Leading regulators and risk practitioners gather at Risk & Regulation Conference 2012
This year’s conference offered insightful discussions and debates addressing key risk and regulation issues including the implementation of Basel III, banks' stress-testing efforts, and the importance of identifying one's risk appetite and management May 10, 2012 | Tiah Wen LiThe annual Risk and Regulation Conference has become Asia’s most important annual conference between leading practitioners from a cross-section of banks and global regulators on a number of critical areas affecting the industry today. It offers an opportunity to interact with global and regional best practice leaders in the areas of market, credit, liquidity and operational risk. The conference serves as a platform for dialogue between regulators and practitioners across markets and geographies to gain a broader understanding of the different responses to current regulatory and market risk challenges. This year’s conference opened with a befitting discussion on the implications of Basel III on various financial institutions’ capital and risk management framework, perhaps the most pressing banking regulation issue to date. Elaine Wong, managing director at Moody’s Analytics brought up an interesting discovery in a survey conducted by Moody’s, where nearly half of the respondents did not think that Basel III rules will lead to financial stability. Dr. Muliaman Hadad, deputy governor of Bank Indonesia, stated that Asian banks will start to focus on Basel III in the second part of the year. He believes Asia’s modest stand in holding mostly common equity for capital has been a blessing in disguise as most banks will not have difficulty meeting capital requirements set by the Basel Committee of Banking Supervision (BCBS). Gilbert Kohnke, CRO of OCBC Bank stated that banks’ concerns include “the ability to remain competitive, and the ability to pass on increased costs that arise from carrying larger liquidity balances and higher capital levels.” The following session, ‘Capital stress testing under Basel III and the G-SIFI regime – How to ensure institutions are satisfying the new capital requirements’, was moderated by Mark Lawrence, managing director of Mark Lawrence Group. The first presentation by Colin Lawrence, director ... Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
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