Host: Monica O’Reilly, principal, Deloitte & Touche LLP
US banks can no longer ignore the current market reality. Regulatory agencies, investors, and the board are demanding awareness, readiness, and action as to how climate risk is integrated into a bank’s risk management framework. We will discuss:
- Climate risk-related regulatory trends and their anticipated impacts in risk management.
- Evolving investor expectations and implications for ESG disclosure.
- The need for a systematic approach to governance, training, and execution to drive accountability.
Meet the speakers
Monica is a principal with Deloitte & Touche LLP. She leads the US Financial Services Industry group focused on the banking, capital markets, insurance, investment management, and real estate sectors. She provides strategic direction for broad client-facing efforts, go-to-market strategies, and resources to professionals helping clients solve their complex issues using Deloitte’s significant capabilities across multiple domains, including technology, regulatory compliance, cyber, human capital, audit, tax, and M&A. Monica is a thought leader, frequent speaker, and author on industry trends. Monica has more than 25 years of experience in risk management, regulatory compliance, and controls consulting in financial services with deep experience in banking, capital markets, and payments. She has worked with many clients to assess compliance with applicable laws and regulations across various geographies, as well as enterprise and operational risk management capabilities.
Ricardo is a principal in Deloitte & Touche LLP’s Risk & Financial Advisory practice. He has more than 20 years of experience serving the financial services industry specializing in credit and market risk management. He also has extensive experience with OTC Derivatives, including collateral management operations, regulations, and technology. Ricardo has led Deloitte’s global Derivatives Regulatory Reform practice since the enactment of Dodd Frank’s Title VII and subsequent equivalent global regulations. Most recently, Ricardo spent two years on secondment with Deloitte based in Germany; during his tenure, Ricardo served large Global firms headquartered in Europe. He also served as Lead Risk Partner for the European Central Bank. In addition to client service, Ricardo’s thought leadership activities include serving on the Board of Deloitte’s Banking Union Center in Frankfurt, where he has helped to develop a state-of-the-art methodology for monitoring and mitigating non-financial risks. Prior to joining Deloitte & Touche LLP, Ricardo worked as a director of trade and risk management for a large risk data and technology provider, where he was responsible for revenue generation, alliances and business development for the Americas.
Kristen is an Audit & Assurance partner serving as the Sustainability and KPI services leader in Deloitte & Touche LLP. Kristen also serves as the Deloitte Touche Tohmatsu Limited (DTTL) Americas Region Sustainability Services leader and leads Deloitte’s Supply Chain Social Compliance services. She brings specialized insights to these regulatory and compliance reporting requirements and the implications of environmental and social issues to corporate brand and reputation. Kristen also serves on a number of task forces and advisory councils of leading sustainability standard setting and reporting initiatives. To hear from Kristen and learn more about our services, visit our sustainability reporting page.