Operational Risk: Reality Check Register
Tuesday 31st March 2009 London
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Agenda

Thursday, 26th March 2009

08:15
Registration and Refreshments
09:00
Welcome from FT Business
09:05
OPENING REMARKS BY THE CHAIRMAN
Michelle Price, Technology Editor, The Banker
09:20
THE FINANCIAL CRISIS AND THE IMPLICATIONS FOR OPERATIONAL RISK MANAGEMENT
  • An operational disaster.
  • Did we make any difference?
  • The failure of modelling.
  • Managing risk management.
Sergio Scandizzo, Head of Operational Risk Section, European Investment Bank
09:55
ENHANCING RISK MANAGEMENT: AN INSURER’S PERSPECTIVE
  • Business drivers for change.
  • Regulatory drivers for change.
  • Impact of the financial crisis.
Fagun Shah, Head of Group Operational Risk, Prudential
10:30
AN INTEGRATED FRAMEWORK FOR GROUP-WIDE OPERATIONAL RISK: HOW IT WILL DEFINE YOUR FUTURE SUCCESS
  • What is the role of operational risk in today’s market?
  • What is required to effectively measure and manage group-wide operational risk?
  • Could operational risk provide the foundation for an enterprise risk management system?
  • How can we achieve coherency of information and become proactive in operational risk?
Pierre Lommerse, Business Solution Consultant, SAS
11:10
REFRESHMENTS BREAK
11:30
PANEL SESSION: REDUCING PHYSICAL SECURITY RISKS
  • Identifying, assessing and mitigating physical security risks: eg branch and cash-in-transit robbery, ATM attacks, grudge attacks, terrorism, extortion, kidnap and hijack.
  • Fitting security risk management into the overall operational risk management framework.
  • Selecting appropriate managers, staff and external suppliers of security services.
  • International best practices in security risk management
Panel Moderator:
Michelle Price, Technology Editor, The Banker

Panelists:
Liam Morrissey, Partner, BGN Risk

David Anscomb, Head of Retail Facilities and Securities Management, Abbey

Becky Pinkard, Head of Attack and Data Protection Monitoring, Barclays

Graham Mott, Head of Business Development, Link
12:20
OPERATIONAL RISK MANAGEMENT FOR HEDGE FUNDS
Philip Martin, Chairman, Institute of Operational Risk
12:55
MORNING SESSION SUMMING UP BY THE CHAIRMAN
13:00
LUNCH
14:00
CASE STUDY: EMBEDDING OPERATIONAL RISK INTO THE ERM FRAMEWORK
  • Enterprise risk management, the concept and the objectives: more effective risk management overall, better balance of risk v. return, more efficient capital allocation, greater stability, reduced losses, improved business performance, higher profits, enhanced shareholder value.
  • The operational risk dimension: how to embed it into the EWRM framework, and the oversight responsibilities of the chief executive.
  • Case study: Ecclesiastical Insurance
Michael Tripp, Group Chief Executive, Ecclesiastical Insurance Group
14:40
THE USE OF INSURANCE TO REDUCE THE OPERATIONAL RISK CAPITAL CHARGE
  • How insurance and other risk mitigants – such as catastrophe bonds and derivatives – can be used to reduce the amount of capital needed to cover operational risks.
  • Latest developments, products and issues.
  • The need to fully document the methodology for using insurance and to apply for regulatory permission to have the capital alleviation recognised.
Dr Paul Search, Head of Operational Risk, Financial Services Practice, Marsh Ltd
15:15
REFRESHMENTS BREAK
15:35
MEETING REGULATORY REQUIREMENTS
  • Monitoring how operational risk regulations are implemented by firms in the banking, insurance and asset management sectors
  • The Capital Requirements Directive: how banks have implemented the Basic Indicator Approach (BIA), The Standardised Approach (TSA) and the Advanced Measurement Approach (AMA).
  • How well have banks met the “use” test for AMA, and embedded their operational risk practices into their overall risk management framework?
  • Operational risk reviews for insurers –key issues.
Gérald-Paul Sampson, Manager, Operational Risk Review Team, Prudential Risk Division, Financial Services Authority
16:10
SHARING DATA ON LOSS EVENTS: IS IT ANY USE?
  • How banks, insurers and others have got better at share data on loss events.
  • The four operational risk data elements: internal data, external data, scenario analysis, and the business environment and internal control factors (BEICFs).
  • Industry initiatives to improve data sharing, including the BBA’s GOLD (Global Operational Loss Database), and the Basel Committee’s “Loss Data Collection Exercise”.
  • Is the data being put to good use? Is data sharing mainly an operational risk measurement exercise rather than a true improvement in operational risk management?
David Dooks, Director of Statistics, British Bankers' Association
16:40
CONCLUDING REMARKS BY THE CHAIRMAN
16:45
COCKTAIL RECEPTION


Lead Sponsor

SAS


Associate Sponsor

BGN Risk


Exhibitor

Optial


Drinks Reception Sponsor


Compliance Recruitment Solutions


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allaboutrisk


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