MDM to present Operational Risk & Stress Testing in Banking Conference 2017

Sep 18th, 2017

Gary Allemann, MD at Master Data Management

Leading banks in South Africa have recently experienced an increase in the number of incidents of risk with major financial implications. These included cybercrime and money laundering which resulted in large supervisory penalties and lawsuits. As such, the need for supervisory scrutiny of both measurement and management practices in operational risk has been amplified.

Trade Conferences International (TCI) will be hosting the Operational Risk & Stress Testing in Banking Conference 2017. The two-day event will take place at the Indaba Hotel, Fourways, Johannesburg from the 20th to the 21st of September 2017. Here, key issues that will be addressed include:

  • Financial stability in South Africa’s evolving financial services industry: identifying and analysing potential risks to financial system stability
  • Implications of a sub-investment grade for South Africa’s financial services industry
  • Assessing the current and upcoming political landscape and incorporating political events into internal operational risk and stress testing processes
  • Basel III implementation in SA banking: positioning for compliance
  • Building an effective operational risk management framework
  • Anti-money laundering and the FICA Act
  • Integration of operational risk in banking
  • Assessing the use of stress testing for setting risk appetite to inform strategic decision making

Gary Allemann, Managing Director at Master Data Management, who has been invited to speak at the event, will unpack governance in the financial industry and touch base on effective risk aggregation, risk reporting and basic governance principles that need to be in place.

“This event will provide a unique platform risk management, stress testing, fraud, analytics, information security practitioners as well as professionals from the banking sector. Furthermore, this event will allow organisations to come together and share latest techniques and insights for building and implementing stress testing models. This will enable them to develop a holistic approach to risk management,” says Allemann.

Allemann will be joined by numerous other industry experts at the Operational Risk & Stress Testing in Banking Conference, including Karin Griffin, Group Head for Operational Risk at Standard Bank; Esti-Mari Langner, Head of Operational Risk at FNB International; Akash Singh, Head of Operational Risk at Barclays Africa and Jaco Swart, Macroprudential Economist in the Stress Testing Division at SARB.