Sixth Annual Risk Conference

Co-sponsors: Federal Reserve Bank of Chicago and DePaul University, Driehaus College of Business, Center for Financial Services

 

 

 

While recent actions have delayed the immediate risks of the fiscal cliff, there continue to be headwinds for the financial sector. In order to navigate today’s increasingly complex global markets, financial institutions and supervisors alike must consider challenges posed by current economic conditions, an evolving regulatory environment, new market participants and increasingly demanding technology capabilities and controls. Among the more significant challenges facing today’s market participants given the factors identified above are business model and strategic risks. Financial institutions are generally challenged to identify revenue-generating opportunities in the current economic and regulatory environment that are consistent with their respective firms’ risk appetite and capital adequacy planning requirements.

 

The sixth annual joint Risk Conference theme is focused on business model and strategic risk given the current environment, and will feature a noteworthy line-up of practitioners, supervisors and industry observers who will share their perspectives regarding the evaluation of business line growth strategies in the economic environment and their views on how strategic risk decisions will be consistent with new regulatory expectations and will ensure that operations are conducted within a framework that reflects strong technological capabilities given external risks.

 

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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04/09/13
8:00 AM
Registration and Continental Breakfast
8:30 AM
Opening Remarks
Elijah Brewer III, Professor and Chair, Finance Department, Driehaus College of Business, Depaul University
Steve Durfey, Senior Vice President Risk Specialists Division, Federal Reserve Bank of Chicago
9:00 AM
Keynote Address
David Marshall, Associate Director of Research, Director of Financial Markets Group and Senior Vice President, Economic Research, Federal Reserve Bank of Chicago
9:45 AM
Break
10:00 AM
Panel: Business Model Risk
Moderator
Kevin Stiroh, Senior Vice President and Co-Head of Market Operations, Monitoring and Analysis, Federal Reserve Bank of New York
Panelists
Robert DeYoung, Capitol Federal Professor in Financial Markets and Institutions, University of Kansas School of Business
Ron Feldman, Senior Vice President – Supervision, Regulation and Credit, Federal Reserve Bank of Minneapolis
Winthrop Smith, President, Win Analytics, LLC
Stephen Taylor, Chief Financial Officer, BMO Financial Group, U.S. Operations
11:45 AM
Luncheon & Keynote
Speaker
Edward Kane, Professor of Finance, Boston College
1:30 PM
Panel 2 Stress Testing and Capital Planning
Moderator
Lisa Ryu, Deputy Associate Director, Federal Reserve System Stress Testing, Federal Reserve Board of Governors
Panelists
Mike Alix, Senior Vice President, Cross Firm Perspectives and Analytics, Federal Reserve Bank of New York
David Palmer, Senior Supervisory Financial Analyst, Federal Reserve Board of Governors
Thomas Day, Senior Director, Regulatory and Risk Solutions, Moody's Analytics
2:45 PM
Break
3:00 PM
Keynote Address: Cyber Security
Andrew Hoog, Chief Executive Officer and Co-founder, ViaForensics
3:45 PM
Panel 3 Cyber Security
Moderator
Sandeep Dhameja, Technology Risk Team Leader, Large Institutions, Federal Reserve Bank of Chicago
Panelists
Eric Brelsford, Special Agent, Frederal Bureau of Investigation
Andrew Bonillo, Director, Cyber Security Strategy, Verizon
Adrienne Haden, Assistant Director, Operations and Information Technology Policy, Federal Board of Governorss
5:00 PM
Reception
04/10/13
8:00 AM
Continental Breakfast
8:30 AM
Keynote Speaker: A View from the Corner Office
James Rohr, Chairman and Chief Executive Officer, PNC Financial Services Group
9:45 AM
Break
10:00 AM
Panel 4 Perspectives on Current and Emerging Risks from Chief Risk Officers
Moderator
Todd Vermilyea, Senior Associate Director, Risk and Surveillance, Federal Reserve Board of Governors
Panelists
Richard Hidy, Executive Vice President and Chief Risk Officer, US Bancorp
Ken Phelan, Chief Risk Officer, RBS Americas
Bruce Thompson, Chief Financial Officer, Bank of America
10:45 AM
Panel 5 Residential Mortgage Securitization: Recent Policy Developments
Mario Ugoletti, Special Advisor to the Director, Federal Housing Finance Agency
Moderator
Scott Frame, Professor of Finance, University of North Carolina at Charlotte
Andrew Davidson, President, Andrew Davidson and Co.
Steve Ganzler, Principal, Five Bridges Advisors, LLC
Panelists
Adam Ashcraft, Senior Vice President and Head of Credit Risk Management, Federal Reserve Bank of New York
12:15 PM
Box Luncheon
12:15 PM
Special Event - Bankers Only Session
Special Event concludes at 2:00 p.m
Moderators
Rebecca Chmielewski, Assistant Vice President, Financial Markets Utilities Group, Federal Reserve Bank of Chicago
Wiliam Obenshain, Executive Director, Center for Financial Servies, DePaul University
2:00 PM
Conclusion of Bankers Only Session
5:00 PM
Reception

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Area Hotels

Club Quarters Hotel
111 W Adams St
Chicago ,  IL   60603

Tel: (312) 575-0006

Website

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.

Wyndham Hotel Blake
500 S Dearborn St
Chicago ,  IL   60605

Tel: (312) 986-1234

Website

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.

JW Marriott Hotel
151 W Adams St
Chicago ,  IL   60603

Tel: (312) 660-8200

Website

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.

Omni Chicago Hotel
676 N Michigan Ave
Chicago ,  IL   60611

Tel: (312) 944-6664

Website

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.

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

Tel: (312) 943-9800

Website

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.

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

Tel: (312) 322-1200

Website

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.


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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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