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RMA-NY Chapter Presents:
Risk Management Lessons from the Global Crisis:
Insights from the Senior Supervisors Group
Click Here for a Copy of the Senior Supervisors Group Report from the Federal Reserve Bank of New York, “Risk Management Lessons from Global Banking Crisis of 2008.”
Date: Wednesday, December 2nd, 2009
Location: JP Morgan Chase - Downtown at One Chase Manhattan Plaza (Pine St. and Nassau St.)
Subway Directions: 2, 3, 4 or 5 train to the Wall Street stop, or J, M or Z trains to the Broad Street stop
Time: Registration & Cocktails 5:30 PM – Program Start 6:15 PM
On October 21, 2009, the Senior Supervisors Group published a report, Risk Management Lessons from the Global Banking Crisis of 2008. The SSG - a forum composed of senior supervisors of major financial services firms from Canada, France, Germany, Japan, Switzerland, the United Kingdom, and the United States - undertook to evaluate for a second time how weaknesses in firms' risk management and internal controls may have contributed to the industry's severe distress. The report reviews key developments since the group's first report, Observations on Risk Management Practices during the Recent Market Turbulence (March 2008); shares risk management observations (primarily on funding and liquidity risk issues) in 2008; and discusses the industry's own sense of its compliance with recommendations put forward in various supervisory and industry studies during that year. The presenters will review several of the funding and liquidity issues central to the recent crisis and explore critical areas of risk management practice in need of improvement across the financial services industry.
Panelists:
Kathy Dick, Deputy Comptroller, Credit and Market Risk, Office of the Comptroller of the Currency
Denise Landers, Senior Special Counsel, Division of Trading & Markets, Securities and Exchange Commission
Alexa Philo, Supervising Examiner, Federal Reserve Bank of New York
Ted Price, Assistant Superintendent, Supervision, Office of the Superintendent of Financial Institutions, Canada
Moderator: Lance Auer, Governor of RMA-NY from the Federal Reserve Bank of New York
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