Newsletter | Volume 1

Be it medic, manufacturing, services or the financial sector; presentations, panel discussions and interactive sessions will focus on: Risk Management on Regulatory Compliance issues for effective reporting structures, business and risk compliance.

The storyline of the 7th annual GRC Summit is to focus on the various compliance issues in a variety of sectors. What can the different trades can learn from each other on the various GRC topics that we touch upon, with the following unifying themes:

The implementing measures depend on regulators having the capacity to defined specific requirements
Market participants make the right input to ensure that requirements are efficient
There are contradictions between different regulations that aiming at ensuring market infrastructure can efficiently perform its duties, and achieving some other purpose such as raising tax revenues

We continue to experience sweeping reforms in all sectors of the industry, with rules and regulations aiming to alleviate the worst impacts of the financial and sovereign debt crisis, and establish an international framework to prevent and mitigate future problems. In addition, the high profile frauds and failures of oversight as have occurred with scandalous activities and events that have impacted end-investors and put into question existing systems and methods of control.

We will reflecting on the assumption that there actually is a governance problem within the financial sector which has defacto privatised profits and socialised losses:

There is a widely prevalent political will to make financial markets and institutions pay more for the costs of explicit or implicit guarantees provided by national governments
There is a desire to force changes to the business models of financial institutions
There is an increased emphasis on ensuring taxes are collected on revenues from commercial investments
The micro-economic performance of financial markets is under investigation, including trading strategies such as naked short-selling

All these activities combined make the financial sector a case-study of the challenges of how policy and oversight is translated into implementing measures:

Much has been written about Stress Testing & Scenario Analysis to test compliance – how prepared are you and your organisation? What can we learn from the financial services industry?

The many key issues and topics we will be addressing also include:

Determining the relationship to Value at Risk
Designing scenarios for firm specific events
Aggregating the results
Translating stress testing scenarios into impact
Integrating reverse stress testing with enterprise risk management
Communicating results to managers, director and regulators
Understanding how it will be used
Deciphering governance for the stress testing program
Developing an action plan – from kick off to integration

We need the critical and informative information on Global Compliance issues to be kept abreast of the latest challenges and solutions.

Key issues and topics to be addressed include:

Assessing the Changes to the Definition of Capital
Variations to the Regulation of Market and Credit Risk
Amendments to the Securitisation Framework
Overview of Liquidity Framework
Counter-Cyclical Capital Buffers

We will end the day with round table discussion on global compliance issues with a number of experts will include:

Have your questions ready! There are more than 10 Q&A sessions during the conference.

With so much of effective compliance information, guidance, guidance and inspiration, we believe that it calls for a Carlsberg or a drink!