Events
First Nigerian Annual International Conference on Operational Risk 2011Documentation: First Nigerian OpRisk Conference Presentations.pdfDate: 23rd and 24th February 2011Location: The Civic Centre, Ozumba Mbadiwe Road, Victoria Island, Lagos, NigeriaHost: D-vaR Consulting Limited• Mike Finlay of RiskBusiness International addressing two topics:
* “Operational Risk – the elusive pot of gold or a figment of imagination?”- Basel ll and lll Impacts. The presentation will focus on how each of the primary tools link together (loss data, KRIs, RCSA and scenario analysis), how firms around the world are using these tools, how ORM should interlink (under an ERM/GRC umbrella) with compliance, legal, BCM, data security and just about everyone else in the firm and what next for operational risk as a discipline.
* Role of Nigerian External Loss Data Consortium in providing a handshake for the Internal Loss Data Silos of individual Banks 23rd BACEE Country and Bank ConferenceDate: 18-19 November 2010Location: Danubius Health Spa Resort Margitsziget, Budapest, HungaryHost: Banking Association for Central and Eastern Europe (BACEE)• Hansruedi Schuetter of RiskBusiness International presenting on the topic of the value of different forms of loss data for risk management.BACEE’s regular semi-annual Conference on Central and East European countries and banks, which attracted about 1000 attendees from more than 170 banks over the last few years, will take place for the 23rd time, on 18-19 November 2010. It will assess the recent developments in the economy and the banking sector in Central and Eastern Europe, South Eastern Europe, the Baltics, Russia, Ukraine, Kazakhstan, the Caucasus and other CIS countries. The speakers’ panel will include representatives of central banks, banking supervisors, commercial banks from the region, investors, rating agencies and independent analysts.
ABA 2010 Risk Management ForumDate: April 28-30, 2010Location: St. Petersburg, FL, USAHost: American Bankers Association• Jonathan Davies of RiskBusiness will be speaking on a panel on Loss Data Collection for community banks.Hosted by the American Bankers Association, this Forum features plenary panels and sessions with regulators and expert practitioners, designed to help you balance risk exposure with flexibility and efficiency to ensure your financial institution's growth.
The 2nd Annual European Forum: STRESS TESTING EUROPE 2010Date: 23 and 24 March 2010Location: Zurich, SwitzerlandHost: Infoline Conferences• Mike Finlay of RiskBusiness presenting on the topic: "Operational Risk: To Stress or not to Stress?", covering why stress testing is the current hot topic - The concept sounds simple: select a set of reasonably improbable events and then determine how much you could loose if any of those events actually occur, assessing how the firm would react, what its losses would be and whether it could survive. Unfortunately, it’s not that simple! The following issues will need to be addressed if your scenario analysis program is to be successful:
• Stress testing – is it scenario analysis or something different?
• Identifying and selecting the correct scenario set – achieving coverage of all risk categories and of all business activity
• Bias and subjectivity – how do you prevent scenario output from being totally subjective, open to bias and peer pressure
• Linking scenario analysis to other risk programs, including RCSA, loss data collection, business resilience planning, information security and KRIs
• Reputational impact – do you include or exclude this in your assessment
• How do you quantify the output and convert it into meaningful information, taking correlation and both regulatory and management requirements into account UNISA 2nd International Banking ConferenceDate: 27th to 30th November 2009Location: International waters off the South African east coast aboard the Ocean Liner Sinfonia, departing from the Durban Harbour, South AfricaHost: The University of South Africa• Mike Finlay of RiskBusiness delivering the keynote address on the topic of "A scenario approach to risk management” to this speacialist conference reflecting on Risk Management Imperatives - A Euro-African Perspective.The conference will consist of plenary and academic research paper presentations. UNISA, the University of South Africa, would like to increase awareness of its capabilities, offerings and commitment to shaping the careers of current and prospective banking students from across the globe. The congregation is one that will bring together the meeting of minds, create a forum for problem solving and provide the platform for Africa to showcase its financial industries to the world. The conference will be the first of its kind, bringing Africa to the world through informative keynote addresses from top representatives of select countries.
The 4th Annual Industry Forum on STRESS TESTING for Banks & Building SocietiesDate: 27 and 28 October 2009Location: Central London, UKHost: Infoline• Mike Finlay of RiskBusiness presenting on the topic: "Operational Risk: To Stress or not to Stress?", covering why stress testing is the current hot topic - The concept sounds simple: select a set of reasonably improbable events and then determine how much you could loose if any of those events actually occur, assessing how the firm would react, what its losses would be and whether it could survive. Unfortunately, it’s not that simple! The following issues will need to be addressed if your scenario analysis program is to be successful:
• Stress testing – is it scenario analysis or something different?
