Collaborative Risk Management - The future of enterprise risk management (ERM)
The future of the financial industry is inextricably bound together with the future of risk management. The financial crisis exposed the fact that many firms were not fully aware of the risks they were facing, some even failed to understand what CDOs were. Many financial institutions have been disillusioned by the failure of previous projects to reduce risk but it is not something that can be ignored. The impact of regulation has taken centre stage post-crash and FI plans are now based around introducing tactical, compliance-focused risk management solutions.
While these short-term tactical actions are necessary, they need to be taken in the context of a long-term strategy for solving the problems around risk management. Identifying these problems is easier said than done. The results in the recent Chartis survey, entitled Collaborative Risk Management, show that firms are moving from centrally controlled, top-down risk management towards collaborative risk management based on encouraging all areas of the bank to take responsibility for risk management. This webinar examines the findings and explores how firms can implement collaborative risk management.
Speakers
• Peyman Mestchian - Managing Partner of Chartis Research
• Thierry Truche - Head of Product Management, MGR, Misys
Moderator
• Neil Ainger - editor-in-chief of bobsguide, an Association for Financial Professionals Company