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Virtual agenda 15 May
13:00
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Interactive Roundtable40 mins
- 1st Line Risk & Control
- Where is the industry in moving towards real-time risk identification and remediation?
- Is there a business appetite to invest in the technology needed to provide supervisors with real time alerts?
- Is there a regulatory expectation that banks move towards the real time identification of risk?
- How can banks achieve the right scope and depth for RCSAs which allows firms to identify and assess the most material risks and controls?
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Interactive Roundtable40 mins
- Market Abuse Surveillance
- How do you capture your order flow and maintain a completeness of data?
- What other datasets support order monitoring, and why?
- How can banks identify where there is “market abuse risk” in an EOI? And what can banks do to ensure it is captured?
- What are the enhanced data requirements for algo monitoring (RTS 6) for trading venues and investment firms?
- How do OMSs and other surveillance tools minimise the number of false positives when generating alerts?
- How can you ensure the same item is not alerted multiple times increasing the need for review?
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Interactive Roundtable40 mins
- Managing Conduct Risk
- How can practitioners de-risk the supply chain from ethical and environmental factors?
- How can financial institutions work closer with regulators and supervisory authorities to proactively understand what is expected of them to better identify solutions?
- How can banks utilise KYC and client on boarding data to pick up on useful ESG data to understand potential unique risks?
- What are the governance risks presented by ESG in financial services, and how can financial institutions consider and improve their own governance practices as well as those of the companies in which they invest?
- Where should ownership of ESG risk lie in the bank? Is it appropriate for ownership to be placed in the 1st line?
13:50
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Interactive Roundtable40 mins
- 1st Line Risk & Control
- How can firms harmonise controls and redesign the processes to increase coverage, efficiency and effectiveness?
- Does there need to be a regulatory imperative to drive control digitisation? And do ‘run the bank, change the bank’ conflicts lessen the desire to adopt further digitisation?
- How are firms implementing advanced technology solutions that allow for ongoing risk monitoring in a BAU state?
- To what extent has the adaption of legacy taxonomies to reflect today’s operational risk environment affected multiple downstream processes and control procedures?
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Interactive Roundtable40 mins
- Market Abuse Surveillance
- What are he challenges with developing a data led trade surveillance function?
- How can banks overcome the challenges in ensuring data quality for trade surveillance?
- How does the volume of data generated by banks pose a challenge, and what strategies can be implemented to process and analyse large amounts of data in real-time?
- What are the complexities associated with the data used for trade surveillance, and how can banks integrate and analyse this data effectively?
- How are banks breaking the data challenges in fixed-income into manageable steps?
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Interactive Roundtable40 mins
- Managing Conduct Risk
- How can banks implement a strong culture of ethical behaviour and accountability across the organization, with robust governance structures to reduce misconduct risk?
- What are the training and awareness programs that banks can provide to employees on ethical behaviour and compliance, including topics such as conflicts of interest, anti-money laundering, and fraud prevention, to reduce misconduct risk?
- How can banks align incentives and performance metrics to encourage ethical behaviour and discourage misconduct?
- How should banks be conducting regular risk assessments and stress testing, to identify and mitigate potential areas of misconduct risk?
- How can banks leverage technology and automation to monitor and detect potential misconduct in real-time, including using advanced analytics and AI to detect patterns of behaviour?
14:40
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Interactive Roundtable40 mins
- 1st Line Risk & Control
- What are the greatest opportunities for risk and control functions across the enterprise to work more effectively together?
- As a senior practitioner in a risk and control function, how much should you drive collaboration across the 3 lines of defence?
- Do you expect future collaboration efforts across the 3 lines of defence to be driven by regulation, internal cost drivers or a demand for better risk management?
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Interactive Roundtable40 mins
- Market Abuse Surveillance
- How should banks be building capabilities to capture, store and index required communications data from unrecorded media?
- How can surveillance functions keep up with emerging new communication platforms?
- Can you ensure compliance whilst managing the ever growing temptation to use social media?
- New messaging features - how do you manage these?
- What restrictions can you put on employees using social media?
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Interactive Roundtable40 mins
- Managing Conduct Risk
- How can financial institutions utilise scenario planning to prepare for future risks?
- How are financial institutions monitoring emerging risks, and what types of key metrics are being used to identify key indicators?
- How are financial institutions assessing the impact of emerging technologies and innovation on their risk profiles, and what strategies are they using to manage these risks?
- How are financial institutions engaging with stakeholders to understand their perspectives on potential future risks, and what steps are they taking to address concerns?
15:30
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Interactive Roundtable40 mins
- 1st Line Risk & Control
- How can 1st line control functions re-allocate the appropriate resource to focus on high value and emerging risks?
- How can Risk & Control functions mitigate the siloisation of controls to remove redundant and overlapping controls?
- What are the most important skills for practitioners in the 1st Line? Is there a lack of controls expertise in 1st line, resulting in poor control data quality?
- What are the key success drivers that organisations should focus on today to drive towards the future of the Chief Controls Office?
- What are the skills and capabilities today of the controls office and what will they need to be in five years?
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Interactive Roundtable40 mins
- Market Abuse Surveillance
- To what extent can workflows and visualisation tools ease the integration of sources to better uncover hidden relationships and identify potential risks?
- What are the main challenges with developing workflow and visualisation tools?
- By applying advanced analytics to data sources, does visualisation present opportunities to reduce false positives allowing for the prioritization of higher-risk alerts?
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Interactive Roundtable40 mins
- Managing Conduct Risk
- How can the 1st Line of defence implement strong controls and automation to prevent manual, repetitive activity?
- Are banks able justify to regulators and senior management a change that would see a prioritisation of higher value activity and stoppage of low value activity?
- What role does the 2nd Line of defence play in stopping low-value activity, and how can they provide oversight and monitoring of the 1st Line's controls and processes?
- In what ways can collaboration between the 1st, 2nd, and 3rd Lines of defence help to stop manual, labour intensive processes, and what kind of communication and information sharing practices can facilitate this collaboration?