2019 - Operational Risk for Financial Institutions - Beyond Regulatory Constraints

Overview
Most large losses have been due, at least partly, to the occurrence of operational risks. 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.
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.
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.
Why should you Attend
Help participants to understand and deal with operational risk in their institution or department, equip people to interact with operational risk departments.
Areas Covered in the Session
Operational risk frameworks
Minimum capital requirements for operational risk
The Base l II and III Accords
Internal and external compliance
Effective approaches to risk-based economic capital management
Measuring Risk-Adjusted Return On Capital (Raroc)
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
Front Office, Line Management
Speaker Profile
Fred Vacelet is a Financial Risk Management Consultant with an international expertise in Risk Management methodological frameworks. His experience spans some 25 years, advising banks, software houses and others on risk management. Fred holds various degrees, including from London Business School, with post-graduate studies at the Technische (then West)-Berlin and Keio (Japan) universities. A Qualified in Islamic Finance (IFQ), he is a published author on risk management and Basel Accords, and a regular speaker at conferences.
The client list includes ABN Amro, Barclays, Lloyds TSB, CDC Paris, Credit Suisse, DePfa, Deutsche bank, National Bank of Egypt, IBM Consulting, Sungard, the UK Regulatory body (then FSA, now PRA/FCA), Reuters and numerous other institutions of various countries and sizes. In addition to that, Fred runs training courses and workshops with participants from various banks around the world.