Jaime Caruana, chairman of the Basel Committee on Banking Supervision and governor of the Bank of Spain will deliver a keynote address at RMA—The Risk Management Association's Global Operational Risk Forum in Paris, France, October 22-24, 2003. Also delivering a keynote address will be RMA Chair Suzanne Labarge, Vice Chair and Chief Risk Officer, RBC Financial Group, Toronto.
Philadelphia, PA (September 16, 2003)— Jaime Caruana, chairman of the Basel Committee on Banking Supervision and governor of the Bank of Spain will deliver a keynote address at RMA—The Risk Management Association's Global Operational Risk Forum in Paris, France, at the Hotel Intercontinental Paris, October 22-24, 2003.
Caruana, who succeeded William McDonough as chairman of the Basel Committee last May, will discuss coordinating regulation and supervision of banks under the revised Basel Accord during his speech on Friday, October 24.
RMA Chair Suzanne Labarge, vice chairman and chief risk officer at RBC Financial Group, Toronto will address "Why Should Senior Management Care Passionately about Operational Risk Management?" She is scheduled to speak on Thursday, October 23.
Operational risk issues are the focus of this forum. Sessions are designed to help financial industry professionals maximize the effectiveness of risk management in their organizations. Topics covered include capital allocation, geographic boundary issues, bank ratings, and incentives and the human factor in operational risk management. Tools for risk measurement and management also will be covered.
"RMA has lined up some of the best world's experts on operational risk to address every facet of operational risk management from a global perspective," said Maurice H. Hartigan II, RMA president and CEO. "This conference will help financial professionals get a firmer understanding of the potential impacts on their organization of the revised Basel Accord. It also presents an opportunity to discuss the issues that affect all global financial services organizations with colleagues from institutions around the world."
RMA is a member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry.
Founded in 1914, RMA promotes an enterprise-wide approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has about 3,000 institutional members that include banks of all sizes as well as nonbank institutions. They are represented in the Association by 16,000 commercial loan, credit, and risk management professionals in the 50 states, Puerto Rico, Canada, and numerous foreign cities, including Hong Kong, Singapore, Melbourne, and London.