Event Date/Time: Oct 10, 2011
End Date/Time: Oct 11, 2011
An operational risk is, a risk arising from execution of a company's business functions. As defined by The Basel Accord, an Operational risk is "the risk of loss, resulting from inadequate or failed internal processes, human behaviour and systems or from external events". In the recent years, Operational Risk Management has become increasingly important for financial institutions and regulators alike as it portrays a pivotal role in effective management of business operations. The depth and breadth of issues involved within Operational Risk Management has led to ongoing confusion about how to identify and manage it. As a result, coming to terms now with operational risk must become a strategic imperative for organizations, especially for financial services giants.
he 3rd Annual Operational Risk Management Forum organized by Fleming Gulf differentiates itself by serving as a platform to address the prevailing impediments, and provide pragmatic solutions with the aid of insights from leading industry experts.