2010-06-09 / MiFID - Where do we stand 2 years after implementation?

2010-06-03 / AGM & Conference

Wednesday, June 2nd 2010, saw the AGM of PRiM followed by a conference led by Samuel Sender of EDHEC on "What are the Risk Management Implications of UCITS 'Hedge Funds'?" . The new board and President were elected and the full board can be found on the PRiM website news section.

The outgoing president, Michael May, thanked his board colleagues for their support and contribution during a momentous 3 years for the risk management profession and wished the new board and its president, Marco Zwick well during their coming mandate. Michael, who will remain on the board, also thanked outgoing members of the board - Alain Bastin, Pascal Denis, Bernard Herman, Vafa Moayed and Stephan Schmitz for their contributions. Each one of them of them has marked the life of PRiM and helped shaped the association that exists now and Michael ran through many of those valuable contributions. In particular, he praised Alain Bastin,  founder member and a former president, for his loyalty and support over the years.

The conference - the presentation slides of which are also now on the PRiM website (link) - was preceded by a presentation of the first PRiM Luxembourg School of Finance Scholarship for €3,000 to Gundars OSTROVSKIS . The winning essay will appear in the next edition of the quarterly PRiM Risk Newsletter, due for publication in early July.

PRiM Secretariat

2010-06-01 / Risk Management under UCITS IV (IFE)

2010-05-31 / 2010-06-08 Conference Invitation (ATEL - Coface)

Members are invited by ATEL & COFACE to their upcoming conference on "Credit & Country Risk". Please see the attached registration form to be returned to ATEL.

PRiM Secretariat

2010-05-28 / IBF Invitation: The Luxembourg pension system

IBF Luxembourg invites PRiM members to their next event on June 8th 2010 on "The Luxembourg pension system".
 
Do you know what elements make up the Luxembourg state pension? Ever heard of the 10-year rule? You are looking forward to early retirement or simply want to know when you can take your pension? Michael Doyle, an expert in expats-advisory, will present a worked calculation, with explanations and present his view of the future of our pension system. There will be sufficient time to answer questions.
 
Although this is not a risk event, our two associations have agreed to share events where appropriate and this event is likely to be of personal interest to those members working in Luxembourg.

A registration form is attached for those who wish to attend.

Kind regards,
PRiM Secretariat

2010-05-25 / Reminder : June 2nd 2010 - Conference open to all

2010-05-18 / June 2nd 2010 - PRiM AGM & Conference (conference open to members & non-members)

2010-05-16 / JUNE 2nd 2010 - PRiM AGM & CONFERENCE (conference open to members and non-members)

Dear all,

Please see attached details of the PRiM 2010 AGM (open to paid-up members only) at which the new board will be elected for a 3-year mandate.

The AGM will be followed by a conference at 18:00 - open to all, members and non-members alike at no charge - on the theme of "What are the Risk Management Implications of UCITS 'Hedge Funds'?". The conference will be given by Samuel Sender of EDHEC and will be based upon a recent market research survey.

The event will be followed by a networking cocktail which we hope many will attend and take the opportunity to meet the new board and other colleagues from the Luxembourg financial centre.

PRiM Secretariat

2010-05-12 / Risk Management sous UCITS IV

• Les developpements recents et les veritables changements concernant la gestion du risque
• Risque de liquidite, risque de contrepartie : quelles techniques pour les mesurer?
• Comment valoriser correctement les actifs du fonds?
• Une nouvelle ere ou une continuite pour la gestion du risque?

2010-05-11 / Invitation

The Luxembourg Institute for Global Financial Integrity (LIGFI) is pleased and honored to announce that Mr. da Silva Caldeira, President of the European Court of Auditors, will be the Guest Speaker at its sixth monthly lunch on Tuesday, 1st of June 2010 at the Cercle Munster. Mr. da Silva Caldeira will speak on “Governance, transparency, and public audit”.

See attached for further details.

To sign up, attendees to the LIGFI monthly lunch are kindly requested to register exclusively on the Institute’s website at www.ligfi.org.

2010-05-04 / Risk Management toward Basel III

MEMBERS ONLY EVENT

We are pleased to invite you to the first joint event of IBF Luxembourg (International Bankers Forum) and PRiM :

Speaker : Ralf Strauss
Date : Tuesday 18th May 2010, 12h00-14h00
Venue : Sofitel Kirchberg

Ralf Strauss has gained profound experience in both banking and funds industry as a senior consultant of PWC and as founder and manager of itechx GmbH Saarbrucken. In his presentation he will focus on trends both in banking and funds industry.

Please see attached for more details.

2010-04-14 / Save the Date - November 2010

2010-03-24 / Liquidity Risk

Dear all,

The slides from the successful PRiM event on Monday, March 22nd are now available from the PRiM website.

Recent history proves that a lack of liquidity can cause the failure of an institution even when it is solvent. This event, presented by PRiM board member Thierry Lopez (Basel II / CRD, GRC and Risk Management Services Leader with PwC Luxembourg), was designed to provide practical answers to the questions that many institutions face as they respond to the changing environment.

2010-03-04 / PRiM Conference 22nd March: Liquidity Risk Management in Luxembourg

PRiM is pleased to invite you to a tour of the current regulatory developments and prospective implications for Luxembourg financial institutions, reflecting on the potentially looming adjustments to your existing infrastructure while keeping in mind the principle of proportionality. Using precise and straight-forward examples, a step-by-step process to establishing a Liquidity (Risk) Management framework compliant with local regulation will be presented.

Date : 22nd March 2010

Time : 12h15 - 14h00

Venue : Hilton Luxembourg

For further information on the event and registration details please see attached document.

2010-02-16 / ISACA/IIA CONFERENCE: March 5th "Auditing System Conversion"

ISACA Luxembourg and IIA Luxembourg are pleased to invite you to their conference-lunch regarding “Auditing System Conversion”.

The speaker will be Mr. Roland BASTIN, Partner of Deloitte, Enterprise Risk Services. The conference-lunch will take place on March 5, 2010 from 11.30-14.00 at Hotel Hilton in Luxembourg - Dommeldange.
For a full program and registration information please open the attachment.

