The half-day forum on March 16 will include U.S. and overseas regulators, who will discuss regulatory developments affecting operational risk management. Separate panels will address implementation of Basel II in Europe, the United States, and other parts of the world. William Ryback, deputy chief executive, Hong Kong Monetary Authority, will be keynote speaker.
Philadelphia, Pa. (January 12, 2007)—RMA has announced the addition of a Regulators Forum to its Global Conference on Operational Risk (GCOR) set for March 13-16 in New York City. At the half-day forum on March 16, which is free for conference attendees, senior U.S. and overseas regulators will discuss their views on current regulatory developments. A “Meet the Regulators” reception will be held the previous evening. The forum’s keynote speaker will be William Ryback, deputy chief executive, Hong Kong Monetary Authority, who will discuss operational risk regulation and the broader objectives of public policy.
“The addition of this forum to the conference makes it even more of a ‘must-attend’ event for operational risk managers,” said Charles Taylor, RMA’s director of operational risk. “Throughout the conference, attendees will have the chance to hear the most senior chief operational risk managers in the industry discuss their current concerns and priorities. Participants will gather insights into some of the most critical issues facing the industry today.”
Conference topics range from modeling operational risk capital to best management practices and how operational risk fits into the larger enterprise-wide risk management picture. The financial services industry will be well represented with speakers from all areas, including U.S. and international banks, accounting firms, and regulators. Some of the speakers include Jay G. Newberry, managing director and head of operational risk, Citigroup; Eric Rosengren, executive vice president, Federal Reserve Bank of Boston; Joseph A. Sabatini, managing director, JPMorgan Chase, and chairman of ORX; Yousef A. Valine, executive vice president, Wachovia Corporation, and chairman of AMA Group; Mick Leonard, executive general manager, Commonwealth Bank of Australia; and Penny Cagan, managing director, Algorithmics. In addition to Taylor, Maurice H. Hartigan II, RMA’s president and CEO, will also speak.
For more information about the conference, contact Charles Taylor at 215-446-4126. In Europe, contact RMA’s European director of operational risk, Simon Wills, (44) 1225-430-391.
About RMA
Founded in 1914, The Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk.
Headquartered in Philadelphia, Pa., RMA has 3,000 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by 18,000 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific.
About ORX
The Operational Riskdata eXchange Association is an institutionalized forum for the exchange of operational-risk-related loss information among its members in a standardized, anonymous, and quality-assured form.
ORX, a not-for-profit and member-owned organization, is incorporated in Zurich as a Swiss Association. ORX provides its members:
- Close alignment with regulatory requirements for business lines and loss categories.
- High-quality data on operational-risk-related losses.
- Anonymization of data by an independent custodian.
- Expert scaling and aggregation of data prior to redistribution to members.
- High security levels for data transmission.
Contact:
Kathleen M. Beans
215-46-4095