Within the financial services industry, the more widely understood financial risks, such as market risk and credit risk, have taken precedence at both senior management and board levels. But, things change.

The scale and the complexity of the underlying industry risks and the systemic effect of losses incurred to date are too large for regulators to ignore. Recently, operational risk has become increasingly prominent on the agenda of regulators, investors and management.

Operational risk is the risk of direct or indirect losses resulting from inadequate or failed internal processes, people and systems or from external events. It includes, but is not limited to, the risk of inadequate or failed internal systems such as computer failures or fraud, compliance issues, as well as external events, including lawsuits.

Fraud is a major component of operational risk. The New Basel Capital Accord, more commonly known as Basel II, is fundamentally about improving risk and asset management to avoid financial disasters. Compliance requires banking institutions to have sufficient assets to offset any risks they may face.

In collaboration with renowned risk and compliance consultant, George Lekatis, Fusion Frontier is pleased to announce the launch of the Basell II Compliance Training courses in the Asia Pacific region.

Targeted at Risk and Compliance Officers the course is specially designed to provide with the knowledge and skills needed to understand and support Basel II compliance.

For more information, please contact us.