2019 Curriculum Theme
The Successful Integration of Risk Management in Public Treasury Management and Finance
*Faculty and speakers are being announced daily. Sessions, faculty, and speakers are subject to change.
Displaying all tracks and sessions
Day 1: Sunday, July 14
Registration
11:00 a.m.–2:00 p.m.
Session Description: Representatives will welcome participants and provide information and educational resources, as well as assistance with downloading the official NIPF app for use in live polling during course sessions.
Classroom/Location: Gullsway Patio
Welcome to the 2019 National Institute of Public Finance
2:00–2:45 p.m.
Session Description: Welcome and opening message from Andrew K. Benton, President, Pepperdine University; Deryck J. van Rensburg, Dean, Pepperdine University; Fiona Ma, California (Host) State Treasurer (California); and David Damschen, NIPF Co-Chair.
Faculty/Speakers:
Classroom/Location: Large Auditorium
Governance Part I—What are the Ideal Principles of Good Governance and Fiduciary Responsibility (I&P)
3:00–4:15 p.m.
Session Description: This session will focus on identifying the organizational goal, ideals of good governance, identifying challenges and issues, and how to navigate these areas. The session academic lead will introduce relevant research. An expert panel will discuss case studies and relevant best practices and challenges.
Faculty/Speakers:
Classroom/Location: Lecture Room LC150
Introduction to the Public Finance and Debt Management Track: The State of Public Finance (PFDM)
3:00–4:15 p.m.
Session Description: Treasurers and public finance experts will introduce the agenda for the track and discuss the scope of the municipal marketplace and the pressing current themes that shape the sector. Discussions will focus on significant issues facing public finance, in eluding liquidity, reporting and risk management, the current state of infrastructure policy and its consequences, the growing global influences of ESG, impact investing, and nontraditional investors.
Faculty/Speakers:
Treasurers’ Panel: Leadership Matters (ETM)
3:00–4:15 p.m.
Session Description: State treasurers will discuss examples of principles and processes followed in key decisions they have made over the last few years. Discussions will include: How do Treasurers and Senior Staff make difficult decisions in light of their governance obligations and fiduciary duties? What does it mean to be a leader making the “right choice”? How do you make the best choice for your situation? Every process should be governed by principles. What are the principles that guide us in the process? What are the processes and principles in each of the practice areas covered by this Track? Moderated by Gary Mangiofico, Ph.D., Executive Professor of Organizational Theory and Management, Pepperdine University Graziadio Business School
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Keynote/Fireside Chat with 73rd United States Secretary of the Treasury John W. Snow (Core Session)
4:30–5:30 p.m.
Session Description: John W. Snow served as the 73rd Secretary of the U.S. Treasury from 2003 to 2006. During his tenure he led the Bush Administration’s economic team and steered the efforts to pass the landmark 2003 tax legislation which significantly lowered individual tax rates as well as taxes on dividends and capital gains.
Faculty/Speakers:
Classroom/Location: Large Auditorium
Welcome Reception and Dinner
6:00–8:00 p.m.
Day 2: Monday, July 15
Continental Breakfast
8:00–9:00 a.m.
Classroom/Location: session-location-execdining
From the Treasurer's Perspective (Core Session)
9:00–10:15 a.m.
Faculty/Speakers:
Portfolio Construction and Risk Management (I&P)
10:30–11:45 a.m.
Session Description: Learn best practices within Portfolio Construction and Risk Management with a special focus on liability influence. Specific examples will be shared and discussed.
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Leading the Public Finance and Debt Management Functions: Governance and Transactions Processes for Results (PFDM)
10:30–11:45 a.m.
Session Description: Learn about best practices associated with the debt management process from inception to execution. The Interactive session will explore ways jurisdictions can improve communication, accountability, sustainability and transparency.
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Principles Governing Cash Management (ETM)
10:30–11:45 a.m.
Session Description: In this session, leaders will discuss how to build cash management/working capital programs and how to balance safety, liquidity and yield when considering short term investments (for any funds with a short-term component, typically referring to general fund, which would likely include cash management related to unclaimed property).
Faculty/Speakers:
Lunch
11:45 a.m.–1:00 p.m.
