Is UBS scandal our fault?

Following revelations of UBS’ £1.3bn rogue trader disaster, the Swiss bank has had its credit ratings put under review for possible downgrade by Standard & Poor’s and Moody’s Investors Service.

The main criticism seems not only to be of Mr Kweku Adoboli, but of UBS’ risk management abilities, with Moody’s stating:

We have continued to express concerns with regards to the ability of management to develop a robust risk culture and effective control framework while at the same time trying to re-establish its position in certain market segments

This begs the questions “What should UBS have been doing differently?” and “Will this push them to transform their risk culture?”

However, at StratexSystems we’re wondering whether the real question is “Was our webinar “How to deliver an effective, robust risk framework while responding to a regulatory action” simply scheduled a month too late?”

Register here

Strategy and Risk “How to…” Webinar Series

StratexSystems is pleased to announce a four-part series of “How to…” webinars which address Strategy and Risk Management related challenges, and offer innovative solutions, expert advice and tips to overcome them. It is a chance for you to gain insight and hear how other clients have delivered robust strategy and risk management frameworks and processes enabled by our proven technology solution, StratexPoint.

These webinars are aimed at the CRO, CFO, CIO, Head/Director of Operational Risk, Head/Director of Finance, Head/Director of Strategy, Head/Director of Compliance, Head/Director of IT, and other professionals who deal with RMP/Section 166 actions, Basel 3, Solvency2, Dodd-Frank regulations etc.

The “How to…” series is as follows:

“How to… Integrate Strategy and Risk Management” 

28th September 2011, 16:00 BST / 11:00 EDT

More information | Register

“How to… Deliver an Effective, Robust Risk Framework while responding to a Regulatory Action”

19th October 2011, 16:00 BST / 11:00 EDT

more information | register

“How to… Lower Operational Losses via Risk Management”

9th November 2011, 16:00 GMT / 11:00 EST

more information | register 

“How to… Leverage SharePoint for Risk Management”

30th November 2011, 16:00 GMT / 11:00 EST

more information | register

Part 1 - How to… Integrate Strategy and Risk Management - 28 Sept '11

Would you like to integrate your risk management process within an overall strategic framework?

Would you like to embed risk appetite into the overall strategy process?

Would you like to support the embedding and cascading of an integrated strategy and risk framework with technology?

Join us for the first of four webinars in our “How to…” series – “How to Integrate Strategy and Risk Management”

Register here

During this webinar, StratexSystems will:

  • Provide insight on how to develop an integrated strategy and risk management process
  • Show how that process can be cascaded and embedded within the organisation
  • Explain the role risk appetite has to play in the strategy process
  • Reveal some tips on building a culture of accountability
  • Demonstrate how an integrated approach to strategy and risk management can be enabled via StratexPoint, a SharePoint-based GRC solution

Details:

Wednesday, 28th September, 2011. 16:00 BST / 11:00 EDT

Register here

Part 2 – How to… Deliver an Effective, Robust Risk Framework while responding to a Regulatory Action - 09 Nov. '11

Is your organisation facing the challenge of a regulatory action, such as a RMP or Section 166?

Are you leading your organisation's regulatory response, whether to Basel 3, Solvency 2 or Dodd–Frank, and wondering where to start?

Do you want to drive real business value from your risk and regulatory initiative rather than simply tick regulatory boxes?

Join us for the second of four webinars in our “How to…” series – “How to deliver an effective, robust risk framework while responding to a regulatory action”

Register here

During this webinar, StratexSystems will:

  • Provide insight into how clients have been successfully delivering their framework in response to regulatory action
  • Show how to deliver real, tangible business value alongside meeting regulatory obligations
  • Touch on all aspects of the delivery of risk framework, from managing the programme to developing a robust risk framework
  • Offer tips on embedding a culture of accountability
  • Demonstrate how technology can be used as an enabler

Details:

Wednesday, 9 November 2011. 16:00 BST / 11:00 EDT

Register here

Part 3 – How to… Lower your Operational Losses via improved Risk Management - 9 Nov '11

Is it time your organisation gained better control on risk events and operational losses?

Would you like your organisation to have the processes and systems in place to manage operational losses, identify root causes and deliver corrective actions?

Does your organisation need to move beyond a manual spreadsheet based operational losses process to one integrated within an overall GRC solution?

Join us for the third of four webinars in our “How to…” series – “How to lower your Operational Losses via improved Risk Management”

Register here

During this webinar, StratexSystems will:

  • Outline an 8 step process for managing risk events and losses, from capture to resolution
  • Explain how managing risk events and losses can be integrated into your overall enterprise strategy and risk management processes
  • Explain how risk events and losses create powerful feedback loops that can drive improvements in strategy and risk management
  • Explain how this approach has enabled one of StratexSystems' clients to reduce operational losses by 60% while achieving similar improvements in their regulatory capital position

Details:

Wednesday, 9th November 2011. 16:00 GMT / 11:00 EST

Register here

Part 4 – How to… Leverage SharePoint for Risk Management - 30 Nov '11

Do you need to deliver an effective strategy and risk management process?

Do you need to reduce operational losses and the cost of compliance?

Do you need to simplify your IT environment and eliminate ad hoc spreadsheets and systems?

Is it time to improve your Risk Management technology?

Join us for the last of four webinars in our “How to…” series – “How to Leverage SharePoint for Risk Management”

Register here

During this webinar, StratexSystems will:

  • Discuss some of the risk and regulatory challenges facing the financial services industry today
  • Discuss the role a sound methodology and robust technology can play in meeting risk and regulatory challenges today
  • Provide an overview of the StratexPoint GRC solution including outlining why it is the right solution for SharePoint users to adopt
  • Finally, we will provide a demonstration of how StratexPoint enables Strategy and Risk Management, including Strategy Mapping, Risk and Controls Assessment and the alignment of risk appetite to strategy

Details:

Wednesday, 30th November 2011. 16:00 GMT / 11:00 EST

Register here

Upcoming Stratex Systems events (copy of email)

“StratexPoint enabled us to reduce our operational losses by 60% and our economic capital provision by 23%” - Head of Operational Risk – Financial Services.

Stratex Systems invites you to join us to learn how organizations like yours are employing our Enterprise Risk Management solutions to deliver strategic business value.  Our webinar, Leveraging StratexPoint for Enterprise Risk Management, will discuss how you can –

  • align risk appetite with risk exposure
  • reduce operational losses
  • integrate strategy and risk initiatives
  • provide a sustainable risk management culture that actually influences daily decision making
  • anything else you might want to add  – click here to submit a question

Click here for more information

About StratexPoint

StratexPoint is an enterprise-wide performance and risk management solution. Built on Microsoft's SharePoint platform, it helps organisations clarify their strategic objectives and determine how much risk they are prepared to accept in the execution of their strategy.

Click here for a client case study

Also, mark in your calendar for our upcoming events

8 March - Webinar, Leveraging StratexPoint for Balanced Scorecard.

23 March -Executive briefing (with Microsoft UK) – Enabling Enterprise Risk Management

We look forward to you joining us.