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STRESS TESTING USA 2015 DFAST EDITION
HEAR FROM MORE 20+ SENIOR RISK EXPERTS INCLUDING:John Fleshood Chief Risk Officer, Wintrust Financial CorporationRobert Chan Head of Stress Testing, City National BankTy Lambert SVP Director, Treasury & Credit Analytics, BancorpSouthIvo Antonov Head of Portfolio Analytics, Silicon Valley BankAndrei Egorov MD, Stress Testing, Charles SchwabHammad Pirzada Corporate Treasurer, The PrivateBankAnthony Donatelli Director, ERM, New York Community BankTom VillellaDirector, Enterprise Risk Modeling, Astoria BankTally FergusonDirector, Market Risk Management, BOK FinancialThomas Wang,Director, Dodd-Frank Act Stress Testing, Capital Markets, Fannie Mae
HIGHLIGHTS IN 2015 INCLUDE:DFAST COMPLIANCEDetermine where the bar is for different sized institutions, how to utilize resources and find a comfort level for investment and processCONTROLS, CHALLENGE & GOVERNANCEUnderstand how to build an effective governance, control and challenge processBEYOND REGULATORY COMPLIANCEDevelop stress testing into a long term, repeatable exercise for use beyond regulatory complianceDOCUMENTATIONAssess how to effectively document the processAssessing the challenges and delivering industry best Practices For $10 – 50Bn InstitutionsMODEL DEVELOPMENTBest practices for building accurate models, PPNR modeling, credit loss models and modeling uncommon and non-traditional business activitiesMODEL VALIDATIONLearn how to manage model risk, validate models, set effective model risk buggers and effectively use vendor modelsMOVING TO CCARUnderstanding the gains and losses for institutions on the verge of crossoverDATA FLOW AND RECONCILIATIONKey insights on building a system for effective data flow and reconciliation
EARLY BIRDSAVE $400
Register By October 2
3RD COLLEAGUE HALF PRICE
E: [email protected] T: +1 888 677 7007 www.stress-testing-usa.com
October 27-28, 2015 | New York City
#StressTestingDFAST
CPE ACCREDITATION: GOLD SPONSORS: LUNCHEON SPONSORS:
Reduce Spreadsheet Risk
WHY ATTEND?In 2015, dozens of midsized banks in the US have been asked to follow suit of the major CCAR institutions and for the first time announce the results of the DFAST exercise, showing that they have enough capital and liquidity to withstand a deep recession and prolonged turmoil in financial markets.
CFP’s Stress Testing USA 2015: DFAST Edition Congress has been researched with DFAST institutions, ranging between $10 – 50 Bn in assets, and delivers thought-leadership, best practices and industry insight from more than 20 Senior Risk and Stress Testing practitioners.
Across two-days, participants will hear thought-provoking and insightful presentations and discussions addressing the key challenges being faced by institutions subject to DFAST compliance.
Key challenges addressed for 2015 include setting the bar for resource and investment levels; controls, challenge and governance; documentation; model validation and development; data flow and reconciliation; and much more.
WHO SHOULD ATTEND?National Banks, Regional Banks, Federal Savings Associations, Investment Banks, Merchant Banks, Private Banks, Building Societies, Insurance Companies and other financial institutionsCEO’s, CFO’s, Finance Directors, Chief Risk Officers along with the Directors, Heads and Managers of:
• Stress testing and scenario analysis• Enterprise risk management (ERM)• Treasury• Market risk and control• Credit risk and policy• Operational risk• Asset liability• Model development• Model validation• Risk assessment and modeling• Risk management and reporting• Risk policy and strategy• Risk control• Risk portfolio management and analytics• Strategic planning and forecasting• Risk integration• Risk framework management• Regulation, compliance Basel III and Solvency II reporting• Economic capital and capital adequacy• Business continuity• Risk and capital modeling• Audit and compliance• Capital management and planning• Quantitative analysis• Interest rate risk• Market risk• Credit risk
AS WELL AS:• Risk analysts• Financial risk controllers• Credit analysts
Reputational risk is a real challenge; the first time for stress-testing around the track, midsized banks want to get the turns right.FRANK KEATING, President, American Bankers Association”
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#StressTestingDFAST E: [email protected] T: +1 888 677 7007 www.stress-testing-usa.com
Stress Testing USA 2015: DFAST Edition | October 27-28, 2015 | New York City
EARN UP TO 22.5 CPE CREDITS Attendees can earn up to 15.5 CPE Credits for the Main Congress (October 27-28) and up to 7 CPE Credits for the Pre-Congress Masterclass (October 26) in the Management Advisory field of study.
