Integrated Risk Management

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Presentation transcript:

Integrated Risk Management Hans-Kristian Bryn

Agenda Snooze and lose What is integrated risk management? Journey towards Nirvana

CSFI, Banana Skins 2000

Snooze and lose... CORPORATE GOVERNANCE MARKET OP CREDIT HEAD HEAD OF RISK?? ?

Shareholder value Snooze and lose... CORPORATE GOVERNANCE MARKET OP CREDIT HEAD HEAD OF RISK?? ? Shareholder value

New business model Snooze and lose... CORPORATE GOVERNANCE MARKET OP CREDIT HEAD HEAD OF RISK?? ? New business model

Transparency Snooze and lose... CORPORATE GOVERNANCE MARKET OP CREDIT HEAD HEAD OF RISK?? ? Transparency

Basel drivers Pillar II - regulatory scrutiny of internal capital assessment Expectation of full economic capital process in future Pillar III - external disclosure of capital assessment & allocation processes Basel Diagnostic Tool I

The art of the possible Technology Methodologies

The time has come Don’t wait... …for the markets to arbitrage you out …for your competitors to overtake you …for the next disaster

What is integrated risk management? SHAREHOLDERS RISK DIRECTOR BOARD FINANCE COMPLIANCE RISK INTERNAL AUDIT STRATEGY POLICY STRATEGIC RISK MANAGEMENT BUSINESS UNITS IT SYSTEMS & DATA

Integrated executive information SHAREHOLDERS BOARD SHV RAPM ECONOMIC CAPITAL OPERATING PROFIT ECONOMIC PROFIT IT SYSTEMS & DATA GROUP INTERNAL AUDIT GROUP RISK GROUP FINANCE GROUP COMPLIANCE BUSINESS UNITS

Strategic risk management EC < RISK APPETITE OTHER O M C

Managing risk on an integrated basis pwc

The data integration challenge Source Data Processing & Storage Reporting

Agenda Snooze and lose What is integrated risk management? Journey towards Nirvana

Where are you now? BUILDING VALUE NIRVANA LEADERS THE PACK INTEGRATION

From intellectual challenge to reality CEO CRO Economic Capital Organisation Reporting

Victor Hugo pwc

pwc