GARP European Financial Risk Symposium 2026

Executive Director for Prudential Policy, Bank of England

David Bailey is Executive Director for Prudential Policy, responsible for the development, negotiation and implementation of prudential policy that supports the Prudential Regulation Authority (PRA)'s objectives and broader financial stability. David also represents the PRA on the Basel Committee for Banking Supervision.

David joined the Bank of England in 2014 as Director of Financial Market Infrastructure and has held roles as Executive Director of Authorisations, RegTech and International Supervision, and Executive Director of Financial Markets Infrastructure. His most recent role was Executive Director of UK Deposit Takers Supervision which he held under February 2024.

Prior to working at the Bank, David was Head of Markets Infrastructure and Policy at the Financial Conduct Authority (FCA) and at its predecessor, the Financial Services Authority (FSA).

He graduated from Durham University and began his career at J.P. Morgan.

Director, Prudential Policy, PRA

Phil is a Director in the Prudential Policy Directorate (PPD) at the Bank of England, where he oversees the Banking Capital Policy and Prudential Framework Divisions. In this role, he is responsible for ensuring banks and building societies maintain sufficient capital and liquidity to absorb risk-related losses, including shaping the UK's approach to Basel frameworks, implementing Basel rules domestically, and calibrating the PRA's Strong and Simple framework for small non-systemic institutions. He also leads the Directorate's overall strategy and policymaking approach, with a focus on agility and flexibility in the UK's post-EU regulatory environment — spanning the Future Regulatory Framework, competition and cost-benefit analysis, and international strategy and equivalence coordination.

From September 2016, Phil led the Bank's dedicated EU withdrawal coordination unit, providing Governors with analysis to support the UK government's exit preparations, including contingency planning for the financial sector, macroeconomic impact assessment, and cross-Bank information coordination.

Prior to his current role, Phil served as Director of the International Directorate (2014–2016), overseeing analysis of global economic and financial system developments in support of the Bank's policy objectives and international engagement. He previously held a secondment at the European Commission (from August 2012) as Advisor to the Director of the Financial Stability Directorate. Since joining the Bank of England in 1996, Phil has built a broad career spanning monetary policy, financial stability, and senior advisory roles, including serving as Private Secretary to Lord King and Sir Charles Bean.

CEO, AFME

Adam Farkas is the Chief Executive Officer of AFME. He joined the Association in February 2020 and is responsible for shaping its overall strategy. Adam was also appointed Chief Executive Officer of the Global Financial Markets Association (GFMA) in March 2022, coordinating industry views on key global regulatory issues. Adam also sits on the Board of TheCityUK, an industry-led body representing UK-based financial and related professional services.

Before joining AFME, Adam was the Executive Director of the European Banking Authority (EBA) from April 2011 until the end of January 2020 where he managed the organisation’s daily operations and led the implementation of its regulatory work programme. Between 2011 and 2019, he represented the EBA on the Basel Committee on Banking Supervision. Prior to joining the EBA, he acted as the Executive Chairman of the Hungarian Financial Supervisory Authority from 2009 to 2010 where he spearheaded the Authority’s response to the financial crisis. His other previous positions include CEO for Allianz Bank from 2006 until 2009 and co-CEO of CIB Bank (Intesa Sanpaolo Group) between 2002 and 2005. Between 1997 and 2001, he was Managing Director and Member of the Board at the National Bank of Hungary. Adam started his career as an Assistant Professor at the Budapest University of Economic Sciences (subsequently renamed Corvinus University of Budapest). He was also a consultant to various financial institutions in Budapest and London, including the European Bank for Reconstruction and Development (EBRD) between 1991-1997. Adam holds a doctorate degree in Finance from the Budapest University of Economic Sciences, and a Master’s in computer-based simulation and modelling from Sunderland University in the UK.

Managing Director, Market Risk, JP Morgan

Senior Advisor, Prudential Policy, Bank of England

Derek is a Senior Advisor in the Prudential Policy Directorate of the Bank of England. He represents the Prudential Regulation Authority on the Basel Committee on Banking Supervision’s (BCBS) Policy and Standards Group, and he chaired the BCBS Market Risk Group between 2016 and 2022 - the period during which it finalised the FRTB and the related CVA risk standards. Derek joined the UK Financial Services Authority (FSA) in 2010, transitioning to the PRA when it was formed, and has held a range of roles across Prudential Policy and Supervision. Prior to joining the FSA, he spent a decade working in consulting for a variety of organisations, supporting financial sector clients on valuation and risk management projects. He holds an MSc in Mathematics from Warwick University and started his career by training as a Chartered Accountant at Deloitte.

