Programme 2010

Risk&Return Russia 2010

8.00 Registration and Coffee

9.00 Chairman’s opening remarks
Nat Knight, Publisher, Risk & Structured Products Magazines

9.10 Snap-shot presentations: Market perspective on financial and economic situation in Russia

• Risk management during the economic downturn. Present state and future development of the asset management market.
• The role of Board of Directors in risk management
• Anti-crisis measures in Russia: managed risks and emerging risks

• Current challenges in the Russian financial market

Dmitry Aleksandrov, President, NATIONAL LEAGUE OF ASSET MANAGERS
Anatoly Gavrilenko, Chairman of the Board, ALOR INVEST
Yury Danilov, Еxpert FFMS, General Director, CENTRE OF FUND MARKET DEVELOPMENT
Andrey Nechaev, President, BANK RUSSIAN FINANCIAL CORPORATION, Former MInister of Economy of Russia

10.10 NPF Round Table: Risk management and investment strategies for pension funds

Pension system modernization and risks associated with it
Generating reasonable returns while securing the pension reserves
Specific features of investment strategies in Russian non-state pension funds during the recession
Choice of asset management company
Guaranteed return – pro and cons. New products for NPF
Changing of risk attitude due to new realities in fund market

Moderator: Ivan Zargaryan, Head of the Training Centre, NATIONAL ASSOCIATION OF PENSION FUNDS

Aleksander Pugach, General Director, URALSIB ASSET MANAGEMENT

Aleksander Baranov, Head of Risk Management, NPF BLAGOSOSTOJANIE

Olga Bulantseva, Executive Director, NPF PROMAGROFOND

11.00 Morning break and an opportunity to network

STREAM ONE:
Financial Risk Management – lessons to be learned

STREAM TWO:
Investment market development and potential of derivatives instruments

11.30 Chairman’s
opening remarks

Boris Lipiainen, Global Head of Product and Development, THOMSON REUTERS

11.30 Chairman’s
opening remarks

Nat Knight, Publisher, Risk & Structured Products Magazines

Industry standard and cutting edge models for pricing and computing Monte Carlo Value-at-Risk and counterparty credit risk across all asset classes and instrument types

Serguei Issakov, Senior Vice President of Quantitative Research and Development, NUMERIX

SP Round Table: Specific features in using structured products in the Russian market

Selling foreign securities to Russian investors
Legal hurdles in structuring notes in Russia
How to buy structured notes of foreign banks?
Changing appetite of Russian investors to risk issues
Importance of risk profile of SP emitters
Structuring notes in global banks considering the specifics of the Russian market
Transparency
Investor education

Aleksey Moshkovich, Chairman, RUSSIAN INVESTMENT CLUB
Christoph Portmann, Partner & Member of the Executive Board, LAKESHORE INTERNATIONAL MANAGEMENT INC
Pavel Berezhnoy, Director, Strategist, Private Banking
TROIKA DIALOG GROUP
Olga Shishlyannikova, Expert, FEDERAL FINANCIAL MARKETS SERVICE

12.10 Risks in managing insurance reserves in the current economic situation

Experience of investment strategy correction in times of economic downturn
Risks associated with investing in derivatives market
New products for insurance companies

Ulyana Sedneva, Head of Risk Management and Compliance, ALLIANZ-ROSNO AМ

12.10 Structured products in private wealth management

Risks and chances with structure products
Different investment solutions with structure products
Portfolio structures with derivative instruments

Christoph Portmann, Partner & Member of the Executive Board, LAKESHORE INTERNATIONAL MANAGEMENT INC

12.40

Systematic approach to credit risk management
• Tools for credit risk assessment
• Internal Rating Based Approach – technologies, calibration, verification
• Credit risk complex analysis
Mikhail Pomazanov, Deputy Head of Credit Risk Management Department, BANK ZENIT

12.40 The global growth of exchange traded funds (ETFs)

Description of ETFs
How ETFs are used
Growth of emerging market ETFs
Russian investors and ETFs

Reid Steadman, Global Head of ETF Licensing, S&P INDEX SERVICES

13.20 Lunch

14.20 CRO Round Table: Professional engagement and interaction between risk management, business and regulations for the most effective managing risk systems

Risk management approach to the most effective regulatory strategy for reducing risk in small/medium/large business
Increasing attention to rating systems and ways to assess creditworthiness of financial institutions (internal and external systems)
Main risk factors that caused a number of defaults in the Russian financial institutions during the credit crunch

Moderator: Boris Lipiainen, Global Head of Product and Development, Thomson Reuters

Mikhail Pomazanov, Deputy Head of Credit Risk Management Department, BANK ZENIT
Marina Atavadzhieva, Head of Risk management department, ATON MANAGEMENT
Philip Halperin, CRO, ALFA BANK

Ulyana Sedneva, Head of Risk Management and Compliance, ALLIANZ-ROSNO AМ

15.00 Enterprise risk management in the next 2-3 years

Compliance is not risk management
Liquidity and operational risk
Cross-factor risk simulation
Understanding complexity

Boris Lipiainen, Global Head of Product and Development, Thomson Reuters

15.40 Afternoon break and an opportunity to network

16.10 Thoughts on the path to Basel
• What is the shape of Basel implementation?
• Internal contradictions in the logic of Basel
• Moral hazard in Basel
• Illusion of technique
Philip Halperin, CRO, ALFA BANK

16.50 Asset Managers Round Table: Outlook of the future prospects for Russian investment market and the associated risks

Mutual funds - can their products be improved to the benefit of investors? What strategy to use to ensure return OF investment?
What issues are faced by the Russian investors when trying to invest outside of Russia? How can it be improved?
How international investors might be able to more easily access Russia?
The merits of active investing (picking stocks) versus passive investing (investing in indices)

Moderator: Alexander Golovtsov, Head of Analytical Research, URALSIB ASSET MANAGEMENT
Farid Yunusov, General Director, INGOSSTRACH INVESTMENTS
Vadim Vialshin, Deputy General Director, ALOR INVEST, Member of the Board of Directors, AGANA ASSET MANAGEMENT
Yury Reshetnikov, Head of Equity, RUSSIAN FINANCIAL CORPORATION

17.30 Chairman’s closing remarks.

Cocktail reception