Latest Developments in Managing Operational Risk:
|
|
- Angelica Fox
- 5 years ago
- Views:
Transcription
1 Latest Developments in Managing Operational Risk: The Insurance Perspective 19 March 2004
2 Background Most financial institutions will neither need nor be expected to achieve the complex risk-management practices required by the new Basel Accord for large, complex banking organizations, but their operations will not be unaffected. Success, indeed survival requires that we all adapt. -Alan Greenspan, Federal Reserve Chairman October 7,
3 Introduction Unlocking the value of insurance Case study Keys to optimising insurance Steps to success The way forward Creating the hedge Emerging best practice New vs. old methods of purchasing insurance Aon s role 3
4 Unlocking the Value of Insurance Natural hedge for operational risk Most major operational risks are insurable: Unauthorised trading Product mis-selling Potential to use risk transfer as a capital mitigant for up to 20% of the operational risk charge Integral element of the capital spectrum 4
5 Unlocking the Value of Insurance Case Study Profile of sample institution: Headcount 43,202 Total Assets 353,193 Risk Weighted Assets 228,808 Tier 1&2 Capital 24,468 Gross Income 16,071 * All figures in Euro millions except headcount * Source Adjusted Annual Report 5
6 Unlocking the Value of Insurance Case Study Basic Approach: Min. Regulatory Capital 18,305 12% of MRC 2,197 Capital of Gross Income 2,411 * All figures in millions * Source Adjusted Annual Report 6
7 Unlocking the Value of Insurance Case Study Standardised Approach: Business Lines Weighting Revenue Capital Charge Corporate finance 18% 1, Trading and sales 18% Retail banking 12% 6, Commercial banking 15% 2, Payment and settleme 18% Agency services 15% Asset management 12% 4, Retail brokerage 12% Capital charge 2,131 * All figures in millions 7
8 Unlocking the Value of Insurance Case Study Advanced Approach Basic Approach charge 2,411 less possible reductions : Instituting an AMA approach 362 Maximum allowable for insurance 482 AMA Capital charge 1,567 Total Capital Saving 844 Annual Net Profit Increase 1 68 * All figures in millions 1 Assuming 8% return on free banking capital 8
9 Keys to Optimising Insurance Identification & Risk Mapping Gaining insight into the sources of operational risk Extract existing loss experience Map risk into relevant categories 9
10 Keys to Optimising Insurance Quantification Developing the operational risk profile Determine: Exposures Economic capital requirements Risk dependencies / correlations Cross-validate with qualitative assessment 10
11 Keys to Optimising Insurance Risk Profiling Assessing risk appetite Determine level of risk appetite Establish risk tolerance thresholds Align profile to strategic goals 11
12 Keys to Optimising Insurance Develop the Risk Finance Programme Minimising quantity & cost of capital Risk financing programme: Internal risk finance Insurance Capital markets 12
13 Keys to Optimising Insurance Matching Capital to Exposure Exposure ( b) Expected Loss Retained Loss Contingent Capital Insurance % 60% 70% 80% Cumulative Probability 90% 100% 13
14 The Way Forward Creating the Hedge Contingent Future Clients, Products & Business Practices Internal Fraud External Fraud Executive, Delivery & Process Management Damage to Physical Assets Employment Practices and Workplace Safety Business Disruption and System Failures Capital Relationship Risk People Risks Physical Assets All Risks External Fraud Technology Risk Typical Advanced Fidelity Fidelity ECCP ECCP PI PI D&O D&O EPL Unauthorised Trading Organisational Liability Property All Risks Non-Financial Property All Risks General & Other Liability General & Other Liability Leading edge 0% Operational Risk Protection 100% Hedge 14
15 Emerging Best Practice New approaches to insurance purchase Previous New Budget Based Aligned with strategic Market Availability goals Peer group analysis Economic tool Incentive based across business lines 15
16 Aon s Role Investing in the necessary tools of the discipline: OpBase ORiLDA Extensive expertise in risk assessment and transfer Advising regulators Working with practitioners to take insurance to the next level 16
17 Conclusions Insurance has a significant role to play in operational risk management Maximising the benefits requires a disciplined, scientific approach Early adopters are emerging Competitive advantage if best practice adopted 17
18 Questions? Daniel Butler Telephone:
Risk & Analytics. Trends within Insurance Companies Risk Management. Marc Paasch June Willis Towers Watson. All rights reserved.
