Operational Risk for Financial 2016 - Operational Risk for Financial Institutions - Beyond Regulatory Constraints - By Compliance Global Inc

Overview:
Most large losses have been due, at least partly, to the occurrence of operational risk frameworks. Whilst financial institutions like to show that they know about this type of risks, the profession has been slow to learn from other older industries for which risk management is a critical factor.
Why Should You Attend:
The banking world has been subject to avoid large debacles due to e.g. rogue trading and unharnessed macroeconomic turbulences. It is now critical for banks to set up robust but flexible comprehensive frameworks to handle these risks at reasonable costs and to the satisfaction of stakeholders, without compromising any legitimate drive to go forward and advance in sophistication.
Areas Covered in this Webinar:
After the turbulent start of operational risk management, banks now have to find out, formalize and implement techniques to identify, understand, measure and proactively handle operational risks. Methods for that can vary from one institution to another, but the price of failure to find the most appropriate methods and the rewards for success are both too high: straight loss, regulatory effects, reputational loss etc. can no longer be neglected. We review here a few new techniques for handling operational risk.
Learning Objectives:
Operational risk frameworks
Minimum capital requirements for operational risk
The Basel II and III Accords
Internal and external compliance
Effective approaches to risk-based economic capital risk management
Measuring Risk-Adjusted Return On Capital (Raroc calculation)
Relationship with other risks
Understanding risk tolerance
Handling risks
Impact of Basel III regulation on financial organizations
Who Will Benefit:
Financial Institutions
Operation Risk Management People
General Management
Administration Personnel
Front Office
Line Management Personnel
Speaker Profile:
Mr. Fred Vacelet MBA, FRM/PRM, CTM, is an international Financial Risk Management Consultant, well versed in quantitative techniques, with a strong academic and practical background in Risk Management methodological frameworks for credit risk, market risk and operational risk, and compliance with risk regulations. He has some 20 years of experience advising banks and software houses on derivatives and risk management. His client list includes ABN Amro, Barclays, Credit Suisse, the UK FSA, Reuters and numerous other institutions of various countries and sizes.
Fred often offers training and workshops, and also works as a senior consultant for numerous banks to help handle risk management and their regulations, be it on the regulatory side of capital management, or towards the aspect of systems and internal controls, or risk management just because it makes sense to manage risk.
Among his assignments, Fred has been, as appointee of European Union, participating in the starting up of an operational risk function in a large Egyptian bank. His academic background includes an MBA from London Business School, Economics from West-Berlin University and a business degree from a Paris business school. Fred, as a certified member (PRM) of PRMIA, has been participating in PRMIA Education Committee.