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avantage presents Lloyd's roundtable -Op Risk and introducing the shared service tool

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On Wednesday 11th May 2011, avantage will host a breakfast roundtable discussions at Lloyd’s. The topic of the discussion will be based on Op Risk and introducing the shared service tool

What
  • avantage roundtable
When May 11, 2011
from 08:00 AM to 10:00 AM
Where Old Library, Lloyd's, One Lime Street. London. EC3M 7HA
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The Solvency II Directive recognises the significant risk posed to firms from the inadequate management of Operational Risk. It requires firms to implement an effective, integrated risk management system to address this, whether applying the Standard Formula or Internal Model approach.

The challenge to firms in implementing an appropriate risk management system should not be underestimated. Depending on the level of sophistication of the firm and its existing risk management practices, the adoption of an internal model over the standard formula will also add to this challenge.

During this session, we will highlight some of the issues that the implementation of a suitable system can pose to firms of different sizes. Where appropriate, we will also draw a comparison to the banking industry and how relevant practices for operational risk measurement and management have evolved. Understanding the obstacles that firms face, we will also present an overview of the emerging shared services solution. This provides a cost effective alternative to help firms overcome these issues.

Programme:

8.00 - 8.20 AM – Registration and Breakfast

8.20 - 8.30 AM - Welcoming and opening comments - Paul Sahota, Head of Solvency II, avantage

8.30 - 9.00 AM - Operational Risk Management and Solvency II -  Paul Sahota, Head of Solvency II, avantage / David Simmons, Associate Director, avantage

9.00 - 9.45 AM - The Emerging Shared Service Solution - David Simmons, Associate Director, avantage

9.45 - 9.55 AM -  Round Table Discussion - All

9.55 - 10:00 AM - Wrap Up and Closing Remarks - Paul Sahota, Head of Solvency II, avantage

To register for this event please sign up here

For further information please contact  Event Admin.