03 October 2012
Fraud and operational risk-who gets the blame - the CEO, the CFO or the CRO?
Zsolt Eötvös, CFO, Zuno Bank; Alexandra Moniakis, Head of Group Operational Risk & Control Management, Hypo Alpe Adria Group; Filip Verbeke, Regional Executive Fraud Solutions, SAS South West Europe; and Christian Pibitz, Chief Security Officer, Head of Group Security Management, Erste Group
The topic of “bad behaviour” is becoming increasingly key for all institutions but banks are leading the pack in defining ways to prevent, diagnose and certainly in trying to set up a mind-set and culture for a better future. But there is an increasing trend to hold top management responsible - is this something here to stay? What will be the new role of regulators - how much more will theystep in to assure compliance? Will this be changed as this trend spreads to other sectors outside the banking and insurance industries? Or can one create a culture that Risk is everybody´s business and lay the blame exactly at the culprit´s feet?
The discussion will be moderated by:
Thomas Labenbacher, VP Payment ServicesRaiffeisen Bank International, Founder and Co-Chair of the Financial Service Club CEE
Lydia J. Goutas, Managing Partner, Lehner Executive Partners, Co-Chair of the Financial Services Club CEE