Setting risk appetite for Digital Assets & DLT

Summary

Distributed Ledger Technology is reshaping the financial services industry. The technology has given rise to the whole new asset class of Digital Assets (crypto currencies, security tokens, …). The usage of Digital Assets & DLT in capital markets promises to deliver unseen process efficiencies. It is therefore no surprise that the number of financial institutions piloting or launching related services is growing. Use cases range from Digital Assets Custody & Brokerage to Tokenization of securities and real-world assets.

However, dealing with DLT and Digital Assets is complex operationally and gives rise to new and / or shifted risks. On the one hand, regulators have to classify the new asset class & set guidelines for businesses. On the other hand, given the importance of the topic, risk divisions within financial institutions are required to proactively engage with the topic, understand related risks, and, thereafter, derive risk conscious risk control frameworks based on a suitable risk appetite.

In this event you will learn:

• What Digital Assets & Distributed Ledger Technology are and how they are reshaping financial services industry
• How the Swiss FINMA approaches DLT & Digital Assets
• How a wealth manager has created a risk tolerance framework and updated its client acceptance frameworks in context of DLT & Digital ssets
• What risks arise related to asset tokenization and how they can be mitigated

Presenters

• Cédric Lüscher, Manager, zeb Switzerland
  Cédric is Topic Lead DLT & Digital Assets at zeb. He is actively engaged in projects along the entire Digital Assets value chain across Europe and helps financial institutions to derive and implement related business models
• Matthias Obrecht, Head Market Analysis & Lead FinTech desk, FINMA
  In his role Matthias authorises and supervises institutions with the so-called Fintech-Licence (Art. 1b BankA) as well as DLT trading systems. He is a lawyer with degree from University of Zurich and an MBA from Sungkyunkwan University, Seoul.
• Carolina Thomaz, CRO, Sygnum Bank
  Carolina Thomaz is Chief Risk Officer at Sygnum Bank and responsible for implementing sound risk tolerance frameworks & mitigation measures. rior to Sygnum, Carolina worked at Itaú Private Bank in Zurich as Head of Risk Management, where she also led digital transformation projects.
• Dominique Rudolf von Rohr, Head IWMS Compliance, Julius Bär
  Dominique is a Senior Compliance Manager in the regulatory space with significant experience implementing Digital Assets Services with a focus on client acceptance frameworks and distributed ledger analyses.

moderated by Pieter Klaassen.

Agenda

17:45 Doors open – name tag collection
18:00 Opening (Pieter Klaassen)
18:05 Digital Assets & related risks (Cédric Lüscher)
18:15 Regulation for DLT & Digital Assets risks (Matthias Obrecht)
18:30 Digital Asset risk mitigation in Wealth Management (Dominique Rudolf von Rohr)
18:45 Risk related to asset tokenization (Carolina Thomaz)
19:00 Q&A / Discussion
19:25 Closure (Pieter Klaassen)
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. More on SRA chapters. This event is hosted by the chapter Risk Appetite.