Banking
Cyber Risk Workshop
Scope
Cyber Risk has become one of the key vulnerabilities in the financial system today and a major threatto financial stability. The purpose of the workshop is to foster a better understanding of cyber risk andto support efforts to harmonize the identification and measurement of cyber risk. The workshop willfeature panel discussions of proposals by leading risk managers, academics and policy makers.
Please note that attendance at the conference is by invitation only and capacity is limited. Those interested in attending may request invitations by emailing Jonathan.Newell@rich.frb.org. In order to gather industry feedback on proposals, representatives from U.S. bank holding companies and intermediate holding companies subject to SR 15-18 and SR 15-19 will be invited. Please direct all questions and correspondence to Jonathan.Newell@rich.frb.org.
Agenda
08:30 ‐ 09:00 Continental Breakfast
09:00 ‐ 09:15 Welcoming Remarks: Becky Bareford, First Vice President & COO, Federal Reserve Bank of Richmond
09:15 ‐ 10:45 Panel #1: Identification and Classification of Cyber Risk
- Steve Bishop, Head of Risk Information & Insurance, ORX
- Deborah Bodeau, Senior Principal Security Engineer, Cyber Solutions Division, The MITRE Corporation
- Todd Waszkelewicz, Assistant Vice President, Cybersecurity Policy, Federal Reserve Bank of New York
- Dawn Rieth, Senior Advisor, Operational Risk Management, PNC
- Moderator: Albert Olagbemiro, Advanced Bank Examiner, Cybersecurity Risk Specialist, Federal Reserve Bank of Richmond
10:45 ‐ 11:15 Break
11:15 ‐ 12:45 Panel #2: Measurement and Impact of Cyber Risk
- Phil Collett, Director Cyber Risk Assessments, American Express Co.
- John DeLong, Risk Management, Morgan Stanley
- Denyette DePierro, Vice President, Center for Payments and Cybersecurity, American Bankers Association
- Gilles Hilary, Chaired Professor, Georgetown University
- Patrick Naim, CEO, Elseware
- Moderator: Filippo Curti, Financial Economist, Quantitative Supervision & Research, Federal Reserve Bank of Richmond
12:14 - 1:30 Lunch (pre-function area)
1:30 ‐ 02:15 Keynote Speaker: Patricia Mosser, Director, MPA Program in Economic Policy Management; Senior Research Scholar of International and Public Affairs, Columbia University
02:15 - 02:30 Break
02:30 – 04:00 Panel #3: The Role of the Federal Reserve System
- Nida Davis, Associate Director, Systems and Operational Resiliency Policy, Board of Governors of the Federal Reserve System
- René Stulz, Everett D. Reese Chair of Banking and Monetary Economics, Ohio State University
- Todd Vermilyea, Senior Associate Director, Risk & Surveillance, Board of Governors
- Keith Gordon, Chief Information Security Officer, ALLY
- Moderator: Gara Afonso, Assistant Vice President, Financial Intermediation, Federal Reserve Bank of New York
04:00 ‐ 05:00 Refreshments and networking
Review All Presentations at the Event
Organizing Committee:
Don Adams, Board of Governors of the Federal Reserve System
Gara Afonso, Federal Reserve Bank of New York
Filippo Curti, Federal Reserve Bank of Richmond
Luz King, Board of Governors of the Federal Reserve System
Atanas Mihov, Federal Reserve Bank of Richmond
Carlos Sosa, Board of Governors of the Federal Reserve System
Project Sponsors:
Nida Davis, Board of Governors of the Federal Reserve System
Jeff Gerlach, Federal Reserve Bank of Richmond
John Kolb, Board of Governors of the Federal Reserve System
To encourage frank and open exchange, the conference will be conducted under the Chatham House Rule. All attendees are welcome to use the information from the conference, but they should not attribute specific statements to individuals or institutions.