CFP (Center for Financial Professionals) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE Credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org.
GOLD SPONSORS: CIMCON’s spreadsheet management tools reduce model risk and provide
sound model risk management for stress testing to meet regulatory requirements and improve model quality. The CIMCON tools reduce risk by providing a visual and clear understanding of your model, quickly identifying errors ad areas of concern, and delivering proper controls and reporting to meet regulatory expectations all with minimal end user impact. Comprehensive tools provide inventory, risk assessment and data lineage, data analysis, and controls/monitoring. CIMCON tools have helped over 325 firms including some of the world’s largest banks, insurers and financial services companies manage spreadsheet model risk.
For further information please visit: www.cimcon.com
ClusterSeven provides end-to-
end model risk management for those firms where financial modelling is conducted across a range of technology platforms, particularly where these include a high usage of end user computing components such as spreadsheets.
For further information, visit: www.clusterseven.com
Cushman & Wakefield advises and represents
clients on all aspects of property occupancy and investment. Founded in 1917, it has 259 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.
For further information, visit: www.cushmanwakefield.com
Darling Consulting Group (DCG) is a leading independent provider
of balance sheet risk management services and solutions for the financial institution industry. DCG’s Quantitative Risk Analysis & Strategy Group provides specialized end-to-end validation for credit stress testing models (DFAST/CCAR) which includes an evaluation of the mathematical approaches employed to project credit losses and PPNR forecasts, as well as ALM model integration, governance, controls and documentation.
For over 30 years DCG has helped financial institutions of all sizes make better strategic and risk management decisions.
For further information, visit: www.darlingconsulting.com
Situs is a global provider of end-to-end commercial real
estate and loan advisory services and integrated solutions, offering customized services to leading financial institutions, investors, owners, and developers. We offer a wide array of services, including enterprise and process improvement, capital markets and commercial real estate advisory, servicing and staffing solutions.
For further information, visit: www.situs.com
Strategic Risk Associates (SRA) is national consulting and advisory
firm specialising in the banking and financial services industry.
We help commercial banks and financial services companies with Enterprise Risk Management; Merger and Acquisition Due Diligence; Internal Audit; Bank Integration; Credit Risk Management including Loan Reviews, Stress Test, Credit Training, and Process Improvements; Regulatory Support for Bank Exams, MOUs, and Enforcement Actions; Management and Board Assessments; Strategic Plans; Capital Plans; Board of Director Training, Succession Plans, Staff Augmentation, Mortgage Operations Support, and numerous Other Services.
For further information, visit: www.srabank.com
Wolters Kluwer Financial Services provides
customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®.
For further information please visit: www.wolterskluwerfs.com
LUNCHEON SPONSOR:
EVMTech is a leading provider of analytic
risk management solutions to financial services industry. Our stress testing solution Sceneco supports our clients in three key areas of data management, scenario design, and loss & revenue model integration. This ensures a swift and end-to-end approach to managing stress testing process. Data owners submit the data they are responsible for. Business users and economists review projections of macro and financial variables and may enhance them with their forecasts. Stress scenarios are defined for several variables and expanded to all the remaining ones. The results are passed to loss & revenue models to project income and expense items.
