Agenda

Agenda

Risk Hong Kong 2020 Programme

08:3008:50

Registration

08:30 - 08:50

08:5009:00

Chairman’s opening remarks

08:50 - 09:00

09:0009:30

Keynote address: The Status of Hong Kong as an International Financial Centre Post COVID19

09:00 - 09:30

Andrew Sheng

Distinguished Fellow

Asia Global Institute

Areas of Expertise:
International Finance and Monetary Economics, Financial Regulation, Global Governance

Andrew Sheng is well known in global financial circles as a former central banker and financial regulator in Asia and a commentator on global finance. He is Distinguished Fellow of Asia Global Institute, the University of Hong Kong. Andrew is the Chief Adviser to the China Banking Regulatory Commission, a Board Member of Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, a member of the international advisory council of the China Investment Corporation, the China Development Bank, China Securities Regulatory Commission and the Securities and Exchange Board of India.  He is also an advisor to the United Nations Environment Program Inquiry into the Design of a Sustainable Financial System.

Andrew served as Chairman of the Securities and Futures Commission of Hong Kong from 1998 to 2005, having previously been a central banker with the Hong Kong Monetary Authority and Bank Negara Malaysia. He also worked with the World Bank from 1989 to 1993. From 2003 to 2005, he chaired the Technical Committee of the International Organisation of Securities Commissions (IOSCO). He has published widely on monetary, economics and financial issues. His 2009
book entitled, "From Asian to global financial crisis: an Asian regulator’s view of unfettered finance in the 1990s and 2000s", was published by Cambridge University Press. His forthcoming book is "Shadow Banking in China: An Opportunity for Financial Reform", with Ng Chow Soon (John Wiley).

He is also an Adjunct Professor at the Graduate School of Economics and Management, Tsinghua University, Beijing and the University of Malaya, Kuala Lumpur. In 2009, he became the Pro-Chancellor of Universiti Tun Abdul Razak.

He writes regularly on international finance and monetary economics, financial regulation and global governance for Project Syndicate, AsiaNewsNet and leading economic magazines and newspapers in China and Asia. A chartered accountant by training, he has a BSc in Economics and Honorary Doctorates from the University of Bristol and University of Malaya. In April 2013, Andrew was named by Time magazine as one of the 100 most influential people in the world. He also appeared in the Oscar-winning film “Inside Job” in 2011.

Awards/Titles:
JSM, Malaysia, 1985

SBS – Silver Bauhinia Star, Hong Kong, 1997

LLD (Hon) University of Bristol, 1999

JP, Justice of Peace, Hong Kong, 1999

SPDK, Datuk Seri Panglima, Sabah, September 2005

Panglima Mangku Negara (PMN),Tan Sri, by His Majesty the King of Malaysia, June 2010

Honorary Fellow, Hong Kong Securities Institute (HKSI), 2012

09:3010:20

Executive panel: Risk in 2020 and beyond

09:30 - 10:20

  • How are banks defining, identifying and assessing emerging risks in the current environment of the Covid19 world?
  • ​​​​​Taking on other non-financial threats into your risk management framework: geopolitical turmoil, climate change, civil unrest
  • The rise of big data, machine learning and AI in finance – how can we utilise technology for more robust risk management methodologies?
  • What steps are banks taking that will lead us in the road to recovery?
Nick Anzman

Chief Risk Officer, Hong Kong, Global Head of Risk, Transaction Banking

ANZ Bank

Nick has been with ANZ Bank for over 10 years, spanning a career across New York, Hong Kong, and Cambodia. He has held roles across Risk, Trade Product and Relationship Management, and has served on various banking association committees including as the Chair of the Compliance Committee for the Association of Banks in Cambodia. As CRO Hong Kong, Nick is Chair of the Risk Management Committee and responsible for end-to-end Risk Management (Credit, Market, Operational) and Compliance/Regulatory engagement. He is a member of the Hong Kong Executive Committee, Asset Liability Committee and Global Transaction Banking Leadership Team.

