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Global Financial Markets Intelligence

Global Financial Markets Intelligence

Operational Risk under the SMA and the Future of Operational Risk Modelling

A two-day interactive course exploring the knows and unknowns of the SMA and what role more quantitative approaches to operational risk, including the AMA, will play in the future

21-22 Sep 2017
London, United Kingdom

Why You Should Attend

Operational Risk under the SMA and the Future of Operational Risk Modelling

To ensure we meet your expectations and maximise your return on training investment, we favour a classroom/workshop style set up for the delivery of our courses. Please note we have therefore limited number of spaces available and these will be assigned on a first come, first accepted basis. We recommend early booking to avoid disappointment.


The future of operational risk modeling is up in the air: How should firms adapt to the new requirements?

How will you benefit?

Few things have failed so spectacularly during the 2008-09 financial crisis as the assessment of risks and the related prudential system of capital requirements. Up until recently, firms have worked on  increasing resilience, higher prudence, and reduced reliance on quantitative techniques, yet more quantitative approaches were not entirely neglected, with firms needing to manage pillar 2 capital charges. Yet this has all been thrown up in the air by the recent announcement that the SMA will replace the former Basel operational risk methodologies. What does this means for the future of operational risk capital and the legacy of the AMA?

About your expert trainer:

Sergio Scandizzo is the author of Risk and Governance: A Framework for Banking Organisations, The Operational Risk Manager’s Guide, now in its second edition, and of Validation and Use Test in AMA, all published by Risk Books. Sergio was also a contributing author to the award-winning Risk Books title Advanced Measurement Approach to Operational Risk, edited by Ellen Davis. He is Associate Editor of The Journal of Operational Risk and the author of several journal papers on fuzzy logic, genetic algorithms and risk management. In 2009 he was recognised as one of the “Top 50 Faces of Operational Risk” by OpRisk and Compliance magazine.


His next book is The Validation of Risk Models: A Handbook for Practitioners, published by Palgrave Macmillan (forthcoming in March 2016).

Sergio is currently Head of Model Validation at the European Investment Bank (EIB) in Luxembourg. Prior to his position at the EIB he was a principal in the London office of PricewaterhouseCoopers and, prior to that, a senior manager of the Operational Risk Group at the Canadian Imperial Bank of Commerce in Toronto. He holds degrees in computer science and finance.

Pre-course questionnaire:

A detailed questionnaire will be sent to all course participants to establish exactly where the group training needs lie. The completed forms will be analysed by the course leader/trainer and followed by telephone if further clarification is required. As a result we can guarantee that the course is pitched at exactly the right level and that the issues that you regard as relevant are addressed. The course material will reflect these issues and will enable you to digest the subject matter after the event in your own time.

Who should attend?

From Banks and Insurance companies

Vice Presidents, Directors, Senior Managers in:

  • Operational Risk
  • Operational Risk Quantitative Team
  • Internal Audit
  • Regulatory compliance

Why Choose GFMI marcus evans?

marcus evans specialises in the research and development of strategic events for senior business executives. From our international network of 63 offices, marcus evans produces over 1000 event days a year on strategic issues in corporate finance, telecommunications, technology, health, transportation, capital markets, human resources and business improvement.

Above all, marcus evans provides clients with business information and knowledge which enables them to sustain a valuable competitive advantage and makes a positive contribution to their success.

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Event Contact

For all enquiries regarding speaking, sponsoring and attending this conference contact:

Gareth Banks

101 Finsbury Pavement
London EC2A 1RS

+44 (0) 20 3002 3400
Fax: +44 (0) 20 3002 3016
Email: garethb@marcusevansuk.com