Can Asian Banks Lead the Way in Integration of Risk and Finance?

Banks in Asia are presently struggling and experiencing difficulties and problems related to regulatory reporting where data from risk and finance are not in alignment. Ensuing legislation has led many to attempt the alignment of risk and finance functions today, but a siloed culture still prevails even in areas where responsibility needs to be shared.

Financial and risk reporting have traditionally been undertaken by different teams, using different systems and data to create separate reports, and problems occur due to the lack of communication between risk managers, senior management and the boardroom.

As David Craig, CFO at Commonwealth Bank of Australia, puts it, “risk and finance are inextricably linked.”

The benefits are tremendous. Financial institutions that align risk closest will benefit tremendously from the development of risk and return oriented views of the business, resulting in greater transparency and control over processes, simplifying financial and risk reporting and compliance.

In this teleconsultation you will discover:

• Why your organisation should be concerned about aligning risk and finance
• Problems and  challenges financial institutions face in the attempt to build greater integration across silos
• Practical steps financial institutions can take to comply with regulations while maintaining the competitive edge.

This strictly one hour teleconference session is a must for Heads/Managers of:

• Corporate strategy & development
• Regulatory reporting
• Change management
• Risk management
• Financial management
• Data governance
• Information technology & systems

The panel includes:

• Rajit Punshi, Founder and Managing Principal, The Operational Risk Practice
• John Foulley, Director, Financial Services Analytics, Oracle Financial Services, Asia Pacific & Japan
• Foo Boon Ping, Managing Editor, The Asian Banker

Register Now!

Limited places available! This event is free to attend. To register for the session, please e-mail your particulars (name, designation, contact information) to Jerome Ong at  jong@theasianbanker.com by Tuesday, 27th November 2012 at 5pm (Singapore time) at the latest. We will send you the dial-in instructions prior to the session.