Workshop: Convergence of risk and regulation
| Date : | This event took place on 18th May 2010 |
Regulation has come a long way, but what changes lie ahead?
Post-financial crisis, firms are facing a new dawn in the way they are overseen by regulators. No longer can retrospective information be generated and filed at the end of the month - more frequent, forward-looking, risk-based reports are the watchwords on the lips of regulators around the world. But with so many disparate IT-systems present within the middle- and back-office, can firms live up to what is expected of them and provide the required consolidated information?
To discuss this topical issue, FRSGlobal hosted a workshop at the Babes-Bolyai University in Cluj-Napoca with the aim to encourage a roundtable discussion between members of the faculty, representatives of local banks and representatives from the regulator, the Romanian National Bank.
The event was moderated by Mrs. Nagy Agnes, member of the board of directors at the Romanian National Bank and an associate professor at the Babes-Bolyai University.
The day's agenda:
- The evolution of regulation and its convergence with risk
by Dr. Willi Brammertz, Senior Risk Advisor FRSGLobal - Risk management in Romanian banks
by Vlad Botos, Babes-Bolyai University - Prudential reporting in Romania
by Dr. Grigore Bace, Romanian National Bank