Risk & Analytics Trends within Insurance Companies Risk Management Marc Paasch June 2017 2017 Willis Towers Watson. All rights reserved. Key drivers & benefits Outcomes from an analytical approach to own
More informationHewlett-Packard International Bank Plc Basel II Pillar 3 Disclosures Code of Conduct for Basel II Pillar 3 Disclosures Medium Enterprises
Hewlett-Packard International Bank Plc Basel II Pillar 3 Disclosures Code of Conduct for Basel II Pillar 3 Disclosures Medium Enterprises December 2008 Section 1: Overview 1.1 Business Overview Hewlett-Packard
More informationCATELLA BANK S.A. Pillar 3 disclosures (as at 31/12/2013) Anne-Sophie Rotheval, Chief Risk Officer. Date June Board of Directors Distributed to
CATELLA BANK S.A. Pillar 3 disclosures (as at 31/12/2013) Author Anne-Sophie Rotheval, Chief Risk Officer Date June 2014 Board of Directors Distributed to Authorised Management CSSF Date of approval 18
More informationHewlett-Packard International Bank Plc Basel II Pillar 3 Disclosures Code of Conduct for Basel II Pillar 3 Disclosures Medium Enterprises
Hewlett-Packard International Bank Plc Basel II Pillar 3 Disclosures Code of Conduct for Basel II Pillar 3 Disclosures Medium Enterprises December 2009 Section 1: Overview 1.1 Business Overview Hewlett-Packard
More informationPillar 2 for Insurer s:
Pillar 2 for Insurer s: Greater requirements, enhanced value? September 2018 Order of events Presenters: 1. Pillar 2 in context 2. Redefining the standard for Enterprise Risk Management Michael van Vuuren
More informationPILLAR 3 DISCLOSURES MERCER UK AUGUST 2016
PILLAR 3 DISCLOSURES MERCER UK AUGUST 2016 CONTENTS 1. Background... 1 1.1 Basis of Disclosures... 2 1.2 Frequency of Publication... 2 1.3 Verification... 2 1.4 Media & Location of Publication... 2 2.
More informationUBS AG, Mumbai Branch (Scheduled Commercial Bank) (Incorporated in Switzerland with limited liability)
Basel II Pillar 3 Disclosures for the period ended 31 March 2010 Contents 1. Background 2. Scope of Application 3. Capital Structure 4. Capital Adequacy- Capital requirement for credit, market and operational
More informationED&F MAN CAPITAL MARKETS LIMITED PILLAR 3 DISCLOSURES YEAR ENDED 30 SEPTEMBER 2012
ED&F MAN CAPITAL MARKETS LIMITED PILLAR 3 DISCLOSURES YEAR ENDED 30 SEPTEMBER 2012 CONTENTS Page Overview 1 Risk Management Objectives and Policies 2 Remuneration 5 Capital Resources 6 Capital Adequacy
More informationRisk Management. Credit Risk Management
Risk Management The Bank proactively adapted to the New Normal of China s economic and financial environment, strictly performed its duties as a G-SIB and adhered fully to domestic and international regulatory
More informationOperational risk management Meeting regulatory and business expectations
Operational risk management Meeting regulatory and business expectations Jonathan Humphries 3 rd September 2013 Agenda Introduction Why is operational risk important? Key elements of an operational risk
More informationBANK OF AMERICA EUROPE CARD SERVICES (MBNA Europe Bank Limited) Pillar 3 Market Disclosures As at 31 st December 2010
BANK OF AMERICA EUROPE CARD SERVICES (MBNA Europe Bank Limited) Pillar 3 Market Disclosures As at 31 st December 2010 Contents 1 Background 5 1.1 Business of MBNA Europe Bank Limited 7 1.2 Purpose of
More informationALUBAF Arab International Bank B.S.C (c) Basel II -Pillar III disclosures As at 31 December 2013
BASEL II PILLAR III DISCLOSURES 31 DECEMBER 2013 1 ALUBAF Arab International Bank B.S.C (c) Basel II -Pillar III disclosures As at 31 December 2013 Table of Contents 1 Introduction 3 2 Corporate Structure
More informationDriving corporate sustainability through risk management
Aon Risk Solutions Global Risk Consulting Driving corporate sustainability through risk management Risk. Reinsurance. Human Resources. Introduction A changing risk context Sustainability risks are increasingly
More informationUBS AG, Mumbai Branch (Scheduled Commercial Bank) (Incorporated in Switzerland with limited liability)
Contents 1. Background 2. Scope of Application 3. Capital Structure 4. Capital Adequacy- Capital requirement for credit, market and operational risks 5. Risk Management and Control Framework Overview 6.
