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XLoD Global - New York | In-Person Agenda

  1. Registration, Coffee & Networking
    60 mins
  1. Coffee & Networking in the Exhibition Area
    30 mins
  1. 40 mins
    What are the implications of not effectively embedding robust risk management within the 1st line of defense, and what impacts have been seen as a result in 2023? How can 1st Line Risk & Control funct ...
  2. 40 mins
    Are surveillance leaders targeting a significantly more efficient and effective operating model in the next 3 to 5 years or incremental improvements in both risk identification and efficiency? What is ...
  3. 40 mins
    How should financial institutions be thinking about risks associated with ESG? What should the roles and responsibilities be within financial institutions in relation to those risks, and in particular ...
  4. 40 mins
    To what extent can financial institutions effectively leverage NLP technology to analyse vast amounts of data to detect potential market abuse activities? How can institutions use anomaly detection al ...
  1. 40 mins
    Is the emphasis for surveillance applications to fall within the scope of ‘model risk’ driven by regulators, internal audit, compliance or another driver? How can onboarding to model governance impact ...
  2. 40 mins
    How can trader profiling allow surveillance systems to transform from a reactive to a proactive approach to mitigate market abuse? What behavioural metrics should financial institutions be employing i ...
  3. 40 mins
    Where can 1st line functions partner with the 2nd and 3rd line functions to ensure further collaboration, efficiency of risk and control practices and to avoid unnecessary duplication?  Are there othe ...
  4. 40 mins
    How should control functions be collaborating better when thinking about their resilience planning? To what extent should financial institutions be building resilience into systems and products from t ...
  1. 40 mins
  2. 40 mins
    • How are banks able to identify upcoming new risks? Is a constant review of operational risk frameworks and RCSAs essential to identifying new risks?
    • How frequently should banks be conducting horizon scanning? How can banks ensure the results are actionable?
    • From a regulatory development perspective, who should own horizon scanning, 1st line or 2nd line? Or how should the two lines work closer to understand the potential development in regulations and how these affect risk & controls?
  3. 40 mins
    • Are RCSA’s more about helping the 1st line actively manage its business or ensuring risks emerging from the business are transparent and reported?
    • Where next for the future of RCSAs? What does the next evolution look like?
    • After more than 10 years of implementing RCSAs, what have we learnt about theory and practice?
    • If there’s one thing you could change to improve the effectiveness of RCSAs, what would it be?
    • What can they industry do to develop better collective practice?
  4. 40 mins
    • Has the recent collapse of key institutions in the financial sector driven a re-evaluation of risk management roles and responsibilities?
    • To what extent is there currently an unrealistic accountability and expectation placed on the 1st line?
    • How are banks developing industry best practice for the roles and responsibilities of the 1st & 2nd lines?
    • What is the regulatory and industry view regarding the 1st line taking more responsibility from the 2nd line?
    • Should banks be taking a top-down approach when defining the principles and expectations of the lines of defence?
    • Should costs be cut in the 2nd and 3rd lines to compensate for 1st line’s increasing accountability?
  5. 40 mins
    • How should banks be reducing false positives by tuning/re-tuning parameters to balance risks?
    • Should surveillance recalibration follow more formal model risk governance processes?
    • To what extent is calibration, and re-calibration, more important than strategic initiatives such as implementation of a contextual model?
    • How often should calibration be conducted? And what tools can be used to ensure these are based on an ongoing monitoring of the scenarios’ effectiveness?
  6. 40 mins
    • How can financial institutions reduce low value activity to reduce the admin on the 1st line of defence, enabling more effective opportunities to be a challenge function?
    • What are some ways financial institutions can ensure the independence and objectivity of the 1st Line of defence when it comes to risk assessments and challenges?
    • What kind of resources and training should be provided to help carry out risk management responsibilities effectively?
    • How can banks create a culture of challenge that encourages open communication and constructive feedback between teams & function to ensure that risks are identified and managed effectively?
  7. 40 mins
    • What’s on the near term horizon/what can be expected from advancements in voice tech in the coming years?
    • What is the evolving skillset for effective voice surveillance?
    • How does your organisation mitigate the risks associated with unmonitored communications on personal mobile devices?
    • Is there a minimum sample size expectation for voice coverage?
    • What is the policy on bring your own device and company issued devices?
  8. 40 mins
    • What can be expected from advancements in trade surveillance tech in the coming years?
    • How can machine learning (ML) algorithms powered by AI help trade surveillance systems learn and adapt to changing market conditions, identifying potential market abuse more accurately and quickly?
    • How can predictive analytics help financial institutions identify potential risk events before they occur, allowing for proactive monitoring and management of potential risks?
    • How can cloud-based AI trade surveillance solutions provide financial institutions with a more scalable and cost-effective solution for monitoring and analyzing trading activities, while also providing the flexibility to adapt to changing market conditions and regulatory requirements
  9. 40 mins
    • To what extent are data issues the single biggest challenge to surveillance effectiveness?
    • Are banks capturing all the trade data and data from communications channels?
    • How can arrangements be made to ensure data quality, curation and access are adequately coordinated?
    • Are Buy v. Build decisions unduly affected by data quality issues?
  10. 40 mins
    • How should banks be building capabilities to ensure that they are capturing, storing and indexing required communications data?
    • How can teams justify sufficient coverage of communication surveillance to regulators and audit teams when adopting a risk-based approach?
    • How can financial institutions keep up with the expansion of new communication channels?
