| Description |
In the wake of the financial turmoil, more and more organizations are asking themselves, “How could we have avoided this crisis?”
The scope and complexity of markets and products make it extremely challenging to quantify the overall risk exposure of financial institutions. The additional dependency on audit findings and compliance mandates and lack of an enterprise wide GRC strategy adds to the challenge.
This panel discussion will outline an integrated framework for deploying best governance and effective risk management processes that address changing business needs and enhance the ability of financial institutions to react rapidly to adverse events. Best practices in organizational structures, roles and responsibilities and risk scenario planning and analysis will also be discussed.
Topics will include:
- Good governance practices
- Effective risk management
- Loss Management
- Scenario planning
- Causal analysis of the crisis
- Remedial action
- Organization Structures
- Technology as an enabler
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