor, The Financial Times

Rethinking Risk Management in Financial Services – Closing Remarks

Closing Remarks from Oliver Ralph, Breaking News Editor at The Financial Times.

Length: 00:02:23