With regulators increasingly treating model risk as a principal risk, alongside traditional risks like credit and market risk, effective model validation is critical for financial institutions. This panel will explore best practices for managing model risk, focusing on the importance of a structured validation process that aligns with regulatory frameworks like the Federal Reserve’s SR11-7 and the PRA’s SS1/23. Experts will discuss strategies for efficient initial and ongoing model validation, helping institutions reduce costs and ensure regulatory compliance.

As regulatory scrutiny intensifies and market abuse schemes grow more sophisticated, firms can no longer afford to rely on fragmented trade surveillance systems. Historically, surveillance programs have evolved in silos—vendor solutions covering some risks, in-house builds covering others, and even ad hoc spreadsheet-based controls filling gaps. But with high-profile enforcement actions reshaping regulatory expectations, firms must now prioritize an integrated, data-driven approach to surveillance and governance. This panel will explore the operational and compliance risks of split system coverage and the hidden costs of surveillance fragmentation.

This panel will explore how regulatory frameworks are evolving across Europe, the UK, and the US, examining responses to geopolitical developments and the key priorities shaping the future of financial markets. With speakers representing multiple jurisdictions, the discussion will provide a truly global perspective on regulatory trends and enforcement.