08:30 Registration and welcome coffee

09:00 Opening remarks and welcome address from the Chair
Sarah Mehrtens
former Chief Executive Officer,
New Zealand Bankers Association

BASEL III IMPLEMENTATION CHALLENGES AND SOLUTIONS

09.20 KEYNOTE
New Zealand implementation of Basel III
• Reserve Bank approach to Basel II and Basel III
• Capital framework
• Liquidity
• Timelines
• Cost benefit and impact
Toby Fiennes
Head of Prudential Supervision,
Reserve Bank of New Zealand

10.00 Basel III in New Zealand and Australia – An independent perspective on impacts
• The regulatory response
• Market responses, including bank profitability, investment and competition
• Potential downstream economic impacts
Richard Kirkland
Enterprise Risk Services Partner
Deloitte New Zealand

10:40 Morning tea and networking break

11.00 New customer propositions in response to Basel III
• Liquidity and funding rules
• Impact on product design and pricing
• The change required for customer propositions
• Challenges posed by the proposed Basel III funding & liquidity rules & the implications for Australian banks
Steven Lim,
Partner, Risk and Capital Management,
PricewaterhouseCoopers Australia

11.30 PANEL SESSION
Meeting the practical challenges of the new liquidity regime
• The proposed new Reserve Bank liquidity rules (Australia and New Zealand)
• The new Basel proposals on liquidity risk
• Key differences between the three
• Implications for internal analysis of liquidity risk and management
• The commercial and economic implications of the new regulations
• Regulatory reporting requirements

Panelists:
Toby Fiennes, Head of Prudential Supervision, Reserve Bank of New Zealand
Steven Lim, Partner, Risk and Capital Management, PricewaterhouseCoopers Australia
Nico DeLange, Director – Financial Institutions Ratings, Standard & Poor’s

Moderator:
Paul Skillender, Senior Partner, PricewaterhouseCoopers New Zealand
12:15 Lunch and networking break

AN AUSTRALASIAN BANKING SYSTEM? PIPE DREAM OR POSSIBILITY?

1.15 A ratings agencies views on Basel III and the ability for Pacific banks to meet guidelines
• An overview of S&P's views relating to capital adequacy
• S&P's own ratings methodology
• Analysis of financial institutions ratings in Australia and New Zealand
Nico DeLange
Director – Financial Institutions Ratings
Standard & Poor’s

1.45 Australian and New Zealand approaches to Basel III
• Hear from both the Australian & New Zealand Basel III specialists from Ernst & Young, working either side of the Tasman
• Similarities
• Differences
• Collaboration
Chris de Wit,
Partner, Wellington Advisory,
Ernst & Young New Zealand

Andrew Harmer,
Partner, Financial Institutions,
Ernst & Young Australia

2.30 Convergence of regulatory requirements between Australia and New Zealand
• Navigating the evolution of Basel across the Tasman
• Good regulation in bad times, the Australasian experience
• Converging on the highest common denominator in a dual regulator environment
David Watts
Chief Risk Officer,
Westpac New Zealand

3.10 Afternoon tea and networking break

3.30 How best practice can be shared among competitors
• The value of an industry approach
• NZBA's consensus model
• Current and emergent issues facing the sector in NZ
Martin Philipsen, Acting Chief Executive Officer,
New Zealand Bankers Association

4.10 PANEL SESSION
Collaboration - Can Australian and New Zealand banks and regulators find more common ground?
• Where have we been? A shaky past?
• Where are we now? The Basel III discussion papers
• Do we really want to work together? Trans-Tasman reality
• The Australasian future.....good, bad, and ugly?

Panelists:
David Watts, Chief Risk Officer, Westpac New Zealand
Richard Kirkland, Enterprise Risk Services Partner, Deloitte New Zealand
Chris de Wit, Partner, Wellington Advisory, Ernst & Young New Zealand
Andrew Harmer, Partner, Ernst & Young Australia
Martin Philipsen, Acting Chief Executive Officer, New Zealand Bankers Association

Moderator:
Sarah Mehrtens, former Chief Executive Officer,
New Zealand Bankers Association

5.00 Closing remarks from the Chair and end of Day One

5.10 NETWORKING DRINKS This is an ideal opportunity for you to meet with your peers in an informal setting to discuss the day's events and build long-term relationships. Don't forget to bring plenty of business cards for this must attend gathering.

