Bank Board Priorities
What are bank boards and risk committees prioritizing in 2023 in terms of risk, regulation, and recessionary resilience? Join our exclusive Q&A with Bruce T. Richards, Chairman of the Board of Credit Suisse Holdings (USA) and formerly of the Federal Reserve Bank of New York, and Jing Zhang, Managing Principal at Apricus Climate Ventures, and an Advisory Board Member at OakNorth.
Watch now to hear what bank boards and risk committees should be prioritizing in 2023 in terms of identifying and managing future risk, preparing and responding to regulatory announcements, and confidently lending through a downturn for measurable growth.
We discuss:
- What bank regulators are going to be looking for, asking about, and concerned with over the next 12 months given the economic outlook, and how your bank can prepare for this
- An alternative approach to credit risk to better capture the challenges businesses will be facing in the months and years ahead
- The biggest challenges when it comes to climate change risk management and you can overcome these
- What digitization projects banks are going to prioritize over the next 12 months and why
Speakers
Bruce T. Richards
Bruce T. Richards is Chairman of the Board of Credit Suisse Holdings (USA), and sits on the Advisory Boards of Corsair Capital, Emeritus, and OakNorth. He has also served on the boards of the Institute of International Bankers, Great Western Bank, the American Australian Association, the US-New Zealand Business Council, and the Shelter for the Homeless.
From 2011 until 2017, he served as the Senior Vice President and Head of Supervision for Complex Financial Institutions, including the ten largest financial firms in New York, for the Federal Reserve Bank of New York. He also served as a member of the Federal Reserve’s system wide operating committee responsible for the supervision of all systemically important firms in the United States. Between 2002-2010, he was General Manager of the Americas for National Australia Bank, after spending 12 years at UBS as Head of Client Relationship Management for corporations, financial institutions, and public sector entities in the US.
Jing Zhang
Jing is Managing Principal at Apricus Climate Ventures, and an Advisory Board Member at OakNorth. Prior to this, he spent almost 13 years at Moody’s Corporation where he was Divisional Managing Director and the Global Head of Moody’s Analytics Quantitative Research Group. Formerly known as the Moody’s KMV Research Group, the team was responsible for the quantitative modeling behind the EDF and LGD models for both public and private firms, commercial real estate, and portfolio and ALM analytics. He has made major contributions to a number of KMV quantitative models widely used in the industry today.
Jing has also held a number of additional senior roles in Product Management and the Client Solutions Group, and he has advised banks and other financial institutions on risk management issues for many years. He has extensive experience supporting CCAR banks conducting loss estimation, PPNR modeling, model validation, benchmarking and capital planning, stemming from more than a dozen major client projects. His research papers have been published in both academic and industry journals, such as the Journal of Time Series, the Journal of Fixed Income, and the Journal of Risk Model Validation.