Programme

08:00

Morning registration

08:50

Opening remarks

09:00

Keynote address: The post-G20-Summit food for thought: global financial stability, regulatory reform and economic growth

09:30

Regulatory panel: Basel 3 regulatory reform: what’s in it for Asia?

Pongpen Ruengvirayudh, Senior Director, Prudential Policy, BANK OF THAILAND
Rose Luk, Head, Banking Policy, HONG KONG MONETARY AUTHORITY

10:20

Panel discussion: Clearing OTC derivatives via CCP: the roadmap for Asia

• The regulatory changes in the US and Europe and capital incentive: the impact on Asian regulations
• Is OTC clearing going to increase costs / reduce margins for banks? Are these costs going to be passed onto their clients?
• Identifying the types of products best suited for central clearing
• From risk diversification to concentration: examining the default risk of exchanges

11.10

Morning break

11.40

Chairman’s opening remarks

Chairman’s opening remarks

Chairman’s opening remarks

11.45

Panel discussion: Capital adequacy: beyond compliance to regulations

• Defining the quality of capital
• Enhancing coverage of counterparty exposure and off-balance sheet exposure
• Is the risk-weighting framework the best model going forward?
• Determining the leverage ratio

Hirotaka Hideshima, Associate Director General, Financial System and Bank Examination Department, BANK OF
JAPAN

Panel discussion: Investing in emerging market bonds

• How is sovereign risk affecting volatility in credit?
• Assessing bond ratings and interest rate exposure
• Increasing allocation to emerging market debt: what are the risks?
• Tracking bond performance: the winners and losers in 2011

Arun Sharma, Chief Investment Officer, Global Financial Markets, INTERNATIONAL FINANCE CORPORATION (IFC)

Chief actuary roundtable: Solvency II and beyond

• Higher capital adequacy requirements
• Calculating solvency capital across different stress scenarios
• Quantitative Impact Study
• Liability-driven investments: identifying matching assets
• The trade-off between hedging and excess capital

Doug Caldwell, Chief Risk Officer, ING INSURANCE ASIA PACIFIC

12.35

Compression and reconciliation – Critical tools for OTC derivative processing

• Efficiently reducing risk and cost
• A network community approach to portfolio reconciliation
• Benefits of proactive portfolio reconciliation

Senior representative from TriOptima

Diversifying currency risks

• Asian local market outlook 2010 and beyond
• RMB revaluation: alpha opportunities
• Hedging risks for a shift of allocation to Asian currencies
• Hybrid products in portfolios: a hedge and alpha generator
• Diversifying euro risks in a portfolio: short-term and long-term perspectives

Managing liquidity and funding risks

• Sources of funding and capital raising
• Are we going to see less of interbank borrowing?
• A liquidity ratio higher than the regulatory requirement?
• Overcoming the practical issues with stress testing liquidity risks

Travis W. Spence, Managing Director,
Head of Global Liquidity, Asia, JP MORGAN
ASSET MANAGEMENT

Afternoon keynote address:
Chikahisa Sumi, Deputy Commissioner, International Affairs, FINANCIAL SERVICES AGENCY (FSA) JAPAN

14.25

Managing procyclicality: problems and prospects

• Procyclicality and risk sensitivity: PIT risk methodology and levered accounting metrics
• The systemic risks and issues with the limitation on credit ratings and hardcoded regulations
• Dangers of impelling banks to lend for economic growth

Paul Harrald, Head, Portfolio Risk, Group
Risk, STANDARD CHARTERED BANK

• A shift from public to private markets
• Examining prospects in sector-based
  investments: renewable, alternative
  energy, clean tech, climate change,
  water and energy-themed investments
• Trends in private equity investments
• How sustainable and promising is
  infrastruct

Rethink on ERM post- crisis: an asset
management firm perspective

• What went wrong?
• Developing an ERM framework:
• Comprehensive data gathering, detailed analysis and timely disclosure
• Risk ratings and indicators: combining binary and judgmentbased approach
• Transparency of ERM standards

14.55

• History of CVA: from passive to active
• The pros and cons
• CVA in the context of the capital
  requirement regulation
• Mark-to market price changes (CVA
  changes) in OTC derivative
  exposures

Utilising hedge funds in a traditional fixed income and equity portfolio

• Hedge funds’ role in asset liability management
• Overcoming the transparency and risk management challenges
• Analysing hedge fund’s correlation with fixed income and equities
• How hedge funds optimise returns under different market conditions

Nobuki Yasuda, Director, Alternative
Investments, PENSION FUND
ASSOCIATION (JAPAN)

• Recent trends: credit exposure for Insurance groups in a Solvency II context
• From exposure to modelling: where is the concept of credit rating going ?
• Liquidity risk and default risk: the deadly contagion
• Managing credit risk: building a strong 2nd line of defence

Sonal Kadchha, FRM Credit Risk Lead, PRUDENTIAL

Jerome Ogrodzki, Solvency II Risk Analytics Lead, PRUDENTIAL

15.25

Developing an integrated stress testing model

• Stress testing market and credit risk
• Integrating financial analysis to achieve robust stress testing
• Developing firm-wide scenarios to ensure all risks are captured
• Using stress tests to assess and measures risks at a firm-wide level

Portfolio construction: finding the right style

• An alpha-beta framework
• Using active management opportunistically
• Strategic vs. tactical asset allocation
• Coping with mark-to-market losses

Richard Coghlan, Head of Multi-asset Hong Kong, SCHRODERS INVESTMENT
MANAGEMENT (HONG KONG)

Identifying matching assets for liabilities

• The challenges with ALM amidst sovereign risks in the eurozone
• Keeping up with Inflation
• Dealing with securities with short maturities
• Developing a framework to control interest rate and FX risks

Philip Combes, Deputy Secretary/Head of NZ Debt Management Office, THE TREASURY (NEW ZEALAND)

15.55

Afternoon break

16.15

Panel discussion: The explosive growth and advancement in commodity trading

• Retrospect and prospect: commodity prices and trading volume
• Examining the latest trends: base metal, precious metal, agriculture or bulk commodities?
• Trading commodities on an integrated cross-asset platform
• The rising demand for trading liquidity, transparency and data accuracy

17.05

Chief economist roundtable: A global-to-local look at the economies

• Sovereign debt crisis – the implications for Asian economic growth
• Emerging themes for investments
• Asset bubbles in China and India
• The risks of a second global financial crisis

Minggao Shen, Managing Director, Great China Chief Economist, CITI

17.55

Chairman’s closing remarks

18.00

End of conference