Conference

Leading Edge Issues in Operational Risk Measurement

May 29 & 30, 2003

Session Description
The purpose of the conference was to broaden and deepen the understanding within the banking and regulatory communities of leading edge practices in operational risk assessment. In particular, the conference highlighted practices surrounding the four key elements identified as part of the Advanced Measurement Approaches -- internal data, relevant external data, scenario analysis, and business environment and internal control factors -- and the flexible ways these elements can be combined to produce a robust operational risk assessment framework. To this end, the Risk Management Group invited institutions that have had practical experience implementing such frameworks to give presentations on key aspects of the approaches they are pioneering and the lessons they have learned during the process.

Basel Committee on Banking Supervision Risk Management Group

Conference on

Leading Edge Issues in Operational Risk Measurement
Agenda
Thursday, May 29, 2003
8:00 - 9:00 am Breakfast/Registration
9:00 - 9:15 am Conference Opening and Welcome
9:15 - 9:30 am Conference Objectives
Measurement Approaches
9:30 - 10:30 am Loss Distribution Approach
10:30 - 11:00 am Break
11:00 - 12:00 pm Risk Drivers and Controls Approaches (RDCA)
12:00 - 1:30 pm Lunch
1:30 - 2:30 pm Scenario-based Approach
2:30 - 3:30 pm Convergence Across LDA, Scorecard, and Scenario Approaches
  • Panel Discussion and Q&A
    Ulrich Anders, Dredsner Bank
    Mark Lawrence, ANZ
    Anthony Peccia, Bank of Montreal
3:30 - 4:00 pm Break
Current Practice and Emerging Issues at Banks
4:00 - 5:00 pm

Implementing a Comprehensive LDA Approach

5:30 pm Cocktail Reception
Officers' Dining Room - 10th Floor
Friday, May 30, 2003
8:00 - 9:00 am Breakfast
9:00 - 10:00 am

Internal Loss Data Collection in a Global Banking Organization

10:00 - 10:30 am Break
10:30 - 12:00 pm Integrating External Data into the OR Measurement Approach
12:00 - 1:00 pm Lunch
1:00 - 2:00 pm Leveraging Scenario Analysis in an Overall Framework for Operational Risk Management
2:00 - 3:30 pm Practical Experience Using Scorecards, Self-Assessments, and Other Techniques to Allocate Capital and get Business Line Buy-in
3:30 - 4:00 pm Break
4:00 - 5:00 pm Combining Internal Loss Data, Scorecards, and Scenario Analysis
More Information
For more information, please contact Stefan Walter at (212) 720-5487 or Beverly Hirtle at (212) 720-7544