An invoice will be sent on receipt of registration, which will be definite on receipt of full payment.

Cancellation will only be accepted if received 72 hours before the conference at the latest. Thereafter a 100% cancellation fee will be applied. Cancellation request must be made in writing and must be sent by email to iialux@pt.lu. However you may transfer your registration to another member of your company.

2010-01-28 / 02-02-2010 Invitation from LIGFI

2010-01-15 / REMINDER : ALFI & PRiM Risk Management Conference - EARLY BIRD - MEMBER RATES

2010-01-12 / Invitation from LIGFI

2009-12-29 / Happy New Year to all our members and friends!

2009-12-17 / 22-12-2009: Invitation from LIGFI

The Luxembourg Institute for Global Financial Integrity (LIGFI) is pleased to invite you to their Monthly Lunch on December 22nd.

The speaker will be Mr. Yves Mersch, Governor of the Luxembourg Central Bank, who will be speaking on “Ethical and socially responsible finance”.

Please see the attached invitation card for registration details and further infomration on the event.

PRiM Secretariat

2009-12-17 / AGM 2009

The PRiM AGM 2009 took place on December 16th at midday as planned. The minutes of the meeting, together with copies of the association's audited annual accounts for 2008, are available for members via the Members' Log-in section on the home page (password communicated at the time of your membership renewal). The documents can be found under the rubrique "Members' Documents / Resources / Category: "AGM Documents" &  "Audited Financial Statements" 

PRiM Secretariat

2009-12-08 / Invitation - conference ALCO - IIA

2009-11-27 / PRiM Scholarships - Call for Candidates

As a means of encouraging and supporting future risk managers, PRiM is awarding two scholarships to students of risk management. The value of each scholarship is € 3,000. One scholarship is for students of the Luxembourg School of Finance (LSF); the other scholarship is for the PRiM/IFBL course Training in Financial Risk Management, which is taught every year by Professors Hübner and Jorion. The scholarships will be granted on a competitive basis. People applying for the scholarship should submit an essay on the following topic:

Although it is likely that major financial service providers faced with serious financial difficulties over the past two years had highly qualified risk managers, the fate they suffered raises many issues regarding the effectiveness of risk management today. What practical changes should be considered within the profession in order to reduce the likelihood of similar problems recurring?

Essays should be submitted as MS-Word documents written in English, containing a maximum of 2,000 words. All essays must be received by PRiM before midnight on January 29th, 2010. Please submit your essay to: info@prim.lu In the "Subject" line of your E-mail, please mention "PRiM Scholarship".

The essays will be judged by the PRiM Board of Directors and (for
the LSF scholarship) by the LSF faculty. There are no residence limitations for the PRiM/IFBL scholarship, but for the LSF scholarship, residents must come from the 'Grande Région'. 

2009-11-11 /

2009-10-02 / Publication of the PRiM Risk Newsletter No 19 - Pricing Risk

Dear all,

PRiM is pleased to announce the publication of our latest newsletter on Pricing Risk.

Pricing risk is not very problematic, if a fund is only pricing liquid securities that are listed on a major stock exchange in normal market conditions. Since the implementation of UCITS III, however, funds increasingly invest in financial instruments that are traded outside of exchanges (i.e., over the counter, OTC), which has resulted in higher levels of pricing risk. This trend appears to pose a significant challenge for fund managers, fund administrators and custodians, as well as for regulators. While the financial crisis has ruined the appetite of some fund managers and investors for exotic assets, others continue to search for new types of instruments, the risks of which may not be completely known. New instrument types or even known instruments that are not well defined or understood and illiquid assets (such as private equity or real estate) can lead to major issues in pricing. The question then arises, who accepts the responsibility for resolving such issues effectively?

To view the newsletter, please follow this link or visit our website www.prim.lu / Newsletters

Paul Kleinbart, Editor

2009-10-01 / OCT 21: Invitation

Les membres de PRiM sont cordialement invités à une conférence organisée par ALAC (www.alac.lu). Cette conférence sera tenue par Monsieur Jean-François CHAMPIGNY, Senior Manager auprès de PricewaterhouseCoopers – Corporate Finance, et portera sur le sujet: "La valorisation des fonds structurés", suivi d'un verre d'amitié.

Cette conférence est ouverte à toute personne intéressée par le sujet: nos membres sont invités à confirmer leur participation au plus tard mercredi, le 14 octobre 2009, par fax adressé au n° 49 49 07 ou par e-mail envoyé à claudine.gilles@igss.etat.lu.

PRiM Secretariat

2009-09-04 / Training in Financial Risk Management

REPEAT MESSAGE - due to technical problems not all our members received this message yesterday. Apologies to those who receive it more than once.

Dear all,

You may remember that in June 2008 PRiM and IFBL signed a partnership agreement whose major objective is to develop, coordinate and promote training activities in the field of risk management.

Long before this official recognition of a successful collaboration, a very high quality annual training course has been proposed, featuring two eminent guest lecturers, Professor Philippe Jorion and Professor Georges Hübner in direct preparation for the GARP FRM examination.

The 2009 edition of this programme has been launched and the courses will start early in October according to the following schedule:

Preparation workshops with Professor Hübner:

October 5 - 7:   FRM Mathematics, Probabilities and Statistics
October 8 - 9:   FRM Review on Capital Markets

FRM seminar with Professor Jorion:

October 12 - 16:   Mastering Advanced Techniques and Complex Issues in Financial Risk Management

The president and board of PRiM warmly encourage PRiM members to join this highly recommended programme. In these difficult times where efficient risk management is a major asset for the survival of a company, well-trained staff are especially valuable.

The courses are open for bookings until 11 September 2009. Don’t miss the opportunity to learn from two exceptional lecturers!

Should you need further information about this please contact IFBL at customer@ifbl.lu.

The board of PRiM

2009-09-01 / 2009-09-21 - IIA Conference - Transforming Internal Audit

Please see the invitation to the above event on our website. Link

The purpose of this conference is to share with the audience some emerging internal audit trends and to provide insights on how leading internal audit functions position themselves to achieve optimal internal audit performance, today and in the future.

