08 September 2009
Capital Markets Chamber
Debate: This house believes that to win the 2011 investment race the back-office must start NOW!
Credit Suisse estimates that the European banking sector has €9 trillion of wholesale funding – 11% of which is in highly liquid assets. Even if regulators make a small change to liquidity and capital levels, the impact on the banks' return on equity could be huge. How do banks win? Simple, prove that they know their ‘single customer view' across millions of legal entities is correct and that their assets are so well understood that they are more liquid.
The fly in the ointment . Summer research reveals that the number one challenge faced by risk managers struggling to comply with the new G20 action plan is data management. The 'know your customer' and 'know your product' refrains heard from anti money laundering officers today should echo in credit, treasury, finance and boardrooms with new, granular and more urgent information requirements landing in 1 December. By upgrading their infrastructures, banks can obtain real business benefits and their boards can sleep easier ... but will they?
Come and learn what the market expects and what new regulations are demanding. Listen to front-office, back-office and research experts present their views and then decide for yourself:
- What is the impact on shareholder value, capital ratios and liquid asset buffers if the bank does not have a holistic view of its risks?
- How will the competitive landscape change as a result?
- What infrastructure capabilities does a bank need to 'do risk right'?
- What are the shareholders looking for and how will they identify banks that do 'good risk management'?
- What will this mean to the way banks manage information about their exposure over the next 5 years?