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XLoD Global - New York Agenda 2025

 

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08:40
  1. 10 mins
08:50
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09:10
  1. 50 mins
    • The 3 lines of defence framework is firmly established, but how can organisations generate greater efficiencies and collaboration between the 3 lines to ensure it remains fit for purpose?
    • Are there elements of the 3 lines of defence model that require modernisation to better address the complexities of today’s risk landscape
    • How can the 3 lines of defence framework be adapted to support innovation and agility without compromising control and oversight?
    • What role does technology play in enhancing coordination and effectiveness across the 3 lines of defence?
    • Is the 3 lines of defence model still the most pragmatic approach to risk management, or should organisations explore alternative or complementary frameworks better suited to their specific needs?
10:00
  1. Coffee & Networking in the Exhibition Area
    30 mins
10:50
  1. 40 mins
    • Data quality issues are not new to financial services. Why is data still one of the largest problems facing the 3 lines of defence? What does good risk data governance look like?
    • What role does accurate, reliable, standardised, and unbiased data play in supporting early risk identification and decision-making for more effective risk management?
    • How can banks fix the access to data to allow the 3 lines to work from the same data more efficiently?
    • What are the key components of an effective Integrated Risk Management (IRM) ecosystem? How can organisations overcome challenges associated with data aggregation and reporting in systems that traditionally operate in silos?
    • Considering there is no 'one size fits all' solution for IRM systems, how should organisations tailor their tech stacks to meet their specific needs? What factors should be considered when aligning technology, policies, and data to improve risk mitigation and operational efficiency?
  2. 40 mins
    • What is your firm's corporate expectation for risk management to add value to the organisations? How does your firm define ‘value’?
    • In what ways can risk and compliance teams collaborate more effectively with business units to ensure they are seen as enablers rather than blockers to achieving strategic objectives?
    • How can risk and compliance functions strike a balance between thorough analysis and timely decision-making to avoid 'analysis paralysis'?
    • What strategies can be employed to demonstrate the value of risk and compliance functions in driving organisational success beyond merely ensuring regulatory compliance?
    • What metrics or frameworks can be used to measure and communicate the impact of risk and compliance activities on business performance and stakeholder trust?
  3. 40 mins
    • What specific guidelines and standards do regulators set for communication surveillance? How do banks see this evolving in the near future?
    • In what ways can firms anticipate evolving regulatory expectation?
    • How can banks ensure their risk assessments effectively capture all necessary risks, communications, data and venues?
    • How can banking organisations proactively adapt their communication surveillance frameworks to align with shifting expectations and ensure compliance whilst ensuring BAU coverage?
  4. 40 mins
    • With increasing operational, regulatory and financial complexity, resulting in greater consequences when failure arises, are current NFR frameworks working?
    • What is the desired 1st Line target operating model? To what extent does this differ from the present TOM?
    • How can firms harmonise controls and redesign processes to increase coverage, efficiency and effectiveness? Are there any ‘easy wins’ banks can implement to increase efficiency and effectiveness?
    • What do participants see as the future of the 1st Line? Is the 1st Line Risk & Control being effectively resourced to ensure risks are effectively mitigated? Does the 1st line need a complete overhaul or gradual evolution?
    • To what extent is the 1st line comfortable that their board understands the effectiveness of their controls?
11:35
  1. 40 mins
    • What are the successful use cases in AI that firms have implemented across the 3 lines of defence?
    • What are the most innovative AI applications being deployed enhance efficiency and effectiveness or proactively identify and mitigate non-financial risks?
    • Is AI the silver bullet, or are there more strategic opportunities which will enact more meaningful change across risk & control functions?
    • What are the ethical and operational considerations when deploying AI solutions in non-financial risk management, and how can these be addressed to gain explainability and defensibility to regulators and stakeholders?
  2. 40 mins
    • To what extent do control libraries require further control rationalisation? How should firms define their key controls?
    • What are the key considerations when assessing control effectiveness?
    • What is the balance between preventative and detective controls banks should be striving for?
    • Given the PRA focus on pre-trade controls, how are banks ensuring real-time (T+0) monitoring and enforcement of pre-trade controls to catch and address unauthorised trades?
    • What role does automation play in enhancing the effectiveness and adaptability of controls frameworks
    • How can banks address the significant dependence on manual intervention and execution to mitigate risks, errors, and costs?
  3. 40 mins
    • Surveillance has become fixed in a certain operating model. If you could start again, what would your trade surveillance function look like?
    • To what extent is the proliferation of venues still the biggest challenge facing trade surveillance programmes?
    • In what ways has the approach to surveillance in the financial sector stagnated, and what revolutionary changes are needed to address evolving risks and challenges?
    • What are the primary issues and solutions that banks prioritise in trade surveillance?
    • Amid the challenges of data coverage, venue proliferation, and false positives, how can advancements in technology and automation be leveraged to support more efficient and comprehensive trade surveillance efforts?
    • How are banks managing the unique challenges posed for surveillance of OTC markets such as fixed-income versus exchange traded products?
  4. 40 mins
    • What are the remaining challenges that banks face in meeting Global Operational Resilience Regulations?
    • How are firms addressing the challenges in assessing the resilience of 3rd parties including Financial Market Infrastructure and less regulated suppliers?
