Rising interest rates: Increased risk?

Summary

The steep rise in interest rates implemented by US, European and Swiss national banks over the past year took many financial institutions by surprise. This, in turn, caused bank defaults in the US. In this chapter event we will explore:

• How did Swiss banks manage the rise in interest rates?
• How do Swiss banks define risk appetite for interest rate risk?
• Did risk appetite change with the change in interest rate environment?

Our speakers will provide two different perspectives – from a cantonal bank and a wealth manager – and valuable insights.

Presenters

• Heidi Steiger, Head of Risk Office at St. Galler Kantonalbank AG
  Heidi Steiger (Dr. oec. HSG) studied economics and did her research at the Institute of International Economics and Applied Economics (SIAW) at the University of St. Gallen. Her dissertation dealt with econometric analyses of Switzerland’s active labour market policy. From 2006 to 2020, Heidi Steiger held various positions in risk management and risk modelling at UBS AG. She then moved to the treasury risk area, where she initially worked on modelling interest rate risk and most recently was global head of liquidity risk modelling. Heidi Steiger has been Chief Risk Officer at St. Galler Kantonalbank since the beginning of 2021.
• Florian Hunziker, Treasury CFO at Julius Bär
  Florian has gained over 10 years of experience in the banking Treasury and Risk environment. He joined Julius Baer in 2018 where he currently works as Treasury CFO dealing with interest rate, liquidity and capital topics. Julius Baer is a pure global wealth manager with its main footprint in Europe, Asia and Middle East. Before his job at Julius Baer he has worked for EY and Credit Suisse in multiple roles.

Moderated by Pieter Klaassen, Board Member.

Agenda

17:30 Doors open – Name Tag Collection
18:00 Opening (tbd)
18:05 Presentation (Heidi Steiger)
18:25 Presentation (Florian Hunziker)
18:45 Q & A, Discussion (all)
19:25 Closure (tbd)
19:30 Networking drinks (all)
20:30 End

Chapter Event

In our chapter events – access for members only – we present one or more speakers to share knowledge, updates and best practices on a specific risk topic. In small groups of risk professionals you can exchange thoughts and test ideas. This event is hosted by chapter Risk Appetite Frameworks.