Thanks to the many FIA, Inc. memebers who attended our Operational Resilience Forum in London today. In anticipation of the 2025 implementation of the UK’s ops resilience guidance and the EU’s DORA regulation, today’s discussion was a relevant and timely one. A special thanks to the Bank of England’s Sasha Mills for a thoughtful fireside chat on this important topic. I also want to thank Linklaters for hosting today’s forum and giving our members an overview of what’s ahead. FIA’s mission is about promoting the safety and integrity of our markets and today was a step in that direction.
Walt Lukken’s Post
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Operational resilience is top of mind as DORA looms. Looking forward to a webinar from Linklaters this Thursday as FIA, Inc. CEO Walt Lukken interviews Sasha Mills from the Bank of England. Should be very interesting! #resilience #operationalresilience #DORA
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Board Chair | Non Executive Director | Global Governance & Risk Executive | Leadership Enthusiast
Rising risk, volatility and uncertainty are on the horizon. Swiss Re partners with clients beyond just traditional risk transfer. Learn about the upcoming Singapore International #Reinsurance Conference (#SIRC) and explore how we're #PartneringforProgress! 👉 http://ow.ly/nX0v104Y8Wl
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Manager | Head | Energy | Engineering | Construction | Property | Insurance | Gerente | Ingeniería | Seguro |
Rising risk, volatility and uncertainty are on the horizon. Swiss Re partners with clients beyond just traditional risk transfer. Learn about the upcoming Singapore International #Reinsurance Conference (#SIRC) and explore how we're #PartneringforProgress! 👉 http://ow.ly/nX0v104Y8Wl
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I am honored to have been selected as a member of the Consultative Working Group (CWG) of the Risk Standing Committee Financial Stability and Risk Working Group (RSC FRWG) at the European Securities and Markets Authority (ESMA), the supra-national supervisor of European financial markets. The working group will focus on risk monitoring, analysis, indicators, financial stability, and orderly markets #riskmonitoring, #financialstability, #orderlymarkets
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On 27 October 2023, the Cayman Islands was removed from the Financial Action Task Force’s (FATF) ‘grey list’. In his article, Niall Gallagher, Managing Director, Citco Trustees (Cayman) Limited, examines the changes implemented by the jurisdiction as part of its commitment to aligning regulatory compliance to global standards, and outlines the most immediate and notable impact for Cayman-domiciled entities. Read more here: https://bit.ly/40wATsr #CaymanIslands #FATF #TheCitcoWay
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How best should clearing houses (CCPs) manage liquidity risks in a high-rate environment? Earlier today, Ivan Han, our ED, Deputy Chief Risk Officer, shared his insights with FIA Asia's delegates on how to prepare for market stress and anticipate unprecedented scenarios. Ivan emphasised the importance of being vigilant, creative, and proactive in risk management. Here are some of his key takeaways: 🖊️ The higher-for-longer rates environment has affected the costs and access to capital. This can worsen in times of crisis and there is a “dash for cash”. The flexibility for participants to post a wide range of collateral has helped. SGX Group for example accepts six different currencies and securities from five countries. At the same time, close monitoring of liquidity risks in times of stress becomes even more crucial. 🖊️ We need to challenge the conventional market wisdom and plan for stress scenarios that may seem unlikely but are possible in today’s world. We need to be ready to respond to any situation that may arise as pointed out by Ivan, "What used to be extreme and implausible in the past three years seems less so now." FIA, Inc. | #SGXGroup #AsiaSimplified #FIAConference #FIAAsia #Derivatives #ClearingHouses #Liquidity #Risks #Trading #Markets #MultipleGrowthAvenues #GlobalRelevance #OneTrustedEcosystem
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Are you ready to turn compliance into your competitive edge? Join our webinar with industry leaders from RBC Brewin Dolphin, Bitsight and UK Finance this June 12th at 14:00 BST. We’ll explore cutting-edge strategies to harness regulations for business growth. Register Now and get ready to transform your approach to regulatory challenges. https://ow.ly/jjnA50RFinj #NIS2 #StrategicCompliance
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It was a pleasure to present and share Company Watch's thoughts on ‘Insights into Financial Risk for 2024’ at today's Chartered Institute of Credit Management Technical Committee in London alongside other speakers Rob Thompson FCICM and Michelle Wall. Many thanks to Glen Bullivant, Nicola Harris and Hays for hosting the event with some great discussion and knowledge sharing. #financialrisk, #creditrisk, #cicm, #ECCT
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Oxford Risk's Head of Behavioural Finance, Dr Greg B Davies joins Aviva's upcoming CPD webinar for wealth managers and advisers to help clients overcome the emotional barriers to investing. Register now to join live on Wednesday 11th October at 10.00am BST - https://lnkd.in/eDftQqbc #WealthManagement #BehaviouralFinance #BeFi #FinancialPlanning #FinancialAdvice
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Oxford Risk's Head of Behavioural Finance, Dr Greg B Davies joins Aviva's upcoming CPD webinar for wealth managers and advisers to help clients overcome the emotional barriers to investing. Register now to join live this Wednesday 11th October at 10.00am BST - https://lnkd.in/eN4NmXRA #WealthManagement #BehaviouralFinance #BeFi #FinancialPlanning #FinancialAdvice
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BornTec
2moThank you for hosting @Walk Lukken. It was a very good bite sized insight into the impacts DORA will have across the financial sector and technology providers such as ourselves.