 As Global Head of Risk, Transaction Banking, Nick acts as the primary Risk Executive alongside ANZs global Transaction Banking business which spans over 30 countries. He serves on ANZs Transaction Banking and Loans Product Committee, which is responsible for governance, approval and oversight of all TB and Loan products, and is the senior risk approval point for any policy/transaction exceptions. Prior to ANZ, Nick worked in Corporate Treasury with Siemens AG, where he was part of the team that deployed Siemens first-ever Supply Chain Finance program.

 

Darren Kim

Regional Chief Risk Officer & Regional Chief Credit Officer, Greater China & North Asia

Standard Chartered Bank

Darren Kim is the Regional Chief Risk Officer & Regional Chief Credit Officer, Greater China and North Asia. 

He first joined Standard Chartered in February 2014 as Head of Corporate Institutional and Commercial Risk of Standard Chartered Bank. In November 2015, he started double-hatting as Chief Credit Officer of Corporate Institutional and Commercial Risk in Korea and SCB Tokyo Branch & Chief Risk Officer of Standard Chartered Bank Korea.

Darren started his career in GE capital before moving on to Bank of America where he took various credit and market risk roles. He later moved to Hong Kong to join Merrill Lynch as Regional Credit Officer before becoming the Head of Risk Management Asia / Oceania ex-Japan at Daiwa. He is well-versed across different risk disciplines with extensive experience in credit analysis.

He holds a Bachelor of Arts in Economics from the University of Connecticut and an MBA from Fordham University in New York.

Darren is married with two daughters.  His favourite pastime activity is golfing.

Louis Kuijs

Head of Asia Economics

Oxford Economics

As Head of Asia Economics, based in Hong Kong, Louis leads the firm’s macroeconomic research and forecasting for Asia, oversees the team of economists across the region and serves clients globally.

Before joining Oxford Economics in 2015, Louis held senior positions in both the public and private sectors, including at the International Monetary Fund (IMF) in Washington DC, the World Bank in Beijing and at the Royal Bank of Scotland in Hong Kong. While with the World Bank in Beijing, he led the well-regarded China Quarterly Update, headed the Bank’s mid-term review of China’s 11th Five Year Plan and led research on China’s saving and investment, rebalancing, and long-term growth and structural change.  

Mr. Kuijs is a well-known observer of the Chinese economy and contributes regularly to the international media

10:2022:50

Morning break

10:20 - 10:50

10:5011:40

Panel: Regulatory fragmentation – causes, effects and other related issues

10:50 - 11:20

  • How has regulatory fragmentation impacted the Asia Pacific region? 
  • What can global standard setters and national regulators do to tackle the issue?
  • Balancing compliance with local regulations while maintaining adherence to global standards
  • Where is fragmentation creating the biggest problems for Asian market participants?
Virginie Duval

Head of Legal APAC Regulatory Advisory

BNP Paribas

Susan M Sayers

Regional General Counsel

HSBC

Susan Sayers joined the HSBC Group in 1995 in Hong Kong. She was employed in various roles in the legal function in Hong Kong and was appointed Deputy General Counsel, Asia Pacific in 2007 and Asia Pacific Regional Head of Global Banking and Markets Legal in 2010. 

Susan joined HSBC Bank Middle East Limited as Regional General Counsel in April 2013 and was appointed Regional General Counsel, Asia Pacific in January 2016. 

Susan is qualified as a solicitor in both England and Hong Kong and is a member of the Law Societies in both jurisdictions. She is also an associate member of the Chartered Institute of Bankers. 

She practised as a banking lawyer in various law firms in London and Hong Kong prior to joining HSBC. 

Her professional experience includes asset financing and mortgage enforcement, shipping and banking litigation, corporate and private trusts law, trade and receivable financing and securities law. 

Susan is involved in various women’s networking and development forums and mentors a number of women in the banking industry. Susan is also an active supporter of HSBC’s community initiatives.

