The UK Risk Network is a highly targeted gathering of Risk Leaders from Europe’s leading financial institutions comprising retail and investment banks, hedge funds and asset managers as well as regulators, to network and share insights over two days. The event focus covers the entire risk spectrum including key regulations, market and credit risk, liquidity, operational risk, risk modelling and cyber security
The risk function within the financial services industry is undergoing significant change. Impending regulations including ICAAP/ILAAP, SMA and GDPR look to fundamentally alter the application of regulations within financial services organisational frameworks to gain a greater focus on market, credit and operational risk. The risk function will require more flexibility than ever to put previous working models to best use for competitive advantage. However, with increasing internal controls to satisfy compliance this will affect the cost of day to day operations as well as profitability.
The global markets are also seeing complete upheaval combined with uncertainty at an all-time high with threats and requirements such as the ever increasing cyber risk, the UK’s exit from the European Union and the ongoing standardisation of the industry. One thing is clear – Risk management needs to form an integral part of business management.
Time is maximised onsite though a combination of:
Exploring the future of the economy to identify and prepare for potential risks
CRO Interview: Revealing a contingency plan for Brexit
Considering what it means to be resilient and how this can be achieved
Analysing the implementation of machines into your organisation to consider the impact this has on operational risk management
Navigating the regulatory landscape to ensure compliance and best practice
Defining culture and promoting cultural change throughout your organisation to comply with new regulations
Discovering how to effectively manage the cyber crime risk
Optimising the ‘The Three Lines of Defence’ to account for new challenges because of innovation/digitalisation
Creating a holistic risk framework that incorporates all parts of the business