OpRisk Asia 2010

he financial crisis and the wider economic crisis may have been termed a credit risk event but many of its roots were in operational risk failures. Asia has emerged from the crisis largely unscathed but there are lessons to be learned for all financial services firms. Simply having internal controls in place is no longer enough for financial institutions to operate securely, implementing a robust operational risk management framework is essential for firms to better face the challenges of the new financial environment. But in the post-crisis world, has the role of the op risk manager really changed? And are organisations better positioned to understand the strategic value of operational risk management, or are we merely experiencing a return to form?

This year’s conference will discuss and debate the evolution of the role of operational risk. The conference will evaluate key elements in an evolved operational risk management framework through topical sessions, which include an examination of the legitimacy and extent of change in operational risk after the crisis, the emergence of new threats such as the sovereign debt crisis, and the outlook for operational risk in Asia in 2010 and beyond.

Delegates will also learn the advanced strategies of stress-testing, managing fraud and theft, determining risk appetite and KRIs, RCSA, applying a governance framework and the best practices in managing reputational risk.