ISO 31000 – The New Global Risk Framework

ISO 31000 – The New Global Risk Framework Helping you understand the critical implementation requirements to embed this new risk standard in your organisation 16 – 19 December 2013 Jumeirah Emirartes Towers Hotel, Dubai, UAE

Optional One Day Workshop On

Basel III Update 15 December 2013 Jumeirah Emirates Towers Hotel, Dubai, UAE

Top 3 Business Benefits

Who Should Attend?

1. Obtain a thorough understanding of the ISO 31000 eleven principles of risk management

• Senior Management exposed to risk and compliance issues • Risk Managers

2. Understand the nature of all five components of the new ISO 31000 risk framework

• Money Laundering Reporting Officers

3. Gain knowledge and be confident to apply the five core processes for managing risk

• Operations Managers

• Fraud Managers • Compliance Officers and staff

• Operational Risk Managers • AML Project Managers and AML Systems development staff

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• Auditors and Internal Control Officers • Regulators and Consultants

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Optional One Day Workshop On

Workshop Overview

Basel III Update

The workshop will review the development of the Basel I and II Accords, with a focus on the shift in capital adequacy perspective.

It will then access the performance of the accord during the global financial crisis, and then will review the processes that led to the current new accord – Basel III and report on the G20 response.

15 December 2013 • Jumeirah Emirates Towers Hotel, Dubai, UAE Workshop Timings Registration will be at 07:30 on the day. The workshop will commence at 08:00 and conclude at 14:30. There will be refreshment breaks at appropriate intervals and lunch will be served at the end of the workshop.

Basel III – Proposed Changes Tier I Capital Some existing Tier I capital will be disqualified on the bases of quality and transparency. The thrust of these changes basis are to make the international banking system more robust to shock.

By attending this one day workshop you will obtain the following key benefits: • Obtain a thorough understanding of the Basel I and II capital requirements and the need for regulatory control • Understand the new requirements of the Basel III minimum liquidity standard • Understand the new requirements for counterparty risk • Become aware of the new countercyclical capital buffers requirements Who Should Attend • Banking Executives • Banking Product Designers • Treasury Managers and Officials • National Banking Supervisors • Compliance Managers • Risk Managers

• • •

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Minimum Liquidity Standard This introduces a global minimum liquidity standard for internationally active banks that includes a 30-day liquidity coverage ratio requirement underpinned by a longer-term structural liquidity ratio. Banks will be required to hold more government bonds on their book, so they can meet liquidity needs for a 30 day exposure, under an acute liquidity stress scenario.

Bank Operation Managers Bank Retail and Corporate Customer Managers Corporate Treasurers and Associated Accounting Staff Internal and External Auditors

Leverage Ratio The leverage ratio will help contain the build-up of excessive leverage in the banking system and introduce additional safeguards against model risk and measurement error.

Counterparty Credit Risk – Derivatives, Repos And Securities The Committee is proposing to strengthen the capital requirements for counterparty credit risk exposures arising from derivatives, repos and securities financing activities. The Basel Committee will also promote further convergence in the measurement, management and supervision of operational risk.

Workshop Introduction At the 12 September 2010 meeting, the Group of Governors and Heads of Supervision, the Oversight body of the Basel Committee on Banking Supervision, announced a substantial strengthening of existing capital requirements. These capital reforms, together with the introduction of a global liquidity standard, deliver on the core of the global financial reform agenda. The Committee’s package of reforms increased the minimum common equity requirement from 2% to 4.5%. In addition, banks will be required to hold a capital conservation buffer of 2.5% to withstand future periods of stress bringing the total common equity requirements to 7%.

Countercyclical Capital Buffers A series of measures to promote the build-up of capital buffers in good time that can be drawn upon in periods of stress. A countercyclical capital framework will contribute to a more stable banking system, which will reduce economic and financial shocks. In addition, the Basel Committee is promoting more forward-looking provisioning based on expected losses, which captures actual losses more transparently and is also less procyclical than the current “incurred loss” provisioning model.

Workshop Content

Mixed Reception Lord Turner, Chairman of the Financial Service Authority (FSA), said the agreement amounted to ‘a major tightening of global capital standards’ that would play a significant role in creating a more resilient global banking system’.

Angela Knight, Chief Executive at the British Bankers Association (BBA), said the move would spell the end of the ‘cheap money era’ as it becomes more expensive to run a bank. She said; “The agreement was likely to see banks hike the cost of credit for borrowers.” The Swiss National Bank (SNB), along with the Swiss Supervisory Authority FINMA, have signaled new tougher responses to the Basel Accord and have not only called for rapid Swiss implementation of the proposals, but have demanded that Credit Suisse and UBS should boost their capital in common equity to 10% by 2019, a stiffer requirement than the one contained in the recently announced Basel III accord. At this workshop, you will find out and get updated on how the new accord affects your business.

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Session One The Beginning • Remembering Basel I – “one size fits all” • Basel II – “The tilted playing field” Session Two Background To Basel III • The calm before the storm – 2007 • The global financial crisis – where have all the banks gone?