• Identifying and selecting the correct scenario set – achieving coverage of all risk categories and of all business activity
• Bias and subjectivity – how do you prevent scenario output from being totally subjective, open to bias and peer pressure
• Linking scenario analysis to other risk programs, including RCSA, loss data collection, business resilience planning, information security and KRIs
• Reputational impact – do you include or exclude this in your assessment
• How do you quantify the output and convert it into meaningful information, taking correlation and both regulatory and management requirements into account Measuring, Managing & Integrating Operational Risk for InsurersDate: 1 July 2009Location: London, United KingdomHost: Infoline Conferences• Mike Finlay of RiskBusiness discussing the topic of "Developing Operational Risk Scenario Analysis and Stress Testing", describing how the concept of scenario analysis and stress testing sounds simple: select a set of reasonably improbable events and then determine how much you could loose if any of those events actually occur, assessing how the firm would react, what its losses would be and whether it could survive. Unfortunately, its not that simple and the following issues will need to be addressed if your scenario analysis program is to be successful.
Top-down or bottom-up scenario assessment – who should be involved?
Identifying and selecting the correct scenario set – achieving coverage of all risk categories and of all business activity
Bias and subjectivity – how do you prevent scenario output from being totally subjective, open to bias and peer pressure?
Linking scenario analysis to other risk programs, including RCSA, loss data collection, business resilience planning, information security and KRIs
Reputational impact – do you include or exclude this in your assessment?
How do you quantify the output and convert it into meaningful information, taking correlation and both regulatory and management requirements into account? ORIC 2009 Conference - Fostering Operational Risk Management in InsuranceDate: 26 June 2009Location: Association of British Insurers, London, UKHost: ORIC and ABI• Mike Finlay of RiskBusiness talking about Behavioural Biases in Scenario Analysis - pitfalls, techniques and solutions.The Operational Risk Consortium (ORIC) will present new research on the ORIC loss database and a benchmarking study on op risk practices in insurers. Our distinguished panel of industry experts, regulators and practitioners will reflect on the main research findings, identify key trends in ORM, and discuss latest developments in the Solvency II Directive.
Additional sessions will revolve around:
• Approaches to OpRisk in Basel II vs. Solvency II
• Operational Risk Management in key non-financial industries
• The CEO's views on operational risk management
• Biases in scenario analysis
The specialist break-out panels for the life and non-life business will in turn facilitate stock-taking exercises and debate.
Local Loss Data Consortium in the Nigerian Financial Services Industry: Is there a Need?Documentation: Nigerian LDC Event Agenda.pdfDate: 15 June 2009Location: The Civic Centre, Victoria Island, Lagos, NigeriaHost: The Risk Management Association of Nigeria, D-vaR Consulting Limited and RiskBusiness International Limited• Mike Finlay of RiskBusiness presenting the topic "Implications, benefits and issues around data comparison – with a specific focus on operational loss data, credit exposure data and KRI/KPI/KCI benchmarking".This seminar, hosted by RiskBusiness in collaboration with D-vaR Consulting Limited and the Risk Management Association of Nigeria, is focussed on the use of communal loss data across all participants in the Nigerian financial system, with an emphasis on the need for a local/regional loss data consortium, issues around systemic failure and issues relating to IT risk.
Seminar on Advanced Risk ManagementDate: 25 to 29 May 2009Location: Beatenberg, SwitzerlandHost: Financial Stability Institute, Bank for International Settlements• Mike Finlay of RiskBusiness International speaking on "Operational Risk - A Practitioner's Perspective".A seminar hosted by the Bank of International Settlement's Financial Stability Institute with the objective of delivering a comprehensive view of the measurement of the various risk classes including the mechanics of VaR, IRB and AMA models, the validation of the models, and the supervisory approval of the regulatory approaches. Participants can apply their knowledge through exercises and discuss results as a group. The seminar will be based on three building blocks:
• Information dissemination through expert presentations
• Practical application in exercises
• Discussions amongst the participants
Conference on Operational Risk in Banks ‘2009Date: 12 and 13 May 2009Location: Budapest, HungaryHost: Financial BACEE and ISACA• Hansruedi Schütter of RiskBusiness talking about the Power of a Risk and Control Self Assessment.The Conference will bring together banking, risk management, and IT audit professionals who are working on identifying, analysing, managing, controlling or auditing operational risks. BACEE teamed up again with ISACA for the sake of discussing the latest developments on the field of operational risks since last year’s conference, including topics bank managers do not give enough consideration to, namely the management of information technology related risks. The conference is endorsed by the Institute of Operational Risk.