PRiM Secretariat

2009-06-04 / JUNE 16-17 2009: 12th European Captive Rendezvous

FINAL REMINDER FOR THOSE STILL WISHING TO REGISTER!

This year PRIM is supporting the 12th European Captive Rendezvous. The rendezvous celebrating its 25th year is the largest alternative insurance conference in Europe. The conference, hosted by the Risk and Insurance Research Group (RIRG) brings together the leading experts in the alternative insurance field providing delegates with expert opinion on a wide range of topics to both enhance and educate.

The ‘European Captive Rendezvous - Luxembourg’ will be held at the LuxExpo Exhibition and Congress Center in Luxembourg, 16-17 June 2009. Discounts for PRiM members.

See details of registration for the event in the attached document.

PRiM Secretariat

2009-05-26 / Save the Date - Microfinance - November 2009

ATTF, ADA and PRiM are proud to announce the hosting of the second edition of the workshop dedicated to Risk Management in leading Microfinance Institutions.

This prominent event will take place in Luxembourg from November 18 to 23, 2009 (4.5 days), and has been specially designed for high level managers of MFIs which are about to create or have already created their own Risk Management Department

2009-05-26 / JUNE 9th - CONFERENCE (en français)

L'avenir appartiendrait-il à ceux qui adhèrent aux réseaux ? Virtuels ou réels, sociaux ou professionnels, comment trouver celui qui convient ?

Au Grand-Duché comme ailleurs, les réseaux sont devenus un outil essentiel de prospection, de partage et d'échange. C'est pourquoi le réseau Spiral encourage les initiatives de création de réseaux professionnels. Leurs succès reflètent le besoin des acteurs de se fédérer entre eux pour discuter, échanger, trouver des synergies, susciter des initiatives, définir leurs métiers ou encore s'impliquer dans l'innovation liée à leur profession. Ces réseaux sont des leviers insoupconnés en ces temps de crise.

2009-05-08 / MAY 14th - Conference (en français)

Dear all,

Some members may recall that a few years ago PRiM held a joint conference with ATEL on Climate Change and Emissions Trading. The guest speaker at the first half of the event was the explorer Alain Hubert who gave fascinating insight into his work in the Antarctic.

PRiM has been informed that Alain Hubert is returning to talk about his continuing work in Arlon (Belgique). Although not strictly a risk event, we thought this might be of interest to members. Details are attached.

Kind regards,

PRiM Secretariat

Link to website

**Please remember - keep your e-mail and postal mailing address up-to-date in your member records. Both get used from time-to-time**

2009-05-05 / MAY 19th - Cocktail-Conférence avec la Chambre Française de Commerce et d’industrie au Luxembourg

Please see attached invitation (événement en français).

The event is free of charge, but participation is by completion of the attached and e-mail to: la Chambre Française de Commerce et d’industrie au Luxembourg

Monsieur Paul HUBERLANT, Directeur – COFACE Luxembourg, première agence européenne de
notation, nous fera le plaisir de nous présenter :

« Les agences de notation sous surveillance »

La présentation s'articule sur les sous‐thèmes suivants:

• L'industrie de la notation
• Ce qui a mal tourné avec les notations ?
• Le débat est ouvert sur les agences de notations
• La notation Coface
• Perspectives réglementaires européennes

2009-04-21 / UPDATE! ISLAMIC FINANCE CONFERENCE - May 5th & 6th 2009

ISLAMIC FINANCE AND FUNDS IN LUXEMBOURG:Opportunities and Challenges

This conference, organised with the kind support of the Ministry of Finance, organised by the IFBL, with the technical expertise of the University of Reading in cooperation with LuxembourgforFinance, ALFI and PRiM is FULLY SUBSCRIBED. There is a waiting list for those who wish to attend, though there are no guarantees of any extra places at this stage. If you have already booked but will probably be unable to attend, please advise the IFBL who can then release the space for someone else.

Thank you in advance.

Further information is available on the IFBL website (www.ifbl.lu)

2009-04-02 / Changing e-mail address? Keep in touch!

If your e-mail address is changing, please REMEMBER TO UPDATE your records. Paid-up members can do this via the members-only section, whereas general mailing list members need to resubscribe with the new address.

Several institutions are renaming their domains - so we receive many notifications of impending changes. Once the address is no longer effective, we will have no way of contacting you electronically.

Thank you!

2009-02-19 / 16MAR2009: Conférence ALAC (en français)

Please see information on a conference organised by ALAC. Intending participants are requested to confirm in advance.

Kind regards,

PRiM Secretariat

2009-02-18 / Conference - March 10th 2009: Shaping the Future of Regulation

Conference - March 10th 2009: Shaping the Future of Regulation

The Financial Services Committee of AMCHAM and the Luxembourg Association for Risk Management Professionals (PRiM) are jointly organizing a top class seminar on the subject of "Shaping the Future of Regulation"

Date: March 10, 2009
Time: 18:00 at
Venue: BGL Societé Anonyme, 50, Ave. J.F. Kennedy, L-2951 Luxembourg
Cost: Free to PRiM members

Speakers include Mr. Yves Mersch, Governor of the Banque Centrale du Luxembourg; Sir Michael Rake, Chairman, British Telecom; Ms. Ieke van den Burg, MEP, European Parliament; Dr. Jon Danielsson, Reader in Finance, London School of Economics, and Mr. Jean-Marc Goy, Counselor to the Director General, CSSF.

If you would like to sign up for this seminar, please send an email to: parra@amcham.lu

Click here for further information

2009-02-02 / 10FEB2009: Conférence ALAC (en français)

Please see information on a conference organised by ALAC. Intending participants are requested to confirm in advance.

Kind regards,

PRiM Secretariat

2009-02-02 / 10 MARCH 2009: AMCHAM-PRiM Conference

The Financial Services Committee of AMCHAM and PRIM are jointly organising a top class seminar on the subject of "Shaping the Future Regulation".  You will see from the attached programme that we have high level and prestigious speakers from across Europe and from the corporate, regulatory and EU world.  Please save the date and register asap by emailing directly to parra@amcham.lu as the number of seats will be limited.

