Dr. Christian Engelen, EU Commission

Dr. Christian Engelen

Christian Engelen works for the Directorate-General Economic and Financial Affairs (DG ECFIN) of the European Commission in Brussels. He is Deputy Head of the Unit dealing inter alia with topics related to the European framework for financial crisis management, including stability mechanisms such as the European Stability Mechanism (ESM), and the institutional framework of monetary policy. Prior to working in DG ECFIN, he was dealing with macro-prudential policies as well as financial supervision and regulation in Directorate-General Financial Stability, Financial Services and Capital Markets Union (DG FISMA). He has worked for more than six years in the financial stability department of Deutsche Bundesbank in Frankfurt before joining the Commission on topics related to global financial stability and international monetary policy discussions. Christian Engelen holds a PhD in Economics from University of Passau, a LL.M. in Finance from the Institute for Law and Finance (ILF) at Goethe-University Frankfurt and is a CFA Charterholder.

Agenda

agenda
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
  • Stefanie Ott

    Stefanie Ott Head Group Operational Risk Management & Risk Governance Swiss Re.

  • Moritz von Kunow

    Moritz von Kunow Chief Compliance Officer Bank of Communications (Luxembourg) S.A.

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
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