Hong Kong Programme - Day 1

08:30 Coffee and registration

09:00 Establishing appropriate governance and culture

• Governance choices: their pros and cons
• Decentralised v centralised approaches
• Identifying drivers for operational risk
• Cultural challenges
• Training the organisation and embedding a culture change
  

10:30 Morning break

11:00 Best practices in loss data collection

• Setting standards and thresholds, policy and procedure
• Practicalities of data collection
• Options for technological solutions
• Cultural challenges
• Legal concerns

12:30 Lunch

13:30 Risk control self-assessments

An introduction to RCSA’s and current best practice case-studies

• Questionnaire-based RCSAs
• Workshop-based RCSAs
• Quantitative v. qualitative information from RCSAs
• Best practices in developing RCSA questions and assessment formats
• RCSA exercise

15:00 Afternoon break

15:30 Taking RCSAs further: combining tests with other risk management techniques in order to develop a robust risk framework

• Consolidating and reporting RCSA results to senior management
• Combining RCSAs and Sarbanes-Oxley
Integration of an operational risk framework with partner activities
• How to link RCSAs with KRIs, loss data and scenarios
• Keeping the RCSAs alive
  

17:00 End of day one