March 05, 2014

APTIVAA was the Knowledge Partner in the Risk & Compliance 8th Annual Summit recently organized in Mumbai by Fintelekt, a specialist in producing research and conferences in banking, financial services and insurance in India, on 5th March, 2014. The summit was solicited by the presence of various senior speakers from banks and consulting firms.

This annual conference discussed the top priorities and key issues faced by risk management and compliance departments of banks in India. It consisted of a number of panel discussions and presentations on the recent guidelines proposed by Basel related to various aspects of Risk Management like Stress Testing, Risk Strategies and Risk-based Supervision, and their relevance to the Indian Banking Sector. The panel discussions covered topics on “Moving to an Integrated Risk Approach” and “Discussion on the New Guidelines on Stress Testing”, two very relevant subjects of the present times. Senior personnel from Standard Chartered Bank, ICICI Bank, Bank of Baroda, Kotak Mahindra Bank, HDFC Bank, IDBI Bank and Axis Bank participated in the panel discussions. Alok Tiwari, CEO, Aptivaa and Sandip Mukherjee, COO, Aptivaa were the moderators in the panel discussions. Ashley Cherian, Senior Manager, Aptivaa, delivered a presentation on  “Risk Data Aggregation and Reporting” wherein he brought out crucial points on relevance of BCBS 239 in Indian banking, principles v/s prescriptive approach for risk data management and requirements for Risk data and reporting, functional coverage and technology. Very insightful presentations were also delivered on Sanctions & Reputation Risk, Best Practices for Running an Efficient Compliance Function and The Role of Internal Audit and Training in Risk Management by other senior speakers.

Fintelekt and Aptivaa have been instrumental in organizing and providing such a platform successfully year after year where all the recent developments can be discussed from a very open and practical perspective. Such kind of conferences will surely contribute to a more matured approach of banks in identifying and mitigating risks in an effective as well as preventive manner.