Cost: Free to AMCHAM & PRiM members, €25 to non-members

2009-01-02 / Happy New Year!

2008-11-14 / RAPPEL: NOVEMBER 24TH: Joint Conference with ALAC (in French)

Conférence en français:

Pour celles & ceux qui ne l'ont pas encore fait, veuillez confirmer votre participation (gratuite) en envoyant un message à:

24NOVCONF@prim.lu

Merci

Date:  November 24th 2008
Heure: 18h15
Lieu: Hilton Hotel, Luxembourg

ALAC, the Luxembourg Actuaries Association, and PRiM are together holding a conference on personal insurance fraud. The speaker, an eminent and entertaining speaker who is an honorary divisional commissioner of the French police, will be addressing the conference in French. Monsieur Gérard VOILQUE has worked both within the police services and public security functions. He has been a police attaché at the French Embassies in the Cameroons, Niger et Marocco. In 2001 he joined the re-insurer SCOR VIE as an anti-fraud advisor. He is currently responsible for anti-fraud et anti-money laundering services at SCOR Global Life.

2008-11-10 / Reminder

Please confirm your attendance, if you have not done so already by replying to the e-mail addresses below as appropriate:

Attendance at AGM only: 13NOV08AGMONLY@prim.lu

Attendance at Conference only:  13NOV08CONFONLY@prim.lu

Attendance at both events:  13NOV08BOTH@prim.lu

Kind regards,

PRiM Secretariat

2008-11-05 / 13NOV08 - Reminder

This is reminder of PRiM's AGM that is taking place on November 13th at 17:30, followed at 18h30 by a Conference on 'Large Exposures' and Networking cocktail(see our site for full details ( http://www.prim.lu/news.php ):

Please confirm your attendance, if you have not done so already by replying to the e-mail addresses below as appropriate:

Attendance at AGM only: 13NOV08AGMONLY@prim.lu

Attendance at Conference only:  13NOV08CONFONLY@prim.lu

Attendance at both events:  13NOV08BOTH@prim.lu

Kind regards,

PRiM Secretariat

2008-10-22 / NOVEMBER 13TH: PRiM AGM & CONFERENCE

In these times of important turmoil on the financial markets where all the Risk Managers of the banking sector are heavily called upon, PRIM is pleased to invite its members to its Annual General Meeting. This event will be a good opportunity to look back at the last 12 months, share experiences and views among professionals and discuss the projects of the association for the upcoming year, in a warm and friendly atmosphere.

CONFERENCE & COCKTAIL

The AGM will be followed by a conference open to all members on Large Exposures. Michel Dorval of Thomson Reuters Risk Management will address the concerns of Large Exposures. He will cover recent initiatives to review the large exposures part from the CRD directive and will share items like the current supervision and market practices, the alignment with Basel II and current topics of discussion such as intra-group exposure limits.

This conference is free to members and non-members.

Please see attached for me details.

2008-10-15 / NOVEMBER 24TH: Joint Conference with ALAC (in French)

ALAC, the Luxembourg Actuaries Association, and PRiM are together holding a conference on personal insurance fraud. The speaker, an eminent and entertaining speaker who is an honorary divisional commissioner of the French police, will be addressing the conference in French. Monsieur Gérard VOILQUE has worked both within the police services and public security functions. He has been a police attaché at the French Embassies in the Cameroons, Niger et Marocco. In 2001 he joined the re-insurer SCOR VIE as an anti-fraud advisor. He is currently responsible for anti-fraud et anti-money laundering services at SCOR Global Life.

Date:  November 24th 2008
Time: 18h15
Venue: Hilton Hotel, Luxembourg

The event is sponsored by ALAC and by PRiM and is therefore free of charge. The number of places is limited.

2008-10-02 / Capital Requirements Directive

Dear all,

A conference is to be held (in French) on October 21st to cover the CRD and the following questions:

• Révision de la directive CRD : quels enjeux pour les banques de la place luxembourgeoise ?
• Neuf mois d’application du COReP : quelles leçons en tirer ?
• Implémentation de l’ICAAP : soyez prêt pour l’échéance 2009
• Quel contrôle de la CSSF ?
• Comparez le pilier III et IFRS 7

For all those interested in registering (for which PRiM members can obtain a 15% discount), please see our website for further details:

http://www.prim.lu/conferences.php

PRiM Secretariat

2008-09-19 / OCTOBER 13TH: How will the current market turbulences impact the use of VaR ?

The current turmoil has taken its toll on some of the most prestigious financial institutions. After years of balance sheet expansion on the one hand and of massive investment in VaR based measurement tools on the other hand, have the VaR concept, its calculation and the way it is used led financial institutions to excessive level of comfort? Professor Philippe Jorion and Mr. Con Keating will debate this question.

This conference will be of interest not only to the risk management community, but to anyone involved in the assessment, supervision and management of financial risk. It is a highly topical question facing board directors, senior executives and investors alike at a time when calculation of risk positions is proving critical to survival. This is an opportunity to hear two highly respected individuals debate a topic relevant to us all.

Date: October 13, 2008 from 17:30 to 19:00 (followed by a cocktail)
Venue: Centre de Conférence, Chambre de Commerce, Luxembourg-Kirchberg

This event is free of charge

REGISTRATION DETAILS ATTACHED

2008-09-19 / A DATE FOR THE DIARY: NOVEMBER 13TH

The 2008 Annual General Meeting is scheduled to take place on Thursday November 13th 2008. Although the AGM is for paid-up members only, it will be followed by a public conference on Large Exposures.

Further details will follow shortly.

PRiM Secretariat

2008-09-01 / Thierry LOPEZ joins PRiM Board

2008-09-01 / Microfinance & Risk Management UPDATE

Dear all,

Attached is the invitation being issued to all interested microfinance institutions for the training week, Risk Management Excellence in Microfinance, co-organised by the ATTF, ADA and PRiM. The event takes place in November (17th - 21st).