More informationMAINFIRST BANK AG. BASEL III Pillar 3 - Disclosures as at. 31 December 2014
MAINFIRST BANK AG BASEL III Pillar 3 - Disclosures as at 31 December 2014 BASEL III PILLAR 3 - DISCOSURES AS AT 31 DECEMBER 2014 1 INTRODUCTION GENERAL The main purpose of this document is to set out MainFirst
More informationInfin Markets Limited Regulated by the Cyprus Securities and Exchange Commission License no. 147/11
Infin Markets Limited Regulated by the Cyprus Securities and Exchange Commission License no. 147/11 Independent Auditors report to the Cyprus Securities and Exchange Commission in respect of Infin Markets
More informationED&F MAN CAPITAL MARKETS LIMITED. Pillar 3 Disclosures Year ended 30 September 2016
ED&F MAN CAPITAL MARKETS LIMITED Pillar 3 Disclosures Year ended 30 September 2016 3 London Bridge Street London SE1 9SG Authorised and Regulated by the Financial Conduct Authority Registered in England
More informationCITY OF JOHANNESBURG METROPOLITAN MUNICIPALITY GROUP RISK AND ASSURANCE SERVICES GROUP RISK MANAGEMENT POLICY
CITY OF JOHANNESBURG METROPOLITAN MUNICIPALITY Effective Date 1 July 2015 TABLE OF CONTENTS 1. POLICY STATEMENT... 3 2. POLICY CONTEXT... 4 3. PURPOSE... 5 4. POLICY SCOPE AND APPLICATION... 6 5. RISK
More informationPillar 3 As at 31st March 2011
Pillar 3 As at 31 st March 2011 Purpose of Disclosure This document sets out the Pillar 3 market disclosures for Threadneedle Asset Management Holdings an authorised and regulated limited license firm
More informationCredit Perspectives. Receivables finance. Highlighting solutions to the challenges clients face. In this Issue
Aon Risk Solutions Aon Credit International Credit Perspectives October 2016 Receivables finance Highlighting solutions to the challenges clients face In this Issue 1 Introduction 3 A bank s perspective
More informationMerrill Lynch Kingdom of Saudi Arabia Company. Pillar 3 Disclosure. As at 31 December 2017
Merrill Lynch Kingdom of Saudi Arabia Company Pillar 3 Disclosure As at 31 December 2017 Contents 1. Introduction 5 2. Capital Resources and Minimum Capital Requirements 8 3. Liquidity Position 12 4. Risk
More informationBASEL III PILLAR III DISCLOSURES
BASEL III PILLAR III DISCLOSURES 31 DECEMBER 2017 1 ALUBAF Arab International Bank B.S.C (c) Basel III -Pillar III disclosures As at 31 December 2017 Table of Contents 1 Introduction 3 2 Corporate Structure
More informationRisk An overview and MIS An audit Perspective
Risk An overview and MIS An audit Perspective P.Krishnamurthy 5-11-2012 A global perspective In recent years the audit committee has become one of the main pillars of the corporate governance system. The
More informationBASEL III PILLAR III DISCLOSURES
BASEL III PILLAR III DISCLOSURES 31 DECEMBER 2016 1 ALUBAF Arab International Bank B.S.C (c) Basel III -Pillar III disclosures As at 31 December 2016 Table of Contents 1 Introduction 3 2 Corporate Structure
More informationPillar 3 Disclosures. 31 December 2013
Pillar 3 Disclosures 31 December 2013 Contents 1. Overview... 3 1.1 Background... 3 1.2 Scope of application... 3 1.3 Basis and frequency of disclosures... 3 1.4 External audit... 3 2. Risk Management
More informationDisclosure and Market Discipline Report V.2. Table of Contents
DISCLOSURE AND MARKET DISCIPLINE REPORT 2014 Table of Contents I. Scope of the Report... 3 II. Risk Management Objectives and Policies:... 4 II.1 Risk Management policy:... 4 II.2 Structure of Risk Management
More informationHewlett-Packard International Bank Plc Capital Requirements Directive Pillar 3 Disclosures Code of Conduct for Basel II Pillar 3 Disclosures Medium
Hewlett-Packard International Bank Plc Capital Requirements Directive Pillar 3 Disclosures Code of Conduct for Basel II Pillar 3 Disclosures Medium Enterprises December 2012 Section 1: Overview 1.1 Business
More informationThe New Basel Accord Banks current state of readiness A European perspective
The New Basel Accord Banks current state of readiness A European perspective 14 May 2002 Istanbul Charles Ilako Partner, Head of EMEA Regulatory Practice (Europe) Issues Considered Overall context Basel
