IRM Financial Services and Banking Special Interest Group. Initial survey June / July 2014

Transcription

1 IRM Financial Services and Banking Special Interest Group Initial survey June / July 2014

2 Agenda Agree the Terms of Reference for the SIG Review the output from the survey and; Agree a schedule of meetings for the next year or two Agree subject matters to be covered in the meetings Discuss speakers for those subject matters Role allocation for the committee Website, articles and minutes of meetings

3 Agenda Agree the Terms of Reference for the SIG Review the output from the survey and; Agree a schedule of meetings for the next year or two Agree subject matters to be covered in the meetings Discuss speakers for those subject matters Role allocation for the committee Website, articles and minutes of meetings

4 Main questions asked Name, address, organisation Frequency of meetings Location for meetings Option of attending webinars Volunteer to help with the SIG and areas Specific speakers Prepared to host an event and facilities Meeting charges List of potential subjects for future meetings

5 Subject matters 1. Risk Management and local regulator expectations. 2. Risk Management Fit for purpose? Maturity levels and plan for improvement 3. Risk Reporting to regulator and management 4. Risk Management Information Systems for Banks 5. Enterprise Risk Management for Banks and Financial Services the basics 6. Qualifications for Financial Services Risk Practitioners 7. The role of CROs and Risk Professionals in Banks and the Financial Sector 8. Implementing Risk Appetite levels, tolerances and agreeing capacity levels 9. Risk Management culture, how we manage and audit conduct risk 10. Credit Risk Management, ERM synergies and differences 11. Market Risk Management, ERM synergies and differences 12. AMA approach for Operational Risk 13. Getting ERM embedded across a banking environment 14. Practical approach to Operational Risk 15. Basel II & III where are we with regard to ERM? What more do we have to do? 16. Using stress and reverse stress testing 17. Three lines of defence

6 Output headlines 59 responses Meetings preferred quarterly Meetings preferred in London Overwhelming requirement for webinars Lots of offers of help. But. Clear preferences for subject matters top 8 picked

7 Output responses from; African Alliance Ariane Chapele Consulting ltd Capital One (Europe) plc i-risk Europe Ltd - Barclays RBS Uber Interactive Ltd Capital One Europe plc Lata Sheth Consulting Ltd RBS Virgin Money Aviva India Life Insurance Captiva Managers Legal & General Aviva UK Life AXA Investment Managers Barbon Barclays Barclays Africa Barclays PLC Coventry Building Society Liberty Specialty Markets Sagicor General Insurance Sagicor Life Jamaica Limited Virgin Money Virgin Money Diligenta Liz Taylor Risk Consulting Sainsburys Bank Wesleyan EY Finanancial Conduct Authority Financial Conduct Authority Generali UK Lloyds Banking Group (General Insurance) STATE BANK OF INDIA Willis MMSL Swinton Insurance Nationwide Swiss Re zurich risk engineering Nationwide Building Society TD Direct Investing British Gas Insurance Gocompare.com Limited Nationwide Building Society Tenet Group Brown Shipley Grainger plc Prime Grameen Micro Finance Ltd Tesco Bank Butterfield Bank HSBC Securities Services Ireland Ltd Protiviti The Mauritius Union Co. Ltd. ICEA LION Group Prudential Assurance TSB

8 Frequency of meetings

9 Location of meetings

10 Webinars

11 Lots of volunteers.

12 Offers of hosting

13 Prepared to pay

14 Potential subjects

15 Top eight subjects: 1 Risk Management Fit for purpose? How to measure maturity levels and make a logical plan for improvement 2 Implementing Risk Appetite levels, tolerances and agreeing capacity levels 3 Risk Management and local regulator expectations. What s your experience? What kind of questions do they ask? What evidence do they expect? 4 Risk Reporting to regulator and management 5 Enterprise Risk Management for Banks and Financial Services the basics Risk Management culture for Banks and Financial Services; how do we manage conduct risk? How to create an audit plan for conduct risk? The role of CROs and Risk Professionals in Banks and the Financial Sector, now and in the future Practical approach to Operational Risk or how to manage operational risks in your organisation

16 Least popular subjects: 9 Risk Management Information Systems for Banks 10 Using stress and reverse stress testing to challenge business plans and business models 11 Qualifications for Financial Services Risk Practitioners 12 Getting ERM embedded across a banking environment 13 Three lines of defence what do we mean by this? How do we avoid confusion? 14 AMA approach for Operational Risk 15 Credit Risk Management, ERM synergies and differences 16 Market Risk Management, ERM synergies and differences 17 Basel II & III where are we with regard to ERM? What more do we have to do?

17 And whilst Basel III was last. How does the SIG respond to the requirements from Banking Risk Data Aggregation and Reporting and BCBS239 for the G-SIB Globally Systemic Important Banks and Financial Institutions? Is this of interest to non GSI organisations? Do we set up a subsidiary group to run with this?

18 Agenda Agree the Terms of Reference for the SIG Review the output from the survey and; Agree a schedule of meetings for the next year or two Agree subject matters to be covered in the meetings Discuss speakers for those subject matters Role allocation for the committee Website, articles and minutes of meetings

19 Agenda Agree the Terms of Reference for the SIG Review the output from the survey and; Agree a schedule of meetings for the next year or two Agree subject matters to be covered in the meetings Discuss speakers for those subject matters Role allocation for the committee Website, articles and minutes of meetings