GARP Climate Risk Symposium 2020

Sarah is the Executive Director for Financial Stability Strategy and Risk and a member of the Financial Policy Committee (FPC). The FPC is the United Kingdom’s ‘macroprudential’ authority. It is tasked by Parliament with guarding against the financial system damaging the wider economy. Sarah is responsible for the Bank of England’s work to deliver that objective.Sarah also leads the Bank of England’s work on climate change domestically and internationally a role she has held since 2016. This has included being Chair of the macrofinancial workstream of the international central bank and supervisors’ Network for Greening the Financial System (NGFS).Prior to her current role Sarah was the Executive Director for UK Deposit Takers Supervision responsible for the supervision of the UK’s banks building societies and credit unions. Before that she was Executive Director for International Banks Supervision where having joined the directorate in 2015 she was responsible for supervision of the UK operations of international banks.Before moving into supervision Sarah was a Director in the Bank's Financial Stability Strategy and Risk Directorate where she focused on developing the UK’s macroprudential policy making framework and supporting the Financial Policy Committee. Previously she was head of the division that assessed risks to financial stability from financial markets the non-bank financial sector and the real economy.Sarah led the Bank’s work to support the transition of prudential regulation of banks and insurers from the Financial Services Authority to the Bank.Prior to that she was head of the Bank’s Risk Management Division and head of Special Projects in the Markets Directorate leading the design and risk management of financial market operations undertaken by the Bank including those launched during the financial crisis.

Nigel has been a partner at Clyde & Co since 1985 and heads the firm's reinsurance team. An international insurance and reinsurance disputes specialist with over 30 years' experience Nigel is considered by many to be one of the top insurance lawyers worldwide.He leads Clyde & Co’s Resilience and Climate Change Risk practice. He edited Clyde & Co's 2018/19 series of reports on the rising tide of Climate Change liability and duties of care and frequently writes and speaks on this topic. He is also actively involved in Insurance Development Forum a public/private partnership seeking to optimize and extend the use of insurance and the industry's risk management capabilities to protect those most vulnerable to disasters. He edited two IDF papers on ways in which technology can help to bridge the protection gap. 

Rowan Douglas CBE is the Head of Climate and Resilience Hub at Willis Towers Watson a global advisory company. He has held appointments within the UN and other international organizations and was made a Commander of the Order of the British Empire (CBE) in 2016 for services to the economy. In 2013–15 he led the creation of the Insurance Development Forum of industry and governments to harness the role of re/insurance capabilities to meet the sustainable development goals (SDGs). He is a member of the Council for Science & Technology and the Royal Society’s Working Group on Resilience to Climate Risk and Extreme Weather.

Nasreen Kasenally is a Group Managing Director and the Chief Risk Officer of UBS Asset Management (AM) and Chief Risk Officer of UBS Group EMEA region. She is responsible for Investment Market Liquidity and Counterparty risks across Active/Passive Funds Multi-Asset Hedge Funds Real Estate Private Equity and Infrastructure Fund businesses.

Nasreen is also the Chairman of the International Expert Advisory Committee (IEAC) of the Insurance Asset Management Association of China and is a Board Member of UBS Asset Management AG.

She is a senior risk professional with over 20 years of experience on both the Investment Bank side (sell side) and Asset Management (buy side) and worked in New York and London. In 2015 she was the UBS Group Head of Market Risk covering all asset classes (Equities Credit FX and Rates) and for the non-core portfolio. She has also previously worked in Wealth Management Americas in the U.S. in 2003 as senior Market Risk Officer covering municipal trading and taxable fixed Income.

She has a Masters in Mathematical Trading & Finance from Cass Business School and a Bachelor degree in Actuarial Science from University of Kent.

As President of GRI Jo Paisley helps lead thought leadership for GARP and the broader risk community. Paisley’s career began at the Bank of England where she worked in various economist roles ran the Statistics Division and spent the last part of her career in Supervision culminating as a director of the Supervisory Risk Specialist Division. She was heavily involved in the design and execution of the UK’s first concurrent stress test. In 2015 Paisley joined HSBC as Global Head of Stress Testing. She has also been an independent stress testing consultant. She studied philosophy politics and economics at Magdalen College Oxford completing her master’s in economics at Nuffield College Oxford.

Kevin J. Stiroh is Executive Vice President of the Federal Reserve Bank of New York and head of the Supervision Group which is responsible for supervising financial institutions in the Second District of the Federal Reserve System.  Mr. Stiroh is currently a member of the Bank’s Executive Committee a member of the Federal Reserve’s Supervision Committee and Large Institution Supervision Coordinating Committee (LISCC) co-lead of the Basel Committee’s Task Force on Climate-Related Financial Risks and chair of the Senior Supervisors Group. Mr. Stiroh joined the Bank in March 1999 as an economist in the Research and Statistics Group and has held a range of positions in the Research and Statistics Supervision Markets and Integrated Policy Analysis groups.  Mr. Stiroh played a leadership role in the development and execution of supervisory stress testing progams including the Supervisory Capital Assessment Program (SCAP) and the Comprehensive Capital Analysis and Review (CCAR); led work related to financial institution analysis market monitoring financial stability and the discount window; and participated in international working groups on macroprudential supervision collateral usage and the reform of reference interest rates.  Mr. Stiroh became head of the Supervision Group in October 2015. Mr. Stiroh's academic research includes work on productivity and the sources of economic growth the economic impact of information technology and the efficiency and behavior of financial institutions. This research has been published in the American Economic Review Brookings Papers on Economic Activity Journal of Banking and Finance Journal of Economic Perspectives Journal of Money Credit and Banking Review of Economics and Statistics and other academic and business publications. Mr. Stiroh holds a bachelor’s degree from Swarthmore College in Economics and Psychology and an M.A. and Ph.D. from Harvard University in Economics. 

Arthur Yuen is in charge of the full range of banking policy supervision conduct and enforcement issues at HKMA. He joined the HKMA in 1996 as head of administration and has since taken up different responsibilities including research and liaison on China economic and market development issues. Arthur was appointed head of banking supervision in 2000 and took up the position as executive director (banking development) in July 2004 executive director (banking supervision) in June 2005 and executive director (external) in July 2008. He was appointed to his present position on January 1 2010.