New Challenges for Operational Risk Measurement and Management
Sponsored by the Federal Reserve Board of Governors and the Federal Reserve Bank of Boston
May 14 – 15, 2008
Agenda and Presentations
Some conference presentations are available in PDF format. 
Tuesday, May 13
| 5:00 – 6:00 |
REGISTRATION |
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| 5:00 – 7:00 |
COCKTAIL RECEPTION – ROOFTOP TERRACE |
Wednesday, May 14
| 7:30 – 8:30 |
REGISTRATION AND CONTINENTAL BREAKFAST |
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| 8:30 – 8:40 |
WELCOME
James Nolan, Senior Vice President, Supervision Regulation & Credit Department, Federal Reserve Bank of Boston |
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| 8:40 – 10:00 |
OPENING REMARKS: RISK MANAGEMENT LESSONS FROM RECENT FINANCIAL TURMOIL
Eric Rosengren, President & CEO, Federal Reserve Bank of Boston |
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KEYNOTE ADDRESS: RISK MANAGEMENT AND BASEL II
Randall Kroszner, Member of the Board of Governors, Federal Reserve System
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| 10:00 – 10:30 |
BREAK |
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| 10:30 – 12:30 |
BUILDING AN AMA FRAMEWORK THAT SATISFIES REGULATORY REQUIREMENTS AND MEETS BUSINESS NEEDS
Jay Newberry, Managing Director and Head of Operational Risk, Citigroup
(presentation: Delivering Business value and the Use of External Data)
Joseph Sabatini, Managing Director and Global Head of Operational Risk, JPMorgan Chase
(presentation: Advancing the Art of Scenario Analysis)
Yousef Valine, Head of Institutional Risk Management and COO, Risk Management, Wachovia Corporation
(presentation: Execution Risk Management at Wachovia)
John Walter, Senior Vice President for Risk & Capital Analysis, Bank of America
(presentation: Advances in Loss Data Analytics:
What We Have Learned at ORX) |
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| 12:30 – 2:00 |
LUNCH |
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| 2:00 – 3:30 |
CHALLENGES AND EXPERIENCES IN AMA IMPLEMENTATION
Mike Constantinou, Head of Operational Risk Framework and Measurement, Barclays Group
(presentation: Barclays AMA challenges)
Michael Kalkbrener, Vice President, Risk Analytics & Instruments, Deutsche Bank
(presentation: Deutsche Bank’s AMA Model)
Marc Leipoldt, Senior Risk Reviewer, ABN AMRO Bank
(presentation: Challenges and experiences in
AMA implementation:
Views from Aspiring Banks)
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| 3:30 – 4:00 |
BREAK |
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| 4:00 – 5:00 |
THE 2008 LOSS DATA COLLECTION EXERCISE
Harvey Crapp, General Manager, Credit & Operational Risk Services, Australian Prudential Regulation Authority
Mark O’Dell, Deputy Comptroller for Operational Risk, Office of the Comptroller of the Currency
(presentation: AIGOR's LDCE Proposal) |
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| 5:00 – 7:00 |
COCKTAIL RECEPTION -- HARBORVIEW DINING ROOM |
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Thursday, May 15
| 7:45 – 8:30 |
CONTINENTAL BREAKFAST |
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| 8:30 – 8:35 |
WELCOME
Adrienne Haden, Assistant Director – Banking Supervision and Regulation, Federal Reserve Board of Governors |
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| 8:35 – 9:20 |
KEYNOTE ADDRESS: NEW CHALLENGES FOR OPERATIONAL RISK MEASUREMENT AND MANAGEMENT - A REGULATOR'S PERSPECTIVE
Roger Cole, Director of Banking Supervision and Regulation, Federal Reserve Board of Governors |
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| 9:20 – 10:20 |
RESULTS FROM THE 2007 US RANGE OF PRACTICE EXERCISE
Patrick de Fontnouvelle, Vice President, Federal Reserve Bank of Boston
Steven Strasser, Senior Advisor Operational Risk, Office of the Comptroller of the Currency
(presentation: 2007 U.S. Operational Risk
Range of Practice – An Update) |
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| 10:20 – 10:45 |
BREAK |
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| 10:45 – 12:15 |
INTEGRATING OPERATIONAL RISK MEASUREMENT AND MANAGEMENT
Don Rosenthal, Senior Vice President, Enterprise Risk Management, State Street
(presentation: Challenges in Building an
Advanced Measurement Approach
(AMA) Operational Risk Model)
Bruce Stevenson, Senior Vice President – Economic Capital & ICAAP, HSBC USA
(presentation: The Practical Use of Operational Risk
Capital)
Kevin Storm, Senior Vice President, Economic Capital & Market Risk, U.S. Bank
(presentation: Operational Risk Modeling at
U.S. Bank) |
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| 12:15 – 1:45 |
LUNCH |
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| 1:45 – 3:00 |
REGULATORY CHALLENGES FOR IMPLEMENTATION AND QUALIFICATION – GLOBAL PERSPECTIVES
Harvey Crapp, General Manager, Credit & Operational Risk Services, Australian Prudential Regulation Authority
Tsuyoshi Oyama, Deputy Director General, Financial Systems and Bank Examination, Bank of Japan
Andrew Sheen, Manager, Operational Risk Policy Team, UK Financial Services Authority
Martin Sprenger, Head of Market & Operational Risk, Swiss Federal Banking Commission |
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| 3:00 – 4:15 |
REGULATORY CHALLENGES FOR IMPLEMENTATION AND QUALIFICATION – U.S. PERSPECTIVES
Kevin Bailey, Deputy Comptroller for Regulatory Policy, Office of the Comptroller of the Currency
Roger Cole, Director of Banking Supervision and Regulation, Federal Reserve Board of Governors
Eric Hirschhorn, Senior Financial Economist, Supervision Policy Office of Thrift Supervision
Mark Schmidt, Regional Director, Atlanta Region, Federal Deposit Insurance Corporation |
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| 4:15 |
CONFERENCE ADJOURNS |
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