    • How do banks ensure all communications take place within official channels and are appropriately recorded?
  11. 40 mins
    • To what extent are data issues the single biggest challenge to surveillance effectiveness?
    • Are banks capturing all the trade data and data from communications channels?
    • How can arrangements be made to ensure data quality, curation and access are adequately coordinated?
    • Are Buy v. Build decisions unduly affected by data quality issues?
  12. 40 mins
    • To what extent has traditional controls and testing failed to effectively monitor conduct? Should firms be utilising machine learning and advanced analytics to traverse structured and unstructured data to connect the dots between individual and team activities?
    • To what extent do unmonitorable channels remain a hole in the market’s defences against misconduct?
    • With wider coverage, how can alerts be recalibrated more effectively? And how can banks ascertain best practice with regard to alerts for cultural indicators and conduct risks?
    • Is it ethical for organisations to be looking at individuals’ behaviour outside their organisation? Without assessing personal and financial data of employees, are banks missing key conduct and reputational risk indicators?
  13. 40 mins
    • Within a typical exception management (1LOD or 2LOD) process – where do participants see the greatest opportunity to deploy an AI/ML decision making approach?
    • Do participants agree with general industry estimates that up to 90% of 2LOD automated surveillance alerts offer the opportunity for automated initial review?
    • If correct; what do participants see as the main barriers to adoption
    • What would participants view as the minimum required level of explainability for any such deployment in a regulatory environment
    • What advice might you have for institu­tions that are in the process of rolling out similar systems and looking to get buy-in?
  14. 40 mins
    • How can financial institutions conduct ESG risk assessments to identify and effectively manage ESG risks?
    • Is the onboarding process the right time to pick up on ESG data?
    • In what ways can financial institutions incorporate ESG factors into their investment decisions to mitigate potential ESG risks?
    • Are banks developing ESG policies and guidelines to ensure they are aligned with industry best practices and regulatory requirements?
    • What are some strategies financial institutions can use to engage with stakeholders and better understand their ESG concerns to mitigate potential risks?
  15. 40 mins
    • To what extent is financial crime moving into the 1st Line of Defence?
    • How can banks mitigate siloisation to reduce duplication of efforts across the operating model?
    • How can the implementation of technology increase efficiencies and improve transparency?
    • Executing an innovative approach to the operating model
  16. 40 mins
    • To what extent is the traditional approach to preventing misconduct—imposing formal rules and investing in a strong compliance function to ensure that institutions, managers, and employees adhere to them— working?
    • How can managers analyse processes and organisational structures to identify the elements that trigger risky behaviours? Can these help identify what is getting in the way of good decision-making?
    • The use of behavioural risk review to produce granular insights into behavioural patterns and drivers
    • Do risk & control teams have sufficient expertise and the necessary skillsets to understand behaviours, or is a separate team needed?
  17. 40 mins
    • What risk management lessons should be learnt from the banking turbulence of Q1 2023,  including from the trigger events in each bank, the response of depositors and investors, and the industry contagion?
    • Are the current risk, control and conduct approaches fit for purpose in being able to address the risks and issues thrown up by the events of Q1 2023?
    • Does the level of external insight into a bank's environment being driven through big data analysis, combined with the speed of information flow via social media, present a challenge to firms and how should they respond?
    • Should banks develop a more joined-up approach, that brings together the tools of financial and liquidity risk management together with the insights from non-financial and behavioral risk management?
  1. Lunch & Networking in the Exhibition Area
    50 mins
  1. 40 mins
    • What can your organization do, or what is it doing, to become more proactive about identifying and addressing emerging risks?  
    • Are there any lessons learned from the bank collapses of earlier this year?  Is there anything your organization is going to do differently?
    • Is Culture a focus of your regulatory programmes? And if it is can you give a practical overview of how you assess culture?
    • What are the different approaches to thinking about culture and behavioural science in the US vs Europe?  
    • How do we expect regulations in important areas such as ESG, resilience, and digital assets to continue to grow?
    • How can regulators enable more regulatory certainty, enabling banks to make multiyear risk management frameworks, whilst remaining dynamic to emerging risks?
  1. 40 mins
    How can firms harmonize controls and redesign the processes to increase coverage, efficiency and effectiveness?  Do “run the bank” and “change the bank” conflicts impact the ability to adopt further d ...
  2. 40 mins
    How can technological advancements be used to detect more complex market manipulation? To what extent has the proliferation of trading venues increased the complexity and depth of coverage needed by s ...
  3. 40 mins
    • How can internal audit take a forward-looking and strategic approach to evolve ahead of the wider organisation to stay relevant and deliver insights? • To what extent is it possible for internal aud ...
  1. Coffee & Networking in the Exhibition Area
    30 mins
  1. 40 mins
    • Where have banks identified the most significant abuse risks in fixed- income markets? • In the wake of Market Watch 68, how should banks be re-examining their fixed income surveillance programmes? ...
  2. 40 mins
    What are the steps financial institutions need to take to move from an episodic risk evaluation to a more real-time approach? How can RCSA’s move to be more dynamic and reactive to the risk appetite o ...
  3. 40 mins
    Have the recent regulatory fines helped compliance gain the level of investment needed to enhance voice surveillance capabilities? What is the appetite for increasing surveillance / analysis of voice ...
  4. 40 mins
    • Are existing governance frameworks, technologies and application controls sufficient for the challenges posed by digital assets? • How can banks navigate the fragmented regulatory landscape in order ...
  1. 65 mins