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Event Details


Operational Risk for Financial Institutions - Beyond Regulatory Constraints

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Who should attend?

Financial Institutions Operation Risk Management people General Management, Administration Front Office, Line Management



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




Joseph Wilcox

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