Operational Risk for Financial Institutions, Beyond Regulatory Constraints

Why Should You Attend:
Most large losses at financial institutions have been due to the occurrence of operational risks. Whilst financial institutions think they know about this type of risks, the profession has been slow to learn from other older industries dealing with catastrophic risk on a daily basis. The banking world has not been able to avoid large debacles due to such incidents as rogue trading and macroeconomic turbulences. It is now critical for banks to set up comprehensive frameworks to handle these risks at reasonable costs and to the satisfaction of regulators, without compromising everybody’s drive to go forward and advance in sophistication. Banks now have to find out, formalize and implement techniques to identify, understand, measure and proactively handle operational risks. Methods for that can vary, but one has to find the best methods, as the price of failure and the rewards for success are too high: straight loss, regulatory effects, reputational loss etc. can no longer be neglected.

This webinar will help participants to understand and deal with operational risks in their institution or department and will equip people to interact with operational risk departments.

Areas Covered in the Webinar:
-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 management
-Measuring Risk-Adjusted Return On Capital (Raroc)
-Relationship with other risks
-Understanding risk tolerance
-Impact of Basel III regulation on financial organizations

Who will Benefit:

This webinar will provide valuable assistance to all personnel in financial institutions, especially operation risk management people. However, most functions creating or handling operational risks will benefit, including general management, administration, front office, line management, and operations.

-Financial Officers
-Risk Officers
-Internal Auditors
-Operational Risk Managers
-Staff with roles and responsibilities in operational risk in risk management departments, businesses and central departments.

Instructor Profile:
Fred Vacelet, MBA, FRM/PRM, CTM, IFQ, is an international Financial Risk Management Consultant with an expertise in Risk Management methodological frameworks. His experience spans some 20 years, advising banks and software houses on risk management. Mr. Vacelet holds various degrees, including from London Business School, England, with post-graduate studies at the Technische (then West)-Berlin, Germany and Keio (Japan) universities. He is published author on risk management and Basel Accords, and a regular speaker at conferences. He writes and presents training courses and workshops on risk management and Basel II/III.

For Registration:
http://www.complianceonline.com/ecommerce/control/trainingFocus/~product_id=703260?channel=worldconf