Decision Making on Retirement Programs (ETM)
12:45–1:45 p.m.
Session Description: In this session, we will explore if retirement structures/models meeting the needs of stakeholders, trends in public plans (e.g., DB to DC issues), and solutions for private workers (e.g., Secure Choice).
Faculty/Speakers:
Fireside Chat: Case Study of an Innovative Plan (I&P)
1:00–1:45 p.m.
Session Description: Hear a first-hand discussion between two Chief Investment Officers around good governance implementation of a system built around risk-sharing with beneficiaries. Review various successes and challenges associated with this model.
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The Growing Challenges of Holistic Liability Assessment and Risk Management—Part I: Measuring Exposure, Stress Testing and Adapting Policy (PFDM)
1:00–2:00 p.m.
Session Description: As a necessary part of forecasting and budgeting, measurement of liabilities in a comprehensive fashion is ever more critical, especially in a world with increasing legacy liabilities and scarcer resources. Participants will learn to build a holistic understanding of liabilities, stress test them and consider policy strategies.
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Risk Management Challenges (ETM)
1:45-3:00 p.m.
Session Description: In this session, we will explore how you define “Enterprise Risk” and your agency’s exposure to it (e.g., operational, headline, cyber, litigation risks), the development of strategies for avoidance and mitigation, and office transitions, including changes in elected or appointed officials, as well as changes at senior staff levels.
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Positioning for What’s Next (I&P)
2:00–3:15
Session Description: Engage in strategic discussions around what is on the horizon for managing investments. The session will include research and information on key topics that will enable participants to prepare for what may be next.
The Growing Challenges of Holistic Liability Assessment and Risk Management—Part II: Strategies for Accountability Implementation (PFDM)
2:15–3:15 p.m.
Session Description: Participants will learn to create systems and processes to drive accountability and manage risks. A specific focus will be on driving best practices downstream to local governments. The session will use case studies and real experiences to highlight challenges and solutions.
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Strategic Review of Sustainable Investing and ESG Strategies (I&P)
3:00–4:15 p.m.
Session Description: Plenary session with the Executive Treasury Management track. Explore the latest strategies in Sustainable Investing and how successful implementation of these strategies may be achieved in the portfolio.
Faculty/Speakers:
Classroom/Location: Large Auditorium
Strategic Review of Sustainable Investing and ESG Strategies (ETM)
3:00–4:15 p.m.
Session Description: Plenary session with the Investments and Pensions track. Explore the latest strategies in Sustainable Investing and how successful implementation of these strategies may be achieved in the portfolio.
Faculty/Speakers:
Classroom/Location: Large Auditorium
Technological Innovation and Big Data: Is Anything Having an Impact? (PFDM)
3:30–4:30 p.m.
Session Description: Explore how emerging technologies and big data are modernizing public finance by improving transparency, easing the burden of disclosure, lowering borrowing costs, and globalizing access to capital. Participants will have the opportunity to engage firms at the forefront of this frontier and explore their experiences.
Faculty/Speakers:
Reception and Dinner at the Four Seasons Westlake Village
6:30–9:30 p.m.
Day 3: Tuesday, July 16
Continental Breakfast
8:00–9:00 a.m.
Rising to the Challenge: Leadership Fireside Chat (Core Session)
9:00–10:15 a.m.
Session Description: Hon. Glenn Hegar discusses leadership with David Booth, Chairman and CEO of Dimensional Fund Advisors. David has won numerous awards for his accomplishments in applying financial theory and research to the practical world of asset management, and has written numerous articles, particularly for his pioneering work in indexing and small capitalization investing. He has served on the Investment Company Institute’s Board of Governors and the ICI’s Executive Committee. The University of Chicago Booth School of Business was named in his honor and David also serves as a lifetime member of the school’s advisory council.
Faculty/Speakers:
Consumer Education and Messaging to Stakeholders (ETM)
10:30–11:45 a.m.
Session Description: This session will explore how we set standards for and implement consumer education (e.g., financial education and literacy, not necessarily limited to state-run investment plans such as 529, ABLE and Secure Choice). Are there risks in providing consumer education? Are there exemplary strategies for delivery education, perhaps through customer service?
