Moritz von Kunow, Bank of Communications (Luxembourg) S.A.

Moritz von Kunow

A German qualified lawyer, joining Luxembourg banking in in time for the financial crisis in 2007, he worked as legal and structuring counsel throughout numerous financial restructuring cases. After running down operations for his then employer in a legal and compliance role, he joined Bank of Communications, a Shanghai based banking group in 2015, to construct the compliance function, shape formal governance as corporate secretary and co-determine risk taking as member of the European Credit Committee. Two Luxembourg banking licenses and two EU Branches later, he co-ordinates Group wide compliance efforts for Europe and prepares the next branch opening.

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