Sponsored By:

09:00 Opening remarks from the Chair
Sarah Mehrtens, former Chief Executive Officer,
New Zealand Bankers Association

RISKY BUSINESS

09:05 A move to comprehensive credit reporting
• The new regime as at April 2012
• What CR in NZ will look like
• Benefits to consumers
• Benefits to credit providers
• New use of data
• Other benefits:
- AML – Anti Money Laundering (Know Your Customer)
- Basel III
- Reporting
Tracy Pennell,
Business Transformation Leader,
Veda New Zealand

09:45 Systemic risk in banking
• The recognition/identification of Systemically Important Financial Institutions (SIFI's)
• The consequences for an institution of being classified as a SIFI
• What do SIFI's mean to the Australasian banking systems?
Dr David Tripe,
Associate Head, School of Economics
and Finance; Director, Centre for Banking Studies
Massey University, New Zealand

10:20 Morning coffee and networking break

10.40 The impact of Basel III on risk appetite
• How might Basel III impact risk appetite?
• Some thoughts on bringing risk appetite alive and adding value:
- Risk is usually viewed as a bad thing, but managing risk well can create value
• The CRO: How has Basel III impacted the role?
• High impact/low probability risks
Kevin McDonald,
Chief Risk Officer
ASB Bank New Zealand

11.20 FATCA. Foreign Account Tax Compliance Act
• The impact of FATCA compliance on Australian & NZ banks & their ability to meet Basel III requirements
• The new reporting and withholding regime
• Evaluation of the potential impact of these regulations and developing a plan for managing and remediating any potential risk associated with non-compliance
Ceri Horwill,
Director Treasury, Financial and Regulatory Risk Management Services,
KPMG Risk Advisory Services

12.00 PANEL SESSION
Risk appetite vs. risk management
• How do you manage the balance between liquidity, profitability, sales and sound credit policies in the new Basel III environment?
• Ratings agency perspectives, Basel III capital requirements and how they might affect bank credit ratings

Panelists:
Stuart Baxter, Manager Veda Advisory Services, Veda New Zealand
David Tripe, Associate Head, School of Economics and Finance; Director, Centre for Banking Studies, Massey University, New Zealand
John Miles, Head of Financial Institutions, Fitch Ratings, Australia

Moderator:
Godfrey Boyce,
Managing Partner,
KPMG Risk Advisory Services

1.00 Lunch and networking break

THE GLOBAL FINANCIAL CRISIS

2.00 KEYNOTE
The Global Financial Crisis - lessons for prudential supervision
• Importance of sound capital and liquidity
• Crisis resolution
• Macro prudential tools
• The RBNZ integrated approach
Dr Alan Bollard,
Governor,
Reserve Bank of New Zealand

2.50 Bank regulation in a global context - past, present and future
• A brief history of Basel regulation
• Stakeholder perspectives (equity, debt, depositors, borrowers, government and rating agencies)
• The impact Basel III is likely to have on the global and NZ economy
• Unintended consequences of Basel III
Paul Skillender,
Senior Partner,
PricewaterhouseCoopers New Zealand

3.30 Afternoon tea and networking break

3.50 Open Bank Resolution – OBR
• The legal and practical impacts of implementing the Open Bank Resolution policy
• How OBR fits with the RBNZ's other policies on prudential supervision
• What issues does OBR pose for Trans-Tasman resolution of bank failure?
• How does OBR fit with global trends?
Simon Jensen,
Special Counsel,
Buddle Findlay, New Zealand Lawyers

4.20 PANEL SESSION
GFC - the global situation and its impacts on Australasia
• Europe
• Asia Pacific
• USA

Panelists:
Paul Skillender, Senior Partner, PricewaterhouseCoopers New Zealand
Simon Jensen, Special Counsel, Buddle Findlay, New Zealand Lawyers
Noel McNamara, Chief Executive Officer, HSBC New Zealand
Tim Main, New Zealand Treasurer, Bank of New Zealand

Moderator:
Sarah Mehrtens, former Chief Executive Officer, New Zealand Bankers Association

5.10 Closing remarks from the Chair and end of conference