12 March 2020

Conference on MANAGEMENT OF NON-FINANCIAL RISK with a focus on Risk Culture, Conduct Risk, Risk Appetite and Incentive Systems

Non-Financial Risk can be seen as an umbrella for the various categories of Operational Risk (such as cyber risk, conduct risk, model risk) and Reputational Risk, sometimes including Strategic and Business Risk as well.

At this conference researchers and practitioners (primarily from Europe) will discuss current research on the management of non-financial risk (with a focus on risk culture, conduct risk, risk appetite and incentive systems) and best practices of non-financial risk management.

Topics of interest include but are not limited to:

  • Approaches to non-financial risk management: one size fits all?
  • Role of risk culture, risk appetite and incentive systems for the management of non-financial risk
  • Non-quantifiability of probabilities and losses: implications for non-financial risk management
  • Key risk indicators as a prerequisite for non-financial risk management
  • Methods for assessing risk culture and risk appetite
  • Approaches for effectively changing risk culture
  • Triggering management actions by risk appetite statements
  • Risk appetite statements for key areas of non-financial risks (cyber risk, conduct risk etc.)
  • Financial incentives versus “social scoring”, sanctions versus rewards
  • The role of the regulator

We welcome both, academic and applied research.

Manuela Better, DekaBank
Prof. Dr. Dr. h. c. Günter Franke, University of Konstanz
Prof. Dr. Thomas Kaiser, Goethe University and KPMG
Dr. Wilfried Paus, Deutsche Bank
Dr. Thomas Poppensieker, McKinsey

If you wish to submit a paper, please email an abstract and the paper, if available, as separate PDF files to The deadline for submitting papers is December 15, 2019. Only electronic submissions will be considered. Acceptance to the program will be confirmed by January 10, 2020.

Travel expenses of speakers from academia within Europe will be covered upon request.

The conference fee is EUR 50 for academics and EUR 100 for practitioners, except for speakers.

Please note that registration for the conference will only start in January 2020 and will be announced by a separate mailing. We politely ask you to refrain from contacting us about registration at this point in time. For any questions regarding administration please contact the CFS Office ( Please direct other questions to the main conference organizer (




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