More informationPillar III Disclosure Report 2017
Pillar III Disclosure Report 2017 Content Section 1. Introduction and basis for preparation 3 Section 2. Risk management objectives and policies 5 Section 3. Information on the scope of application of
More informationEnterprise Risk Management Integrated Framework
ISACA S IT Audit, Information Security & Risk Insights Africa 2014, Alisa Hotel Enterprise Risk Management Integrated Framework Tony Bediako May 20, 2014 Today s organizations are concerned about: Risk
More informationMODEL RISK: A VIEW FROM THE THIRD LINE. Tom Bryant March 2016 MODEL RISK AN EXPERIMENT INCREASING PROFILE
1 MODEL RISK: A VIEW FROM THE THIRD LINE Tom Bryant March 2016 2 MODEL RISK AN EXPERIMENT INCREASING PROFILE 1 3 MODEL RISK: A VIEW FROM THE THIRD LINE Model Risk in perspective Regulatory context Legal
More informationBasel Committee on Banking Supervision. Consultative Document. Pillar 2 (Supervisory Review Process)
Basel Committee on Banking Supervision Consultative Document Pillar 2 (Supervisory Review Process) Supporting Document to the New Basel Capital Accord Issued for comment by 31 May 2001 January 2001 Table
More informationAshmore Group plc Pillar 3 Disclosures as at 30 June 2018
Ashmore Group plc Pillar 3 Disclosures as at 30 June 2018 Table of Contents 1. OVERVIEW 3 1.1 BASIS OF DISCLOSURES 1.2 FREQUENCY OF DISCLOSURES 1.3 MEDIA AND LOCATION OF DISCLOSURES 2. CORPORATE GOVERNANCE
More informationTD BANK INTERNATIONAL S.A.
TD BANK INTERNATIONAL S.A. Pillar 3 Disclosures Year Ended October 31, 2013 1 Contents 1. Overview... 3 1.1 Purpose...3 1.2 Frequency and Location...3 2. Governance and Risk Management Framework... 4 2.1
More informationRISK MANAGEMENT FRAMEWORK
RISK MANAGEMENT FRAMEWORK 1. INTRODUCTION (Company) acknowledges that risk is inherent in its business. The Company s risk management framework is an important tool to guide the organisation towards achieving
More informationBasel Committee Norms
Basel Committee Norms Basel Framework Basel Committee set up in 1974 Objectives Supervision must be adequate No foreign bank should escape supervision BASEL I Risk management Capital adequacy, sound supervision
More informationInsurance regulation and operational risk
Insurance regulation and operational risk John Thirlwell Non-executive Director, Novae Syndicates Limited London, 7 June 2006 What do we mean by operational risk? The operational risk framework and the
More informationDodd-Frank Act 2013 Mid-Cycle Stress Test
Dodd-Frank Act 2013 Mid-Cycle Stress Test Submitted to the Federal Reserve Bank on July 5, 2013 SECTION TABLE OF CONTENTS PAGE 1 Background to Mid-Cycle Company-Run Stress Test 1 2 Description of the Company
More informationThe New DFSA Prudential Framework
The New DFSA Prudential Framework Agenda 1. Overall Themes and Key Changes 2. Capital Requirements and Implications 3. Credit Risk 4. Operational Risk 5. Market Risk 6. Interest Rate Risk 7. Liquidity
More informationThe Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES
The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES For the period ended December 31, 2015 TABLE OF CONTENTS Page No. Index of Tables 1 Introduction 2 Regulatory Capital 5 Capital Structure 6 Risk-Weighted
More informationPillar 3 Disclosure ICAP Europe Limited
Pillar 3 Disclosure 31 st March 2017 1. INTRODUCTION AND SCOPE The purpose of this report is to meet Pillar 3 requirements laid out by the European Banking Authority (EBA) in Part Eight of the Capital
More informationGuidance Note Capital Requirements Directive Operational Risk
Capital Requirements Directive Issued : 19 December 2007 Revised: 13 March 2013 V4 Please be advised that this Guidance Note is dated and does not take into account any changes arising from the Capital
More informationAddressing Operational Risk by Using a Risk Based Internal Audit Approach: Benefits offered to Romanian Banking System
