Empowering Resilience through
Resolution Planning
About the symposium
“Hindsight is a wonderful thing but foresight is better, especially when it comes to saving life, or some pain.”
The words of the famous English poet, William Blake, hold no more truth especially during this time when financial institutions navigate through a landscape marked with challenges and uncertainties. The banking crisis in the US and Europe early this year revealed the importance of resilience as a strategic focus for financial institutions. While insurance failure experiences of recent years suggest that unexpected events are becoming increasingly widespread, the negative impact on the financial markets, the economy and society has hastened the development of resolution planning. Financial institutions which are more resilient are likely to weather challenges more effectively. With resilience, they could even potentially unlock or maximise value under times of stress or crisis.
The inaugural PIDM National Resolution Symposium 2023 will bring together experts and thought leaders in the area of resolution and crisis preparedness to discuss emerging issues facing the industry. From panel sessions to masterclasses and round-table discussions, the PIDM National Resolution Symposium 2023 will keep participants engaged in this important and relevant topic.
Rafiz Azuan Abdullah
Chief Executive Officer
Perbadanan Insurans Deposit Malaysia
Programme
8:30 – 9:00
Registration & Networking
9:00 – 9:20
Welcoming Remarks
Venue: Topaz Ballroom
Speakers
Mr. Rafiz Azuan Abdullah
Chief Executive Officer, Perbadanan Insurans Deposit Malaysia
9:20 – 9:45
Opening Address
Venue: Topaz Ballroom
Speakers
Datuk Jessica Chew Cheng Lian
Deputy Governor, Bank Negara Malaysia
9:45 – 10:10
Keynote Speech
Venue: Topaz Ballroom
Speakers
Ms. Eva Hüpkes
Secretary General, International Association of Deposit Insurers
10:10 – 10:15
Launch of “Resolution Case Studies Series: Lessons From Global Banking and Insurance Failures”
10:15 – 10:30
Coffee Break and Booth Visits
10:30 – 12:00
Panel Session 1
Sharing on Recent Global Banks Failure & Impact to the Region
Venue: Topaz Ballroom
History tends to repeat itself when the memory of the last crisis fades away. The 2023 banking turmoil in the US and Europe shows that failure could happen to any financial institution which sparks further confidence issues in other financial institutions, fuelled by news and noises in the social media. This panel session examines the causes of the recent bank failures and their impact on depositors, stakeholders, other financial institutions, the financial system, and the broader economy. How did the financial regulatory authorities respond to the situation and coordinate among themselves? What were the challenges faced and how were they addressed?
Speakers
Mr. Tyler Cavaness
Assistant Director, Division of Resolution and Receiverships, Federal Deposit Insurance Corporation
Ms. Eva Hüpkes
Secretary General, International Association of Deposit Insurers
Mr. Matthew O’Callaghan
Head of Asia Financial Services Practice, Freshfields Bruckhaus Deringer, Hong Kong
Moderator
Mr. Samy Harraz
Head of International Relations and Institutional Negotiations, Single Resolution Board
12:00 – 13:30
Lunch
Venue: Jasmine & Tulip
13:30 – 15:00
Panel Session 2
Importance & Benefits of Recovery and Resolution Planning
Venue: Topaz Ballroom
The former U.S. President Dwight D. Eisenhower once said, “In preparing for battle I have always found that plans are not always useful, but planning is indispensable”. These words continue to hold relevance today as we witness the recent failure of banks in the US and Europe which took place at an unprecedented scale and speed. To what extent does a financial institution “prepare to be prepared” under a fast-paced environmental landscape? Come and find out how recovery and resolution planning helps a financial institution achieve greater operational resilience not only during times of distress or crisis but also during good times.
Speakers
Ms. Afiza Abdullah
Executive Vice President, Resolution, Perbadanan Insurans Deposit Malaysia
Dr. Davide Crippa
Chief Risk Officer, Maybank Singapore
Ms. Tang Wai Ching
Managing Director, Head of Group Capital Management, CIMB Group
Mr. Paul Stephenson
Regional Head of Capital Management, Asset, Liability & Capital Management, Asia Pacific Finance, The Hong Kong and Shanghai Banking Corporation Limited
Moderator
Datuk Johan Idris
Managing Partner, KPMG in Malaysia
15:00 – 15:30
Coffee Break and Booth Visits
15:30 – 17:15
Closed Group Session (by invitation only)
Venue: Maple & Cypress
Regulators round-table (Banking)
End of Day 1
17:30 – 22:00
“Night at the Museum” – Symposium Dinner (by invitation only)
8:30 – 9:00
Registration & Networking
9:00 – 11:00
Parallel Masterclass Sessions
Bank Resolution – Facilitating Stressed Mergers & Acquisitions / Purchase & Assumption
Venue: Topaz Ballroom
Given their business models, financial institutions are complex entities. In this series of masterclasses, the experts will share their insights on how the different financial institutions may be resolved and transferred to a third-party acquirer, especially under times of stress, the considerations and challenges. A well-considered strategy brought by the resolution planning process could potentially help financial institutions unlock value even during business-as-usual through the financial institution’s enhanced governance, improved operational efficiency, and better risk management and monitoring.