Session Three Prelude To A New Dawn • G20 response • The Basel Committee’s comprehensive quantitative impact study (2009) • Basel Committee’s December 2009 consultative document • 26 July 2010 Meeting of Basel Committee on Banking Supervisors • G20 recommendations

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ISO 31000 – The New Global Risk Framework 16 – 19 December 2013 • Jumeirah Emirates Towers Hotel, Dubai, UAE Course Timings Registration will be at 7:30. The course will commence at 8:00 and conclude at 14:30. There will be refreshment breaks at appropriate intervals and lunch will be served at the end of each day’s sessions.

Course Background In November 2009, the International Organization of Standardization (ISO) released the first international risk management standard titled ISO 31000:2009 Risk Management – Principles and Guidelines. The standard aims to provide organisations with guidance and a common platform for managing risk. ISO31000:2009 is separated into three broad areas: • Risk Management Principles (11 principles for managing risk) • Risk Management Framework (5 components to the framework for managing risk) • Risk Management Process (5 processes for managing risk). Risk is now defined as the “effect of uncertainty on objectives”.

Course Overview A management course designed to provide a practical understanding of the new global framework for risk management. It covers five major subject areas from the standard and utilises a variety of training techniques. The key areas of the curriculum include understanding the evolution of the standard, the standards core risk principles, the risk framework design and application, a detailed understanding of the components of the standard and how they work and an understanding of the attributes of enhanced risk management. Emphasis is on practical and pragmatic approaches, rather than theoretical.

Course Objective The goal of this course is to provide you with both an overview of the new global risk framework and an understanding the critical implementation requirements to embed it in your organisation. You will learn how to identify risk issues that have the most significance and learn how to introduce a risk management programme tailored to your respective organisation, based on the ISO31000:2009 principles of risk.

On completion of the course you will: • Be able to provide leadership to your organisation as it translates its risk management practices and processes to the new ISO 31000:2009 risk management framework.

• Know the eleven principles of risk management practice • Be able to develop a risk management framework by understanding the components

Day One Background To The Standard • The International Organization for Standardisation (ISO) • A proliferation of standards • AS/NZS 4360:1995 • The new consensus

Day Three Process For Managing Risk • Establishing the internal and external context • Risk assessment • Developing risk criteria • Selecting treatment solutions

Day Four Attributes Of Enhanced Risk Management • Risk management through the setting of organisational performance goal • Accountability for risk • Risk reporting • Governance performance

Meet Your Expert Course Director Warren F Gillian BSc, BA, MEI has had over thirty years of senior management experience in risk and compliance management. He has been responsible for assisting new and existing businesses in over twenty countries throughout Asia, Middle East and North Africa; develop their unique responses to the changing risk and compliance landscape. In all, over 290 companies within these regions have been assisted by Warren to achieve various degrees of risk and compliance performance enhancement.

He has written and published extensively in local and international media on technical and commercial compliance issues; he has presented and chaired many international conferences and has sat on and chaired numerous international advisory groups.

Warren has also presented and taught an extensive range of risk, compliance, AML and governance topics throughout SE Asia, the Middle East and Australia. He provides high level support to company boards in the area of governance, compliance and in banking sector Basel II and AML compliance.

He was the Deputy Director of the Australasian Risk Management Unit (ARMU), which led a consortium of Australian banks in developing an AML best practice guide. He still maintains academic links as a post graduate lecturer in risk, for Monash University Australia.

He is also a founding director of the International Institute for Enterprise Innovation, a Director of Australasian Compliance Risk Management Pty Ltd and Chairman of the Australasian Risk Management Centre (ARMC). In 2005 he was appointed Professor for Risk and Compliance to the Wharton School of Business.

Would you like to run this course in-house?

Principles For Managing Risk • ISO 31000 value proposition • 11 Core Principles

Day Two Framework For Managing Risk • The mandate • Framework design • Framework integration • Continual improvement

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The in-house training division of IIR Middle East Tel: +971 4 407 2624 • Email: CTS@iirme.com www.iirme.com/cts

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ISO 31000 – The New Global Risk Framework 16 – 19 December 2013 • Jumeirah Emirates Towers Hotel, Dubai, UAE

FIVE WAYS TO REGISTER IIR Holdings Ltd. P.O Box 9428 Dubai, UAE

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DISCOUNTS AVAILABLE FOR 2 OR MORE PEOPLE CALL – +971 4 335 2483 E-MAIL – a.watts@iirme.com BC4830

Course Fee Before 29 September 2013

Course Fee Before 20 October 2013

Final Fee

US$ 995

US$ 1,095

US$ 1,295

ISO 310000 – The New Global Risk Framework (4 Days) 16 – 19 December 2013

US$ 3,895

US$ 4,395

US$ 4,695

Entire Event (5 Days) 15 – 19 December 2013

US$ 4,150

US$ 4,650

US$ 4,950

Event Basel III Update (1 Day) 15 December 2013

Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance.

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All registrations are subject to our terms and conditions which are available at www.iirme.com/terms. Please read them as they include important information. By submitting your registration you agree to be bound by the terms and conditions in full.

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Event Venue: Jumeirah Emirates Towers Hotel, Dubai, UAE Tel: +971 4 330 0000 Accommodation Details We highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the IIR Hospitality Desk for assistance on: Tel: +971 4 407 2693 Fax: +971 4 407 2517 Email: hospitality@iirme.com © Copyright I.I.R. HOLDINGS B.V.

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