Workshop on Knowledge Representation and Information Management for Financial Risk Management

Conference Program

Wednesday, July 21, 2010

12:00 p.m. - 1:15 p.m. Buffet lunch and presentation

Acknowledgments: Introductions and thank-yous.

Louiqa Raschid (U. of Maryland) and Frank Olken (National Science Foundation)

The Context of the Workshop: A light introduction to why information management and knowledge representation matter for transparency, operational risk management, and systemic risk.

Mark Flood (U. of Maryland) and Pete Kyle (U. of Maryland)

1:15 p.m. - 1:45 p.m. Plenary session

What We Know Now: An inventory of some of the things we need, and the things that are currently in place for information management and knowledge representation, including financial standards and data modeling techniques

Mike Atkin (Enterprise Data Management Council) [PPT]

1:45 p.m. - 2:15 p.m. Plenary session

Information Modeling: Semantics, representation formats, and visualization tools in finance

Mike Bennett (Enterprise Data Management Council and Hypercube) [PPT] and Dave Raggett (W3C) [PDF]

2:15 p.m. - 2:30 p.m. Plenary session

Textual modeling: Integrating and reasoning over textual financial documents

Shiv Vaithyanathan (IBM) [VIDEO]

2:30 p.m. - 2:45 p.m. Break
2:45 p.m. - 3:15 p.m. Plenary session

Risk Management in the Small: Data requirements for firm-level risk management applications (including market, credit, liquidity, etc.); the connection between data management and operational risk.

Sumeet Malhotra (UNISYS) and Bill Nichols [PDF]

3:15 p.m. - 3:45 p.m. Plenary session

Risk Management in the Large: Data requirements for systemic risk monitoring; the outcome of the June CE-NIF workshop on systemic risk modeling.

John Liechty (Pennsylvania State U.) [PPT] and Alan King (IBM)

3:45 p.m. - 4:00 p.m. Break
4:00 p.m. - 4:30 p.m. Plenary session

Breakout Ground Rules: What we expect and hope for from the breakout sessions.

4:30 p.m. - 5:30 p.m. Breakout Sessions

Breakout Group 1: Information for risk management in the small

Sec'y: Dan Rosen (U. of Toronto, Fields Institute)

Breakout Group 2: Information for risk management in the large

Sec'y: Charles Taylor (Pew Trusts)

6:30 p.m. - 9:00 p.m. Dinner at Brasserie Beck

Thursday, July 22, 2010

8:45 a.m. - 9:30 a.m. Breakfast
9:30 a.m. - 11:00 a.m. Breakout Sessions

Breakout Group 3: Knowledge representation frameworks (ontologies, schemas, models, formal logics) to describe complex financial instruments

Sec'y: Andrea Cali (U. of Oxford)

Breakout Group 4: Managing risk models: schema mapping, data exchange, and model comparison and reliability

Sec'y: Dennis Shasha (New York U.)

11:00 a.m. - 11:15 a.m. Break
11:15 a.m. - 1:00 p.m. Breakout Sessions over Working Lunch

Breakout Group 5: Languages (operators and rules) for specifying constraints, mappings, and policies governing financial instruments

Sec'y: Leora Morgenstern (New York U.)

Breakout Group 6: Financial networks, agent-based simulation, and architectures for large-scale computation

Sec'y: Michael Wellman (U. of Michigan)

1:00 p.m. - 1:15 p.m. Break
1:15 p.m. - 2:45 p.m. Breakout Sessions

Breakout Group 7: Data integrity, data quality and operational risk

Sec'y: H. V. Jagadish (U. of Michigan)

Breakout Group 8: Privacy, confidentiality, security and trust in managing financial data

Sec'y: Benjamin Grosof (Vulcan Inc.)

2:45 p.m. - 3:00 p.m. Break
3:00 p.m. - 5:00 p.m. Plenary session

Summary of Breakout Sessions

6:30 p.m. - 8:00 p.m. Wine and cheese reception at the home of Pete and Katherine Kyle

Friday, July 23, 2010

9:00 a.m. - 12:00 p.m. Report-writing team only

Workshop Report Write-up