PRiM Secretariat

2008-06-30 / PRiM Risk Newsletter No 14 - INFORMATION RISK

2008-06-30 / MICROFINANCE - SAVE THE DATE!

Further to our message dated May 15th seeking interested parties in assisting in the microfinance risk management training and coaching initiative currently under way jointly between the ATTF, ADA and PRiM, we are now pleased to confirm the plans for the training week for Microfinance Institutions in November 2008.

Initial respondees should have received an acknowledgement of their interest from the ATTF and as the training plans are finalised, the ATTF will be contacting individuals further in the light of their experience and relevance to the project.

Anyone interested who has not yet given a formal notice of interest is still able to contact the ATTF and register via microfinance@prim.lu

Thank you
PRiM Secretariat

2008-06-30 / People Risk Conference Press Release

2008-06-18 / FINAL REMINDER - People Risk Half-Day Conference - WEDNESDAY JUNE 25th

Full details on the PRiM website: link

Registration for this event is through PRiM at peoplerisk@prim.lu.

PRiM Secretariat

2008-06-14 / PRiM appoints a new board member

PRiM is pleased to anounce the appointment of Luc Neuberg, Head of Risk Management, Lux Investment Advisors, Luxembourg, to membership of the board.

Since 2006, Luc Neuberg has been Head of Risk Management of LIA, the Management Company created by the BCEE, La Luxembourgeoise and Banque Raiffeisen. Before joining LIA he was Managing Director of Fortis Investment Luxembourg, as well as Head of Risk Management for Fortis Multi Management. Prior to this, he was a member of the MeesPierson Global Investment Process Committee, responsible for optimizations and financial risk control. He is involved in different researches and courses with the University of Grenoble and the University of Nancy.  He also belongs to the ALFI Investment Risk Management working group, and teaches some IFBL Risk Management courses. It is through this latter activity that Luc has been in active contact with the PRiM working group on training and will also join our "Cercle de Qualité" being created to support the work that PRiM is undertaking with the IFBL on risk management training courses.

Luc Neuberg holds a PhD in Management Sciences from the University of Namur (FUNDP) and a Civil Engineer degree from the University of Liège

We are delighted that Luc is joining us and look forward to his active contribution to the continuing development of PRiM.

2008-06-09 / REMINDER - JUNE 25TH - PEOPLE RISK CONFERENCE

JUNE 25th 2008 - PEOPLE RISK CONFERENCE
Designed to attract senior business management, risk professionals and human resources specialists, this is a unique look at the all-too-human risks that businesses face but which are so often placed behind other operational risks such as systems and processes. With speakers covering recruitment risk, personal health risk, fraud and the people risk aspect of change management, the conference will also be addressed by Minister François Biltgen, Ministre de la Culture, de l’Enseignement supérieur et de la Recherche. The event will also include a panel discussion with local specialists covering this broad range of subjects, chaired by John Li, Chairman of KPMG, Luxembourg.

CHAMBRE DE COMMERCE, 7 rue Alcide de Gasperi, L-2981 Luxembourg
Time: 09:00 - 14:00 (includes cocktail & buffet lunch)
Registration by e-mail: peopleriskconference@prim.lu

2008-06-09 / JUNE 19 - CONFERENCE DE PRESSE - IFBL-PRiM

INVITATION TO PRESS CONFERENCE FROM IFBL & PRiM (EVENT IN FRENCH)

La gestion des risques est probablement plus que jamais un sujet de grande actualité dans le monde des finances. Que peuvent faire les établissements financiers afin de se munir contre les différents types de risques qu’ils courent au niveau de des marchés, de l’opérationnel, des crédits etc.?

Dans ce contexte, l’IFBL collabore avec l’Association des Professionnels du Risk Management, PRiM afin d’offrir et de développer des formations de haut niveau dans cette matière. Aujourd’hui, IFBL et PRiM souhaitent formaliser et élargir cette collaboration en signant un accord de partenariat destiné à encadrer les projets de formation dans le futur.

Voir fichier ci-joint pour plus de détails.

2008-05-23 / June 2008 is a BUMPER MONTH for Risk Events!

Dear all,

June is a month with many exciting opportunities to further our risk awareness and understanding, with a mix of conferences and training sessinos that will be rich in experience! We would therefore like to remind you to register for the events in good time - and to take the opportunity to network with other members.

The second half of 2008 looks like being no less active and we keen to offer a broad range of events to cover all tastes, culminating in our AGM whhich will probably be a networking event in November.

The June events are:

JUNE 4th 2008 - JOINT CONFERENCE WITH AMCHAM "Credit Rating Agencies: Meeting the needs of the market?"
Fortis Banque Luxembourg (head office),5th Floor Conference Room, 50 av JF Kennedy, Luxembourg-Kirchberg. (parking visiteurs)
Time: 18:30 - 20:00 followed by a cocktail reception
To register, please sign up to the event at www.amcham.lu

JUNE 10th 2008 - MASTERCLASS "WINNING OVER INTERNAL CUSTOMERS"
This masterclass has been highly successful in a broad range of contexts and will be run by Hamish Taylor. Described by “The Times” as having a CV that “takes some beating”, Hamish addressed the PRiM10th Anniversary celebrations in 2007 and received warm feedback from that event. With experiences spanning roles as Brand Manager at Procter & Gamble, consultant at PriceWaterhouse, Head of Brand Management at British Airways, Chief Executive of Eurostar and then Chief Executive of Sainsburys Bank, Hamish drove significant growth by changing the brand propositions and operating models away from the traditional industry approaches.
Sofitel, Luxembourg-Kirchberg
Time: 09:00 - 17:00 (Lunch & Refreshments included)
Registration by e-mail: masterclass@prim.lu

JUNE 17th 2008 - IBF CONFERENCE "Key factors for successful Asset Allocation"
Prof. Dr. Kempf, from the Centre for Financial Research of Cologne, is head of the leading German institute for asset management and risk management research.

