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” 

28^th 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”

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

more information | register

“How to… Lower Operational Losses via Risk Management”

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

more information | register 

“How to… Leverage SharePoint for Risk Management”

30^th 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