Payment Systems Risk Symposium

Become a Sponsor

Partner with The Clearing House

Become a partner in the industry’s preeminent banking and payments conference to engage with the commercial banking industry’s leading decision makers and thought leaders.

View details »

2015 Program

NEW

TimeDescription 

2:00 - 3:00pm

Pre-Conference Payments System Risk Symposium

Co-Sponsored with FRBNY

Resiliency in the Face of Catastrophe: Maintaining Participant FMU Capabilities in the Face of Catastrophic System Failures.

Whether from possible cyber attack or other cause, maintaining participant operational connectivity with FMUs is critical to the smooth functioning of the financial system. This panel will examine participant business continuity planning best practices from both the FMU and participant perspectives as well as work being done at the industry level to examine contingency needs for catastrophic participant system failures.

3:00 - 4:00pm

Pre-Conference Payments System Risk Symposium

Co-Sponsored with FRBNY

Liquidity Constraints and Preventing Systemic Contagion: Managing Liquidity in an Uncertain World.

Heightened concerns regarding potential liquidity constraints in times of stress have led to increased expectations that FMUs will effectively measure, monitor and manage the liquidity risk that arises in or is borne by the FMU. This panel will explore effective operational and analytical tools for use in liquidity management, including simulation testing and modeling at both the participant and FMU level, and other issues related to managing liquidity risk.

4:00 - 5:15pm

Pre-Conference Payments System Risk Symposium

Co-Sponsored with FRBNY

Reflections from the FMU World; Principles for Financial Market Infrastructures and Increased Regulatory Expectations One Year Later.

One year in to the formal adoption of new risk management standards for FMUs, this panel will examine the lessons learned and developing issues surrounding the intersection of the Principles for Financial Market Infrastructures, regulatory expectations, and FMU and participant practices.

 

A Cross-Border View on Banking Ethics and Conduct Policies and Practices

Bank supervisors and international standard setters have encouraged banking organizations to enhance their governance practices to promote appropriate behavior.  There has been additional supervisory emphasis on how standards of appropriate behavior are communicated throughout the organization and embedded in internal policies and practices.  Panelists will discuss the challenge of building policies in this area, efforts by international standard setters to develop industry-level ‘codes of conduct’ and practices employed by individual institutions at both the firm and business-unit levels to communicate and monitor standards of conduct that encourage integrity and the ethical values.

5:30 – 6:30pm

Conference Kickoff Reception

6:30 - 8:15pm

Conference Kickoff Dinner Featuring Keynote Speaker 

TimeDescription 

8:00 - 9:15am

Conference Breakfast Featuring Keynote Speaker

9:15 - 10:15am

Views on the Current State and the Future of Banking

Regulation, technology, the growth of non-bank financial institutions, and changing consumer demands are re-shaping the banking industry. This panel convenes leading experts with an outside perspective on the industry for an in-depth discussion on the current state and the future of the commercial banking landscape.

10:15-10:30am

BREAK

10:30 - 11:30am

Shaping the Bank Balance Sheet in View of Basel III Capital and Liquidity Regulation

Heightened supervisory and regulatory standards in asset liability management are reshaping large bank short-term and long-term asset liability management practices. Panelists drawn from the country’s top regulators, treasurers of the largest banks in the country and bank advisors will describe these recent developments and the impacts of capital and liquidity reform proposals on markets, market participants and the overall economy.

 

Decrypting Crypto Currency

People tend to either blindly embrace alternate currencies such as Bitcoin, Ripple and Stellar as the future of money, or they reject crypto currency out of hand as too risky or unsavory for serious consideration. Neither approach is based on a good understanding of the potential, and the limitations, of this new technology. This session explores the range of applications for crypto-currency protocols, from payments to complex financial transactions.

11:30 - 11:35am

BREAK

11:35am - 12:35pm

Risk Management: Present and Future

Effective risk management continues to be a top priority for financial institutions and the U.S. banking agencies.  Increased regulatory mandates and the evolution of risks faced by financial institutions have led to significant changes in risk management practices in the financial services industry.  Panelists will discuss key developments in risk management, provide their views on potential future risks to the banking sector, and how financial institutions are preparing to deal with emerging challenges.

 

Wallet Wars: Consumer Demands, Technology, Security and the Future of Mobile Payments

Since the dawn of e-commerce, entrepreneurs and incumbents have pursued the holy grail of the digital wallet, with over 200 failed attempts. Now, with formidable entrants such as Apple and Google having launched new wallet products, or retooled prior offerings, it is widely posited that consumers, merchants and banks will rapidly adopt and migrate away from physical cards. This panel will review the major wallet offerings, including customer experience, merchant value proposition, economics and safety/security. We will review market positioning of technology companies -- both incumbents and startups -- as well as banks, merchants and telcos, along with potential combination from disruptive models such as Bitcoin wallets. We will also discuss safety/soundness, privacy, public policy and regulatory implications.