Conference Center of HVB Luxembourg, 10 rue Jean Monnet, Luxembourg-Kirchberg
Time: 16:00 - 17:30 followed by a cocktail reception
Registration by e-mail to ibf@pt.lu

JUNE 25th 2008 - PEOPLE RISK CONFERENCE
Designed to attract senior business management, risk professionals and human resources specialists, this is a unique look at the all-too-human risks that businesses face but which are so often placed behind other operational risks such as systems and processes. With speakers covering recruitment risk, personal health risk, fraud and the people risk aspect of change management, the conference will also be addressed by Minister François Biltgen, Ministre de la Culture, de l’Enseignement supérieur et de la Recherche. The event will also include a panel discussion with local specialists covering this broad range of subjects, chaired by John Li, Chairman of KPMG, Luxembourg.

CHAMBRE DE COMMERCE, 7 rue Alcide de Gasperi, L-2981 Luxembourg
Time: 09:00 - 14:00 (includes cocktail & buffet lunch)
Registration by e-mail: peopleriskconference@prim.lu

After all this, we wish you a good summer break and will see you again later in the year!

PRiM Secretariat

2008-05-21 / Conference IBF - JUNE 17th - Asset Allocation

The IBF invites PRiM members to their next conference on June 17th,  from 16:00 - 17;30, followed by a cocktail reception.
Prof. Dr. Kempf from the Centre for Financial Research of the Cologne University will be speaking on "Key factors for successfull Asset Allocation".

Prof. Kempf is head of the leading German institute for asset management and risk management research. You will find more information under www.cfr-cologne.de or www.wiso.uni-koeln.de/finanzierung/

2008-05-19 / PEOPLE RISK - Major Half-Day Conference - JUNE 25TH 2008

PRiM is pleased to announce, together with Hudson - Luxembourg and the Personnel Officers' Group, Luxembourg (POG), a half-day conference on the theme of people risk.

Designed to attract senior management, risk professionals and human resources specialists, this is a unique look at the risks all businesses face but which is so often placed behind other operational risks such as systems and processes. With speakers covering recruitment risk, personal health risk, fraud and the people risk aspect of change management, the conference will be addressed by Minister François Biltgen, Ministre de la Culture, de l’Enseignement supérieur et de la Recherche. The event will also include a panel discussion with local specialists covering this broad range of subjects, chaired by John Li, Chairman of KPMG, Luxembourg.

For full details of the agenda, speakers and how to register, please visit our website at this link (http://www.prim.lu/conferences.php).

Registration for this event is through PRiM at peoplerisk@prim.lu. 

2008-05-18 / Microfinance & Risk Management - an opportunity

Dear Members and Friends,

Attached is a briefing document on the major risk managment initiative being promoted in accordance with governmental priorities by the ATTF, who have called upon PRiM to provide support and assistance.

There is a clear need in terms of risk management from many strongly-growing microfinance institutions (MFIs) and this programme is designed to assist with those needs. A serious programme is being developed which needs experienced risk managers willing to share their time and knowledge with these institutions. To date, only a small number of members has stepped forward to assist, but the effectiveness of this initiative depends upon the vital support of members of Luxembourg risk management functions.

You are therefore invited to contact either Michael May at PRiM or Joséé Thyes at the ATTF if you interested in understanding how you can help in the future. The personal experience of sharing knowledge in the context of helping a key sector for assisting those is developing countries will be highly satisfying.

The attached briefing document provides further information on this initiative and its future goals.

Thank you in advance for your interest and support.

PRiM Secretariat

2008-05-16 / REMINDER - June 4th -

Remember the upcoming event "Credit Rating Agencies: Meeting the needs of the market?" on Wednesday 4 June 2008 at 18:00, followed, at 20:00, by a drinks reception.

Location:    Fortis Banque Luxembourg (head office)
                    5th Floor Conference Room,
                    50 av JF Kennedy, Luxembourg-Kirchberg. (parking visiteurs)

- Are credit rating agencies meeting the needs of bond market participants?
- Is there a need for regulation?
- How can credit rating agencies communicate better with users?
- The role of credit rating agencies in the recent credit market turmoil

As numbers are limited, places must be booked in advance and will be allocated on a first come, first served basis.
To register, please sign up to the event at www.amcham.lu

See link for further details

2008-05-08 / Reminder - Conference "Avian Flu & Pandemics: What is your Preparedness?"

For those who will be in Brussels, remember next week's conference  "Avian Flu & Pandemics:  What is your Preparedness?" - A BELRIM conference together with PRiM

Venue: Grand Auditorium, ING Belgium, Avenue Marnixlaan 24 - 1000 Brussels
Date:  May 14th, 2008
Time:  14:00 - 17:00
(See website for full details: link)

In order to assist with numbers, please would you confirm if you intend to be present to laurent.nihoul@ethias.be  from the PRiM board of driectors and who will be attending this event.

PRiM Secretariat

2008-05-08 / Invitation from the CCAB, Luxembourg

The Consultative Committee of Accountancy Bodies in Luxembourg, together with the European Court of Auditors has issued an invitation to PRiM members to an event to be held at the Coque on Thursday, May 22, 2008 @ 08:30.

The CCAB has created an extensive program that provides a unique opportunity for attendees to consider the expectation placed on auditors, on the eve of implementation of the new Eighth Directive. Speakers will cover the key points of view. Philip Johnson will examine the inherent limitations of the audit process, while Jonathan Hayward will argue that auditors need to tackle the expectations gap by delivering more. Saskia Slomp will look at the demands placed upon private firms working for the Commission. A fourth speaker, John Paul Greischer of the PCAOB will bring an American perspective to the discussion and look at the impact of Sarbanes-Oxley.

The morning session will conclude with a panel discussion.