For further information please visit www.evmtech.com
#StressTestingDFAST E: [email protected] T: +1 888 677 7007 www.stress-testing-usa.com
Stress Testing USA 2015: DFAST Edition | October 27-28, 2015 | New York City
Advance Your Branding, Awareness, Industry Expertise, Thought-Leadership and Lead-Generation at Stress Testing USA 2015: DFAST EditionSponsorship and exhibition with CFP Events offers unique networking, brand recognition and thought-leadership deliverance opportunities with senior risk professionals from around the world. Whether you want full branding across the event or simply a well-positioned exhibition stand, our business development team will tailor the right package for you. We do everything we can to help you get your marketing message across and also to benchmark the return on your investmentFor further information about Sponsorship and Exhibition at Stress Testing USA 2015: DFAST Edition, please contact Andreas Simou at or +1 888 677 [email protected]
SPONSORSHIP & EXHIBITION OPPORTUNITIES AT STRESS TESTING USA DFAST EDITION 2015
Reduce Spreadsheet Risk
3RD COLLEAGUE HALF PRICE
DAY ONE | OCTOBER 27
8:30 REGISTRATION & MORNING COFFEE
8:45 CHAIR’S OPENING REMARKS
KEYNOTE PANEL DISCUSSION09:00 SETTING THE BAR: UTILIZING RESOURCES AND FINDING A COMFORT LEVEL FOR INVESTMENT AND PROCESS FOR DFAST COMPLIANCE• Determining where is the ‘bar’ for different sizes of institutions • $40 – 50bn • $20 – 40bn • $10 – 20bn• Understanding what processes have been built• Assessing the different institutional approaches and how to benchmark against peers• Creating an industry benchmark for DFAST• Analyzing the financial and human capital resource limitations• Reviewing the shift of the banks primary focus
John Fleshood, Chief Risk Officer, Wintrust Financial CorporationIvo Antonov, Head of Portfolio Analytics, Silicon Valley BankJeffrey Prelle, VP, Risk Modeling, ScottradeHammad Pirzada, Corporate Treasurer, The PrivateBank
EXTENDED SESSION9:4O DEVELOPING STRESS TESTING INTO A LONG TERM, REPEATABLE EXERCISE FOR USE BEYOND REGULATORY COMPLIANCE• Assessing what the regulators want to see• Analyzing the operational challenges• Putting in place the resources and retaining them• Leveraging the regulatory investment into value for the institution• Gaining buy-in from senior management• Adding value to the institution• Making the process more efficient, less resource intensive and more timely• Using stress testing for guiding and making effective business and strategic decisions• Determining the level of integration into current processes and how disjointed is stress testing from reserve and balance sheet models
Ivo Antonov, Head of Portfolio Analytics, Silicon Valley BankRalph Baxter, CEO, Cluster SevenThomas Wang, Director, Dodd-Frank Act Stress Testing, Capital Markets, Fannie Mae
10:55 MORNING REFRESHMENT BREAK & NETWORKING
DATA FLOW AND RECONCILIATION11:25 BUILDING A SYSTEM FOR EFFECTIVE DATA FLOW AND RECONCILIATION TO MEET REQUIREMENTS FOR TODAY AND TOMORROW• Ensuring data consistency across reports, departments and users• Determining where the data needs to come from and who needs to access• Integrating and automating data accessibility• Understanding the current state and what are the requirements• Evaluating what will be required in the future• Improve the efficiency• Assessing the need for investment and at what level• Gaining additional data and handling limitations
Frederik Sziszak, VP, Treasury, Capital Management, CITEd Roberston, Co-Head And MD, Financial Institutions, Situs
12:30 LUNCHEON ADDRESS DELIVERED BY CIMCON SOFTWARE
12:40 LUNCH BREAK & NETWORKING
