Payment Systems Risk Symposium

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2015 Program

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

5:30 – 6:30pm

Conference Kickoff Reception

6:30 - 8:15pm

Conference Kickoff Dinner Panel

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 in the Current Regulatory Environment 

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 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.

 

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?

 

Wallet Wars

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

Supervision

 

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

Litigation & Enforcement

 

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. 

TimeDescription 

8:00 - 9:30am

Conference Breakfast Political Panel

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 

10:45 - 11:00am

BREAK

11:00am - 12:00pm

Keynote Speaker 

12:00 - 1:30pm

Conference Lunch Panel on Cyber