7th Annual Operational Risk Management Forum

Understand the full implications of the move to the SMA and how it will change operational risk management

Conduct and reputational risk:A fresh perspective
A comprehensive workshop addressing the identification of emerging risks and how to develop a practical approach to managing conduct risk
Workshop Moderator: Sergio Galanti, Managing Partner
Company: Inveniat Consulting

Why You Should Attend

This marcus evans event will give companies the best practices and strategies to begin to implement the SMA and assess the impacts it will have on both internal modelling and operational risk management. They will discover and understand the major challenges on the horizon, including the move to the SMA and cyber and IT risk. They will gain an advantage over competitors by hearing from experts that will provide both insight and innovation in dealing with operational risk frameworks.

Operational risk management is currently on the end of a major shakeup. Ever since the announcement of Basel III banks have been working within a paradigm that pushes towards either TSA or AMA approaches (standardised and advanced approaches respectively). At the end of 2015, however, the Basel Committee shocked firms by announcing that they were doing away with this, and replacing it with the SMA – a new standardized approach that would be the norm for all banks. This is having huge ramifications for firms, who now need to contemplate tearing up everything they have worked on for the past half decade and starting afresh. All this is being done against a background of continued threats from operational risks such as cyber and IT risk. This event will show attendees exactly what the SMA means for them and how to make the changes whilst maintaining a robust operational risk management framework.

Key Topics

• Discover what the latest on the SMA rules are, including feedback from the latest consultations
• Learn what the implications of the SMA will be for operational risk capital
• Hear about the future of operational risk modelling after the SMA: What is the legacy of the AMA?
• Develop appropriate responses to the latest cyber and IT risks
• Implement best practice in operational risk management frameworks

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