Olivier Carré, PwC Luxembourg

Olivier Carré Olivier Carré is a partner in our Luxembourg office (Regulatory and Compliance Advisory Services Department) Within his professional career over the past 15 years as advisor and auditor in Big Four firms, Olivier developed a thorough knowledge of the Investment Fund and Banking industries. In particular, in the domain of regulatory rule-sets interpretation and implementation. Olivier is leading the MiFID II working group of PwC Luxembourg composed of business, legal and tax experts focusing on the operational, business and revenue impacts of the new requirements for the Financial Services industry. Olivier holds a Master’s degree in Finance and Tax Law and a Master’s degree in Management and Economics Sciences, both from the HEC-ULg Business School in Liège, Belgium. He is a member of the “Ordre des Experts Comptables” (Association of Chartered Accounts) and co-chairs the ALFI risk management committee. Certifications - Master degree in Finance and Tax Law - Master degree in Management and Economics Sciences Languages - German (native) - French (fluent) - English (fluent) - Dutch (good) - Luxembourgish (good)

Agenda

09.45 - 09.50

Chairperson's introduction


09.50 - 10.45

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

11.15 - 12.05

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

12.05 - 12.10

Chairperson's closing remarks


13.30 - 14.15

Breakout Session I: “Managing portfolio risks in times of market volatility” (session repeated at 14.15 - 15.00)

  • Managing the liquidity problem (Liquidity management in volatile times; Money Market Funds – Liquidity stress tests after the MMFR)
  • Stress testing to support management of portfolio risks
  • Risks during the end of the economic cycle (from bull to bear)
  • Qualitative risk management (i.e., impacts from political/legal/regulatory risks on the portfolio)

13.30 - 14.15

Workshop II: Changing requirements for risk management professionals in Luxembourg? (session repeated at 14.15 - 15.00)

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

13.30 - 14.15

Workshop III: Real assets: managing risks for loan and infrastructure debt funds (session repeated at 14.15 - 15.00)

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

15.30 - 16.15

Regulatory developments

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

Also speaking at