11:4012:00

Deep dive: Are you prepared for phase V initial margin implementation?

11:20 - 11:50

  • Outstanding issues to resolve to meet HKMA’s September 2021 deadline
  • Implications for IM entities coming into scope
  • Benefits of a fully integrated collateral management model for various collateralization
  • What are the lessons learnt from previous implementation phases? 
  • Implementation and infrastructure consideration 
Susan M Sayers

Regional General Counsel

HSBC

Susan Sayers joined the HSBC Group in 1995 in Hong Kong. She was employed in various roles in the legal function in Hong Kong and was appointed Deputy General Counsel, Asia Pacific in 2007 and Asia Pacific Regional Head of Global Banking and Markets Legal in 2010. 

Susan joined HSBC Bank Middle East Limited as Regional General Counsel in April 2013 and was appointed Regional General Counsel, Asia Pacific in January 2016. 

Susan is qualified as a solicitor in both England and Hong Kong and is a member of the Law Societies in both jurisdictions. She is also an associate member of the Chartered Institute of Bankers. 

She practised as a banking lawyer in various law firms in London and Hong Kong prior to joining HSBC. 

Her professional experience includes asset financing and mortgage enforcement, shipping and banking litigation, corporate and private trusts law, trade and receivable financing and securities law. 

Susan is involved in various women’s networking and development forums and mentors a number of women in the banking industry. Susan is also an active supporter of HSBC’s community initiatives.

12:0012:20

Fireside chat: Interview with CRO

11:50 - 12:20

  • What keeps a CRO up at night?
  • How do we best integrate innovation and technology into the traditional business model?
  • How will the role of a CRO continue to evolve?

12:2013:30

Lunch

00:20 - 13:30

13:3013:50

Deep dive: Cross-border disputes on monetization and demonetization of defaulted loans and guarantee portfolios in China, the U.S. and offshore

13:30 - 13:50

13:5014:40

Panel: LIBOR reform amidst the Covid19 – what are the next steps and how to get prepared?

13:50 - 14:40

  • How is the timing of LIBOR cessation likely to play out during the current Covid19 crisis?
  • How can financial institutions futureproof themselves for various scenarios?
  • What are the key challenges faced by Asian jurisdictions in transitioning to alternative benchmarks?
  • Impact on valuation methodologies
  • Renegotiating existing contracts
  • How to adjust market risk profile and hedging strategies
  • Assessing the adaptation challenges ahead and solutions in progress against the background of economic downturn or a tepid economic recovery
Navin Desor

Deputy General Counsel, Regional Head of Legal, Global Markets, Asia Pacific

HSBC

Navin Desor is the Asia-Pacific head of Global Markets Legal for HSBC since 2015. Prior to working at HSBC, he worked for over 10 years at Linklaters (both in London and Hong Kong) specialising in OTC derivatives, credit derivatives and equity finance transactions. He was the lead associate advising KPMG on the close-out of derivatives positions in the liquidation of Lehman Brothers Commercial Corporation Asia Limited and worked on a number of corporate transactions involving the transfer of structured products. He has spoken at several industry conferences on derivatives master agreements and collateral documentation, margin requirements for non-cleared derivatives, impact of Brexit and netting.

Mr. Desor graduated in law from Trinity College, Cambridge University in 1998 and received his postgraduate law degree from the University of Virginia in 1999.

 

14:4015:30

Industry think tank: Curating a conversation for a sustainable banking industry

14:40 - 15:30

In the on-stage industry dialogue, regulators, academia and industry practitioners will come together and discuss the way forward in making banks in Hong Kong “greener”. With the participation of our audience via sli.do, the think tank will seek opinions from the industry and agree on the next steps.

