The 4th Annual Risk and Compliance Summit conducted in Mumbai by the Indian Bankers’ Association witnessed participation by Aptivaa Consulting along with several leading bankers and risk management practitioners. Aptivaa’s CEO Mr. Alok Tiwari made an insightful presentation on the Implementation of AMA for 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. Mr. Tiwari compared the various methods of implementing AMA, the advantages of moving towards AMA method and presented the key challenges in effective implementation of the same.

The other speakers at the summit spoke included M Saloni Ramakrishna, Principal Architect – Risk and Compliance Solutions, Oracle Financial Services Software, who spoke on Managing Capital Adequacy & Stress Testing – Practitioner’s View and Krishan Bhandari, Executive Vice President - Risk Management, Indusind Bank who spoke on Market Risk – Internal Risk models. Apart from them, there were panel discussions on Anti Money Laundering Systems and Enterprise Risk Management.