GCOR III - The Global Conference on Operational Risk IIIDocumentation: GCORIII.pdfDate: 21 to 23 April 2009Location: BostonHost: The Risk Management Association (RMA)• Jonathan Davies, Tara McLenaghen and Rick Cech will be hosting and presenting at the KRI Forum. This year, The KRI Forum is embedded in the main agenda for G-COR on April 22. (KRI Subscribers enjoy ORX and RMA member pricing). It is once again devoted to new and practical ideas and examples for extracting the full potential of KRIs for better risk management.The Global Conference on Operational Risk III (G-COR III) is the third generation of this must-attend, world-class event presented by The Risk Management Association (RMA) and the Operational RiskData eXchange Association (ORX). The current financial crisis has brought risk management, including operational risk management, sharply into the spotlight. Developed by risk practitioners for risk practitioners, this is truly an event organized with the real interests of the industry in mind. As economic pressures intensify, operational risk practitioners must show that they contribute to institutional success.
OpRisk Europe 2009Date: 21 to 23 April 2009Location: Hilton London Tower Bridge, London, United KingdomHost: Incisive Media• RiskBusiness is sponsoring OpRisk Europe 2009, the leading conference on operational risk management.Building on the unparalleled success of previous years, OpRisk & Compliance magazine is extremely proud to announce confirmed dates for the 11th Annual OpRisk Europe Conference. This 3-day event will feature cutting edge keynote, plenary, panel and case study sessions, as well as hands-on educational pre-conference seminars. Serious OpRisk executives attend to get their one-stop shop to current best practice and future thought leadership in today's fast-changing regulatory and professional environment. Leveraging the trust and extensive relationship network built up through a decade of delivering the leading global event, OpRisk Europe will provide a fresh insight into best-practice on the key trends.
OpRisk USA 2009Date: 24 to 26 March 2009Location: New York Marriott Marquis, New York, USAHost: Incisive Media• RiskBusiness is sponsoring OpRisk USA 2009, the leading conference on operational risk management in the Americas.Building on the unparalleled success of previous years, OpRisk & Compliance magazine is extremely proud to announce confirmed dates for the 11th Annual OpRisk USA Conference. This 3-day event will feature cutting edge keynote, plenary, panel and case study sessions, as well as hands-on educational pre-conference seminars. Serious OpRisk executives attend to get their one-stop shop to current best practice and future thought leadership in today's fast-changing regulatory and professional environment. Leveraging the trust and extensive relationship network built up through a decade of delivering the leading global event, OpRisk USA will provide a fresh insight into best-practice on the key trends.
Institute of Operational Risk Cyprus MeetingDate: 11 February 2009Location: Nicosia, CyprusHost: Institute of Operational Risk• Mike Finlay of RiskBusiness speaking on the topics of:
- Best Practices in operational risk event recording
- Best Practices in operationl risk reportingThe Meeting is aimed at establishing a local chapter of the Institute of Operational Risk in Cyprus and is being held in conjunction with the local Association of Commercial Banks.
OpsRisk Management for Banking & FinanceDate: 8 and 9 February 2009Location: Crowne Plaza Hotel, Manama, BahrainHost: VMAC Business Group• Hansruedi Schütter of RiskBusiness leading the seminar, which seeks to address questions such as: Is Operational Risk Management still a daunting task in your organization? Are your current implementations in line with Basel II recommendations? VMAC's OpsRisk Management Workshop for Banking and Finance will address and provide solutions to some of the most pressing problems faced by Operational Risk managers in the Middle East today.VMAC Business Group’s OpsRisk Management Workshop for Banking and Finance brings you revolutionary insights into
Integrating other approaches into the OpsRisk process
Improving on current OpsRisk processes
Reducing complexity, cost, and redundancy in the OpsRisk management process
Creating an effective OpsRisk framework
What you will learn In-depth knowledge of the 3 Pillars of the Basel II accord
Gaining cooperation from involved parties within your organisation
Anticipating and reacting to international and domestic compliance requirements
How to ensure the effectiveness of current and future OpsRisk implementations
How to control subjectivity in OpsRisk reporting
How you will benefit
Fostering better corporate governance
Active, hands-on education on the most pressing problems faced by Operational Risk departments
Discussing common issues and solutions with other experts in the industry
“ Fundamental and Implementation Aspects of Operational Risk under a Management and Measurement Perspective”Date: 29 to 31 October 2008Location: Banca d'Italia, Rome, ItalyHost: Banca d'Italia• Garth Hinton, Executive Director - Asia Pacific, speaking on the topics of "The outstanding issues in the implementation of an operational risk framework" and "Empirical evidence of convergence between operational risk, credit risk and market risk".In light of the common interest of European Supervisors in developing a consistent approach for the assessment of the operational risk framework of small to large firms and in line with initiatives in the same field undertaken by the Committee of European Banking Supervisors (CEBS), Banca d’Italia organizes a seminar on “Fundamental and Implementation Aspects of Operational Risk under a Management and Measurement Perspective” within its technical training program for supervisory staff. The seminar is split in two consecutive modules: Module 1 for the basic elements and Module 2 for the latest developments.