Topics to cover:

  • “Greenness Baseline”: How are banks going to be assessed?
  • What are the tangible deliverables for banks in Hong Kong to become sustainable and green?
  • Drivers of and barriers to ESG integration
  • How to assess climate-related risks embedded in financial portfolios
Tim Chan

Senior Analyst, ESG Research and Integration

Manulife AM

Based in Hong Kong, Tim is Senior Analyst, ESG Research and Integration. Tim works closely with the Asia-based investment staff on ESG integration, research and engaging with companies on ESG issues, and is now leading the firm’s related efforts in North Asia.

Before joining Manulife Investment Management, Tim worked at Ernst & Young (EY) Hong Kong as an ESG advisory manager, where he provided ESG risk assessment consulting services to financial institutions, corporates and the government. Prior to EY, Tim worked in the Hong Kong Productivity Council as a consultant, with a focus on ESG projects for the HKSAR Government.

Tim holds a Bachelor of Science from the Chinese University of Hong Kong and a Master of Science in Environmental Management from the University of Hong Kong. He is a CFA charterholder and an EFFAS Certified ESG Analyst. He now represents Manulife Investment Management in Hong Kong Green Finance Association, Asia Corporate Governance Association, and is a member of ESG Group of The Hong Kong Society of Financial Analysts.

Chaoni Huang

Executive Director, Head of Sustainable Capital Markets; Secretary-General

BNP Paribas; Hong Kong Green Finance Association

As Head of Sustainable Capital Markets for Global Markets Asia Pacific, Chaoni leads BNP Paribas’ sustainable finance solutions for corporate, financial institutions and investors with a focus on primary asset finance and securitisation. Working with Global Markets in Asia Pacific and the Bank’s global sustainable finance community, Chaoni drives BNP Paribas’ continued expansion and leadership in Asian sustainable debt capital markets. Chaoni is an industry veteran with over 13 years of experience in sustainable finance having held various ESGrelated roles at Natixis, S&P Trucost, MSCI and the United Nations. In addition to her role at BNP Paribas, Chaoni is also deeply embedded in the sustainable finance industry where she is Vice President and Secretary General of the Hong Kong Green Finance Association and a guest researcher for the China Economy and Sustainable Development Centre at the Cheung Kong Graduate School of Business. Chaoni received her Bachelor of Economics from the University of Warwick.

15:3015:35

Closing remarks

15:30 - 15:35

15:3515:35

End of conference

15:50 - 15:55

09:0009:30

Keynote address: The Status of Hong Kong as an International Financial Centre Post COVID19

09:00 - 09:30

Andrew Sheng

Distinguished Fellow

Asia Global Institute

Areas of Expertise:
International Finance and Monetary Economics, Financial Regulation, Global Governance

Andrew Sheng is well known in global financial circles as a former central banker and financial regulator in Asia and a commentator on global finance. He is Distinguished Fellow of Asia Global Institute, the University of Hong Kong. Andrew is the Chief Adviser to the China Banking Regulatory Commission, a Board Member of Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, a member of the international advisory council of the China Investment Corporation, the China Development Bank, China Securities Regulatory Commission and the Securities and Exchange Board of India.  He is also an advisor to the United Nations Environment Program Inquiry into the Design of a Sustainable Financial System.

Andrew served as Chairman of the Securities and Futures Commission of Hong Kong from 1998 to 2005, having previously been a central banker with the Hong Kong Monetary Authority and Bank Negara Malaysia. He also worked with the World Bank from 1989 to 1993. From 2003 to 2005, he chaired the Technical Committee of the International Organisation of Securities Commissions (IOSCO). He has published widely on monetary, economics and financial issues. His 2009
book entitled, "From Asian to global financial crisis: an Asian regulator’s view of unfettered finance in the 1990s and 2000s", was published by Cambridge University Press. His forthcoming book is "Shadow Banking in China: An Opportunity for Financial Reform", with Ng Chow Soon (John Wiley).

He is also an Adjunct Professor at the Graduate School of Economics and Management, Tsinghua University, Beijing and the University of Malaya, Kuala Lumpur. In 2009, he became the Pro-Chancellor of Universiti Tun Abdul Razak.

