Liquidity Risk Management: Regulatory and Compliance Issues in 2014
Overview:As the administration continues to step up enforcement activities on companies with respect to liquidity issues, the need for your company to review your compliance/risk management program intensifies. Banks are now faced with two distinct sets of challenges when addressing liquidity risk requirements. This would include: setting up the operational infrastructure and policies that support ratio calculation, capital realignment, and reporting requirements. This class will provide attendees with up to the minute regulatory updates and best practice concepts with respect to Liquidity Risk Management in 2014.
Robert J. Ceske, Principal, Advisory,
- Introductory where've been, where now
- US requirements vs European requirements
- Quantifying changes
Don Mumma, Managing Director,
- Source data challenges
- Possible changes future requirements
Adrian Docherty , Head of FIG Advisory ,
- Liquidity regulations: where are we and where did we come from and where are we heading
- The role of liquidity ratios, liquidity stress tests and liquidity risk appetite
- Liquidity management as a differentiating capability
- Building an appropriate funding mix
- Blue-sky solutions for the industry: alternatives to deposit guarantees and liquidity portfolios
Amit Agarwal, Head of Citi Liquidity Management Services, EMEA,
- Corporate treasurer priorities – Managing regulatory changes, addressing challenges and leveraging opportunities
- Dealing with trapped cash and short term investments
- Liquidity Risk Management - Policy and Governance Implications for Banks
Cory Paape, Senior Vice President, Treasury Management, and Product Manager,
- Pending Money Market Reform changes, BASEL III, and the Volcker rule
Who Should Attend:
- CFOs and the Finance Team
- Finance Executives
- Internal Auditors
- Risk Managers
- Financial Controllers
- Senior Management
- Credit Risk Officers and Analysts
- Lawyers and CPAs whose Practice area involve Liquidity Risk Management
Rob brings over 20 years of experience in risk management and capital markets from banks (J.P. Morgan and Merrill Lynch), consulting companies (McKinsey & Company, NetRisk and Coopers & Lybrand) and corporations (GE/GE Capital). Prior to joining KPMG, Rob co-led the Risk and Regulation service line for McKinsey & Company and was the Chief Risk Manager for Corporate Treasury at GE/GE Capital.
As a risk practitioner and strategic advisor, Rob has helped financial and non-financial companies to improve their funding and liquidity risk management, governance and strategy, as well as their asset/liability management, market, credit and operational risk.
Rob brings over 20 years of experience in risk management and capital markets from banks (J.P. Morgan and Merrill Lynch), …
Don Mumma is Managing Director of Axiom Software Laboratories (AxiomSL), and heads the company's risk management practice.
Mr. Mumma, who joined AxiomSL in 1998, has 20 years of experience as a financial services executive and risk management specialist with firms such as JPMorgan Chase and Toronto Dominion, where he spearheaded the firm's entry in the U.S. energy market. He also worked for Credit Suisse, where he implemented the company's first Global Currency Options unit and while head of the bank's Australia/New Zealand region, acted as regional Chief Risk Officer.
An active member of several professional organizations, including the Global Association of Risk Professionals (GARP), Professional Risk Managers International Association (PRMIA) and International Association of Financial Engineers (IAFE), Mr. Mumma has published several articles on risk management throughout his career.
Mr. Mumma received his bachelor's degree from Miami University and earned his master's degree in finance from The Ohio State University.
Don Mumma is Managing Director of Axiom Software Laboratories (AxiomSL), and heads the company's risk management practice. Mr. Mumma, who …
Adrian Docherty and his team provide key relationship bank clients around the globe with technical sector expertise and help on strategic financial issues relating to balance sheet management. In practice, this means advising on capital raising alternatives, risk management and transfer frameworks, regulatory developments (especially Basel III), funding/liquidity strategies, solvency creation and optimisation structures and innovative ways of financing growth. Recently, the team has been working extensively with public authorities and banks on restructuring strategies in the light of the global financial turmoil.
