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IRMSA Conference 2013 - Reflect: React: Restart
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IRMSA Conference 2013 - Reflect: React: Restart

Cost: IRMSA Members - R5 600 (ex VAT) IRMSA Non-members - R6 400 (Ex VAT)

2013/11/26 to 2013/11/27
When: 26 - 27 November 2013
Where: The Ballroom
Gallagher Convention Centre
19 Richards Drive
Midrand, Gauteng 
Contact: Bronwyn Blyth

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Cost:IRMSA Members - R5 600 (ex VAT)
IRMSA Non-members - R6 400 (Ex VAT)IRMSA Conference 2013
Reflect: React: Restart 


IRMSA Members - R5 600 (ex VAT)
IRMSA Non-members - R6 400 (Ex VAT)


The risks that business faces across the globe is in a constant state of flux and requires constant attention by risk managers to effectively deal with the challenges posed.  

The economic collapse – post 2008 – and the numerous localized crises exemplify how quickly the risk landscape can and does change.  Globally the reaction of regulators to these crises and the continued misbehaviour of some banks (HSBC, Stanchart) creates an irreversible change in the nature and extent of risk which forces the method of risk management (both in principle and practice) to evolve in new directions and question traditional risk management practice. 

Those involved in risk management are suddenly faced with new challenges that require additional resources, and to acquire new skill sets that are able to deal, not only with the rapid change but also the management demands it places on a business.  Risks are no longer localized but global, and cross borders with ease. 
Coupled to this is the massive growth in the amount of data about new risks and the recognition that a particular type of risk usually stretches over numerous types of risk. The vigorous nature of developing risks means that traditional and accepted methodologies of risk management must be revisited with a view to creating new risk management techniques, risk frameworks, risk analysis tools and more innovative methods of implementing, monitoring and reporting risks.  The reach of new risks is extensive and intertwined.  Modern risk practitioners must break free from the traditional approach and adopt innovative, creative solutions that can respond quickly and effectively to the evolving risk landscape.  Of crucial importance is the need to recognize that no risk can be isolated and treated singly – a major change is required to understand the connectivity between risks and the manner in which apparently disconnected issues can ignite one another and set in motion chain reactions of events.
To deal with this rapidly changing nature of risk it is necessary to constantly REFLECT, REACT, RESTART. We need to revisit and reassess the manner in which risks are identified, assessed, controlled and prioritized – i.e.. ask whether risk management as we know it is still adequate for its task now and 10 years on and beyond...

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