The lunchtime speaker will be Steve Freer, Chief Executive of CIPFA, who will look at Reforming Financial Management in the Public Sector

The cost of the seminar is EUR 80, including breakfast and lunch. Please arrange for payment in advance via bank transfer to Dexia BIL IBAN LU56 0024 1398 5698 8300, in the name of CCAB Luxembourg A.s.b.l. Please indicate reference: CCAB PPU May 2008 <your name>

2008-04-28 / JUNE 4th 2008: CONFERENCE - CREDIT RATING AGENCIES

PRiM is pleased to invite you to a conference that we are holding jointly with AMCHAM - "Credit Rating Agencies: Meeting the needs of the market?"
Date:            Wednesday 4 June 2008
                     18:00 - 18:30 Registration
                     18:30 - 20:00 Presentation and discussion
                     20:00 Drinks reception
Location:    Fortis Banque Luxembourg (head office)
                    5th Floor Conference Room,
                    50 av JF Kennedy, Luxembourg-Kirchberg. (parking visiteurs)

- Are credit rating agencies meeting the needs of bond market participants?
- Is there a need for regulation?
- How can credit rating agencies communicate better with users?
- The role of credit rating agencies in the recent credit market turmoil

As numbers are limited, places must be booked in advance and will be allocated on a first come, first served basis. To register, please sign up to the event at www.amcham.lu

See link for further details

2008-04-28 / LUXEMBOURG MASTERCLASS FOR RISK PROFESSIONALS

PRiM is pleased to invite you to a Luxembourg Masterclass "Winning Over Internal Customers", a unique and challenging re-evaluation of the way Risk, Compliance, Audit and other risk management teams can create impact with their internal customers.

DATE:      June 10th 2008, from 09:00 - 17:00
                 (Lunch & Refreshments included)
VENUE:  Sofitel Hotel, Luxembourg-Kirchberg
COST:     €500 per person
                 PRiM & IIA members : €400

REGISTRATION DEADLINE: May 31st 2008
Send registration requests to: masterclass@prim.lu (payment details will be communicated separately)

2008-04-28 / OCTOBER 2008: RISK MANAGEMENT TRAINING

PRiM is pleased to announce the seventh edition of the annual IFBL "International Training in Financial Risk Management", organised in collaboration with PRiM. As for the previous years, this high-level training event will be composed of two optional sessions:

Preparation session
6 – 10 October 2008
Quantitative Seminar by Prof. Georges Hübner

Principal session
13 – 17 October 2008
Financial Risk Management by Prof. Philippe Jorion

The training will be given in English and the participation is open to an international audience. PRiM members are eligible for a discount of fees.

Please see the attached brochure for further details. Registration is to be made by sending the enclosed application form before 1st September 2008 by mail or by fax to: IFBL, 7, rue Alcide de Gasperi,  L-1615 Luxembourg ı Fax: 46 50 19 ı E-mail: customer@ifbl

2008-04-07 / Slides from today's conference

Dear all,

The slides from today's conference on ICAAP can now be found on the PRiM website:

http://www.prim.lu/docs/conferences/2008-04-07_ICAAP%20Conference%20Slides.pdf

With kind regards, PRiM Secretariat

2008-04-01 / Reminders - conference

This is a reminder to all members that next week is a particularly active conference week, with PRiM organising or co-organising 3 events:

• April 7th 2008: ICAAP and CSSF Circular 07/301: the framework, the expectations, the impacts and the lessons learned
• April 9th - 11th: Risk Management Workshop & Conference
• April 10th 2008: Climate Change, Financial Threats & Opportunities

Full details of how to register on our website for this and all other conferences: http://www.prim.lu/conferences.php

2008-03-30 / Conference Invitations for PRiM members

PRiM members have received invitations to two more conferences in April, full details of which can be found on our website:

APRIL 9th: Public Research Centre Henri Tudor - Banking SPICE launch
APRIL 16th: International Banking Forum - "Offshoring Investor Services"

For futher details, please visit: 
http://www.prim.lu/conferences.php

2008-03-29 / CONFERENCE MAY 14th 2008 - AVIAN FLU & PANDEMICS

PRiM is pleased to invite you to an event which is organised by BELRIM, the Belgian Risk Management Associaiton in association with PRiM.

"Avian Flu & Pandemics:  What is your Preparedness?" - A BELRIM conference together with PRiM

Venue: Grand Auditorium, ING Belgium, Avenue Marnixlaan 24 - 1000 Brussels
Date:  May 14th, 2008
Time:  14:00 - 17:00

2008-03-27 / Reminder: APRIL 7th - ICAAP CONFERENCE

The conference panel has been finalised,so here are the full details of the event - we look forward to seeing you there.

2008-03-17 / Conference: APRIL 10th 2008 - Climate Change, Financial Threats & Opportunities

PRiM is delighted to join with ATEL, the Luxembourg Association of Corporate Treasurers ( www.atel.lu ), in inviting you to a conference on April 10th.

Venue:  Hotel Hilton, rue Jean Engling, Luxembourg
Date: Thursday, April 10th 2008
Time: 18:30, followed by a cocktail at 19:45

The conference will address questions such as "Global Warming - Challenges and Opportunities Opportunities", "Ignoring Weather Risks is no longer an Option" and "What is your company’s carbon footprint? How to become CO2 neutral?". Speakers are Mr. Hugo Ferreira (Directeur Général Adjoint, Compagnie Benjamin de Rothschild), Mr. Jean-Louis Bertrand (Professor of Finance, Ecole Supérieure des Sciences Commerciales d’Angers (ESSCA)) and Mr. Tanguy du Monceau (Director & cofounder of CO2logic)

Invitiation attached for those wishing to confirm participations, which are being co-ordinated by ATEL.

With kind regards,
PRiM Secretariat

2008-03-10 / CONFERENCE INVITATION: APRIL 7th 2008

PRiM is pleased to invite you to a conference on ICAAP and CSSF Circular 07/301.

The subject will be introduced by Martin Clark, Director, avantage Capita Limited and Martin Flaunet, Partner, Deloitte who will share the key highlights of the new framework and its impacts on banks in Luxembourg. They will then moderate a panel of Luxembourg Bankers who will be sharing some of their lessons learned and answer to questions raised by the audience.

More details about the panel members will be available soon.

