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fasterRISK DATA and ANALYTICS 07 October 2008 London
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Politicians have renewed vigour
Speech by Charlie McCreevy, European Commissioner for Internal MarketSpeech by Charlie McCreevy, European Commissioner for Internal MarketEuropean Parliament Plenary Session European Parliament Plenary Session Brussels, 22 September 2008 Brussels, 22 September 2008
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The regulators have figured it out…
““The present troubles have exposed the fact The present troubles have exposed the fact that very that very many of the best regarded among many of the best regarded among
the world’s financial institutions had risk the world’s financial institutions had risk management which was not up to the management which was not up to the
expectations placed upon it.expectations placed upon it. … It is something … It is something which affects firms at the very core of our which affects firms at the very core of our financial system, and it is something which financial system, and it is something which requires deep and urgent attention. The requires deep and urgent attention. The
industry itself recognizes the changes that industry itself recognizes the changes that need to be made. There is no shortage of need to be made. There is no shortage of
diagnosis …. diagnosis …. What is now needed is action – What is now needed is action – implementation, not further diagnosisimplementation, not further diagnosis.” .” Speech by Callum McCarthy at the The City Banquet, The Mansion House, London 18 September 2008Speech by Callum McCarthy at the The City Banquet, The Mansion House, London 18 September 2008
Senior management are in no position to argue...Senior management are in no position to argue...
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“Sort out your business” is a widespread mantra for 2008/9
““....poor,poor, indeed, sometimes indeed, sometimes disastrous, risk disastrous, risk managementmanagement by financial institutions which by financial institutions which was was partly to blame for the current financial partly to blame for the current financial
turmoilturmoil” …. “” …. “Risk managementRisk management should be part should be part of the of the strategy of the firm, the culture of the strategy of the firm, the culture of the
organisationorganisation. It is the duty of senior . It is the duty of senior management in financial institutions to management in financial institutions to
address this”address this” Speech by Charlie McCreevy, European Commissioner for Internal MarketSpeech by Charlie McCreevy, European Commissioner for Internal MarketTransatlantic Corporate Governance Dialogue 2008, Transatlantic Corporate Governance Dialogue 2008, Brussels, 9 September 2008 Brussels, 9 September 2008
18.30Keynote SpeakersKeynote Speakers
Andrew Parry JPMorgan Chase
Vassil Alexandrov Reading University ACET (Advanced Computing Emerging Technology
Table Discussion
Brian Sentance Xenomorph
Boris Lipiainen Thomson Reuters
PanelPanel
Yaacov Mutnikas AlgorithmicsJohn Godfrey m35Nigel Matthews Thomson ReutersJim Burns MicrosoftAndy Hirst SAP – Business Objects
Chief Wine OfficerChief Wine Officer– 21.30