Addressing Operational Risk by Using a Risk Based Internal Audit Approach: Benefits offered to Romanian Banking System TATIANA DANESCU ANCA MUNTEAN Faculty of Economics, Juridical and Administrative Sciences,
More informationOperational Risk in the Basel framework
Operational Risk in the Basel framework Xavier-Yves Zanota BIS September, 27 Lisboa XV CONFERENCE OF AUDITING, RISK AND GOVERNANCE Risk Governance Presentation agenda Operational risk in the Basel framework
More informationSESSION/SÉANCE : PS-1
1 SESSION/SÉANCE : PS-1 (Joint session) The Insurance Company and Operational Risk SPEAKER(S)/CONFÉRENCIER(S) : Elaine Lajeunesse, FCIA, FCSA, CFA Vice President & Chief Risk Officer, Insurance BMO Financial
More informationP I L L A R I I I D I S C L O S U R E S
H E A L TH W E A L T H C A R E E R P I L L A R I I I D I S C L O S U R E S M E R C E R (IR E L A N D ) LIM I T E D J U N E 2 0 1 7 C O N T E N T S 1. BACKGROUND... 1 1.1 FREQUENCY OF PUBLICATION... 1 1.2
More informationThe Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES
The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES For the period ended June 30, 2015 TABLE OF CONTENTS Page No. Index of Tables 1 Introduction 2 Regulatory Capital 5 Capital Structure 6 Risk-Weighted
More informationPOLICY. Policy Title: Integrated Risk Management. Director, Strategic and Governance Services Centre
POLICY Policy Title: Integrated Risk Management Policy Owner: Keywords: Policy Code: Director, Strategic and Governance Services Centre Risk Management PL201 [rm001] Intent Organisational Scope Definitions
More informationPillar 3 report Table of contents
Table of contents Structure of Pillar 3 report Executive summary 3 Introduction 6 Risk appetite and risk types 7 Controlling and managing risk 8 Group structure 13 Capital overview 15 Leverage ratio disclosure
More informationPillar 3 Disclosures. GAIN Capital UK Limited
Pillar 3 Disclosures GAIN Capital UK Limited December 2015 Contents 1. Overview 3 2. Risk Management Objectives & Policies 5 3. Capital Resources 8 4. Principle Risks 11 Appendix 1: Disclosure Waivers
More informationThe Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES
The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES For the period ended September 30, 2016 TABLE OF CONTENTS Page No. Index of Tables 1 Introduction 2 Regulatory Capital 5 Capital Structure 6 Risk-Weighted
More informationCapital+ Name of the template PRA 101. PRA template version control. 1 Basis of reporting (select from list) 2 Firm reference number (FRN) 3 LEI code
Name of the template PRA template version control Capital+ PRA 101 1 Basis of (select from list) 2 Firm reference number (FRN) 3 LEI code 4 Name of the firm 5 Reporting period start date 6 Reporting period
More informationCapital Buffer under Stress Scenarios in Multi-Period Setting
Capital Buffer under Stress Scenarios in Multi-Period Setting 0 Disclaimer The views and materials presented together with omissions and/or errors are solely attributable to the authors / presenters. These
More informationHPIB Pillar 3 Disclosures
Hewlett-Packard International Bank Plc Capital Requirements Directive Pillar 3 Disclosures Code of Conduct for Basel II Pillar 3 Disclosures Medium Enterprises December 2013 Page 1 of 32 CONTENTS PAGE
More informationDefining the Internal Model for Risk & Capital Management under the Solvency II Directive
14 Defining the Internal Model for Risk & Capital Management under the Solvency II Directive Mark Dougherty is an international Senior Corporate Governance and Risk Management professional and Chartered
More informationDodd-Frank Act 2014 Mid-Cycle Stress Test. Submitted to the Federal Reserve Bank on July 3, 2014
Dodd-Frank Act 2014 Mid-Cycle Stress Test Submitted to the Federal Reserve Bank on July 3, 2014 Table of Contents Section Pages 1. Requirements for Mid-Cycle Company-Run Stress Test 4 2. Description of
More informationMerrill Lynch Kingdom of Saudi Arabia Company. Pillar 3 Disclosure. As at 31 December 2016
Merrill Lynch Kingdom of Saudi Arabia Company Pillar 3 Disclosure As at 31 December 2016 Contents 1. Introduction 4 2. Capital Resources and Minimum Capital Requirements 8 3. Risk Management, Objectives
