Modelled vs Non-Modelled: What Works for Operational Risk under ICARA?
Description
As firms continue to navigate the ICARA framework, one of the most challenging decisions remains whether to adopt a modelled or non-modelled approach to operational risk capital. While larger firms often have the scale and infrastructure to support modelling, many firms face a more nuanced choice balancing proportionality, credibility, and regulatory expectations.
This session will provide a practical, market-informed perspective on the options available, including both modelled (e.g. scenario-based LDA) and non-modelled approaches. We will explore the advantages and limitations of each, how firms can select an approach aligned to their business, and what “good” looks like in practice from a governance, data, and implementation perspective.
Drawing on real-world experience, the session will also cover key challenges such as integrating internal and external data, designing robust scenario frameworks, and ensuring approaches remain proportionate while meeting increasing regulatory scrutiny.
This webinar will not be recorded.
SPEAKERS
- William Shields, Director | Financial Risk Management, Deloitte LLP
- Louis-Philippe La Rocque, Director | Consulting | Financial Services, EY
- Steven Hughes, Enterprise Risk Consultant, M&G plc
- Mushfiq Ahmed, Head of Operational Risk EMEA, Janus Henderson Investments
- Zainab Yazdansetah, Senior Policy Adviser, The Investment Association
WHO SHOULD ATTEND
- Risk
- Finance
- Operations
- Head of Risk
- Head of Finance
- Head of Operations
- Head of Operational Resilience
PRICING
Free to attend.