He writes regularly on international finance and monetary economics, financial regulation and global governance for Project Syndicate, AsiaNewsNet and leading economic magazines and newspapers in China and Asia. A chartered accountant by training, he has a BSc in Economics and Honorary Doctorates from the University of Bristol and University of Malaya. In April 2013, Andrew was named by Time magazine as one of the 100 most influential people in the world. He also appeared in the Oscar-winning film “Inside Job” in 2011.

Awards/Titles:
JSM, Malaysia, 1985

SBS – Silver Bauhinia Star, Hong Kong, 1997

LLD (Hon) University of Bristol, 1999

JP, Justice of Peace, Hong Kong, 1999

SPDK, Datuk Seri Panglima, Sabah, September 2005

Panglima Mangku Negara (PMN),Tan Sri, by His Majesty the King of Malaysia, June 2010

Honorary Fellow, Hong Kong Securities Institute (HKSI), 2012

09:3009:45

Deep dive: A practical look at risk analytics in bank risk management

09:00 - 09:15

  • Garbage-in-garbage-out: addressing data quality issues
  • Using risk analytics to adjust operating principles to align with market shifts
  • Transforming legacy system for effective risk analytics – where should investments be made? 
  • From compliance-focused to performance-driven risk management: how risk data analytics plays a role?

09:4510:25

Panel: Examining risk and emerging technology

16:30 - 17:15

  • How regtech can help financial institutions better meet their regulatory monitoring, reporting, compliance and risk management needs? 
  • Combining legacy business systems and practices with regtech to solve regulatory and compliance challenges 
  • Implementing regtech strategies while minimizing technological risks 
Brian Tang

Managing Director

Advisory Board Asia Capital Markets Institute (ACMI) /HKU Fintech Index Project

Brian W Tang is the founder of Asia Capital Markets Institute (ACMI) and provides inclusive global thought leadership, industry-wide consensus building and transformational support for innovative technology, educational and policy solutions that reinforce professionalism, efficiency and innovation to foster trust and integrity.  

At global investment bank Credit Suisse in Hong Kong, and at international law firm Sullivan & Cromwell in New York and Silicon Valley, Brian advised on some of the world’s largest and first-ever financial services and technology capital markets and M&A deals from China, as well as on project bonds and microfinance. Brian also led a cross-disciplinary team at Credit Suisse to establish and manage one of the first Chinese joint venture investment banks.

Brian is co-chair of the RegTech Committee of the Fintech Association of Hong Kong and on the IEEE AI Ethics Initiative’s Policy Panel. He is also an author to the upcoming The RegTech Book on AI Responsibility Frameworks and has authored chapters in The FinTech Book (Wiley) and Reconceptualising Global Finance and Its Regulation (Cambridge).

Brian has recently been appointed an adjunct associate professor to spearhead Hong Kong University’s new Law, Innovation, Technology and Entrepreneurship (LITE) programme.

Brian graduated from The University of Western Australia with a combined Bachelors of Arts and Laws (with honours) and from New York University School of Law with a Masters of Laws

Aveline San

Chief Compliance Officer, Asia-Pacific

Citibank

Aveline joined Citibank N.A. in April 2019 as Regional Chief Compliance Officer for Asia Pacific.

Aveline was admitted as a solicitor and barrister in Australia in 1997. She joined Slaughter and May’s Hong Kong office in 1999 and thereafter joined UBS in February 2005 as a Transaction Lawyer. She transitioned into Compliance in 2007 as Head of Investment Banking and Research Compliance for Asia, subsequently running North and South Asia Compliance on a cross product basis. In January 2013 she became UBS’ General Counsel for Wealth Management North Asia. In October 2016, she was appointed the APAC Group Regional Head of Compliance & Operational Risk Control in addition to her role as APAC Wealth Management Head for the function.

Aveline has been the Chair of Compliance Committee of ASIFMA since 2017, actively promoting industry collaboration on innovation initiatives and leading regulatory dialogues on industry topics.

