New Paradigm in Risk Management and Compliance: How to Anticipate and Prepare for More Regulatory Scrutiny

Duration 90 Mins
Level Intermediate
Webinar ID IQW19F0655

  • What thinking went wrong in 2007 and thereafter
  • The aftermath: obsolete reactions to a new crisis
  • Paradigm shift in credit risk
  • Paradigm shift in market risk
  • Paradigm shift in operational risk
  • Paradigm shift in risk regulation
  • Risk models and the new game
  • Current thinking and the next crisis

Overview of the webinar

  • Requirements for news thinking in 2007-08
  • 2007: lack of thinking of what could happen, and indeed did happen next
  • Post-2007 thinking on risk management and regulation
  • The slow process of percolating
  • Coming back to old thinking after licking wounds
  • The precedents
  • The 1929 forgotten crisis
  • Regulatory reactions, firefighting
  • Envisioning the next 10 years
  • 10 years after the crisis
  • The unintended consequences of tougher regulation
  • Compliance vs. risk management
  • Exploiting the present wealth of data
  • From data to wisdom and to profit
  • Obsolete and new thinking
  • The quick and the loss-making

Who should attend?

  • Risk Methodology
  • Credit risk, Counterparty Risk
  • Market Risk Management and Analytics
  • Risk Internal Audit — Quantitative Analysis
  • Regulatory and Economic Capital
  • Basel III
  • Regulation & Compliance 
  • Operational Units Managers
  • Financial Institutions Advisory 
  • Bank Supervision and regulation

Why should you attend?

  • The present thinking on risk management in banking is littered with ideas that should not have survived the crisis of 2007-08, and yet still float around, waiting for the next crisis to happen
  • History of economic ideas shows that old ideas, as good as they may have been in their time, can survive for long, and bring about wrong strategies, wrong investments, to considerable costs to individuals and institutions. The present times are a case in point
  • In this webinar, we show an antidote against the dust of old risk management thinking and submit our views on what the post-crisis risk management ideas may be

Faculty - Mr.Fred Vacelet

Fred Vacelet is a Financial Risk Management Consultant with international expertise in Risk Management methodological frameworks. His experience spans some 20 years, advising banks, software houses and others on risk management. Fred holds various degrees, including from London Business School, with post-graduate studies at the Technische (then West)-Berlin and Keio (Japan) universities. A qualified Islamic Finance person (IFQ), he is a magazine author on risk management and Basel Accords, and a regular speaker at conferences.
 
The client list includes ABN Amro, Barclays, CDC Paris, Credit Suisse, DePfa, Deutsche Bank, a few City hedge funds, IBM Consulting (Banking and Finance), Sungard, Lloyds TSB, National Bank of Egypt, the UK Regulatory body (now PRA), Reuters, and numerous other institutions of various countries and sizes. Fred runs training courses and workshops with participants from various banks around the world.

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