British Bankers Association Operational Risk Seminar

Introduction

Operational risk is the art of preparing for the unforeseeable. With the financial services sector yet to recover from the recent turmoil, banking in the coming years could be volatile and unpredictable. As the current economic climate places extra demands on banks, the challenge to respond accordingly is significant, and this can only be achieved through implementing an effective operational risk model. Will your ORM safeguard your interests in these turbulent times?

The BBA’s Operational Risk seminar will explore the latest developments in risk modelling, evaluating future direction and requirements for operational risk in the UK and showing you how to ensure you maximise the value of your ORM.

Key benefits of attending

• Get an update on future legislation requirements
• Hear practical advice on implementing an effective key risk development framework
• Examine the best approach to improving your corporate governance model
• Assess how to get the capital to risk balance right
• Evaluate the role of insurance as an operational risk mitigant

 Featuring contributions from:

• David Breden, Head of Operational Risk Consultancy Practice,  HSBC
• Euan Ramsey, Head of Operational Risk Consulting, avantage Capita
• Jerome Nyssen, Senior Manager, Risk Consulting, Financial Services Advisory, Deloitte 
• Irving Henry, Director, British Bankers Association.
  

Who should attend?

This afternoon seminar will be of particular interest to directors and senior and middle management from the following areas:

• Operational Risk
• Operations
• Risk Management
• Capital Management
• Risk Advisory
• Front, Middle and Back Office
• Internal Audit
• Regulatory Reporting
• Internal Control

Programme

0900     Registration & Refreshments

0925     Chair’s Opening Remarks, Irving Henry, Director, British Bankers Association

0930     Regulators Perspective: An Update from the FSA

• Upcoming legislation and requirements for operational risk
• The FSA’s position on industry attitudes and standards for operational risk
• The future of ORM in the UK

1000     Implementing a Key Risk Development Framework, Jerome Nyssen, Senior Manager, Risk Consulting, Financial Services Advisory, Deloitte

• What makes a good key risk indicator (KRI)?
• Distinguishing KRIs from key performance indicators (KPIs)
• Monitoring your KRIs – how well are they working?
• Adding value to a firm through successful operational risk management
• What are the challenges to overcome when implementing a framework

1030     Developing an Effective Corporate Governance Model

• Assessing methods for collecting internal and external data
• Assigning roles and responsibilities for management
• Interacting and communicating a change in culture throughout the company

1100     Coffee

• Deciding the Capital to Risk Ratio
• What ratio of risk should banks allocate to capital?
• Does the current economic climate mean we have to adopt a different approach?
• Assessing developments in advanced measurement approach models
• Evaluating models in action
  

1200     Insurance and Operational Risk, David Breden, Head of Operational Risk Consultancy Practice, HSBC

• To what extent can insurance be an effective tool for mitigating risk?
• How effective is insurance as a substitute for capital?
• Alternative forms of mitigation
• How can the insurance programme be integrated into the operational risk management framework?
  

1230     A Global Outlook for Operational Risk, Euan Ramsey, Head of Operational Risk Consulting, avantage Capita

• What the are tangible benefits for operational risk management
• How to put yourself in a position to achieve these rewards
• What should a successful ORM look like?
  

1300 Closing Remarks and Lunch

Member Price £228.85 including VAT
Non-Members Price £343.85 including VAT

For registration please contact the BBA directly.