08.50 Chairman’s opening remarks:

09.00 KEYNOTE ADDRESS: Adapting risk strategies to meet the evolving landscape

• The importance of integrated risk management
• Re-enforcing the ‘three lines of defense’
• The closer integration of credit and market risk
• The growing importance of operational risk management
• Correlations between global events and the risk profile/risk  tendency of South African banks

Paul Hartwell, Group Chief Risk Officer, STANDARD BANK

09.40  CHIEF RISK OFFICER ROUNDTABLE: Developing a sustainable risk culture

• The CRO’s role in implementing an effective and strong risk culture
• Risk response and creating risk urgency within a company
• How to use risk reporting methods that increase accountability and ownership to the ERM culture
• How to implement a risk management DNA throughout the organisation

Jaco Grobler, Chief Risk Officer, FIRSTRAND
Hesham Hamdy, Chief Risk Officer, ARAB INTERNATIONAL BANK
Paul Hartwell, Group Chief Risk Officer, STANDARD BANK
Jan Lubbe, Chief Risk Officer, ABSA

10.20 South Africa’s misunderstood inflation transmission mechanism

• South Africa’s inflation forecasting failure
• Inflation is dominated by monetary rather than supply vs demand dynamics
• Understanding the drivers of inflation and the link to currency
• Global structural developments and the effect on South Africa inflation
• Long-term implications of this alternative view on inflation, interest rates and growth

George Glynos, Head of Research Tradition Data Analytics Services, TRADITION

11.00 Morning break and opportunity to network

11.30 Taking account of liquidity as part of the risk spectrum

• The importance of effective liquidity risk management: what has the financial crisis highlighted?
• Managing the liquidity supply
• New measures to reduce liquidity risk in a portfolio

Wynand van Niekerk, Chief Investment Officer, HUSAYMER CAPITAL INVESTMENTS

12.10 Achieving true diversification to reduce risk exposures

• Diversification by asset, country, and company
• Meeting risk/return objectives
• Risks to consider: volatility, illiquidity, currency, political risk
• Conducting effective due diligence

Graham Tucker, Quantitative Strategist, Macro Strategy Investments, OLD MUTUAL INVESTMENT GROUP SOUTH AFRICA

12.50 Managing foreign currency risk

• The EUR / USD basis swap
• The Rand Eurobond market
• Rand volatility and hedging strategies

Federico Galizia, Head, Risk Management and Monitoring, EUROPEAN INVESTMENT FUND

13.30 Lunch and opportunity to network

15.00 End of conference