Agenda

Agenda

Day 1

08:00

REGISTRATION AND BREAKFAST

08:45

RISK WELCOME ADDRESS

Tom Osborn, Risk Management Desk Editor, Risk. net  

08:55

CHAIRPERSON'S OPENING REMARKS

09:00

KEYNOTE ADDRESS: Macroeconomic perspective and political analysis

  • Has South Africa’s political inflection point proven stillborn?
  • Will the economy remain locked in malaise?

Goolam Ballim, Chief Economist and Head of Research, Standard Bank Group

09:40

C-SUITE DEBATE: Navigating the regulatory environment - how banks and financial firms are coping with major regulatory changes?

  • Key regulatory updates, trends and main priorities for financial institutions
  • South Africa vs.  Europe vs. US: exploring the market impact of regulation
  • Addressing regulation on clearing, trade reporting and post-Mifid implementations
  • Examining changing global regulation in relation to capital and what impact it will have on SA
  • Consultation on Market Data and its future impact on banks and fund managers

Representative, Rand Merchant Bank
Robert Coombe, Chief Operating Officer, Matrix Fund Managers
Lushendren Pather, Divisional Head: Bank Supervision, Banking, Insurance and FMI Supervision, South African Reserve Bank
Further panellists to be confirmed

10:20

PANEL DISCUSSION: Rise of FinTech - how financial market participants are capitalising on opportunities in the world of digital disruption

  • Digital drive and digital disruption - what it means for banks, fund managers and institutional investors?
  • FinTech companies disrupting banks vs. banks accumulating and partnering with FinTech: local and international perspectives
  • Risk and FinTech companies (valuation risk -are valuations disconnected with the usefulness of the technologies)
  • Major technology challenges: big data, machine learning, AI and Blockchain

Tim Hutchinson, Head of Digital for Financial Markets, Standard Bank
Mike Wright, Chief Digital Officer, Ashburton Investments
Further panellists to be confirmed
Neil Platten, Head of Retail Strategy Execution, Stanlib ( TBC)
Soumendra K. Dash, Principal Credit Risk Officer, African Development Bank

11:00

NETWORKING BREAK

Regulation and Risk Management

11:30

PANEL DISCUSSION: Clearing and risk management in the post-trade environment

  • Current state-of- play of the clearing landscape in South Africa
  • Overcoming regulatory issue of clearing. Ways to clear in SA? When can we expect domestic CCPs in South Africa?
  • The implications of local exchanges creating local CCPs for banks and international counterparts

Garth Klintworth, Head of Markets, Barclays Africa Group
Representative, LCH
Paul du Preez, Senior Risk Manager, JSE
Further panellists to be confirmed

12:10

PANEL DISCUSSION: Fundamental review of the Trading Book - how banks are getting to grips with FRTB in South Africa?

  • Is it worth going onto complexity of internal model or standardised model?
  • The P&L attribution test in NMRF aspects
  • Data pooling issues
  • What measure needs to be in place now in order for the derivatives market to improve liquidity and how it can benefit companies in the long run?
  • How FRTB is changing the nature of business - how FRTB is likely to impact business lines and changing structure in banks

Alain Tallier, Head Asset Class, Market & Valuation Risk, Barclays Africa CIB
Rishaan Ramnarain, Head of Market Risk, Investec Bank
Ashlin Poonan, Head of Banking Book Market Risk,  FCC Risk Management, FirstRand
Further panellists to be confirmed

12:50

PRESENTATION: Counterparty risk for cleared and non–cleared derivatives

  • Latest status on bilateral margin requirements and regime for  initial and variation margin
  • Operational challenges:  Dealing with market infrastructure and how it supports non-cash collateral management. Lack of platforms that supports no-cash collateral placements
  • Legal agreements
  • SIMM  –difficulties in development and regulatory validation

Speaker to be confirmed

12:10

LUNCH AND NETWORKING

14:30

PANEL DISCUSSION: Moving model risk up the agenda: best practices in managing risk

  • What makes a good model? Understanding models and how to manage model risk as a separate discipline
  • How to get the visibility of models interconnected? The same model can be used for different things
  • Best practice in managing models?
  • Model governance: Do we need models to monitor models? How to get the process policy governance right? What processes do you put in place in order to understand model dynamics and avoid model risk?
  • AI models and validation

Celia van Niekerk, Head of Portfolio Risk Management, FNB
Michael Perrie, Head of Risk Model Validation, Investec
Further panellists to be confirmed

15:10

PRESENTATION: Managing XVA and KVA

  • The role of XVA desk- transformational or utility function?
    -Challenges and possible solutions
     
  • XVA: have we solved fundamental challenges from first family of XVAs?
    -Consistency on standardisation of CVA calculations
    -How latest family of XVAs making likes of CVA and FVA less relevant
     
  • Have we reached a consensus approach for MVA ad KVA?
    -Have regulators and accounts caught up?

