Canadian Risk Forum 2021

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Monday, November 1, 2021

1:00-1:10 PM ET

PRMIA and KPMG welcome to delegates and speakers.

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1:10-1:55 PM ET

For the past two years, we have witnessed the rise and the consequences of the COVID-19 pandemic. Suddenly, millions of workers had to work remotely, physical retailers had to close their doors to customers, consumers changed their way of buying, with direct impact on several industries, like retail, restaurant, real estate, etc…

Companies all around the world had to rethink their way of doing business, and adapt quickly to the new reality that has emerged from this crisis, changing customer behaviours and expectations, accelerating digital adoption etc. We have indeed seen that digital companies were the clear winners over more traditional ones.

This acceleration with the advent of new technologies (related in particular to Artificial Intelligence, Cloud computing, Internet of Things, the Blockchain, etc…) is a challenge for businesses on how fast and how far to go on the path to deliver cohesive digital-ready products and services. It is already well understood that “data is the new oil”, and this crisis has demonstrated how key is the importance of data and seminal to any digital transformation.

In this experts’ discussion, we will explore how new technologies, in particular but not limited to AI, and relevant data strategy are competitive advantages for digital adoption acceleration.

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2:00-2:55 PM ET

Responding with agility to big technological changes: 

A. Trend towards remote working: shifts have occurred during COVID in where and how employees work, employees are used to working remotely now and have experienced a rapid digital transformation at work. Panelists discuss how to collaborate with your ops/risk/data people with this in mind.
B. Cloud/SaaS trends AxiomSL have surveyed risk managers across the globe to find our what trends are impacting them the most, AxiomSL will share these findings and deep dive on  what FI's should know about these trends

Responding with agility to regulatory & risk changes: 

A. Timeline shifts: lots of changes were due to land related to regulatory reporting, but due to the pandemic, FI’s have had to move out the implementation of those changes. Panelists discuss how FI’s should be thinking about these changes now.
B. Update: Basel IV, AxiomSL will provide an update on what you should be thinking about to meet the deadlines and reqs.

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3:00-3:55 PM ET

Open banking describes a concept where consumers and businesses can give third-party providers access to their financial transaction data through secure channels. It comes with a clear benefit to consumers and businesses in that they can more easily access innovative financial services and products. However, open banking also imposes risks and challenges on financial institutions and its regulators. Drawing from experiences in other countries, two leading experts will discuss what implications open banking could have in Canada.

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3:55- 4:00 PM ET

Thank you for joining PRMIA and our PRMIA Canadian Chapters for Day 1 of our annual Canadian Risk Forum. We look forward to having your company again tomorrow beginning at 1:00 pm EDT for more informative sessions.

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Tuesday, November 2, 2021

1:00- 1:10 PM ET

PRMIA and EY welcome to delegates and speakers.
 

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1:10-1:55 PM ET

Unprecedented regulatory changes in Canada added to by additional challenges due to the global pandemic has given rise to a unique set of challenges and opportunities for financial services.  This moderated panel of financial services executives will discuss the multiple dimensions of how they addressed regulatory change and their organization’s pandemic response; lessons learned; and their view on the road ahead.

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2:00-2:55 PM ET

The urgency of the climate crisis and the materialization of extreme physical risk has brought climate change to the forefront for governments and investors. In the lead-up to COP26, more stringent regulations and new reporting requirements are being implemented, which directly impact financial market participants. In this session, we will explore how climate risk must be managed by asset owners, asset managers, banks, and insurance companies to meet their fiduciary duty, while also meeting the increasing stringent demands of the regulators.

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3:00-3:55 PM ET

Cyber Risk is one of the most difficult exposures for enterprises to quantify and forecast. Recent years have seen cyber risk percolating from the intangible world to the real world with a large stakeholder base being affected, most visibly, Colonial Pipeline. Not even the savviest digital companies (Alibaba, Linkedin, Facebook) have managed to control this risk in a bulletproof way.

Millions of attacks happen every month. Most of these are undetected and potentially will manifest in the future. Kevin Brock is a renowned expert that was at the forefront of the fight against cyber criminals and will outline his key principles in managing this threat.

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3:55-4:00 PM ET

PRMIA and PRMIA Montreal (representing PRMIA Pan Canada) wish to thank our members, volunteers, participants and sponsors, KPMG, EY, AxiomSL and MSCI for supporting this year's 9th annual Canadian Risk Forum.

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