October 13, 2011
Aptivaa was the gold sponsor of the 3rd Annual Operational Risk Management Forum held at Amwaj Rotana, Jumeirah Beach, Dubai on 10th and 11th October 2011.
The event included presentations from various industry experts, along with panel discussions among operational risk representatives and CRO’s from various banks in the MENA (Middle East and North Africa) region. It provided a common platform for all the industry experts, to discuss existing operational risk management practices and regulatory requirements as per their Central Bank guidelines.
Alok Tiwari, the CEO of Aptivaa was one of the eminent speakers and discussion panel member. He conducted a presentation on road map to Advanced Management Approach (AMA) of Operational Risk Management. The Advanced Measurement Approach (AMA) is a set of operational risk measurement techniques proposed under Basel II capital adequacy rules for banking institutions. Under this approach the banks are allowed to develop their own empirical model to quantify required capital for operational risk. This seminar was part of Aptivaa’s initiative and proactive approach in creating risk awareness and help in fostering an environment which encourages banks to adapt to various changes in the Financial Services Sector.
Aptivaa has a dedicated consulting team highly skilled at accelerating Risk Management Programs and experience at offering Risk Management Solutions to over 75 clients based in U.K., Europe, Asia and the Middle East.