Auto Finance Risk Summit 2010

Event Details

Time: May 11, 2010 to May 12, 2010
Location: The Adolphus Hotel, Dallas, TX
Website or Map: http://www.autofinancerisksum…
Event Type: conference, summit, trade-show
Organized By: Auto Finance News
Latest Activity: May 5, 2010

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Event Description

The Auto Finance Risk Summit offers auto lenders and lessors the opportunity to discuss crucial risk management functions, protocols, metrics, and strategies. These discussions will help codify the application of enterprise risk management.

The Auto Finance Risk Summit will be attended by senior managers and decision-makers across all departments of auto lending and leasing operations, including CEOs, CFOs, COOs, CIOs, CTOs, Presidents, Risk Managers, IT Department Directors, Line of Business Managers, Compliance Executives, Business Analysts, Collections Managers, Project managers, and Product Managers, among others. While this Summit addresses the ideas and strategies for better Risk Management in auto finance, it is not just for risk management professionals, but for all auto finance professionals seeking a smarter business approach.

You can find more information about the conference and the complete agenda here.

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Comment by JJ Hornblass on May 5, 2010 at 9:37am: We're gearing up for next week's Auto Finance Risk Summit, and our preparatory work indicates that there are cracks in the risk management facade in the face of vastly improving economic and credit conditions. Many of the precautionary risk practices that were put in place in the wake of the credit crisis are in danger of being eased -- or removed altogether. We'll explore this and many other issues at next week's Summit in Dallas.

Comment by JJ Hornblass on April 8, 2010 at 4:48pm: As the Auto Finance Risk Summit approaches, I've started honing in on areas of risk management that should be explored with greater depth during the conference. One such area is liquidity risk, which was the subject of an interesting and valuable guidance from the Federal Deposit Insurance Corp. on April 5.

What struck me about the guidance was how the FDIC encouraged financial institutions to set "risk indicators" to mark when risk thresholds are being crossed. Yet, the FDIC equally indicated that "management should be fully aware that some measures may not appropriately assess the time dimension and specific characteristics of the institution’s liquidity risk profile."

Of course, this is the double-edged sword of liquidity risk metrics. The numbers mean something -- as long as they mean something. When the statistical scales break, as they did during the credit crisis, there's not a metric worth a dime.

That said, I see this industry being somewhat lax -- or at least cagey -- about the liquidity risk metrics that work best for the auto finance sector. If ever there was a metric to share, discuss and scrutinize, it would be liquidity risk metrics, and perhaps there should be more of that during the Auto Finance Risk Summit. Proper monitoring of liquidity risk is not just in a financial institution's best interest, but in a financial industry's best interest, too. We've got a great opportunity to address the latter at the Risk Summit.