12:35 - 1:50pm

Conference Lunch Featuring Keynote Speaker

1:50 - 2:00pm

BREAK

2:00 - 3:00pm

The Chairman’s Panel: Strategic Views on the Evolution of the Banking Industry

Six years removed from the actual events, the regulatory response to the financial crisis continues to evolve and reshape the industry landscape, with major implications for the economy as a whole. CEOs from TCH Owner Banks will discuss this evolution, how new regulations and regulatory uncertainty have prompted a divergence from the traditional banking model, and how this divergence is affecting their businesses.

3:00 - 3:15pm

BREAK

3:15 - 4:15pm

Developing Supervisory Priorities and Approaches Aimed to Promote Financial Stability and Compliance  

In recent years, U.S. banking agencies have implemented – and they continue to explore additional - changes in supervisory tools and methods aimed at promoting financial stability and effective compliance.  These include a more risk-based, forward-looking approach to supervision, an expanded scope of supervision to incorporate macroprudential and resolvability considerations and enhanced dialogue with institutions around issues such as corporate governance.  The panelists will discuss key developments and trends that will shape global and U.S. bank supervision in years to come, including: the development of new supervisory frameworks, including for the U.S. operations of foreign banking organizations, “heightened standards” reviews of the risk and corporate governance of large national banks, and the implementation of the Federal Reserve’s supervisory framework for large banking institutions. 

 

Assessing Tools for the Recovery and Resolution of CCPs

What are the appropriate recovery tools for CCPs? What would an effective resolution regime look like for CCPs? Can we leverage the legal framework for bank resolution for CCP resolution?

 

Bringing Real-time Payments to Market

Real-time payments have the potential to change financial services for consumers and businesses in fundamental ways, but only if financial institutions develop innovative products. Panelists will discuss how features such as immediate funds transfer and flexible real-time messaging to create a superior customer experience.They will also discuss the imperative for financial institutions to play a leading role in payments innovation.

4:15 - 5:15pm

Emerging Challenges in Bank Litigation and Civil and Criminal Law Enforcement

The litigation and enforcement environment continues to evolve and responding to government investigations and enforcement actions is more challenging than ever before.  There has been greater attention being paid to the implications of a guilty plea as well as increasing discourse around the appropriate level of transparency in how government authorities decide when to bring charges or to seek some lesser resolution based on factors such as self-reporting, having an effective compliance program or cooperating in the government’s investigation.  Panelists will share their insights into the hallmarks of a good internal investigation, current enforcement priorities and initiatives, key strategic and tactical challenges as well as the continued debate over institutional v. individual accountability.  

 

Cross Border Payments Beyond Correspondent Banking

Unconventional market players have continued to change the bank and payments paradigm. Will partnerships and new approaches result in re-defined bank of the future? Banks have long provided access to international payments through a network of correspondent banks. As the market expands, this once-efficient network has become burdened with regulation, bureaucracy and overhead, and opened the door to new and nimble players. This session will provide insight into how partnerships and new approaches may untangle the current model and result in a more efficient and competitive bank in the future.

 

Chasing Innovation: Regulatory Infrastructure and the Emerging Risks of New Payment Models

This panel will explore the emerging risks associated with new payment models, the adequacy or inadequacy of the current regulatory infrastructure, and what, if any, changes are needed to protect consumers and the payments system.

5:30 - 6:30pm

Annual Chairman's Reception

6:30 - 8:30pm

Annual Chairman’s Dinner Featuring Keynote Speaker

TimeDescription 

8:00 - 9:30am

Conference Breakfast Featuring A Discussion of Commercial Banking: At the Intersection of Policy and Politics 

The Presidential Primary season is underway and the early outlines of the 2016 election landscape are coming into focus. This session – featuring Washington insiders -- will focus on how policy towards banks will be formulated amongst Presidential candidates, the potential outcomes through the primaries, the general election, and ultimately the election of our 46th President in November 2016.

9:30 - 9:45am

BREAK

9:45 - 10:45am

Demonstrating Resolvability of Systemically Important Banks

This panel will explore issues and challenges associated with the U.S. resolution planning process under Section 165(d) of Dodd-Frank (the so-called living wills requirement) and related credibility reviews conducted by U.S. authorities; discuss the FDIC’s efforts to build out its resolution powers under Dodd-Frank’s Title II Orderly Liquidation Authority; provide an analysis of key legal and regulatory developments, such as the minimum total loss absorbing capacity (TLAC) requirement and the ISDA protocol imposing automatic stays on derivative counter-party termination rights and related regulatory support measures; and identify relevant developments occurring outside of the U.S., including principally in the U.K. and Europe.

 

AML/Sanctions Regulation and Enforcement Climate: Updates and Observations

The panel will discuss current regulatory and enforcement developments in the U.S. and EU anti-money laundering and sanctions environment, share observations about these developments, and provide insight into expected anti-money laundering and sanctions trends going forward.

10:45 - 11:00am

BREAK

11:00am - 12:00pm

Keynote Speaker

12:00 - 1:30pm

Lunch Featuring Cyber-attacks: Where Are They Coming From?

This panel will dissect some of the major groups behind headline breaches: who they are, where they are located, how they are structured and their end-game. Latest cyber trends and defensive measures will also be discussed and debated.