Victor Mofokeng, Head of Counterparty Risk Trading, Absa Capital

Portfolio Management and Investment Strategies

11:30

CIO PANEL DISCUSSION: Asset allocation in today’s environment –the search for new opportunities and investment pockets of value

  • How to invest in order to generate returns going forward when all asset classes appear to be expensive?
  • How to construct a meaningful portfolio in a crowded market whilst dealing with clustering of portfolio positions and asset selection amongst smaller managers?
  • What are the prospects and investable options out there today?
  • Best ways to allocate capital – where are we in the investment cycle?
  • Is risk priced correctly in the various asset classes?
  • Active vs. passive asset allocation
  • Structured products

George Herman, Director and Chief Investment Officer, Citadel
Eugene Botha, Deputy CIO, MMI Holdings
Clayton Stewart, Chief Investment Officer, Caleo Capital
Arno Lawrenz, Global Investment Strategist, Ashburton Investments
Vladimir Nedeljkovic, Chief Investment Strategist, Alexander Forbes Investments

12:10

PRESENTATION: The hidden risks in the bond market

  • Corporate bond holders have limited rights and protections: why do bank loans always get paid back before bond holders?
  • Shooting in the dark: why is reporting so weak in the bond market?
  • Bond market legal agreements are prejudicial to investors: how did we get here?
  • The JSE: it’s time to raise the bar
  • Recommended changes to the JSE’s listing requirements

Olga Constantatos, Head of Credit and Equity, Futuregrowth Asset Management

13:00

PRESENTATION: The role of Artificial Intelligence as an investment strategy : Machines vs. Humanity

  • How Al is changing the investment world in South Africa
  • How do Fund managers change the way they do research and the way they are actually trading
  • What are the implications for prospective investors moving forward?
  • Will machines replace asset managers? How AI and machine learning change the way people trade
  • Are robo-advisors really likely to make an impact?

Speaker to be confirmed

13:30

LUNCH AND NETWORKING

14:30

PRESENTATION: Preparing for high volatility- what needs to be done to minimise risk and implications for your portfolio

  • High volatility and what it means across investment markets?
  • If volatility increases, what does it imply for traders who use option strategies to protect themselves for bear markets?
  • Latest strategies and approaches by a leading investment firm

Speaker to be confirmed

15:10

PRESENTATION: Enhancements in portfolio measurement, attribution and investment manager appraisal

  • A full suite of appraisal ratios – How sharp is the Sharpe Ratio?
  • Multifactor models in performance appraisal
  • Measuring dynamic asset allocation skill
  • Fixed income performance attribution
  • Peer group perils

Rowan Williams-Short,  Head of Fixed Interest, Vunani Fund Manager

15:00

AFTERNOON BREAK AND NETWORKING

16:20

LIVE INTERVIEW ON STAGE: Corporate governance, personal accountability  and conduct risk -  building resilience in your organisation

  • Best practice of embedding a risk culture in a bank and an investment company
  • Latest developments and processes  to manage conduct risk
  • Accounting and financial statements: what have we learnt from the Steinhoff and VBS bank cases? Structural issues with auditing companies 
  • With a lack of trust in auditing firms and rating agencies: what alternatives are out there today?


Warren Young, Chief Risk Officer and Compliance Officer, Sanlam Investments
Asief Mohamed, Chief Investment Officer, Aeon Investment Management

16:50 KEYNOTE ADDRESS:   Daniel Mminele, Deputy Governor, South African Reserve Bank
17:30

CLOSING REMARKS. END OF DAY ONE

17:40

DRINKS RECEPTION

Day 2

08:30

REGISTRATION AND BREAKFAST

08:55

CHAIRMAN'S OPENING REMARKS

09:00

REGULATORY ADDRESS: Deposit insurance and bank resolution

Roy Havemann, Chief Director Financial Markets and Stability, National Treasury

09:40

PANEL DISCUSSION: Implementing Basel III in South Africa

  • How far are banks in SA and the rest of the world with the implementation of Basel III?
  • Main challenges and concerns
  • Is Basel IV in the pipeline?

Ahimsa Gounden, Head of Market Risk, Capital and Regulatory, Absa
Gareth Buchner, Head of Central Financial Resource Management, Rand Merchant Bank
Albertus Bekker, Executive Head , Group Market Risk Monitoring, Nedbank
Jan Brits, Head: Group Capital Management, Standard Bank Group

10:20

Morning break and opportunity to network

10:50

PRESENTATION: Artificial Intelligence and Big Data management – latest developments in South Africa

  • How to process data with AI and use it to your advantage
  • AI as another form of technical analysis?

Speaker to be confirmed

11:30

PANEL DISCUSSION: Investing in South Africa: challenges and implications on investment strategy and sovereign risk assessment

  • Is South Africa still a favourite investment destination? SA vs. the rest of Africa vs. other emerging markets : through the eyes of investors
  • Why are other countries growing faster and SA lagging behind? What makes other countries more attractive to investors? Has South Africa been treading water whilst other competitors actually steamed ahead?
  • What needs be done to get the prominence back?
  • “Land expropriation without compensation”- Political implications and ramifications of this policy. What direction is the government taking overall? What are the implications for nationalisation of banks?
  • Mechanics and experiences in the rest of the world. Implications for investment and impact on bond, property and equity markets in South Africa.
  • How can international investors translate this policy into investment strategy? 

 

Pieter van der Merwe,  Head of Credit Portfolio Management,  Absa Alternative Asset Management
Melville du Plessis, Portfolio Manager, Sanlam Investments
Chris Hart, CEO, Impact Investment Africa
Kubeshan Padayachy,Portfolio Manager, Stanlib Asset Management
Adrian Saville, CEO, Cannon Asset Managers
Further panelists to be confirmed

12:10

CHAIRMAN'S CLOSING REMARKS

12:20

LUNCH AND NETWORKING