MODEL VALIDATION1:40 SETTING EFFECTIVE MODEL RISK BUFFERS AND OVERLAYS• Determining an effective framework for the buffer • Effectively measuring the buffer • Calculating• Understanding how to quantify• Calculating buffers for vendor models with limited information
Julien Lee, VP, Model Validation, People’s United Bank
DOUBLE SESSION2:15 EFFECTIVELY MANAGING MODEL RISK AND VALIDATING MODELS• Determining what validation entails and what it should entail• Assessing the time horizons and resource pressures• Reviewing when the process should be done• Understanding how to document and how much explanation is required• Analyzing the scope of models that should be considered • Defining a model • Ensuring capture of all models • Assessing the process for reporting up to model risk management
Jeffrey Prelle, VP, Risk Modelling, ScottradeMark Grondahl, , SVP, Model Risk Management, TCF Bank
3:25 AFTERNOON REFRESHMENT BREAK & NETWORKING
3:55 EFFECTIVELY USING VENDOR MODELS AND ENSURING THEY WORK FOR THE PORTFOLIO• Understanding how to make sure the model works for the portfolio Is the model appropriate• What data was used to build the model• Assessing the underlying model• Evaluating what the problems are• Determining how to deal with uncertainties with limited information• Assessing how to spot model errors
DOUBLE SESSION4:40 IDENTIFYING APPROPRIATE AND ACCURATE CAPITAL TRIGGERS• Determining how to set the triggers quantitatively and qualitatively• Ensuring capital triggers are appropriate• Assessing what action to take and when with limited information• Assessing how to spot model errors
Christopher Dunn, SVP, Director of Asset Liability and Capital Planning, Associated BankBob May, Senior Director, Investor Relations & Capital Management Synovus
5:45 CHAIRS CLOSING REMARKS
5:50 END OF DAY ONE & COCKTAIL RECEPTION
3RD COLLEAGUE HALF PRICE
#StressTestingDFAST E: [email protected] T: +1 888 677 7007 www.stress-testing-usa.com
3RD COLLEAGUE HALF PRICE
Stress Testing USA 2015: DFAST Edition | October 27-28, 2015 | New York City
DAY TWO | OCTOBER 28
8:30 REGISTRATION & MORNING COFFEE
8:45 CHAIR’S OPENING REMARKS
PANEL DISCUSSION9:00 TO STAY DFAST OR TO BECOME CCAR: UNDERSTANDING THE GAINS AND LOSSES FOR INSTITUTIONS ON THE VERGE OF CROSSOVER• Determining the additional expectations and how the ‘bar’ is raised for CCAR• Assessing the additional regulatory requirements that come with it including liquidity, Volcker and Dodd-frank• Planning for the jump and understanding how to execute such a plan• Sizing the additional costs and resource demands incurred• Analyzing where and why failures happen and how to avoid the pitfalls
Robert Chan, Head of Stress Testing, City National BankAnthony Donatelli, EVP, Director Enterprise Risk Management, New York Community BancorpAndrei Egorov, MD, Stress Testing, Charles SchwabOmer Samikoglu, Credit Stress Testing Leader, CIT Group
CONTROLS, CHALLENGE AND GOVERNANCE DOUBLE SESSION9:40 BUILDING AN EFFECTIVE GOVERNANCE, CONTROL AND CHALLENGE PROCESS• Determining the expectations from the regulators• Gaining the appropriate “buy-in” from senior management• Understanding the roles and information flow for: • The Board • Executive and Management Oversight Committees • Stress Testing Oversight Committee • Capital Planning Committee • Finance Committee• Documenting and reporting the process• Assessing the types of controls and function in place for testing and ongoing monitoring • Should this be done internally or externally • Who should conduct• Challenging and vetting • Self identify gaps • Setting milestones
Robert Chan, Head of Stress Testing, City National BankTally Ferguson, SVP, Director of Market Risk Management, Bank of OklahomaDavid Risdon, Senior Managing Director and Co-Head of Special Opportunities Group, Cushman & Wakefield Inc.
