EMEA Risk Practice Workshop

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Philippe Meyer - EMEA Risk Practice Manager

One of the most significant lessons learned from the global financial crisis that began in 2007 was that banks’ information technology (IT) and data architectures were inadequate to support the broad management of financial risks.
Many banks lacked the ability to aggregate risk exposures and concentrations quickly and accurately at the bank group level, across business lines and between legal entities. Some banks were unable to manage their risks properly because of weak risk data aggregation capabilities and risk reporting practices. This had severe consequences to the banks themselves and the stability of the financial system as a whole.
In the insurance word, Many Solvency II programs are dominated by model-centric “silo-thinking” with a (too?) high focus on analytical needs of Solvency II (Pillar 1), at the expense of other important elements of a well-functioning risk IT framework, i.e. delivering a firm wide and expandable data warehouse as foundation together with professional yet flexible IT processes and governance to ensure leverage and expansion over time, way beyond Solvency II.

1. Update on Basel III and Solvency II regulatory drivers.
- Learn about recent regulatory evolution, from BIS 'consultative paper to the EU's CRD IV package and the conversion into local banking law.
- Regarding insurance, you will receive an update from the recent EIOPA conference on the implementation deadline for Solvency II measures.

2. Effective risk data aggregation and risk reporting
- Learn about field experience in Basel III consulting, especially focusing on risk system and data architectures to effectively address upcoming challenges (LR, LCR, NFCR…) and supervisory review requirements.
- Learn about our risk reference architecture and how regulatory drivers can trigger thoughts about enterprise-wide financial data warehousing projects accelerated by a blend of BPO (L.E.A.N. Six Sigma), business consulting and BI architectural best practices.

3. Case studies: a transversal approach to Basel III at AXA Bank
- Learn how AXA Bank has chosen to address the challenges of Basel III across the firm absorbing the increased focus on liquidity and financial management as well as transversal data management.
- Learn how AXA Insurance has chooses to work with Business & Decision to build a business case around delivering a financial data warehouse and redesigning internal IT and business processes.

4. Interactive discussion
Learn how to prepare the field to handle the change. From a delivery viewpoint, Business & Decision has the chance to address all topics and cover the entire scope for the customer (one-stop-shop including the bridge between financial risk consulting, EIM and BI expertise).

- Banking reference architecture
- Approach to “solution selling”
- Successfully mixing concepts of business consulting and system integration
- How you can use the services of the EMEA risk practice