Why You Should Attend
Risk management is a key component of every banking governance framework. This workshop will discuss the BCSB 239 standard including the critical risk-data aggregation capabilities and internal risk-reporting practices (the Principles) to enhance risk management and decision-making processes at banks.
In January 2015, the Basel Committee published the second progress report on banks' adoption of BCBS 239. Fourteen of the 31 participating banks reported that they would be unable to fully comply with the Principles by the 2016 deadline.
Although initially directed at Global Systemically Important Banks (G-SIB), the Committee believes that the Principles can be applied to a wider range of banks in a way that reflects their size, nature and complexity. Adherence to these principles became mandatory for the affected banks on January 1, 2016. At their discretion, however, national regulators may apply the spirit of the Principles to a wider range of institutions. Notwithstanding any compliance requirements, all financial services companies should consider implementing these principles as they represent best practices in the area of risk aggregation and reporting.
This webinar will discuss the best practices for BCBS 239 compliance, effective risk data aggregation and risk reporting.
You will get NASBA(1.8) credits by attending this course.
Outline:
Who Will Benefit:
You will get NASBA(1.8) credits by attending this course.
Compliance Online is registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. The registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.
Mario Mosse has over 40 years of experience in operational risk management, internal audit and regulatory compliance at financial services companies. He is the president of MMosse Consulting, LLC, where he provides risk management advice and training to the financial services industry.
Previously, he was the head of operational risk management at Prudential Financial, Inc.
Prior to joining Prudential, Mr. Mosse was with The Chase Manhattan Bank, where he held several senior positions in internal audit and risk management
Peter Madigan - the US regulation editor for Risk.net
Mario Mosse has waged a careful campaign to implement Basel II at Prudential, a New Jersey-headquartered insurance company. Delivering value both to senior management and to the business lines is at the core of his strategy.