BCBS 239 - Principles of Effective Risk Data Aggregation and Risk Reporting
Led by Mario Mosse
June 1, 2017
10:00 - 11:30 am EDT
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 in January 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 areas of risk aggregation and reporting.
Why you should attend:
Risk management is a key component of every banking governance framework. The BCSB 239 standard sets one clear general objective: "to strengthen banks' risk-data aggregation capabilities and internal risk-reporting practices (the Principles) to enhance risk management and decision-making processes at banks." This key objective is supplemented by providing explicit expected changes within the bank once the bank has implemented the principles.
Areas to be covered during this session:
• Understand the Background and introduction of BCBS 239
• Overarching governance and infrastructure
• Risk data aggregation capabilities
• Risk reporting practices
• Supervisory review, tools and cooperation
• Implementation timeline and transitional arrangements.
• Long term implications.
• Steps to ensure risk data aggregation capabilities and risk reporting practices are subject to strong governance.
• How to enhance the infrastructure for reporting key information, particularly that used by the board and senior management to identify, monitor and manage risks;
• Improve decision-making process & MI timeliness
• How to enhance the management of information across legal entities, while facilitating a comprehensive assessment of risk exposures at the global consolidated level;
• How to reduce the probability and severity of losses resulting from risk-management weaknesses;
• Understand how to Improve the speed at which information is available and hence decisions can be made; and
• How to improve the organization's quality of strategic planning and the ability to manage the risk of new products and services.
Who will benefit from this session:
Banks, Asset Managers, Broker/Dealers, Insurance Companies and all other financial institutions. Supervisors, Financial Officers, Risk Officers, Internal Auditors, Operational Risk Managers, Internal Auditors, Board members, Compliance Officers, Financial Officers, Internal and External Auditors, Regulators who supervise or examine banks or financial institutions, CFOs, COOs, CROs, CIO, CPAs, CBAs.
Registration includes digital copies of program materials, access to each live session, and access to the recorded sessions for 60 days.
Sustaining Members: $110.00
Contributing Members: $125.00
Registration: You may register for this course by clicking on Register at the bottom of the page. For questions regarding registration please contact PRMIA at firstname.lastname@example.org.
Invoicing Requests: Please complete the attached form (group or individual) for invoice requests at least 7 days prior to the program start date. All invoices must be paid in full prior to the start of the course. There is a $20.00 processing fee and an additional $25.00 fee for wire transfer requests.
Cancellation: A refund, less a 15% administration fee, will be made for all cancellations made up to 48 hours prior to the program date. We regret that no refunds will be made after that date.
Important Notice: All courses are subject to demand. PRMIA reserves the right to cancel or postpone courses at short notice at no loss or liability where, in its absolute discretion, it deems this necessary. PRMIA reserves the right to change or cancel the program. PRMIA will issue 100% of the registration refund should cancelation be necessary.
About the Speaker:
Mario Mosse is the President of MMosse Consulting, LLC, a company that provides risk management advice and training to the financial services industry. Mosse has significant experience in the areas of enterprise risk management, regulatory compliance, internal audit and project management at major financial services companies.
He also has extensive knowledge of U.S. and international financial services and products (retail and corporate banking, securities brokerage, investment banking, asset management and life insurance) as well as risk management and internal control frameworks such as Basel III, Solvency II and COSO.
Previously, Mosse was with Prudential Financial, Inc. for 18 years where he was in charge of the company’s operational risk management program. Prior to that, he was the Chief Internal Control Officer for Prudential Securities and Vice President, Management internal Control of Prudential Investments.
Prior to joining Prudential, Mosse spent 19 years with The Chase Manhattan Bank, N.A. where he was in charge of risk management and compliance for the Corporate Finance Sector, South America Regional Audit Executive, and Vice President, General Auditing.
This webinar qualifies for 1.8 CPE credits.
In order to receive CPE credit for any Live Webinar you must: Stay on for the entire program and respond to all questions asked during the Live Webcast in order for the participant to receive the stated CPE credits. Request a certificate at the conclusion of the webinar by emailing email@example.com.
Important Note: Unfortunately, CPE credits will not be awarded should technical difficulties arise. Additionally, we are prohibited from awarding CPE credits to those participants who do not satisfy the attendance and participation requirements set forth for all Live Webcast Events as outlined above.
Prerequisites: PRMIA webinars require basic financial markets knowledge at the BSc level. PRMIA webinars require a prerequisite knowledge and understanding of banking and finance.
Program Level: Intermediate
Delivery Method: Group Internet-based
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June 1st, 2017 10:00 AM through 11:30 AM