10:55 MORNING REFRESHMENT BREAK & NETWORKING
DOCUMENTATION/ PANEL DISCUSSION11:25 ASSESSING HOW TO EFFECTIVELY DOCUMENT THE PROCESS• Understanding what pitfalls to look out for when documenting the process• Building a methodological approach• Making the process more time and resource efficient• Establishing how the process should be documented • Internal Vs. Technical Advisers • Documenting as the process runs• What should be explained • Purpose of the model • Data sources used by the model • Statistical techniques employed, mechanics of the model • Who runs it, owns it and is accountable• Determining how much information is enough• Assessing where to improve and how
Tally Ferguson, SVP, Director, Market Risk Management, Bank of OklahomaMark Grondahl, SVP, Model Risk Management, TCF Bank
12.05 LUNCHEON ADDRESS DELIVERED BY EVM TECH
12:15 LUNCH BREAK & NETWORKING
MODEL DEVELOPMENT1:15 BEST PRACTICES FOR BUILDING ACCURATE MODELS• Building a framework that is defensible• Determining the role of model developers and functional business units• Evaluating statistical techniques• Measures of model performance and validity• Gaining the right data for the right purpose • Internal data • External dataTy Lambert, SVP, Director Treasury & Credit Analytics, BancorpSouthSam Chen, Quantitative Analyst, Darling Consulting Group
PPNR MODELING / DOUBLE SESSION2:20 BEST PRACTICES FOR PPNR MODELING• Understanding how sophisticated the approach should be• Determining which data should be used and the limitations • Internal • External • Data for mergers and acquisitions • How far back can and should the data go• Overcoming the modeling challenges • Incorporating management and strategic decisions • The sub components and non data driven areas of PPNR • What to do where data doesn’t represent• Determining what types of modeling techniques are being used to forecast balance sheet volumes • Internal models • Vendor Models• Addressing operational losses within stress testsClifton Loo, Director, Model Development, Synchrony FinancialVenkat Veeramani, SVP, Modeling, Wintrust Financial
3:25 AFTERNOON REFRESHMENT BREAK & NETWORKING
3:55 BUILDING MODELS FOR UNCOMMON AND NON-TRADITIONAL BUSINESS ACTIVITIES ON THE BALANCE SHEET• Determining how to view risk on unusual asset classes• Assessing how to display to regulators and convincing regulators how to view the portfolio• Understanding how to model, capture and account within the portfolio• Overcoming the challenges of preconceived conception from regulators
Anthony Donatelli, EVP, Director Enterprise Risk Management, New York Community Bancorp
4:30 BENCHMARKING CREDIT LOSS MODELS• Understanding what models are being used in what areas• Determining how to find, utilize, align and justify external data for an existing portfolio• Assessing the approaches used and what drives the factors
Tom Villella, Director, Enterprise Risk Modeling, Astoria Bank
5:05 CHAIRS CLOSING REMARKS
5:10 END OF CONGRESS
3RD COLLEAGUE HALF PRICE
#StressTestingDFAST E: [email protected] T: +1 888 677 7007 www.stress-testing-usa.com
BUY 2 & GET 3RD COLLEAGUE
HALF PRICEEARLY BIRD Ends October 2
Stress Testing USA 2015: DFAST Edition | October 27-28, 2015 | New York City
#StressTestingDFAST E: [email protected] T: +1 888 677 7007 www.stress-testing-usa.com
REGISTRATION AT 9AM, THE MASTERCLASS WILL COMMENCE AT 9:30AM AND FINISH AT 5PM
There will be adequate time for refreshments and lunch. Due to the interactive nature of the Masterclass, seats are strictly limited and available on a first come, first served basis. This advanced Masterclass is focused on the accurate assessment of “total risk” of any subset or the entire balance sheet of an organization. The Masterclass leaders believe that the only approach to accurate portfolio risk assessment is a “bottoms up” with maximum accuracy at the individual transaction and individual counter-party level. The course covers interest rate curve construction with HJM and its relevance within the context of stress testing.With this foundation, the course focuses intensely on the vastly different implications of value-at-risk calculations versus a put option or reinsurance which could be used to mitigate some or all risk. It then moves on to stress testing with respect to macro-economic factors, starting at the transaction level and individual counterparty level and aggregating to total risk. Market data is used to illustrate the perceived total risk of the largest financial institutions in the world.
COURSE QUALIFICATIONSThis course is designed for financial market participants with varied backgrounds and experience. The course relies heavily on worked examples as a teaching tool, so proficiency with Microsoft Excel is required of course participants. Participants will need to supply their own laptops with Excel installed.
