Banks that have otherwise stringent practises across their business have been facing loss of reputation and assets due to non-compliance with a flurry of complex regulations in today’s volatile economic climate. To address this issue, a solid operational risk management programs needs to be put in place.

Regulations like the Basel II guidelines identify crucial elements which are required in order for banks to implement an effective operational risk management programs. The Basel Committee has classified operational risks as the losses resulting from inadequate or failed internal processes, people, systems, as well as external processes, among others. Operational risks span a wide range of internal and external factors. Implementing an effective risk management framework can be a daunting task in such a scenario, where it will need to address needs from across the organization. Not only is the process extremely challenging, it also requires a large number of resources incuding time, capital, effort, employees, and technology. These requirements can be addressed through an effective and efficient technology solution that focuses on streamlining and automating processes.

Join our expert panelists Rajit Punshi, Founder and Managing Principal of The Operational Risk Practice Pte. Ltd and Subharun Mukherjee, Product Marketing Manager for Banking and Financial Services at MetricStream as they explore the various factors necessary to meet compliance requirements in the implementation of Basel II guidelines. During this webinar, the speakers will discuss important topics including:

  • Promoting and enhancing the effectiveness of operational risk management throughout the banking system
  • Overcoming the challenges faced by banks in meeting the Basel II operational risk challenges
  • Insights on Basel II Operational Risk Management - how some of the leading organizations are managing operational risk
  • Frameworks that industry leaders are adopting to drive increased collaboration and transparency
  • Technology for establishing the Basel II operational risk framework and the key criteria for evaluating operational risk software


Attend the webinar
This webinar is scheduled to take place on Wednesday, April 10, 2013 at 10:30 am Gulf Standard Time. To register for this webinar, and to learn more about the webinar and the speakers, please click here.

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

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