ALFI European Risk Management Conference

Marco Zwick, Director at the CSSF, will present the latest trends and regulatory drivers in Luxembourg. Participants will receive insightful information on the regulatory agenda in Europe, the CSSF’s roadmap for 2024 and other initiatives of relevance in risk management.

ETF is the acronym of the year, given its commercial success and fast paced innovation. In this active world of ETFs, complexity is emerging in an ecosystem where simplicity once prevailed, and enhanced heterogeneity develops in a world previously dominated by standard models.
This marks a shift toward a landscape that is much more familiar to risk managers. While reviewing the latest product innovations and ETF trends, the panellists will identify the diverging roles and focus areas for risk managers across different products, including passive and active ETFs.

Several supranational entities have concomitantly launched consultations, suggesting that funds could constitute a threat to financial stability. While the targeted institutions, under the label “non-banking financial intermediations” go beyond fund managers only, the sheer size of the industry is often mentioned and most questions are directly addressed to UCIs. In this panel, participants will explore the initial hypotheses of the supranational entities and examine the supranational arguments concerning the alleged sources of macroeconomic risk. Participants will also consider the potential practical day-to-day consequences of such supranational entity initiatives for fund and risk managers in terms of leverage monitoring, capital adequacy, liquidity requirements, reporting, and central supervision.