More informationBCBS Standard for Interest Rate Risk in the Banking Book Objectives, Approaches and Disclosure
BCBS Standard for Interest Rate Risk in the Banking Book Objectives, Approaches and Disclosure Meeting on IRRBB and the Revised Standardised Approach for Credit Risk Sao Paulo, Brazil 27-28 April 2016
More informationIdentifying and taking opportunities to improve performance as well as taking action to avoid or reduce the chances of something going wrong
Risk Management Policy PREAMBLE: Risk management is an approach to decision-making and accountability. Risk management comprises the culture, processes and structures that are directed towards the effective
More informationJourney of a Compliance Officer in ERM Implementation. SCCE Regional Conference September 8, Introduction
Journey of a Compliance Officer in ERM Implementation SCCE Regional Conference September 8, 2017 1 Introduction Is there a formal ERM program within your institution? Is their alignment/coordination between
More informationDRAFT GUIDANCE NOTE ON MANAGEMENT OF OPERATIONAL RISK
DRAFT GUIDANCE NOTE ON MANAGEMENT OF OPERATIONAL RISK RESERVE BANK OF INDIA DEPARTMENT OF BANKING OPERATIONS AND DEVELOPMENT CENTRAL OFFICE MUMBAI INDEX DRAFT GUIDANCE NOTE ON OPERATIONAL RISK MANAGEMENT
More informationPrudential Standard GOI 3 Risk Management and Internal Controls for Insurers
Prudential Standard GOI 3 Risk Management and Internal Controls for Insurers Objectives and Key Requirements of this Prudential Standard Effective risk management is fundamental to the prudent management
More informationLearning Le cy Document
PROGRAMME CONTROL Quantitative Risk Assessment Procedure Document Number: CR-XRL-Z9-GPD-CR001-50004 Document History: Revision Prepared Date: Author: Reviewed by: Approved by: Reason for Issue 1.0 15-06-2015
More informationFinancial Stability Institute
Financial Stability Institute The implementation of the new capital adequacy framework in the Middle East Summary of responses to the Basel II Implementation Assistance Questionnaire July 2004 The implementation
More informationMerrill Lynch Equity S.àr.l. Pillar 3 Disclosures. As at December 31, 2012
Merrill Lynch Equity S.àr.l. Pillar 3 Disclosures As at December 31, 2012 1 2 Contents 1. Introduction 2. Capital Resources and Requirements 3. Risk Management Objectives and Policies 4. Further Detail
More informationBA400 and BA410 Operational Risk. Presenter: Jacques Henning
BA400 and BA410 Operational Risk Presenter: Jacques Henning 2 Operational Risk defined Processes Legal risk Operational Risk People External events Systems 3 Introduction Operational Risk Management Operational
More informationTESCO PERSONAL FINANCE GROUP LTD PILLAR 3 DISCLOSURES FOR THE YEAR ENDED 28 FEBRUARY 2017
PILLAR 3 DISCLOSURES FOR THE YEAR ENDED 28 FEBRUARY 2017 1 CONTENTS: 1. Introduction and Basel Framework 4 2. Disclosure Policy 5 2.1 Frequency of Disclosure 5 2.2 Verification and Medium 5 2.3 Use of
More informationSEPTEMBER 2014 INCORPORATING THE REQUIREMENTS OF THE RESERVE BANK OF INDIA
MUMBAI BRANCH SEPTEMBER 2014 INCORPORATING THE REQUIREMENTS OF THE RESERVE BANK OF INDIA 1 Table of contents Introduction 3 Controlling and managing risk 4 Capital Overview 6 Credit risk management 9 Market
More informationRisk Management Policy
Risk Management Policy April 2017 1 Introduction 1.1 The primary objective of risk management is to ensure that the risks facing the business are appropriately managed. 1.2 Force is committed to ensuring
More informationAUSTRALIA INTERMEDIATED (CGU) INVESTOR BRIEFING
9 March 2012 ABN 60 090 739 923 AUSTRALIA INTERMEDIATED (CGU) INVESTOR BRIEFING Mike Wilkins Managing Director and Chief Executive Officer Peter Harmer Chief Executive Officer Australia Intermediated (CGU)
More informationRISK MANAGEMENT POLICY
RISK MANAGEMENT POLICY Approved by Governing Authority February 2016 1. BACKGROUND 1.1 The focus on governance in corporate and public bodies continues to increase. It resulted in an expansion from the