10:2510:40

Deep dive: FRTB – overcoming the implementation challenges

14:15 - 14:45

  • Standardised Approach vs Internal Model Approach in the region 
  • Practical examples of implementing different approaches of FRTB
  • Applications of FRTB in regional vs international banks
  • Solving FRTB back-testing and P&L attribution test puzzle

10:4010:55

Sponsor presentation

10:40 - 10:55

10:5511:25

Out of Industry Keynote

10:55 - 11:25

Risk Management and Preparedness - The Space Pilot's Perspective On What it Takes To Be Ready

David Mackay

Chief Pilot

Virgin Galactic

11:2511:30

Live polling and Q&A

11:25 - 11:30

11:3011:30

End of Virtual Conference Day One

11:30 - 11:31

09:0009:15

Deep dive: Technology risks in the uncertain times

09:00 - 09:15

  • Where do banks see the most tech adoption and solution in the medium to long term?
  • Secure by design: as banking and technology converge, how we bolster cyber resilience?
  • Data-driven organisations - developing and deploying supervisory technology to better adhere to the regulatory requirements

09:1509:55

Panel: Adopting a risk-based approach to AML & financial crime management

09:15 - 09:55

In today’s uncertain times of emerging risks and challenges, heightened further by the COVID-19 outbreak, the threat of money laundering and fraud has meant that banks need to take an active approach in assessing the risks associated with illicit activities. This discussion will address unprecedented challenges that the pandemic has brought and how it will continue to impact on AML/CFT systems and due diligence processes.

  • The current state of play: what are the key components of a risk based approach to financial crime management?
  • What are the key challenges banks need to overcome in order to establish effective data governance within their organisations?
  • How can financial institutions leverage data analytics, AI & ML in spotting and preventing financial crime?
  • A blueprint to enhancing agility to adapt rapidly to the ever-changing AML environment?

09:5510:35

Panel: A practical insight into LIBOR transition preparedness

09:55 - 10:35

The ongoing challenge in the transition from LIBOR has seen the broad array of stakeholders and market participants impacted by the reform.

  •  What are the key challenges faced by banks in Hong Kong in transitioning to alternative benchmarks?
  • The importance of collaboration: how should banks engage with their service providers to assess the required capabilities and schedules effectively?
  • What are the key risks and dependencies to be aware of when working with a technology vendor to transition smoothly?
Navin Desor

Deputy General Counsel, Regional Head of Legal, Global Markets, Asia Pacific

HSBC

Navin Desor is the Asia-Pacific head of Global Markets Legal for HSBC since 2015. Prior to working at HSBC, he worked for over 10 years at Linklaters (both in London and Hong Kong) specialising in OTC derivatives, credit derivatives and equity finance transactions. He was the lead associate advising KPMG on the close-out of derivatives positions in the liquidation of Lehman Brothers Commercial Corporation Asia Limited and worked on a number of corporate transactions involving the transfer of structured products. He has spoken at several industry conferences on derivatives master agreements and collateral documentation, margin requirements for non-cleared derivatives, impact of Brexit and netting.

Mr. Desor graduated in law from Trinity College, Cambridge University in 1998 and received his postgraduate law degree from the University of Virginia in 1999.

 

10:3510:50

Sponsor presentation

10:40 - 10:55

10:5011:30

Panel: Executive think tank: Mapping out the risk landscape for banks in Hong Kong on the road to recovery from a global pandemic

10:50 - 11:30

 

From employee well-being and business continuity, to maintaining resiliency and planning for the long term, banks need to be agile in navigating through the COVID-19 pandemic.

 

  • What are the emerging risks that banks should be aware of? What about black swan risks?
  • Remote working policies have caused an increase in operational risk - what is the way forward in tackling these issues and building more resilient systems?
  • What are the key regulatory changes to look out for?
  • Where do banks should look for new business opportunities in these uncertain times?

11:3011:30

End of Virtual Conference Day Two

11:30 - 11:31