Risks & Resolutions – Creating a New Foundation for Risk Management

Fourth Annual Risk Conference

Theme

Risk management is facing a rebuilding process after the most significant financial crisis in 80 years. Professionals working in the field must shift their thinking about the interrelated nature of risks, the risk management process and practical application of risk resolution strategies.

 

As the risk management landscape continues to evolve, and as the new regulatory structure commissioned by the Dodd-Frank Act continues to take form, our conference will attempt to bring forward the most current understandings in the field. Financial practitioners, academics and regulators will offer their perspectives on headline issues and recent regulatory reforms and on innovations in products and practices in the financial services industry.

 

Objective

The challenge of managing risk has taken on new dimensions in the wake of the historic events that have transpired over the past three years. Today’s business climate presents risk practitioners with unprecedented complexity and challenges for management decision-making.

 

This conference will provide practical insights into the workings of risk management. Confirmed speakers include:

 

  • Sarah Dahlgren, Executive Vice President, Bank Supervision and Regulation, Federal Reserve Bank of New York
  • Charles L. Evans, President & Chief Executive Officer, Federal Reserve Bank of Chicago
  • David W. Nelms, Chairman and Chief Executive Officer, Discover Financial Services
  • Alex J. Pollock, Resident Fellow, American Enterprise Institute for Public Policy Research
  • Peter Wallison, Arthur F. Burns Fellow in Financial Policy Studies, American Enterprise Institute for Public Policy Research

 

Panel discussions will address the consequences of the most comprehensive regulatory reforms since the Great Depression, challenges of implementing new capital rules, the link between incentive compensation and risk management and the current state of mortgage finance. In addition, attendees will receive insights from a panel of chief risk officers, as they share their strategies for managing risk at their respective organizations.


 

This conference is not open to the media or the general public.  Participants are requested to use discretion in sharing the content of the conference with professional colleagues. The use of electronic recording devices is prohibited.


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04/11/11
8:00 AM
Registration and Continental Breakfast
8:45 AM
Opening Remarks
Ali Fatemi, Alumni Professor and Chair, Department of Finance, DePaul University
Carl R Tannenbaum, Senior Vice President, Federal Reserve Bank of Chicago
9:00 AM
Introduction and Keynote
Speaker
Charles L Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
9:30 AM
Panel: Chief Risk Officer
Moderator
Richard C Cahill, Vice President and Head of the Credit Risk Department, Federal Reserve Bank of New York
Panelists
Terry J Bulger, Executive Vice President, U.S. Risk and Chief Risk Officer , Harris Financial Corporation; Harris Is Part of BMO Financial Group
Philip B Flynn, President and Chief Executive Officer, Associated Banc-Corp
Shawna M Graham, Senior Vice President, Director of Risk Management, QCR Holdings, Inc.
Len Wiatr, Chief Risk Officer, The Private Bank
11:30 AM
Luncheon and Keynote
Speaker
Sarah J Dahlgren, Executive Vice President, Financial Institution Supervision Group, Federal Reserve Bank of New York
1:30 PM
Panel: The Impact of the Dodd-Frank Act — Both Intended and Unintended Consequences
Moderator
Kathleen Cronin, Managing Director, CME Group
Panelists
Suzanne Killian, Assistant Director, Division of Consumer & Community Affairs, Federal Reserve Board of Governors
Kristin Odeh, Senior Vice President, Corporate Risk Management, Northern Trust
Richard Spillenkothen, Director (retired March 2011), Deloitte & Touche LLP
Peter J Wallison, Arthur F. Burns Fellow in Financial Policy Studies, American Enterprise Institute for Public Policy Research
3:30 PM
Panel: The New Face of Mortgage Finance
Moderator
Carl R Tannenbaum, Senior Vice President, Federal Reserve Bank of Chicago
Panelists
Anne C Canfield, President, Canfield & Associates, Inc.
Alex J Pollock, Resident Fellow, American Enterprise Institute for Public Policy Research
Sarah Bloom Raskin, Governor, Federal Reserve Board of Governors
5:30 PM
Reception
04/12/11
8:00 AM
Continental Breakfast
8:30 AM
Keynote: CEO Perspectives on Risk
Speaker
David W Nelms, Chairman and Chief Executive Officer, Discover Financial Services
9:15 AM
Panel: Management for Incentive Compensation
Moderator
James R Booth, Professor of Finance and Christopher L. Keeley in Investment and Management, De Paul University
Panelists
Jennifer N Carpenter, Associate Professor of Finance, Stern School of Business, New York University
John K Gayley, Director, Executive Compensation Practice, Towers Watson
James W Nelson, Senior Vice President, Supervision and Regulation Department, Federal Reserve Bank of Chicago
10:45 AM
Panel: The Impact of New Capital Rules
Moderator
David Marshall, Associate Director of Research, Director, Financial Markets Group and Senior Vice President, Economic Research Department, Federal Reserve Bank of Chicago
Panelists
George G Kaufman, John F. Smith Professor of Economics and Finance, Loyola University Chicago
Kevin M Killips, Chief Financial Officer, Privatebancorp, Inc.
Marc R Saidenberg, Senior Vice President, Bank Supervision Group, Federal Reserve Bank of New York
12:00 PM
Box Luncheon
12:00 PM
Special Event: Bankers Only Session

