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Developing a Risk Free Banking Culture


Posted Mar 20, 2014 by madhavifg
A holistic and comprehensive approach to risk management enables a company to have a high level of awareness of, as well as uniformly assess, professionally manage and suitably control all of its risks. Read more
 

FOR IMMEDIATE RELEASE

Pressnews.biz (Press Release) Mar 20, 2014 -- Bahrain's banking system consists of both conventional and Islamic banks and is the largest component of the financial system, accounting for over 85% of total financial assets. The banking sector has played a pivotal role in the emergence of Bahrain as a leading financial center in the region.

With advancement of technology, banking systems have been updated and automated to match the global banking standards and to create a ficilitated, updated banking industry. Owing to the growing complexities of banking and financial operations, there is a high tendency for various kinds of risks due to the volatile work nature.

The Basel II Committee defines operational risk as, "The risk of loss resulting from inadequate or failed internal processes, people and systems or from external events." Risk Management in Finanical Services ( 4 – 5 June 2014, Manama – Bahrain) will gather industry peers and risk experts to discuss and debate the issues and trends for 2014 and the best practices pertaining to financial risk management.

Yawar Gardezi, AGM – Operational Risk at Al Rajhi Bank, will be elaboarting on the operational risk modeling for a banking sector. The focus of this session would be on:
• Identifying deficiencies in our internal controls and information systems
• Measuring operational risk quantitatively rather than qualitatively
• Using regulatory framework for operational risk


“ Basel III and its Consequences – What exactly do we know?” - The exclusive CRO‘S Panel Discussion, will barinstorm on the Basel III impact on operational and strategic decisions of a bank,
impact on the calculation of the capital ratio and will analyse the adabtability potential of the organization.
Feroz Noorani, Chief Risk Officer at Warba Bank is the moderator of this panel which will be joined by Prasant Sarkar, Chief Risk Officer at National Bank of Fujairah; Dr. Mohammed Belgami, Head of Credit and Risk Management at Bahrain Islamic Bank and BV Balaji, Chief Risk Officer at Citibank.

A holistic and comprehensive approach to risk management enables a company to have a high level of awareness of, as well as uniformly assess, professionally manage and suitably control all of its risks. Developing new techniques for risk analysis and reducing risks through optimum use of Risk Management tools will enable the organization to practise a Proactive Operational Risk Management system. Shahab Syed, Senior Vice President - Head of Operational Risk - Abu Dhabi Commercial Bank, will elaborate the same in his presentation.

To know about the complete speaker line-up, topics of presentation and participating companies, request for your own copy of the conference agenda

Media Contact
Mohor Mukherjee
[email protected]
Phone: +97146091570
-- EOF ---
Contact Email : sres...@fleminggulf.com
Issued By : Fleming Gulf
Phone : +97146091570
Business Address : Fleming Gulf Dubai Airport Free Zone
P.O. Box 54772 Dubai, U.A.E.
Country : United Arab Emirates
Categories : Banking, Business
Last Updated : Mar 20, 2014

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