Venue: Hilton Hotel, 12 rue Jean Engling, L-1466 Luxembourg

Please send inscriptions for the event to: conference@prim.lu

2008-03-02 / MARCH 18th: Conference Invitation from the International Bankers Forum

Please see the link on our website for more information:

http://www.prim.lu/conferences.php

2008-02-23 / Invitation from ALAC (conférence en français)

Le Conseil d’Administration de l’Association Luxembourgeoise des Actuaires (ALAC) a l’honneur de vous inviter à une conférence qu’il organisera mercredi, le 19 mars 2008 à 18h15 à l’hôtel Hilton12, rue Jean Engling, L-1466 Luxembourg. 

La conférence sera tenue par Monsieur Hervé BURGER, Administrateur délégué de Notz, Stucki Europe S.A. et responsable de l'analyse quantitative au sein du groupe Notz Stucki, et portera sur le sujet suivant : Hedge Funds : quelle performance pour quel risque, étude pratique de quelques stratégies. L’exposé sera suivi par un verre de l’amitié offert par l’Association.

Afin de nous permettre d’assurer la bonne organisation de cette manifestation, nous vous prions de bien vouloir confirmer votre participation au plus tard vendredi, le 14 mars 2008, par fax adressé au n° 49 49 07 ou par e-mail envoyé à claudine.gilles@igss.etat.lu. Cette conférence est ouverte à toute personne intéressée par le sujet. Veuillez juste nous communiquer les noms des participants.

2008-02-21 / The Capital markets and the recent market turmoil

The slides from Mr René Karsenti's presentation are now available from the web site, section 'Conferences" Link

PRiM Secretariat

2008-02-19 / PRiM Members' Discount: ALFI-GARP-PRiM Risk Management conference in April

2008-01-25 / UPDATE - Conference FEBRUARY 18th - The Capital markets and the recent market turmoil

In our recent communication, we advised the contact e-mail address to use in registering for the above conference (details). Unfortunately, we are advised this address is in the process of being decommissioned and so you may receive a 'return of mail' message. If you have not received a return of mail message your registration has been received (there have already been around 30 registrations).

For those still wishing to register, please would you use the following address instead: katharina.maxheim@foyerpatrimonium.com

Please note we have also published details of a conference in February from ALAC (« Le rôle de l’actuaire dans le cadre de Solvency II ») on our web site. Click here for details

2008-01-23 / Conference - FEBRUARY 18th

"The Capital markets and the recent market turmoil: the causes, the consequences, proposals for better market governance"

Speaker: Rene Karsenti, Executive Director of ICMA (International Capital Market Association) and previously a Director General of Finance at the EIB, Luxembourg

This is a joint conference organised by ALGAFI, PRiM and The Directors' Office

PLEASE SEE ATTACHED FOR MORE DETAIL

Registration: Please confirm your participation to

Venue: Fortis Banque Espace Royal-Monterey, 27 Avenue Notre-Dame.  (Entrance Boulevard Royal)
Time:  12:00

katharina.maxheim@foyerpatrimonium.com

2008-01-07 / PRiM and the International Bankers Forum

Cooperation between IBF Luxembourg and PRiM (Luxembourg Association for risk management Professionals)

We are pleased to announce that the Board of IBF Luxembourg and PRiM have decided to cooperate in the future. Our websites shall be cross linked and members of the respective organisations shall have the opportunity to join the events of the other organisation. We are also planning joint events.

In 1989, International Bankers Forum (IBF) Luxembourg was founded under Luxembourgish law as a non-profit organisation. At present IBF Luxembourg represents about 120 members from more than 50 different financial institutions and has established itself as a firm member of the financial centre of Luxembourg.

The statutory aim of International Bankers Forum is to strengthen the economic, social and personal contacts within its banking community. IBF addresses members of the managerial staff of international banks and other companies related to the financial sector. IBF Luxembourg especially aims to contribute towards the promotion and development of the financial centre of Luxembourg.

By organizing conferences and workshops as well as cultural events, IBF members shall learn about new developments in the banking and related financial sector as well as get into contact with each other. Networking in the community is one of IBFs major assets.

As both associations have the primary goal to provide a Luxembourg-based forum for networking and exchange of information between professionals of the financial centre, this cooperation should allow members of both associations to enhance their networking further and join other Luxembourg professional associations through conferences, joint working groups and other activities.

2008-01-02 / Happy New Year!

To all members and friends of PRiM:

We should like to wish you a happy and successful 2008. After a 2007 that has been full of drama, 2008 will certainly bring its own challenges and opportunities and PRiM is looking forward to making its own contribution to the Luxembourg financial sector.

Members should have received a message today with an automated membership invoice included, giving the new single annual subscription rate (€50) and details of where subscriptions are to be paid. We should be very grateful if you would arrange for your renewals to be paid promptly so we can minimise administration, as the association is run entirely by volunteers.

Please encourage any colleagues who are directly or indirectly involved in risk management-related work to join and participate actively in the life of the association. We also encourage you to distribute the PRiM Risk Newsletter widely (whether by simple e-mail or through your company's intranet) so that we reach as broad a cross-section of the financial centre as possible.

We look forward to meeting you at our events during the year, a number of which are in preparation by PRiM alone or with other Luxembourg associations.

The Board of PRiM

2007-11-28 / PRiM appoints new board members

2007-11-07 / PRiM RISK NEWSLETTER - invitation to members

Dear members,

The PRiM Risk Newsletter appears quarterly and is now approaching its 12th edition. Each edition takes a dominant theme led through a keynote interview and we aim to include a broad range of risk-related articles. All editions are on the PRiM website. Our next edition focuses on Investment Risk.

We are now looking to reinforce our small editorial panel and are constantly looking for contributors. Members interested in joining the panel and/or contributing (or even in suggesting suitable contributors or interviewees) are invited to contact the newsletter editor Paul Kleinbart (pkleinbart@fasttraining.eu).

2007-10-01 / CALLING ALL MEMBERS - Microfinance

Are you interested in participating in telephone interviews with microfinance institutions (“MFIs”), gathering information on their risk management training needs? If so, please read the attached file for more details…

2007-09-21 / Letter to Members and Friends of PRiM

Please see attached letter

2007-09-13 / Reminder - Financial Risk Management Training