RMA-The Risk Management Association will hold its annual conference on Capital Management, Risk Management-The Enterprise Perspective, in Washington, D.C., May 16-18, 2001, at the Loews L'Enfant Plaza Hotel. Laurence H. Meyer, a Federal Reserve Board Governor, will deliver the keynote address.
Philadelphia, Pa (April 23, 2001) -- RMA-The Risk Management Association has invited a distinguished group of speakers with experience in all aspects of risk management to its Annual Conference on Capital Management to be held in Washington, D.C. at the Loews L'Enfant Plaza Hotel, May 16-18.
Laurence H. Meyer, a Federal Reserve Board Governor, will deliver the keynote address on Thursday, May 17. He will discuss broadly how enterprise-wide risk management is practiced today. He also will discuss how the Federal Reserve views its role as the regulator of large complex financial institutions within the context of changes brought about by the Gramm-Leach-Bliley Act and the forthcoming changes to the Basel Accord.
Meyer's address will be followed by a panel discussion of chief risk management professionals: Robert W. J. Nimmo, chief risk officer, First Union Corp.; Eli Licht, chief credit officer, Wells Fargo Bank; and Maurice Hartigan, who is incoming president and CEO of RMA and a former executive vice president, PNC Corp.
Another distinguished panel of senior risk managers will discuss approaches to the new Basel Accord. When it is adopted in 2004, the international Accord will permit U.S. banks that practice advanced risk management techniques to set aside regulatory capital using an internal risk-based approach. Participants in this panel include Stuart Brannan, vice president-portfolio research and analysis, Bank of Montreal, Shaheen Dil, senior vice president, Portfolio Management Group, PNC Bank; and William Treacy of the Federal Reserve Board.
Issues in enterprise-wide risk management will be discussed in concurrent breakout sessions. These sessions include:
- Measurement of Risk and Risk Management Information Systems-Data Warehousing and Technology Issues
- Shareholder Disclosure of Risk Positions
- Stress Testing and the Management of Risk
- Approaches to Management of Operational Risk-Business Units and Basel
- Tools for Enterprise-Wide Risk Management: Market Risk-The Uses and Abuses of VaR, Risk Mitigation-Applications of New Tools, Optimizing Economic Capital-Moving from Model to Reality
General sessions will address the issues and challenges facing credit and market risk modeling as well as the evolving role of the chief risk officer.
RMA is the only financial services association that specializes in promoting effective credit risk management practices across the entire financial services industry. Its membership consists of more than 3,000 financial service providers. These institutions are represented in the association by more than 18,000 commercial loan, credit, and risk management professionals in 50 states, Puerto Rico, Canada and numerous foreign cities, including Hong Kong, Singapore and London. For more information, contact Pam Martin, Director of Regulatory Relations and Communications, at 215-446-4092.