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2nd Risk Summit

Back to Risk Summits

The human dimension of risk is an important and under-explored aspect of risk management issues. In the second annual meeting of the Centre for Risk Studies, last year’s themes of societal resilience and the failure of complex systems will be further developed through a deeper examination of human society as a complex system. Human dimensions of risk transcend many boundaries, emanating from risk perception, understanding patterns of behaviour and into the processes of decision-making and policy development.

Day one: Wednesday 8 December 2010

Time

Session

08:30-09:00

Risk Summit Registration & Coffee

09:00-09:15

Welcome and Introduction
Professor Geoff Meeks, Acting Director of Cambridge Judge Business School

09:15-13:00

Plenary Session 1: Perception
Chaired by: Michelle Tuveson, Executive Director, Cambridge Centre for Risk Studies

09:15-10:00

The Brain and Its Business Model
Professor Ed Bullmore, Cambridge Department of Psychiatry & Director, Behavioural & Clinical Neuroscience Institute

10:00-10:30

Uncertainty and Doubt in Conversation and How They Are Managed
Dr David Good, King’s College Cambridge

10:30-11:00

Visualisation of Sentiment Indicators Used in Market Trading
Mark Gilbert, London Bureau Chief, Bloomberg News

11:00-11:30

Coffee & Tea

11:30-12:00

Systemic Risk Poll and Discussion
Dr Ben Hardy, Research Associate, Neuroscience, Endocrinology & Finance

12:00-12:50

Panel Discussion: Cultures in Crisis: Challenges of Managing Perception and Governance
Moderated by Andrew Freeman, Executive Director, Deloitte Center for Financial Services

  • Dr Kanwardeep Ahluwalia, Managing Director, Risk Management, Swiss Re Group
  • Robert Hayes, Senior Fellow, Microsoft Institute for Advanced Technology in Governments
  • Harlan Loeb, Executive Vice President and US Director of Issues & Crisis, Edelman
  • Professor Tso-Chien Pan, Dean, College of Engineering & Director, Institute of Catastrophe Risk Management, Nanyang Technological University, Singapore

12:50-13:00

Plenary Session 1 Summary: Perception and Beyond
Dr Paul Kaplan, Quantitative Research Director, Morningstar Europe, Ltd.

13:00-14:00

Lunch

14:00-16:30

Plenary Session 2: Behaviour
Chaired by: Professor Daniel Ralph, Director, Cambridge Centre for Risk Studies

14:00-14:45

Insights from the Asian Micro-Insurance Markets: How the Last Mile Can Be Connected
Professor Haresh Shah, Chairman of Advisory Board, Institute of Catastrophe Risk Management, Nanyang Technological University, Singapore & Emeritus Professor of Stanford University

14:45-15:15

Learning from Primates: Group Behaviour and Cooperation
Dr Leslie Knapp, Reader, Cambridge Department of Anthropology

15:15-15:45

Bubbles, Manias and Market Failures: From Tulips to Subprime
Dr D’Maris Coffman, Director, Winton Centre for Financial History

15:45-16:15

Coffee & Tea

16:15-16:45

Taking Control of Organisational Risk Culture
Cindy Levy, Director, UK Financial Services and Risk Management Practices, McKinsey & Company

16:45-17:30

Open Forum Discussion and Summary
Chaired by: Professor Frank Kelly, Statistical Laboratory, Cambridge & Master, Christ’s College

17:30-19:00

Drinks Reception: Cambridge Judge Business School Common Room

19:15-22:00

Meeting Dinner
University of Cambridge – Peterhouse Dining Hall

Peterhouse Dinner Welcome
Professor Peter Landshoff, Christ’s College Fellow, University of Cambridge DAMTP

Resilient Societies: A Brit’s Perspective on the Irrepressible Optimism and Dynamism of California
Keynote Speaker: Professor Gerard Evan, Head of University of Cambridge Department of Biochemistry

Day two: Thursday 9 December 2010

Time

Session

08:30-09:00

Coffee & Meeting Registration

09:00-09:15

Welcome and Introduction
Dr Andrew Coburn, Senior Vice President, RMS

09:15-13:00

Plenary Session 3: Decision-Making
Chaired by: Dr Jonathan Grant, President, RAND Europe

09:15-10:00

Knightian Uncertainty and Innovation: A Philosophical Look at the Recent Financial Crisis
Richard Bronk, Visiting Fellow, European Institute, London School of Economics

10:00-10:30

Culture and Link to Operational Performance
Andrew Freeman, Executive Director, Deloitte Center for Financial Services

