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Key lessons to be learnt from the recent financial crisis will be unveiled at this, the third Enterprise Risk Management (ERM) Thought Leadership Series, hosted by FT Global Events in association with SAS, the leader in business analytics.
In previous years, this exclusive series has featured candid presentations which have tracked the movement towards a joined-up strategy for managing risk across a business.
This year, with a fresh understanding of today's risk management challenges, senior executives, leading risk professionals and regulators will discuss the merits of a firm-wide risk management approach.
Each of the following breakfast briefings will examine the lessons learnt from four core dimensions of the financial services sector; banking, investment management, insurance and the regulatory view, as well as outlining the successful survival and growth strategies.
The global financial crisis has exposed many deficiencies in risk management policies and practices.
Regulatory organisations such as the Financial Stability Board and the Basel Committee, as well as industry bodies such as the Institute of International Finance, have analysed these risk management failings and produced a raft of recommended solutions.
The most far-reaching recommendation is that organisations should adopt a firm-wide approach to risk. All too often the main disciplines – credit, market and operational risk management – remain in separate silos. Where they should be integrated, there is frequently a gap where major risks remain undetected.
ERMaligns strategy, processes, people, knowledge and IT so that risk is better understood and controlled throughout every part of the enterprise. As such, an ERM approach will enhance the stability, performance and profitability of an organisation.
This truly is a new era in financial services. To find out how improved risk management strategies will shape the future, please join us and register today.
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