Welcome and introduction by Luc Neuberg, President, ALRiM

Opening speech by H.E. Pierre Gramegna, Luxembourg Minister of Finance

Keynote by Marco Zwick, Director, CSSF

Volatile markets and the emergence of risks in the digital age

  • Setting the scene with examples in a “tour de table”
  • Forward-looking risk management: options and tools
  • The impact of new technology on investing: digital investing and AI
  • Using stress testing to enhance risk trend assessments
  • Portfolio risk
  • Dealing with political uncertainty

Coffee break

What drives risk management in other sectors of finance?

How are approaches to risk similar to, or different from, those in asset management?

  • Approaches to risk management and governance and risk management scope
  • Hot topics in other sectors of finance
  • Risk management trends outside of Europe
  • Cultural understandings of risk
  • Enterprise risk management vs financial risk management

Lunch break

Parallel workshops

Workshop 1: Managing portfolio risks in times of market volatility

  • Quantitative strategies
  • Liquidity issues and liability management
  • MMFR liquidity stress test
  • Active vs passive strategies
  • How ETFs deal with market volatility
  • “Bearish” risks

Workshop II: Changing requirements for risk management professionals in Luxembourg?

The impact of CSSF Circular 18/698 and other developments in asset management

  • The Luxembourg risk manager – generalist, expert or limit controller?
  • Does CSSF Circular 18/698 bring more responsibilities for risk managers/conducting officers for risk management?
  • New technologies – new types of risk?
  • Recruiting risk managers and other HR considerations

Workshop III: Real assets: managing risks for loan and infrastructure debt funds

  • The role of the risk manager in the investment process
  • Case studies on escalating risks
  • Life cycle considerations
  • Managing illiquid asset classes

Workshops are repeated

Coffee break

Regulatory developments

  • The European regulatory framework and the Luxembourg regulator: overview and outlook
  • ESMA consultation on sustainability
  • Liquidity and leverage

Closing drink