10:30-11:00

Managing Risk Strategy in Banking – Balancing the Human with the Financial
Alan Smith, Global Head of Risk Strategy, HSBC

11:00-11:30

Coffee & Tea

11:30-12:00

Hedging Uncertainty as a Venture Capitalist
Dr William Janeway, Senior Advisor, Warburg Pincus

12:00-13:00

Panel Discussion #2: Decision Making: Before and After a Crisis
Moderated by Dr Jonathan Grant, President, RAND Europe

  • Dr John Coates, Senior Research Fellow, Cambridge Judge Business School
  • Professor Charlie Kennel, UCSD Sustainability Solutions Centre
  • Dr Peter Nakada, Managing Director, RMS
  • Dr Peter Stern, Senior Editor, SCIENCE

13:00-14:00

Lunch

14:00-15:15

Plenary Session 4: Policy Setting and Adoption
Chaired by: Dr Andrew Coburn, Senior Vice President, RMS

14:00-14:45

Libel Laws and the Influences on Free Communication
Dr Simon Singh, TV Director, Author, and Science Journalist

14:45-15:15

Views into the Creative Industries
Dr Anna Dempster, Senior Lecturer, Sotheby’s Institute of Art & Birkbeck College

15:15-15:45

Nuclear Renaissance – The Proliferation Challenge
Dr William Nuttall, Senior Lecturer, Cambridge Judge Business School

15:45-16:15

Open Forum Discussion and Contemplation: Capturing Collective Thoughts
Chaired by: Dr Andrew Coburn, Senior Vice President, RMS

16:15-16:30

Meeting Summary
Dr Jonathan Grant, President, RAND Europe

Speakers

  • Michelle Tuveson, Executive Director, Cambridge Centre for Risk Studies
  • Professor Daniel Ralph, Director, Cambridge Centre for Risk Studies
  • Professor Geoff Meeks, Acting Director of Cambridge Judge Business School
  • Professor Ed Bullmore, Cambridge Department of Psychiatry & Director, Behavioural & Clinical Neuroscience Institute
  • Dr David Good, King’s College Cambridge
  • Mark Gilbert, London Bureau Chief, Bloomberg News
  • Dr Ben Hardy, Research Associate, Neuroscience, Endocrinology & Finance
  • Andrew Freeman, Executive Director, Deloitte Centre for Financial Services
  • Dr Kanwardeep Ahluwalia, Managing Director, Risk Management, Swiss Re Group
  • Robert Hayes, Senior Fellow, Microsoft Institute for Advanced Technology in Governments
  • Dr Andrew Coburn, Senior Vice President, RMS
  • Harlan Loeb, Executive Vice President and US Director of Issues & Crisis, Edelman
  • Professor Tso-Chien Pan, Dean, College of Engineering & Director, Institute of Catastrophe Risk Management, Nanyang Technological University, Singapore
  • Professor Haresh Shah, Chairman of Advisory Board, Institute of Catastrophe Risk Management, Nanyang Technological University, Singapore & Emeritus Professor of Stanford University
  • Dr Leslie Knapp, Reader, Cambridge Department of Anthropology
  • Dr D’Maris Coffman, Director, Winton Centre for Financial History
  • Cindy Levy, Director, UK Financial Services and Risk Management Practices, McKinsey & Company
  • Richard Bronk, Visiting Fellow, European Institute, London School of Economics
  • Alan Smith, Global Head of Risk Strategy, HSBC
  • Dr William Janeway, Senior Advisor, Warburg Pincus
  • Dr Jonathan Grant, President, RAND Europe
  • Dr John Coates, Senior Research Fellow, Cambridge Judge Business School
  • Professor Charles Kennel, UCSD Sustainability Solutions Centre
  • Dr Peter Nakada, Managing Director, RMS
  • Dr Peter Stern, Senior Editor, SCIENCE
  • Dr Simon Singh, TV Director, Author, and Science Journalist
  • Dr Anna Dempster, Senior Lecturer, Sotheby’s Institute of Art & Birkbeck College
  • Dr William Nuttall, Senior Lecturer, Cambridge Judge Business School

Organising Committee Chair

Michelle Tuveson, Cambridge Centre for Risk Studies

Organising Committee

Philippa Bradshaw, Cambridge Centre for Risk Studies

Andrew Coburn, RMS

Anna Dempster, Sotheby’s Institute of Art & Birkbeck College

Andrew Freeman, Deloitte Centre for Financial Services

Daniel Ralph, Cambridge Centre for Risk Studies

Ruth Whaley, Regulatory Fundamentals Consulting, LLC