Boardroom Stewardship in the Age of AI: Governance, Risk, and Supervision for Portuguese Banks

Artificial Intelligence (AI) is reshaping banking—from credit underwriting and AML/KYC processes to treasury functions, model risk management, operational resilience, and supervisory oversight. This latest IFB program equips Portuguese bank directors with strategic understanding, practical exposure, and regulatory awareness to govern AI responsibly.

ATTENDEES:   CAdm’s Chairmen, CEOs, Executive and Non-Executive Directors, Members of Fiscal Boards, Members of Audit Committees and other Bank’s Core Functional Directors

METHODOLOGY

The first day is dedicated to exploring the topic, defining what it consists of, how it is relevant to organizations and their managers, and the taxonomy it uses.  Cases will be used and examined from the SEM angle, notably the downfall of FORTIS and the Kerviel rogue trader affair at SOCGEN.  We discuss what their respective boards might have done, given that both crises have their roots in errors of a strategic nature for FORTIS and of a more operational nature for SOCGEN.

The second day will be devoted to discussing more recent examples, all having occurred after the Global Financial Crisis.  These include the Wells Fargo cross selling disaster, the downfall of SVB in California, and the collapse of Crédit Suisse.

As a summing-up, participants will be invited to discuss and evaluate their corporate strategies on SEM in subgroups and share their insights with the all group.

PROFESSORS

PETER NATHANIAL

Is an IMD Executive in Residence and INSEAD Programme Director. He is also co-founder and co-director of INSEAD’s IDBP, Bank Governance Program. He is the former Group Chief Risk Officer and member of the Executive Committee of The Royal Bank of Scotland Group, and the former Global Head of Risk Oversight at Citigroup.

LUDO VAN DER HEYDEN

Became a Distinguished Scholar at IMD in September 2022. He supports IMD’s developmental activities and programs in the banking sector, including the Bank Governance program. Ludo is the founding Academic Director of INSEAD’s Corporate Governance Centre (ICGC) and was co-Dean of INSEAD (1990-1995).