Evaluating the value of operational risk: From risk awareness to regulatory compliance
Ensuring continuous and consistent service to clients and customers is becoming a bigger challenge for financial institutions. The importance of operational resilience is reestablished year after year, following incidents such as the CrowdStrike event and the collapse of SVB. But what are the challenges and key focuses for banks? With the compliance landscape changing as well, it is crucial for banks to consider the operational impact of each risk and how to get ahead of the game.
The risk landscape of Zambia with CRO Mutisunge Zulu
Mutisunge Zulu, Chief Risk Officer, Zanaco Plc, shares operational challenges Southern Africa, particularly in Zambia, focusing on climate change, power generation, and geopolitical influences. He highlights the importance of client-centric approaches and innovative solutions in maintaining resilience, and explores the impact of digital transformation and currency risk management.
From Switzerland to China: the intricacies of risk management across the globe
Michiel Haasbrook, Chief Finance and Risk Officer at BIL Swiss, discusses the most pressing operational risks organisations face today, emphasising human errors and emerging tech risks, such as third-party outsourcing and cyber threats. Additionally, he contrasts the idiosyncratic Chinese financial sector, dominated by state ownership, with the unique compliance risks faced by Swiss private banks, particularly in anti-money laundering controls. The discussion also touches on the impacts of Credit Suisse's merger with UBS and its implications for the Swiss banking sector.
The new regulatory landscape for 2025 and beyond with Bernhard Gehra, BCG
Bernhard Gehra, Managing Director and Senior Partner, North America Risk & Compliance Leader, BCG, explores the rising regulatory scrutiny financial institutions face, and the challenges of managing non-financial risks. He shares strategies for improving fraud vigilance and the crucial role of data in risk and compliance, foregrounding the growing impact of AI and GenAI.
Exploring a new vision for operational and non-financial risk
Learn about the three key areas critical for success in operational and non-financial risk management: managing risk at scale, speed, and through new insights and capabilities. ORX shares its vision for the future of these practices with senior advisor Simon Wills and executive director Dr. Luke Carrivick.
