Principles for the Management of Operational Risk

This webinar highlights the evolution of operational risk management. The principles outlined in the Bank for International Settlements (BIS) report are based on best industry practice, supervisory experience and cover three overarching themes: governance, risk management and disclosure. We will look at the practicality of these principles and the implementation factors with each of them.

Why Should You Attend:

Although financial institutions have been managing risk exposures for years operational risk management as a discipline is relatively new. The change in focus to operational risk management has been driven by a number of factors, led in the first instance by the compliance requirements of bank regulators. Regulators look to the Bank for International Settlements (BIS) to formulate position and regulatory consensus in the world.

“Principles for the Sound Management of Operational Risk” highlights the evolution of operational risk management. The principles outlined in this key BIS report are based on best industry practice and supervisory experience, and cover three overarching themes: governance, risk management and disclosure. In this webinar, we will discuss the practicality of these principles and the implementation factors with each of them. We will examine a powerful banking case study and put these Principles to the test.

Areas Covered in the Webinar:

Implementing Basel's “Sound Practices for the Management and Supervision of Operational Risk”

• Principles for the management of operational risk
• Sound operational risk governance
• Each of the 11 Principles are examined in terms of their
• Content
• Meaning
• Implementation factors
• Responsibilities
• Banking Case study in risk realized

Who Will Benefit:

• 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.