The Securities & Investment Institute’s OPERATIONAL RISK 2008Documentation: Operational Risk.pdfDate: 6 November 2008Location: The Crowne Plaza London, the City, 19 New Bridge Street, London, EC4V 6DB, UKHost: The Securities & Investment Institute• Mike Finlay speaking on the topic of "What makes a good KRI?", covering why is the industry challenged by developing a good, reliable, measured, framework for KRIs? What is the importance of KRIs v KPIs, stress testing and KRIs, RCSA and KRIs, composite KRIs and limits, thresholds and reporting of KRIs. Adapting to new challenges, strategies and developmentsDate: 6th November 2008Location: The Crowne Plaza Hotel, London, UKHost: Securities & Investment Institute• Mike Finlay speaking on the topic of What makes a good KRI?
• Why the industry is challenged by developing a good, reliable, measured, framework for KRIs?
• The importance of KRIs v KPIs
• Stress testing and KRIs
• CRSA and KRIs
• Composite KRIs
• Limits, thresholds and reportingOn 6th November 2008 the Securities & Investment Institute will be holding its 5th annual Operational Risk conference bringing together a distinguished panel of expert speakers to explain, discuss and comment on the latest developments in the field of operational risk. The conference will be held at The Crowne Plaza, London, EC4V 6DB, UK.
The Securities & Investment Institute is the largest and most widely respected professional body for those who work in the securities and investment industry in the UK. Formed originally in 1992 by the members of the London Stock Exchange, today the Institute is the leading and progressive examining, training and membership body for the securities and investment industry. There are over 38,000 members who benefit from our programme of professional and social events. As the main examining body for the industry, the Institute provides a range of relevant vocational qualifications attracting over 38,000 candidates a year.
Conference on Operational Risk in Banks ‘2008Date: 8 and 9 May 2008Location: Budapest, HungaryHost: Financial BACEE and ISACA• Hansruedi Schütter of RiskBusiness talks about the use of loss data in operational risk management.The Conference will bring together banking, risk management, and IT audit professionals who are working on identifying, analysing, managing, controlling or auditing operational risks. BACEE teamed up with ISACA this year again for the sake of discussing the latest developments on the field of operational risks ever since our last year’s conference, including the topic bank managers do not give enough consideration to, namely the management of information technology related risks. The conference is sponsored by the Institute of Operational Risk.
Measuring, Managing and Integrating Operational Risk for InsurersDate: 22 November 2007Location: London, UKHost: Infoline Conferences• Hansruedi Schuetter of RiskBusiness presenting the topic "Enhancing the Definition and Assessment of Key Risk Indicators", focusing on the following issues: "Among all approaches used by firms to identify, monitor, manage and mitigate their operational risks, the use of key risk indicators (KRIs) is the least developed or understood. There are many factors for this, including differentiating between risk, performance, environment and control effectiveness measures, establishing what makes an indicator ‘key’, top-down versus bottom-up pressures and the cost of establishing firm-wide collection mechanisms. However, of all the approaches, KRIs offer something unique – they are the only mechanism for real-time operational risk monitoring". Measuring, Managing and Integrating Operational Risk for Banks and Building SocietiesDate: 11 December 2007Location: London, UKHost: Infoline Conferences• Hansruedi Schuetter of RiskBusiness presenting the topic "Enhancing the Definition and Assessment of Key Risk Indicators", focusing on the following issues: "Among all approaches used by firms to identify, monitor, manage and mitigate their operational risks, the use of key risk indicators (KRIs) is the least developed or understood. There are many factors for this, including differentiating between risk, performance, environment and control effectiveness measures, establishing what makes an indicator ‘key’, top-down versus bottom-up pressures and the cost of establishing firm-wide collection mechanisms. However, of all the approaches, KRIs offer something unique – they are the only mechanism for real-time operational risk monitoring". Risk Mitigation Strategies for Fast-growing BanksDate: 24 to 27 June 2007Location: Johannesburg, South AfricaHost: ShoreCap Exchange• Mike Finlay addressing the topic of "Enterprise Risk Management within emerging and developing markets - core issues and challenges" and chairing a panel of regulators and CRO's addressing risk governance and key issues facing high-growth firms.This is a 3-day in-person forum on ‘Risk Mitigation Strategies for Fast-growing Banks’, focusing on strategies and tools for managing key risks in fast-growing banks, with sessions on risk choices and mitigation strategies associated with new growth and delivery strategies, new technologies and new product lines. The forum is targeted at senior managers that have operational and strategic oversight – COOs, Heads of credit, internal audit, risk management and new product development in large MFIs and small business banks.
