In response to the financial crisis and against a backdrop of ever decreasing interest rates, financial institutions have been swamped by an array of new regulations in the past decade. This has had a profound impact on the sector, driving strengthened capital levels, increased attention to liquidity and stress testing and heavily scrutinised internal models, among other changes. The impact of these regulations, however, may pale in comparison to the impact of current technological and regulatory developments. Due to these developments, the financial services industry is faced with plenty of challenges, but they can also offer new opportunities.
For a start, the playing field is bound to change. The introduction of PSD2 is supporting FinTech companies, and BigTech companies like Facebook and Apple are entering the classical domain of banks by offering payment services. Financial institutions need to adapt to these new competitors. Next to that, the rise of Machine Learning and Artificial Intelligence may soon accelerate at unprecedented pace with Google’s recent breakthrough in quantum computing. Apart from all the opportunities this will offer, it will also intensify the need for strong model risk management, especially where black-box type of models are used. It will be interesting to see how regulators will respond to these developments to foster financial stability.
Join the Zanders Risk Management Seminar and discuss how to best prepare for the developments that will shape the financial services industry for the years to come.
January 23, 2020 – Pathé Tuschinski Amsterdam – 13:30 – 18:30h
Joe Katz is the Chief Risk Officer of ING Bank in the Netherlands. He is tasked with managing the Dutch risk organisation and the risk appetite of the retail business. He has over 20 years of experience in commercial and risk management roles at ING. Joe has a fantastic wife and two inspiring children.
Lex Hoogduin is Professor Economics of Complexity and Uncertainty in Financial Markets and Financial Institutions, at the University of Groningen and founder of the Global Complexity Network. He is also an independent executive director of LCH Group, chairman of the boards of LCH's London and Paris based subsidiaries.
Ionica Smeets is science journalist, a mathematician and a Professor of Science Communication at Leiden University. She builds bridges between science experts and the general audience. Ionica believes that the world is better understood with a greater knowledge of math and she makes people look at numbers in a different way.
Gunter Lemmen studied Business Economics at Maastricht University. After various roles at financial institutions in the Netherlands and Australia, he worked for Reaal as Information Manager. Since 2016 he is Data Manager at VIVAT, responsible for data policy, data governance and its implementation. He completed the JADS Data Expert program.
Jan Berndsen studied Financial Economics at VU Amsterdam. Since April 2019 he is Head of the Insurance & Pension Supervision division at the Dutch Authority for the Financial Markets (AFM). Before this, Jan worked for more than 21 years in various positions at De Nederlandsche Bank (DNB).
Martijn Habing studied Algebraic Geometry at Utrecht University. He joined ABN AMRO in 2001 and he worked for IT, Operational Risk and Model Validation. After three years at SNS Bank and VIVAT, he re-joined ABN AMRO to become the Head of Model Risk Management. His department is responsible for the risk management of all models used in the bank.
The Zanders Risk Management Seminar is a free event. It is open to employees of financial institutions involved in risk management.
If you would like to attend this event, please register below.
Zanders reserves the right to decline a registration made by any person not part of the target audience.
Risk Management Seminar
1017 CN Amsterdam