Risk&Return Russia 2012 Programme

8.00	Registration and coffee
8.50	Chairman's opening remarks
9.00	Keynote: Changing global economy and international regulatory environment - what impact does it have on Russia's economic stability and development? Position of Russia within both the global and emerging markets Forecasts on inflation rates and ruble stability in Russia Dependency on oil prices European sovereign debt and its impact on Russian financial market Vadim Grishin, Executive Director for Russian Federation, WORLD BANK
9.40	Risk management techniques in Russian banks Risk ratios Capital adequacy Credit deals and reserves Oleg Ivanov, Vice President, ASSOCIATION OF REGIONAL BANKS, Member of the STATE DUMA
10.10	FFMS: Regulating the derivatives and collective investment market in the current economic climate What are the plans on implementing the OTC derivatives evaluation standards? Further development of central counterparty Would the remote membership be ever considered? When can we invest freely in foreign securities, not just those with correct CFI numbers When will they relax the qualified investor status, especially if the investments being made are into listed funds? Deputy Chairman, FFMS RUSSIA - speaker to be confirmed
10.40	*Morning coffee*
	Stream 1: Improving risk management function in your institution	Stream 2: Investment market potential and concerns
11.10	GUEST SPEAKER: Lessons from personal history: how to build an efficient risk management function The three lines of defense model: front office, risk management and risk control Building a usable and robust internal rating system Working with the finance department and the accountants Federico Galizia, CRO, Head of Risk Management and Monitoring, European Investment Fund	Managing your private portfolio in the volatile market: Capitalising on the growth of private wealth in Russia Family office vs private bank Risk perception of private clients Offshore vs onshore: what is the product competition Securing the assets against the market fluctuations Tail risk focus vs expected return Generating returns in falling markets Speaker to be confirmed
11.50	Tail wagging the world: systemic crisis, new regulation and the survival guide to the tail risk wilderness Tail risk and the global financial crisis How new regulation addresses systemic risk Dark nature of tail risk: dealing with unmeasured unpredicted "unknown unknowns" Building a Tail risk management framework "Heads" or "Tails" game in risk management Tail risk crisis mitigation Evgueni Ivantsov, Head of Portfolio Risk and Strategy, HSBC BANK (London)	Recovering derivatives market Volatility in the Russian stock market Using derivatives in mutual funds Hedging equity derivatives Long/short strategies Derivatives pricing models Russian ISDA in practice - legal expertise Hedging collective investments - what financial instruments should be used Problems of optimal hedging What should the stock exchange do to increasing liquidity What exotic instruments are likely to be introduced? Speaker to be confirmed
12.30	PANEL DISCUSSION: Corporate risk management system/p> Credit risks calculation Counterparty risk valuation Market risks and liquidity problems Hedging interest rate and FX risks Daria Shukhardina, Head of Risk Management Directorate, GAZPROM EXPORT Artem Kokosh, Head of Analysis, Financial Modelling and Insurance Department, INTER RAO UES Nikolay Zhukov, Deputy Head of Corporate Finance, Head of Division, RUSSIAN RAILWAYS
13.10	*Lunch*
14.10	RISK ROUND TABLE: Risk management culture evolution How does the changing global regulatory landscape influence RM culture in Russia Will we see a major shift in attitudes toward risk management? Prospects of implementing the new standards - Basel III Major concerns and key benefits of implementing Basel III The role of rating agencies - transparency and benefits from improving the quality of rating systems Moderator: Philip Halperin, CRO, ALFA BANK Alexey Sazonov, Head of Risk and Control, URALSIB BANK Alexey Miroshnichenko, Head of Risk, GAZPROMBANK Maxim Smirnov, Head of Risk, VTB CAPITAL	ASSET MANAGEMENT PANEL DISCUSSION: Impact of regulatory constrains on collective investment market Situation in the derivatives market and how to improve it Achieving greater transparency and control- how to improve financial reporting? Rating asset management companies New asset classes and risks associated - what work during the crisis? What instruments does the Russian market lack? How do we introduce them? What can we offer foreign investors? How can we attract big players to the market? What proposals of global financial experts are suitable for Russia? What do we need to do in RF to avoid future defaults? Sergey Khestanov, Managing Director, ALOR GROUP Andrey Gritsenko, General Director, KAPITAL AM Dmitry Retunskih, General Director, AGANA AM Olga Ambrozhevich, Deputy General Director, Head of Compliance, Legal Affairs and Risk Management, URALSIB AM
15:00	PANEL DISCUSSION: The role of risk management in managing the company Role of risk management in investment process? Counterparty risks - changing of the models How did the models change for liquidity evaluation? Hedging your risks Evaluation and cost management Interest rate risk - reducing interest rate volatility Modifying risk exposure Dmitry Michaylov, Head of Risk, ALFA CAPITAL Uliana Sedneva, Managing Director, Head of Risk, ALIANZ ROSNO Marina Atavadzhieva, Head of Risk, ATON
15.40	Afternoon Break
16.20	Risk management standards in non-state pension funds Andrey Zhuykov, Head of Investment Committee, NATIONAL ASSOCIATION OF PENSION FUNDS; General Director, REGION ASSET MANAGEMENT PENSION FUNDS PANEL: NPF investment strategy during the crisis period Investment goals and capital requirements Regulatory constrains and unintended consequences How to secure pension assets and provide return on investments? Challenges and development brought by new regulation What are the opportunities in the derivatives market for securing pension assets Hedge funds: how can NPFs use them Investing in foreign financial instruments: where is the market and what are the risks? Ivan Zargaryan, Head of Training Centre, NAPF; Chief Editor, PENSION REVIEW MAGAZINE Sergey Erlik, President, LUKOIL GARANT Sergey Brovchak, Risk Management and Insurance Department, HIGHER SCHOOL OF ECONOMICS Olga Bulantseva, Managing Director, NPF PROMAGROFOND
17.00	Closing remarks. Cocktail reception