FSVC Study Tour on Low-Income Banking from Morroco to South AfricaDate: 11 to 15 June 2007Location: Johannesburg, South AfricaHost: Financial Services Volunteer Corps• Mike Finlay of RiskBusiness providing local liaison and facilitation between the Morrocan and South African delegations.Hearing about some of the innovative practices that South African banks have adopted to reach low-income populations, the Moroccan central bank Bank Al-Maghrib and several banks in the market have asked FSVC to organize a one-week study tour to South Africa. The Moroccan delegation, which would consist of 6-8 senior representatives, including officials from Bank Al-Maghrib and senior management from some of Morocco's largest domestic banks (Attijariwafa Bank, Banque Populaire Group, Banque Marocaine du Commerce Extérieur, and Credit Agricole), would ideally meet with representatives of 3-4 innovative commercial banks to discuss some of the strategies and products and services that South African banks have adopted.
Seminar on Advanced Risk ManagementDate: 4 to 7 June 2007Location: Beatenberg, SwitzerlandHost: Bank of International Settlement's Financial Stability Institute• Mike Finlay of RiskBusiness International speaking on "Operational Risk - A Practitioner's Perspective".A seminar hosted by the Bank of International Settlement's Financial Stability Institute with the objective of delivering a comprehensive view of the measurement of the various risk classes including the mechanics of VaR, IRB and AMA models, the validation of the models, and the supervisory approval of the regulatory approaches. Participants can apply their knowledge through exercises and discuss results as a group. The seminar will be based on three building blocks:
• Information dissemination through expert presentations
• Practical application in exercises
• Discussions amongst the participants
GORF 2006Date: 19 and 20 January 2006Location: London, UKHost: RMA - The Risk Management Association• RiskBusiness supporting RMA at the annual Global Operational Risk Forum (GORF) Risk Management 2005Date: 6 to 9 December 2005Location: Geneva, SwitzerlandHost: ICBI• Mike Finlay speaking on the topic of "Scenarios - The Final Frontier"
• KRIeX.org will be sponsoring the Internet CaféPlease click here to view the brochure for this event. Also note that there is a 25% discount available in conjunction with RiskBusiness, by using the following discount code: KN2112RBPDF Asia-Pacific KRI ConferenceDate: 14 and 15 November 2005Location: Hong KongHost: RMA – The Risk Management Association and RiskBusiness• RiskBusiness co-hosting, presenting and facilitating throughout the conference. Scenario WorkshopDate: 18 October 2005Location: New York, USAHost: RiskBusiness International Limited• Host, organizers and facilitators Key Risk Indicators for Operational RiskDate: 4 October 2005Location: Prague, Czech RepublicHost: ARM and RiskBusiness International• RiskBusiness co-hosting a seminar on KRIsPlease click here to view the agenda for this event. Scenario WorkshopDate: 13 July 2005Location: London, UKHost: RiskBusiness International Limited• Host, organizers and facilitators KRI Study Asia-Pacific Round TableDate: 14 May 2004Location: Hong KongHost: RMA – The Risk Management Association and RiskBusiness• Co-host and facilitator KRI Study European Round TableDate: 30 April 2004Location: London, UKHost: RMA – The Risk Management Association and RiskBusiness• Co-host and facilitator KRI Study North American Round TableDate: 16 April 2004Location: New York, USAHost: RMA – The Risk Management Association and RiskBusiness• Co-host and facilitator