More informationUnlocking Value with Enterprise Risk Management. presented by Jim Toole, FSA, CERA, MAAA Bob Daino, FCAS, MAAA
Unlocking Value with Enterprise Risk Management presented by Jim Toole, FSA, CERA, MAAA Bob Daino, FCAS, MAAA August, 2009 Our Talk Today Why Enterprise Risk Management? The ERM Process A Risk Vocabulary
More informationPillar 3 report Table of contents
Table of contents Executive summary 3 Introduction 5 Risk appetite and risk types 6 Controlling and managing risk 7 Group structure 12 Capital Overview 14 Credit risk management 18 Credit risk exposures
More informationThe Country Risk Manager as Chief Risk Officer for the Government. Swiss Re, 3 June 2014
The Country Risk Manager as Chief Risk Officer for the Government Swiss Re, 3 June 2014 Agenda Risk management fundamentals across private and public sectors Swiss Re's risk management process as an example
More informationStrategic Risk Management and Balance Sheet Management under the new regulatory environment
Strategic Risk Management and Balance Sheet Management under the new regulatory environment Vishal Kapoor Regional Practice Lead (APAC) Balance Sheet Management, Moody s Analytics 1 Introduction to Moody
More information4. Regulatory capital adequacy
4. Regulatory capital adequacy R 000 28 Feb Composition of qualifying regulatory capital Ordinary share capital (1) 5 649 020 5 649 020 Accumulated profit 11 376 607 10 329 731 17 025 627 15 978 751 Regulatory
More information9 Explain the risks of moral hazard and adverse selection when using insurance to mitigate operational risks
AIM 5 Operational Risk 1 Calculate the regulatory capital using the basic indicator approach and the standardized approach. 2 Explain the Basel Committee s requirements for the advanced measurement approach
More informationOF RISK AND CAPITAL FOR BANKS USING ADVANCED SYSTEMS
ENTERPRISERISK BOARD OVERSIGHT OF RISK AND CAPITAL FOR BANKS USING ADVANCED SYSTEMS Boards can facilitate compliance by exercising oversight of the strategic plan, the wider internal governance structure,
More informationSAIA SAM PSO. Issue 3 / ORSA: meeting the challenge and seeking the value
SAIA SAM PSO Issue 3 / 2011 ORSA: meeting the challenge and seeking the value Insurers preparing for Solvency II are finding that meeting the requirements for the Own Risk and Solvency Assessment (ORSA)
More informationInvestment Management Fundamentals
Investment Management Fundamentals A Three Day Course This in-house course can also be presented face to face in-house for your company or via live in-house webinar The Banking and Corporate Finance Training
More informationBasel & Risk Management
Basel & Risk Management Basel III in detail and a glimpse at Basel IV This course can be presented in-house for you on a date of your choosing The Banking and Corporate Finance Training Specialist Course
More informationSubject SP9 Enterprise Risk Management Specialist Principles Syllabus
Subject SP9 Enterprise Risk Management Specialist Principles Syllabus for the 2019 exams 1 June 2018 Enterprise Risk Management Specialist Principles Aim The aim of the Enterprise Risk Management (ERM)
More informationThe New Capital Adequacy Framework Basel II
The New Capital Adequacy Framework Basel II World Bank/IMF/Federal Reserve Seminar for Senior Bank Supervisors from Emerging Economies Washington, D.C. 17 October 2004 Elizabeth Roberts, Director Financial
More informationBERGRIVIER MUNICIPALITY. Risk Management Risk Appetite Framework
BERGRIVIER MUNICIPALITY Risk Management Risk Appetite Framework APRIL 2018 1 Document review and approval Revision history Version Author Date reviewed 1 2 3 4 5 This document has been reviewed by Version
More informationRisk Appetite Statement
Risk Appetite Statement Vision and strategic goals The University of the Sunshine Coast will be a university of international standing, a driver of capacity building in the Sunshine Coast and broader region,
More informationRynda Property Investors LLP (the Firm )
