Today the scope of regulatory compliance and risk management has become much broader, and the potential impact of noncompliance is significantly high. The risk function at BFSI sector is evolving from being a number-crunching function to a more dynamic business enabler, focusing on risk arising from complex products, diversified operations, diverse workforce, multiple channels and regulatory compliance at regional and global levels. The intent is being on a proactive risk management and mitigation, rather than event-based response. Overall 58% of banks initiated the process of identification of operational risk, however, only 36% public sector banks and 20% of financial institutions have initiated the process of ORM.
Risk management has always been a complex function for banks and financial institutions. Hence Operational Risk Management Summit 2018 focuses on the BFSI sector to discuss the compliance, stay up-to-date on the operational risks & latest legal changes and technology. The summit will have keynotes sessions and discussions from leading industry stalwarts, breakout groups, continuing education, and plenty of networking opportunities.