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Conference Operational Risk Management was held on April 12, 2016 in Kiev

Sergei Naumov, chairman of the Piraeus Bank, participated in the Fourth Annual Banking Conference, which took place on April 12, 2016 in Kiev. The conference was devoted to sharing experience in effective management of operational risk in banks and implementation of information technology in this field, this states the press service of Piraeus Bank with reference to the Extra Consulting’s official website.

As commented S.Naumov during the panel discussion, about the return of confidence to banks we discuss for 8 years. I think confidence will return in any case. Though there is still no alternative to the banks deposits. At the same time, the National Bank undertakes steps that will recover reliability towards banking system. Cleaning the banking market from the banks with unpure business model – one of the steps. The capitalization of the banking sector – the second. The liberalization of currency legislation, the removal of restrictions – third. If all these measures wil be comprehensively implemented, reliability to the banking sector would return, although, of course, many factors lay outside the National Bank’s influence’.

The aim of the Conference was to overview of the macroeconomic situation in Ukraine, key stabilization factors and share experiences on the prevention of internal and external fraud by strengthening internal controls and information security, business process improvement and effective use of modern information technology in these areas.

During four panel discussions, which were attended by leaders of the NBU, CEOs, operation executives and managers, information security officers, who discussed the key factors how to stabilize the banking system, methods of combating the risks of internal and external fraud solutions to information security problems.

The organizer – the company Extra Consulting. Along with Piraeus Bank, the Global Association of Risk Professionals Management (GARP), Pravex Bank, Raiffeisen Bank Aval, UniCredit Bank participated in the conference.

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