Adrian has twenty-two years’ experience in advising financial institutions, initially as a strategy consultant with Booz Allen Hamilton's Financial Services practice. After nine years at Booz Allen, Adrian was hired in 2001 by one of his clients, Barclays, to help run the rapidly growing investment banking business line. Adrian spent three years as COO of Investment Banking, before moving to run the balance sheet advisory team in Barclays Capital's Financial Institutions Group. Adrian holds a Master's degree from Cambridge University and his book “Better Banking: Understanding and Addressing the Failures in Risk Management, Governance and Regulation” was published in December 2013 by Wiley.
Adrian Docherty and his team provide key relationship bank clients around the globe with technical sector expertise and help on …
Mr. Agarwal heads EMEA Liquidity Management Services (LMS) business within Treasury and Trade Solutions (TTS) group at Citi. Based in London, he is responsible for helping institutional clients with efficient liquidity management and short term cash optimization solutions, managing institutional portfolio of $120Bn+ across 55 countries in Europe, Middle East and Africa. Mr. Agarwal has been with Citi for over 12 years working in Asia, Europe and North America in various positions across product management and corporate treasury, responsible for product development, liquidity and interest rate risk management, and portfolio optimization.
Mr. Agarwal heads EMEA Liquidity Management Services (LMS) business within Treasury and Trade Solutions (TTS) group at Citi. Based in …
Cory Paape is a Senior Vice President, Product Manager in Wells Fargo Treasury Management, currently supporting sweep, liquidity, and account analysis functions. Cory has 17 years of experience in financial services, primarily in Wells Fargo Treasury Management and Corporate Treasury. His focus has been on Wells Fargo's investment portfolio, short-term and long-term funding vehicles, regulatory and SEC reporting, deposit pricing, and various account-analysis initiatives.
Cory Paape is a Senior Vice President, Product Manager in Wells Fargo Treasury Management, currently supporting sweep, liquidity, and account …
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About KPMG LLP
KPMG LLP, the audit, tax and advisory firm, is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 145,000 professionals, including more than 8,000 partners, in 152 countries.
Axiom Software Laboratories, Inc., (AxiomSL) is the global leader in regulatory reporting and risk management solutions for the financial services industry. Established more than 20 years ago, AxiomSL empowers financial institutions to meet regulatory reporting and risk requirements across multiple regulators and jurisdictions. Via the strategic data-driven platform, firms can meet demands from various regulations, including Basel III, Dodd-Frank, AIFMD, FATCA, FINREP/COREP and Solvency II, as well as liquidity, market and credit risk management requirements.
Leading financial firms use AxiomSL's data management, regulatory reporting and risk management solutions to administer all internal data procedures, simplify, standardize and automate processes, and improve data integrity to successfully enhance decision making. The AxiomSL platform integrates clients' source data from disparate systems and locations, without any data conversion, in a cost-effective manner, providing flexibility, transparency, traceability and the ability to drill down into data sources. It also delivers analytical applications in the areas of data integration and warehousing, financial risk management, regulatory reporting, compliance and financial control. This solution enables financial institutions to have full control over every step of the process and can adapt quickly to evolving regulations.
AxiomSL's suite delivers a fully integrated solution from data sourcing to final reports including XBRL submission. www.axiomsl.com
About BNP Paribas
BNP Paribas Corporate and Investment Banking (CIB) is a leading provider of solutions to corporates, sovereigns, financial institutions and investors worldwide. Some 19,000 professionals in 45 countries provide clients with personalized services for managing their risks and assets, financing and expanding their business and servicing their operational needs.
BNP Paribas CIB excels in:
· Advisory and Capital Markets, where it is a global leader in Debt Capital Markets and a top European house in Equity Capital Markets
· Derivatives, where it is one of the leading global players in interest rates, credit, foreign exchange, commodity and equity derivatives.
· Corporate Banking, where it has leading franchises in Transaction Banking (trade finance, cash management) and in Specialized Financing (energy & commodities, transportation, export, project, leveraged, media telecom, corporate acquisition finance and real estate)
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank's customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune's 2013 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially.