Risk Management Lessons Learned From the Recent U.S. Bank Run: What Could Happen Next?

This chapter meeting has passed.

Overview

Registration for this meeting is now closed.

The sudden collapse of U.S.-based Silicon Valley Bank in March led to additional regional bank failures and sent shockwaves through the financial world. While the EMEA region's major financial institutions were not directly impacted, the banking crisis prompted experts to explore second- and third-order consequences. This helped them draw valuable lessons to enhance our understanding of the financial system and risk management practices.

We are excited to bring together a distinguished panel featuring a credit researcher, a senior credit risk manager, and a portfolio risk and stress testing specialist for an insightful discussion about the banking crisis. Key questions they will address include:

What were the root causes of the crisis, including underlying factors that contributed to the bank run and systemic weaknesses that were exposed?
How did markets react to the event, and what are the implications for secondary impacts on various financial players?
What weaker links and idiosyncratic factors in European banking systems deserve closer attention?
What key factors should risk managers monitor in the macro environment, including the role of non-banking financial institutions (NBFIs)?
How can risk management in EMEA facilitate proactive measures to prevent a similar crisis?

Agenda:

6:00 - 6:30 PM: Registration

6:30 - 7:30 PM: Panel discussion with audience Q&A

7:30 - 8:30 PM: Networking reception. Drinks and canapes will be served.

Attendees qualify for 1 GARP CPD credit.

Details

September 28, 2023
6:00 PM - 8:30 PM

In-Person

17 America Square Crosswall, London, EC3N 2LB

Chapter Directors

Maurizio Garro
Model Risk Manager - Quantitative Research Lloyds Banking Group

Committee Members

Qingrui Meng
UK Legal Entity Risk Manager SVP – UK CRO Office Citigroup

Lan Luan
Manager Oliver Wyman

Svetlana Kardan
Senior Treasury Manager

Florent Grundeler
Head of Reporting Development and Solutions Lloyds Banking Group

Alpesh Jani
Program Lead Bailrigg

Carlos Balula
Counterparty Credit Risk Manager Nomura

Anna Millar
Audit Lloyds Banking Group

Stefano Grillini, PhD FRM

Stefano Grillini is a portfolio risk manager at Morgan Stanley's EMEA headquarters in London. He specializes in identifying, measuring, and analyzing aggregate portfolio risk for the MSI Group. Stefano's role involves collaborating with trading desks, quants, and risk managers to ensure accurate reporting and vulnerability assessment. His contributions extend to developing innovative cross-risk concentration measurement methods and stress testing scenarios, showcasing his expertise in quantitative finance.

Stefano holds a Ph.D. in Financial Economics from the University of Bradford, where he was a Lecturer in Finance for four years. Stefano has been published in numerous international academic journals and has done research in asset pricing, liquidity risk, financial contagion, and equity markets. Stefano also serves as a visiting professor at the University of Huddersfield Business School.

Corinne Cunningham

Corinne Cunningham leads the Credit Research team at Autonomous – a specialist research firm focused purely on the financial sector. Prior to joining Autonomous at its launch in 2009, Corinne headed the fixed income research team at RBS. Before that she led a team of insurance analysts at Standard & Poor's.

Corinne began her career in branch banking at NatWest on a graduate program. She specialized on credit and the financial sector. Corinne has a first-class honours degree from the Guildhall University and holds the ACIB banking qualification.

Viktor Tsekov, FRM

Viktor Tsekov is a senior counterparty risk underwriting specialist for NBFIs at Wells Fargo. Prior to this he spent over nine years in various credit and counterparty roles including stress testing, portfolio management, and credit coverage at Morgan Stanley and Barclays. Viktor started his professional career in finance in 2010 at the CIB department of Société Générale.

Viktor has a double bachelor’s in Business Administration and Computer Science from the American University in Bulgaria and a Master’s in Banking and Financial Management from the University of Liechtenstein. He obtained his FRM Certification in 2018 and more recently earned a certificate in Data Science and Machine Learning from the Massachusetts Institute of Technology.

Chapter Meeting

London, UK