KEY ISSUES THAT WILL BE ADDRESSED DURING THIS MASTERCLASS ARE:How do you pass the regulatory test?• Quantitative objectives• Qualitative objectives (5 banks failed: 1 for quantitative results, 4 for qualitative, 1 passed but restated quantitative results after the fact)Going beyond regulatory compliance• How to use the regulatory stress test (designed for horizontal comparison among banks) and modify the models and process to use as a management tool to better manage capitalWhat are the issues that need to be studied?• Internal Data – loan level, defaults, losses, recoveries, lags; granularity vs. aggregation, assumptions vs. bank history• External Data – macro factors• Model - construct, assumptions, validation, use of challenger models (Champion/Challenger approach)• Infrastructure and Resources• Reconciliation Reporting of Results
Best practices / future issues• Assumptions – rollovers, reinvestment of cash flows, dynamic characteristics of default probability • Assumptions – normality, multi-collinearity, lags, autocorrelation, fitting macro factors, no arbitrage• Deterministic (regulatory scenarios) vs Monte Carlo simulation• Number of risk factors/HJM
Review of Best Practice Risk Management Reporting• Key macro-economic factors driving default risk of the public firms represented in the class • Federal Reserve CCAR macro factors • More comprehensive macro factors • Commonly overlooked macro factors• Best practice stress tests in the HJM context • Market value-based stress tests • Net income-based stress tests • Cash flow-based stress tests • Value at risk-based stress tests • Capital ratio-based stress tests
• Counter-party exposure-based stress tests
Key Analytical Steps in Stress Testing Process• A worked example: stress-testing a bond as proof-of-concept • Basic introduction to yield curve construction and smoothing • Risk-free versus credit risky yield curves and credit spread smoothing• Understanding why legacy credit ratings are an inappropriate input to a stress testing process• Introduction to reduced form default probabilities• The logistic default probability function• Construction of the default probability term structure• Simulating default probabilities forward as a function of macro-economic factors• Determinants of credit spreads• Simulating credit spreads forward as a function of macro factors and default probabilities• Jarrow insights on separation of a multiple payment transaction into zero coupon bonds: the example of retail mortgages
Simulating Macro Factors Forward• Pitfalls common in macro-factor simulation• Dealing with correlation in macro factor distributions• No arbitrage interest rate simulation • Impact of shift from Libor-based to OIS-based swaps • Implications for yield curve construction • No arbitrage simulation of other macro factors • No arbitrage simulation of macro factors where default risk is an issue
Measuring the Significance of Shifts in Monte Carlo Results for VAR, Net Income and Cash Flow• Measuring the impact of macro factors on credit exposures • General procedures • CVA: Credit valuation adjustment, the buzzword versus true economics • DVA: Debt valuation adjustment, the buzzword versus true economics • PFE: Potential future exposure, the buzzword versus true economics • Non-maturity deposit volumes: responses to changes in interest rates and credit risk of the issuing bank • International examples on deposit volume • Evidence from the credit crisis of bank funding shortfalls • Best practice for modeling recovery and loss given default • Rollover assumptions: how to document and justify the rollover assumptions for new business and reinvested cash flows being used in the stress-testing process • Data Management • Best practice in selecting the granularity of data used in stress testing • Third party versus internal data • How much data is necessary for a statistically significant model? • Example: Japan & Canada • Measuring the uniqueness of internal data • “Merging” models to preserve uniqueness while maintaining statistical significance• Measuring the confidence intervals of Monte Carlo simulations• Measuring the confidence intervals of changes in Monte Carlo simulations
Full Enterprise Risk Measures on a Transaction Level Calculation Basis• Review of original risk management reports• Review of worked examples
MASTERCLASS LEADERSDonald R. van Deventer, Chairman & CEOMartin M. Zorn, President & Chief Operating Officer Robert A. Jarrow, Managing DirectorSuresh Sankaran, Managing DirectorPLEASE CLICK HERE TO FIND OUT MORE MASTERCLASS LEADERS
PRE-CONGRESS MASTERCLASS | October 26, 2015 | New York City
THE HEATH-JARROW-MORTON (HJM) MODEL & ITS USE IN STRESS TESTING
Concession Rates: 15% Discount for professionals of community banks, government and regulatory bodies, as well as members of professional trade associations and societies.