Session ends at 2:00 p.m.

 

 

 

 

 

Last Updated: 04/06/2011


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Recommended Hotels

Should you need to cancel your reservation, please notify the hotel 48 hours in advance of your arrival to avoid a no-show charge equivalent to a one-night stay. Please note that we cannot guarantee the availability of any hotel. Please call early to ensure your choice of hotel and rate. 

Club Quarters Hotel
111 W Adams St
Chicago ,  IL   60603

Tel: (212) 575-0006

Rate:  $99 - $140

A business class property located just 2 blocks from the Federal Reserve Bank in the heart of the city’s financial district. This property features a complimentary fitness center, complimentary chilled, bottled water on each floor and a comfy, lower level living room for guests. Please visit their website for more information on the hotel.

Hotel Blake
500 S Dearborn St
Chicago ,  IL   60605

Tel: (312) 986-1234

Rate:  $173 and up

A historical gem, the Hotel Blake is a unique boutique property located in the Printers Row neighborhood filled with specialty shops and restaurants. This property is about a 5 block walk to the Chicago Fed. The award winning restaurant, Custom House, is housed on the first floor of the hotel. Room rate includes continental breakfast each morning and use of the fitness center. Please visit the hotel website for additional information.

JW Marriott Hotel
151 W Adams St
Chicago ,  IL   60603

Tel: (312) 660-8200

Rate: $210 and up

 

Located next door to the Chicago Fed, this 5 star property is the largest luxury hotel in Chicago. Housed in a landmark building designed by renowned architect Daniel Burnham, this hotel opened in November 2010, after undergoing a $396 million restoration. The 610 rooms include all the luxuries expected from a 5 star hotel. This property also features a world-class 20,000 square foot spa and wellness center and The Florentine Restaurant featuring a seasonal menu with a focus on Italian/American fare. For more information, please visit the hotel's website.

Omni Chicago Hotel
676 N Michigan Ave
Chicago ,  IL   60611

Tel: (312) 944-6664

Rate: $189 and up

 

A luxury, all suite property, the Omni Chicago Hotel is located on they city’s Magnificent Mile of sight seeing, shopping and dining. This hotel is not within walking distance of the Federal Reserve Bank of Chicago. Please visit the hotel's website for more information.

Residence Inn by Marriott
201 E Walton St
Chicago ,  IL   60611

Tel: (312) 943-9800

Rate:  $129 and up


Located within 3 blocks of Chicago’s Magnificent Mile, this property offers spacious suites and a full breakfast buffet each morning. This hotel is not within walking distance of the Federal Reserve Bank of Chicago. For details, please visit the hotel's website.

Union League Club
65 W Jackson Blvd
Chicago ,  IL   60604

Tel: (312) 427-7800
Rate:  $140 and up


A private club housed in a historical and architectural landmark building. Guests can enjoy many of the amenities the club offers such as their extensive art collection, stately library and athletic department including a swimming pool. This property is located just one and one-half blocks from the Federal Reserve Bank. Price includes a full breakfast buffet. Please visit the Club's website for additional details.

The W Hotel City Center
172 W Adams
Chicago ,  IL   60603

Tel: (312) 322-1200
Rate:  $179 and up


A cosmopolitan property in the middle of Chicago’s Loop, the W Hotel features rainforest showers, oversized work desks, down pillows and more. This property is just around the corner from the Federal Reserve Bank. For more information, please visit the hotel's website.


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Since 2008, the Supervision and Regulation Department of the Chicago Fed in partnership with the Department of Finance at DePaul University has been reaching out to risk practioners to discuss risk managment strategy. These links to previous conferences provide some context to this year's discussion.


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