FRTB Program Director, Société Générale

Jesus is the Program Director of FRTB at Société Générale. He has over 20 years of experience in Risk Management across capital market activities at major European banks and consulting firms in Spain, Germany and France. During his career he has held diverse roles, including Risk Manager of Market and Counterparty risks, as well as SME and Program Manager, overseeing the implementation of significant Market and Counterparty risk regulations. He holds a bachelor's degree in Economics from Universidad Autonoma de Madrid, and is an FRM and SCR certificate holder. He is also the co-director for the GARP Paris Chapter.

Head of Capital, International Swaps and Derivatives Association (ISDA)

Panayiotis Dionysopoulos joined ISDA in March 2014, working to advance ISDA’s aims and objectives relating to risk and capital issues. Panayiotis is heading the Capital team at ISDA and the work involves producing industry position papers covering key topics in derivatives, public policy and financial regulation with the support of quantitative impact analysis. The Capital Department is closely involved in the global implementation of all aspects of Basel III, Sustainable Finance and Digital Assets particularly focusing on regulation pertinent to the trading book.

Before joining ISDA, Panayiotis was Treasury Manager at RBS specialising in capital management and Basel III implementation. He also worked in Product Control at ABN AMRO where he started his career. 

Panayiotis holds a MSc in Accounting & Control from Rotterdam School of Management (RSM) and is a Chartered Financial Analyst (CFA). Recently he received the INSEAD Executive Certificate in Global Management.

Head of Prudential Policy and AML, Government & Public Affairs, Deutsche Bank

Since 2017, Orestis has been with Deutsche Bank in London, where he currently serves as Head of Prudential Policy within the bank’s Government and Public Affairs division. In this role, he engages with policymakers and regulators at the global, EU, and national levels on a range of current and emerging policy issues. His areas of focus include Basel III, securitisation, non-bank financial intermediation, and the global competitiveness of the banking sector.

Orestis holds a background in international and EU politics, having studied in Greece, Germany, and at the College of Europe in Bruges. He brings 15 years of professional experience in financial services and regulation, having previously worked at the European Commission in Brussels and the European Banking Authority in London.

Global Head of Engagement and Outreach, GARP Benchmarking Initiative (GBI)

Katherine Wolicki is the Global Head of Engagement and Outreach for GARP Benchmarking Initiative (GBI). GBI plays a key role in supporting evidence-based policymaking through the provision of industry benchmarking studies. Prior to this she was with HSBC for 12 years where she led the Global Financial and Model Risk Regulatory Policy and Engagement team for Risk. The team was responsible for the external regulatory interface for the Traded Risk, Treasury Risk Management and Global Risk Analytics function. This included the provision of guidance on regulatory risk matters, regulatory policy interpretation and industry engagement.  Prior to this she was based in Brussels as a Public Affairs consultant specialising in financial services regulation. Katie has an MA in International Economic Relations from American University and a Maîtrise in European and International Law from the University of La Reunion. She is a fluent French speaker and an avid hiker and mountaineer.  

Managing Director, Senior Digital Asset Risk Officer, State Street

Prab Bajwa is Managing Director and Senior Digital Asset Risk Officer at State Street, where he leads enterprise risk oversight for digital assets and emerging technologies. He brings nearly two decades of financial services experience across HSBC, B1, and BNP Paribas, with a career spanning global markets risk, enterprise risk management, and investment banking control functions across London and Hong Kong.

Managing Director, EMEA Head of Legal and Compliance, Galaxy Digital

Chris is a senior Compliance, Risk and Financial Crime executive with 15+ years’ experience driving complex change in large financial institutions under intense regulatory scrutiny. He has a proven track record of designing and implementing frameworks that have reshaped global financial crime, conduct and risk management practices across 90+ jurisdictions. Former MD and Global Head at Citigroup and current EMEA Head of Legal & Compliance at Galaxy Digital. Recognised for delivering transformation and owning frameworks in areas of novel risk, regulatory sensitivity, and institutional complexity.