Challenges on a CRO's agenda - get some answers in Madrid

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The CRO’s agenda is more crowded than ever, especially right after the summer time looking towards the end of the actual and the preparations for the new year. Regulators, auditors, boards and investors continue increasing the pressure on financial institutions. In addition to the already known challenges coming from competition, they also need to deal with new accounting rules,  new regulations and business requirements which impact both staffing and systems. Operating risk and finance functions in a more unified, cost-conscious and transparent manner that requires tighter organizational integration and more informed reporting has become key to success more than ever before.

And usually financial institutions are left alone with all these challenges. But there’s some light at the end of the tunnel, more precisely in Madrid, on Sept. 12th, at the SAS EMEA Risk Executive Forum.

There are a number of reasons, why financial institutions should attend this event -  have a look at the TOP 10:

  1. Hear firsthand experiences from various industry experts on the implementation of an extended Risk Management Framework for ECL Calculations and Stage Allocations under IFRS 9.
  2. Get more insights on how such a Framework will also be able to cover the new Stress Testing Requirements
  3. Get prepared for the upcoming challenges of Risk and Finance integration.
  4. Banks and insurance companies will have to deal with new regulations, such as IRRBB, FRTB, new CRSA and new regulatory reporting frameworks. At this event they can learn more about ‘how’ to implement them in time and in budget.
  5. If you’re not sure if you’re missing some items on your agenda, have a look what the CRO of the National Bank of Greece and the CRO of Arch Mortgage Insurance have on their agenda.
  6. Wondering why you should be the early bird when it comes to risk and finance integration? Learn from the Head of Strategic Risk Models Unit at Millenium BCP in Portugal and from the Chief Credit Officer of permanent tsb Ireland, why this is a no-brainer.
  7. You think that only the regulatory authorities benefit from new regulations? As they’re becoming the new normal, you might be interested to see how to convert these challenges into affordable business as usual that could also generate additional value for you.
  8. Model Risk Management, Model Risk Governance  and IRB: topics that make sense to be handled in an integrated fashion. Wondering how? Hear the details from FirstRand in South Africa and Cedacri in Italy.
  9. Wondering why you perceive the current risk management landscape as being only a minefield full of obstacles to be overcome, while you’re missing all the opportunities? Let us help, changing your view on what should really matter to you!
  10. Last but not least: Hey, we’re talking about Madrid, in September. Disfrutad de España ¡y pasadlo bien!

Register now for the 2017 SAS EMEA Risk Executive Forum, where you’ll hear from industry experts about how these trends and changes will affect financial organizations, and from your peers about the lessons they have learned during the implementation of key risk initiatives.

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About Author

Thorsten Hein

Principal Product Marketing Manager

Thorsten Hein is a Principal Product Marketing Manager in the Risk Research and Quantitative Solutions Division at SAS Institute. He specialises in global risk management operations insights in both banking and insurance, focusing on risk and finance integration, IFRS, Solvency regulations and regulatory reporting. He helps risk management stakeholders to go beyond pure regulatory compliance and drive value-based management to maximise business performance, using his wide experience to deliver both business relevance and technical coherence.

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