Rynda Property Investors LLP (the Firm ) Disclosure Statement under Pillar III as at 30 th June 2018 Contents 1. Overview 2. Risk Management Objectives and Policies 3. Capital Resources 4. Capital Adequacy
More informationAdvanced Operational Risk Modelling
Advanced Operational Risk Modelling Building a model to deliver value to the business and meet regulatory requirements Risk. Reinsurance. Human Resources. The implementation of a robust and stable operational
More informationDWS USA Corporation. U.S. Liquidity Coverage Ratio Disclosures. For the quarter ended December 31, 2018
DWS USA Corporation U.S. Liquidity Coverage Ratio Disclosures For the quarter ended December 31, 2018 1 Table of Contents The Liquidity Coverage Ratio (LCR) 3 U.S. Disclosure Requirements 4 U.S. Qualitative
More informationLiquidity & Treasury Management Conference. Reporting to the Board Writing a Winning Treasury Report
Liquidity & Treasury Management Conference Reporting to the Board Writing a Winning Treasury Report Martin Watts Head of Treasury, L&Q email: mwatts@lqgroup.org.uk Introduction Post TSA abolishment, the
More informationICAAP Pillar 3 Disclosure
ICAAP Pillar 3 Disclosure This document is for professionals only Contents A1.1 Introduction 3 A1.2 Risk Framework 4 A1.3 Material Risks 6 A1.4 Capital Resources 8 A1.5 Capital Requirements 9 A1.6 ICAAP
More informationScouting Ireland Risk Management Framework
No. SID 124A/15 Gasóga na héireann/scouting Ireland Issued Amended 20 th June 2015 Deleted Source: National Management Committee Scouting Ireland Risk Management Framework Revision Date Description # 20/06/2015
More informationRisk Based Capital in Banking (Basel II) APRIA Conference
Risk Based Capital in Banking (Basel II) APRIA Conference Dirk McLiesh General Manager Group Risk, Westpac July 7 th, 2008 Contents What is Basel II? What Basel II means for risk based capital at Westpac
More informationA Discussion Document on Assurance of Social and Environmental Valuations
A Discussion Document on Assurance of Social and Environmental Valuations Social Value UK Winslow House, Rumford Court, Liverpool, L3 9DG +44 (0)151 703 9229 This document is not intended to be an assurance
More informationCrown Agents Investment Management Limited. Pillar 3 Disclosures. December 2014
Crown Agents Investment Management Limited December 2014 Page 0 CONTENTS Introduction... 2 Corporate Governance... 3 Risk Appetite... 7 Capital Resource... 9 Capital Management... 10 Risk Categories...
More informationPillar 3 report Table of contents
SEPTEMBER 2015 Table of contents Executive summary 3 Introduction 5 Risk appetite and risk types 6 Controlling and managing risk 7 Group structure 12 Capital Overview 14 Credit risk management 18 Credit
More informationSandell Re Ltd. Financial Condition Report For the twelve month (12) period ending 31st December 2016
Sandell Re Ltd Financial Condition Report For the twelve month (12) period ending 31st December 2016 Sandell Re Ltd. (the Company ) was incorporated in Bermuda on 18th December 2014, and was licensed as
More informationCapital adequacy and risk management
Capital adequacy and risk management 2016-12 Capital adequacy and risk management This information refers to Ikano Bank AB (publ) ( Ikano Bank or the Bank ), Corporate Identity Number 516406-0922. The
More informationMUMBAI BRANCH JUNE 2016
MUMBAI BRANCH JUNE 2016 INCORPORATING THE REQUIREMENTS OF THE RESERVE BANK OF INDIA Introduction 3 Capital Overview 4 Credit risk management 6 Credit risk exposures 7 Leverage Ratio 9 In this report references
More informationPresident s Choice Bank
Basel III Pillar 3 Disclosures President s Choice Bank Page 1 of 16 President s Choice Bank BASEL III PILLAR 3 DISCLOSURES March 31, 2017 Basel III Pillar 3 Disclosures President s Choice Bank Page 2 of
More informationPresident s Choice Bank
Basel III Pillar 3 Disclosures President s Choice Bank Page 1 of 16 President s Choice Bank BASEL III PILLAR 3 DISCLOSURES September 30, 2017 Basel III Pillar 3 Disclosures President s Choice Bank Page
More information