Speakers
Mr. Samy Harraz
Head of International Relations and Institutional Negotiations, Single Resolution Board
Mr. Stuart Last
Partner, Asean Financial Services Strategy and Transactions Leader, Ernst & Young
Mr. Shankar Kanabiran
Deputy Consulting Leader, Ernst & Young Malaysia
Mr. Vincent Malayapillay
Partner, Deloitte Southeast Asia Financial Advisory Practice
Mr. Kuok Yew Chen
Partner, Christopher & Lee Ong
Moderator
Mr. Stefan Gannon
Special Adviser to Chief Executive, Hong Kong Monetary Authority
Bank Resolution – Shariah Considerations in the Resolution of Islamic Banks
Venue: Jasmine & Orchid
Speakers
Mr. Azizan Abd Aziz
Group Chief Financial Officer, Bank Islam Malaysia Berhad
Dr. Ronald Rulindo
Lecturer of Islamic Business Program, Faculty of Economics & Management, University of Indonesia
Dr. Marjan Muhammad
Director, Research Quality Assurance & Publications, International Shari’ah Research Academy for Islamic Finance (ISRA), Research Management Centre, INCEIF University
Moderator
Mr. Mohd Sobri bin Mansor
Head of Shariah & Sustainable Development, Perbadanan Insurans Deposit Malaysia
Insurance & Takaful Resolution – Facilitating Stressed Mergers & Acquisitions / Transfer of Business of Insurance Portfolio
Venue: Maple & Cypress
Speakers
Mr. Fauzi Ichsan
Chairman of the Board, Indonesia Financial Group
Mr. Lau Sie Liang
Head of Analytics, Rest of Asia, Gallagher Re
Ms. Farzana Ismail
Principal and Consulting Actuary, Milliman
Ms. Tracy Wong
Partner, Christopher & Lee Ong
Moderator
Mr. Yoon Yew Khuen
Director of Actuarial Services, PwC Malaysia
11:00 – 11:30
Coffee Break and Booth Visits
11:30 – 12:30
Separability of Banks During Crisis – Guidance on Separability for Transfer
Venue: Topaz Ballroom
While mergers and acquisitions transactions and transfer of business schemes may have been around in the financial industry, the transfer of a financial institution to another entity or acquirer during times of distress may be a challenging and complex exercise. Financial intermediary firms serve important functions in the economy and they often form part of a complex group of entities which are closely interconnected with each others. The degree of interconnectedness and interdependencies will have an impact on the resolvability of the firm. In this session, we hear from real-life practitioners on challenges faced by banks in undertaking separability assessment as part of the resolution planning and resolvability process.
Speakers
Ms. Monika Mars
Founder & Managing Director, MM Risk Advisory Services
12:30 – 14:15
Lunch
Venue: Cinnamon Coffee House
14:15 – 15:15
Digitisation & IT Systems in Banking : Facilitator or Dampener in Resolution?
Venue: Topaz Ballroom
Under a business environment marked by digitisation, the expert will share his insights on the role of information technology in a merger and acquisition transaction prior to, during, and post a resolution. How does a firm undertake an IT due diligence during times of distress and what are the issues and challenges? We will also find out the information required for IT due diligence as well as the common errors that may affect pricing and transactions. How does a firm deal with cybersecurity concerns and how do they impact the resolution of a financial institution?
Speakers
Mr. Andy Rowsell-Jones
Vice President and Distinguished Analyst, Gartner
15:15 – 15:30
Closing Remarks
Venue: Topaz Ballroom
Speakers
Mr. Rafiz Azuan Abdullah
Chief Executive Officer, Perbadanan Insurans Deposit Malaysia
15:30 – 15:45
Coffee Break and Booth Visits
15:45 – 17:30