    • What steps are firms taking to enhance processes and controls to manage supply chain risks throughout the entire lifecycle of business relationships?
    • What have banks learnt from recent cyber disruptions about how they can mitigate resilience and cyber risks from third & fourth parties?
    • How can banks effectively transition operational resilience into a sustainable Business-As-Usual (BAU) activity?
12:35
  1. Lunch & Networking in the Exhibition Area
    55 mins
13:30
  1. 10 mins
13:40
  1. 40 mins
    • To what extent is there regulatory overreach and regulatory capture in the market?
    • What strategies can banks adopt to challenge regulatory overreach while fostering a positive and collaborative relationship with regulators?
    • How should banks work with regulators to create an environment where innovation is encouraged and supported without increasing risks?
    • What steps need to be taken by both banks and regulators to shift the focus toward outcome-driven regulations, ensuring that oversight achieves its intended goals without unnecessary burden?
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14:35
  1. 40 mins
    • Do current trade surveillance technologies have the capability to manage increasing volumes we have seen in the market?
    • How can firms ensure model governance frameworks provide robust trade surveillance model review and challenge without hindering progress and innovation?
    • How can surveillance and compliance teams justify the increasing need to allocate resources to surveillance? Does this continue to rely primarily on regulatory action?
    • How will voice surveillance systems integrate with other data sources to create a more comprehensive & contextual risk assessment?
    • To what extent can banks recalibrate thresholds to reduce the number of alerts without running the risk of missing outliers and historical activity that may amount to malfeasance?
    • Has the focus on data quality enabled banks the ability to achieve holistic surveillance? Is holistic surveillance scalable?
  2. 40 mins
    • How does your organisation balance the prioritisation of managing known risks with the need to anticipate and address unknown or emerging risks?
    • What are the effective strategies you use to manage emerging risks? Are there any new or dynamic approaches to manage risks inside financial institutions?
    • What limitations have you encountered with traditional scenario analysis in accurately predicting or addressing emerging risks?
    • What processes do you follow to effectively map existing controls to address emerging risks, and how do you ensure they remain relevant as the risk landscape evolves?
    • At what stage should emerging risks be incorporated into risk and control frameworks, and what criteria should determine their inclusion
  3. 40 mins
    • How can organisations effectively align their risk appetite with the changing regulatory environment? What challenges do they face in maintaining this alignment amid global regulatory developments?
    • How financial institutions ensure a seamless mapping of regulations to policies, procedures, controls, and Key Risk Indicators (KRIs) to maintain compliance?
    • In light of frequent and complex regulatory changes, how does your organisation use technology to stay agile and ensure that new requirements are effectively communicated and implemented across global operations?
    • What strategies or technologies have you adopted to proactively identify and address gaps in compliance when faced with rapidly evolving regulatory landscapes?
  4. 40 mins
    • How will voice transcription technology evolve in the next 3 years, and what impact will it have on the accuracy and efficiency of verbal communication monitoring within the banking sector?
    • In what ways will AI and Natural Language Processing (NLP) contribute to the future of voice surveillance, particularly in analysing tone, sentiment, and context in spoken conversations?
    • What advancements can we expect in real-time monitoring and automated alerts in the future of voice surveillance?
    • How will voice surveillance systems integrate with other data sources to create a more comprehensive & contextual risk assessment?
    • What ethical and regulatory considerations will banks need to address as voice surveillance becomes more sophisticated, regulatory attention focuses on broader misconduct and the surveilled population increase, particularly in balancing the effectiveness of surveillance with the privacy and consent rights of individuals?
15:15
  1. Coffee & Networking in the Exhibition Area
    30 mins
15:45
  1. 40 mins
    • What strategies can banks adopt to effectively address the growing sophistication of cyber threats, including ransomware and third-party breaches?
    • What steps should boards and management take to mitigate dependency risks associated with IT outsourcing and ensure compliance with regulations like DORA?
    • In the wake of the CrowdStrike disruption, how can financial institutions balance the need for rapid software updates to mitigate cyber threats with the risk of operational disruptions caused by faulty patches? What role should automation, phased deployment, and vendor accountability play in this process?
    • What are the unique risks associated with digital transformation, and how can strong governance frameworks and effective strategies be adopted to enhance cyber resilience in the face of increasing digital threats?
    • How can regulatory bodies and banks collaborate to ensure compliance with evolving cybersecurity and IT risk management requirements, particularly as regulations like DORA come into effect?
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16:30
  1. 40 mins
    • Join us for an interactive panel discussion featuring Technology Officers (CTOs) from leading financial institutions. In this live Q&A session, we'll discuss:
    • How do you perceive the dynamic landscape of technology changing in the coming years, and what strategic approaches are you employing to stay ahead in this rapidly evolving environment?
    • How can banks overcome the persistent challenge of poor data quality, ensuring that their risk and control frameworks are built on accurate, reliable, and standardised data?
    • What emerging trends in technology are seen as potentially transformative for banks’ risk functions?
    • What are the insights, experiences, and strategies banks have employed to drive innovation, enhance customer experiences, and effectively navigate the complexities of regulatory compliance?
18:00
  1. Drinks Reception
    60 mins