Terms And ConditionsThe conference is being organized by the Center for Financial Professionals Ltd (hereafter, CFP Events), a limited liability company formed under English company law and registered in the UK no. 7771333. Cancellations received more than one calendar month before the event will be eligible for a refund less 15% administration fee. Cancellations must be made in writing to [email protected]. Regrettably, no refund can be made for cancellations within a month of the event. If you are unable to attend, may nominate a colleague to take your place at any time at no additional charge. Any additional questions, call CFP on (US) +1 888 677 7007 or (UK) +44 (0)20 7164 6582.CFP Events, at its sole discretion, reserves the right to alter or cancel any presenters, sponsors, exhibitors, agenda or format of the event, including but not limited to venue and dates. The views and opinions expressed in literature before the event, during discussions and presentations at the event and any post-event material, are those of the individuals and/or organizations represented and not of CFP Events.Receipt of the booking form, inclusive or exclusive of payment, constitutes formal agreement to attend and acceptance of the terms and conditions stated. Where a Force Majeure Event has or may have affected CFP Events’ ability to execute and run the event, then CFP Events will be entitled, but not obliged, to provide alternative presenters, facilities, venue, or provide a refund. Any refunds will be subject to 15% administration charge. Force Majeure Event means any event arising that is beyond the reasonable control of CFP Events including (without limitation) to speaker or participant cancellation or withdrawal, supplier or contractor failure, venue damage or cancellation, health scares, industrial dispute, governmental regulations or action, military action, fire, flood, disaster, civil riot, acts of terrorism or war.We would like to keep you informed of other CFP Events products and services. This will be carried out in accordance with the Data Protection Act. CFP Events is not responsible for travel and accommodation of registered delegates and will not accept liability for such or any individual transport delays and in such circumstances the normal cancellation restrictions apply.In all cases payment prior to the event is required. Registration fees include all available sessions, refreshments and course documentation. When paying by credit card, CFP Events will only charge the Total amount for the event registered and cannot be held liable for any bank or credit card charges levied locally. Please be aware that CFP’s events are administered from the UK, including processing of payments. Where a visa and invitation letter is requested, payment must be made by wire transfer, cheques and credit card details cannot be accept, before any invitation letter is issued.May we remind overseas delegates that VAT must be paid for all UK-based events.No financial information, including credit card details, will be retained by the Centre for Financial Professionals other than stated purpose. All financial information will be disposed of once registration and payment is confirmed.By registering for CFP’s events, you agree to the photography, video and social media policy in public forums. If you wish to opt out, please contact CFPBy completing and submitting this registration form, you confirm that you have read and understood CFP Events Terms and Conditions and you agree to be bound by them.The Center for Financial Professionals (CFP Events), Suite 73 The Maltings, Roydon Road, Herts. SG12 8HG. UK
REGISTER NOW USING THIS FORM:Please complete the relevant fields and select your payment and attendance options. When complete, please click Submit. You will receive confirmation within 48 hours of your registration being received.
OTHER METHODS TO REGISTER:
By telephone: +1 888 677 7007By fax: +1 212 751 3500Online: stress-testing-usa.comEmail: [email protected]
In all cases payment prior to the event is required. Fee includes attendance at sessions, refreshments and course documentation of registered event.
Confirmation: you will receive confirmation and joining instructions from us within two working days of registering. If this is not the case, please telephone us to ensure we have received your booking.
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Please Register the Following delegate(s) Delegate 1:Miss Ms Mrs Mr Dr Other Name Position Organization Address
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Convene Times Square (810 Seventh Avenue, New York, NY 10019)
SELECT EVENT OPTIONS:EARLY BIRD: EARLY BIRD:
Register By October 2
Register After October 2
Stress Testing: DFAST Edition 2015 | October 27 - 28$1,299
SAVE $400$1,699
Masterclass: October 26$599
SAVE $100$699
Stress Testing: DFAST Edition 2015 & Masterclass | October 26, 27 & 28$1,898
SAVE $500$2,398
I am unable to attend the 2015 Congress, please send me the course documentation for $599 (All registered delegates will receive documentation)
DFAST Edition | Stress Testing USA 2015 | October 27-28, 2015 | New York City
