Sailing in Uncharted Waters – Risk Appetite in a Changing Environment
Risk appetite - the broad-based level of risk that an entity is able and willing to undertake in pursuit of its objectives - is one of the building blocks for effective risk management. The challenges of setting risk appetite and communicating it effectively to stakeholders include how to define risk appetite in terms of a number of quantitative risk measures as well as qualitatively; how to apply risk appetite by embedding a dynamic and repeatable process, and then how to cascade this through the organisation as a series of limits and controls.
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Dec 17, 2009 from 08:00 AM to 09:30 AM |
| Where | Institute of Directors, 35 New Broad Street, EC2M 1NH, London |
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In a previous business breakfast we presented a view of what a statement of risk appetite might look like. In the meantime the Walker Report will be finalised (mid December) detail will be provided of how variable remuneration shall be impacted by government reform and the amendments to UK Code on Corporate Governance will be issued (early December).
This business breakfast is aimed at people with responsibility to oversee the risk management strategy and risk appetite setting process. We will present a view of the steps for a robust and repeatable risk appetite process and lessons learned from working with clients on this and related challenges, such as aligning remuneration taking into account risk-adjusted metrics. This reform will impact banks, insurance companies and listed companies to varying degrees.
The event is for people who are responsible for helping implement and monitor enterprise risk in financial institutions and insurance companies. Specifically those who set risk appetite and tolerance and align this with related initiatives such as implementing economic capital programmes or performance metrics (and financial remuneration) at an enterprise, subsidiary, business unit, business line and personal level taking into account risk adjusted metrics.
The programme will be as follows:
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8.00 |
Registration & Breakfast
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8.15 |
Welcome and Introduction Andrew Nord, Partner, avantage (UK) Limited
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8.20 |
Risk Appetite: Trends and Challenges Andrew Nord, Barry Smith, Associate, avantage (UK) Limited
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8.30 |
Risk Appetite in action – example Insurance Industry Eleanor Parsons Senior Upstream Risk Manager, RBS Insurance |
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8.45 |
Risk Appetite in action – example Bank Industry Dean Mitchell, Managing Consultant avantage (UK) Limited and ex CRO GE Artesia Bank
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9.00 |
Discussion Forum Panel: Eleanor Parsons, Andrew Nord, Dean Mitchell, Barry Smith |
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Moderator: Iain Wright, Partner avantage (UK) Limited ex CRO Prudential (UK) |
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9.30 |
Briefing ends |
To register for this event please sign up here.
For further information please contact Event Admin.