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Alignment of Interest and Unintended Consequences (I&P)
10:30–11:45 a.m.
Session Description: Engage in a strategic discussion, focused on Alignment of Interest within the governance models and review unintended consequences that may occur within decision-making and implementation. Topics will include fees and transparency, walkthrough waterfall, and insource vs. outsource.
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Financial Institutions and Capital Markets Evolutions (PFDM)
10:30–11:45 a.m.
Session Description: Explore the landscape of the capital markets structure and current conditions with a special focus on the evolving landscape of participants, mapping sources of federal support and communicating with investors in order to maximize access to capital.
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Lunch
11:45 a.m.–1:00 p.m.
Defining Goals and Measuring Results: Benchmarking/Performance Monitoring (I&P)
1:00–2:45 p.m.
Session Description: Explore the key role of benchmarking and importance of monitoring and adjusting this as needed over time. Additionally, this session will focus key components in overall monitoring and performance governance.
Faculty/Speakers:
Elio, Mike; Damschen, David; Sawyer, Andrew; Palmer, Andrew; Carlson, T.J.; Skjervem, John; Garcia, Dominic; Grabel, Jonathan; Keliuotis, Pete; Claisse, John; Brown, Gregory; Park, Abraham; Kownatzki, Clemens; Maietta, Joseph A.; Stevens, Jennifer; Warden, Robert; Gabbitas, Sterling; Hourihan, Kim; Brakebill, Michael; Munday, Shawn; Guimaraes, Arthur
Legal and Regulatory Issues: Questions for MSRB and the SEC (PFDM)
1:00–2:30 p.m.
Session Description: Obtain leading legal insight and perspective on the challenging regulatory infrastructure. Key topics include the general regulatory environment, primary regulators and standard setters of international financial markets, the U.S. legal and regulatory environment, tax considerations, and bankruptcy laws. Interactive session will provide a Q & A with regulators on topical concerns.
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Challenges with Unclaimed Property Reform and Protections of Consumers (ETM)
1:00–2:00 p.m.
Session Description: Challenges with Unclaimed Property Reform and Protections of Consumers (ETM)
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Treasury Leadership: Policy Challenges and Program Initiatives (ETM)
2:15–4:00 p.m.
Session Description: This session will cover demonstrating leadership in governance and corporate engagement initiatives. Discussions will include partner/vendor selections (e.g., standards for MWDVBE participation), initiatives related to Treasury Management Systems (e.g., banking relationships/products or software solutions for integrated management), and the role economic development plays for Treasury Leadership.
Faculty/Speakers:
Financing Infrastructure (Combined Session with Public Finance and Investments Track) (PFDM)
3:00–4:45 p.m.
Session Description: The panel will explore how to finance necessary infrastructure and capture infrastructure investment opportunities globally.
Financing Infrastructure (Combined Session with Public Finance and Investments Track) (I&P)
3:00–4:45
Session Description: The panel will explore how to finance necessary infrastructure and capture infrastructure investment opportunities globally.
Reception and Dinner
6:15–9:30 p.m.
Day 4: Wednesday, July 17
Continental Breakfast
7:30–8:30 a.m.
The Straus Institute Special Program (Core Session)
8:30–9:45 a.m.
CIO and Academic Roundtable: Key Takeaways (I&P)
9:30–11:45 a.m.
Session Description: This session will focus on key takeaways and general Q&A; ask the CIO, key governance principles, and advocating and defending best practices. Investor Board members and Academics wrap up the Program by reviewing key points from the overall sessions and discuss key things they are focusing on going forward.
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Lessons Learned (ETM)
9:30–11:45 a.m.
Session Description: Senior Staff participating in the Track will summarize key takeaways.
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Public Finance and Debt Management from the Top (PFDM)
10:00–11:45 a.m.
Session Description: This session will focus on key takeaways and general Q&A. Leading treasurers will moderate a discussion of the key insights and takeaways from the Public Finance and Debt Management track’s sessions and curriculum.
Institute Certificate Presentation and Wrap-Up
11:45 a.m.–12:00 p.m.