Lunch: 12:30 PM - 1:30 PM

As organizations plan their risk, compliance and audit programs, many will turn to integrated GRC to create an enterprise-wide framework for improving oversight, accountability and efficiency. The key note speaker will draw from extensive consulting and research experience to discuss best practices to follow, pitfalls to avoid, and success metrics to measure when implementing integrated GRC strategies, processes and technology.

Top priorities among the risk professionals in banks include restructuring operational risk infrastructure, adapting to troubling risk trends, monitoring emerging risks, changing the operational risk methodology, and building closer ties with the business. One consistent element running through this list and indeed throughout risk management is the need for more openness and collaboration across the bank. Many believe that eliminating organizational silos and outdated operational risk infrastructure will enable them to become more agile in the face of increasing market volatility, rapid globalization and high complexity.

The Dodd-Frank Wall Street Reform and Consumer Protection Act, together with the rigorous capital and liquidity standards defined by Basel III, represent the most sweeping expansion of regulations for US financial institutions. These acts will reshape the business of banking and the oversight structure impacting US banks non-US institutions and US based non-financial firms.

Although central elements of the Dodd-Frank Act focus on regulating the financial services sector, the legislation also includes provisions to enhance Internal Audit authority and governance in all public companies . For Internal Audit, this new regulatory environment poses both opportunities and challenges. Corporate auditors who move quickly to adapt to the new regulatory regime will find ample ways to provide added value to their organizations.

The panel discussion will revolve around: Key areas of impact under the Dodd-Frank Act The challenges of complying with the Dodd-Frank Act Implications of the Dodd-Frank Act on Regulatory Oversight Emerging role of Internal Auditors in the new regulatory environment Actions to consider in response to the reform A Next Generation framework for managing Internal Audit and Regulatory Compliance Breakout and Networking Session: 4:15 PM - 5:00 PM