Introduction

Andrew Smart, CEO and Founder of StratexSystems, introduces part 2 of StratexSystem’s four part webinar series. In Part Two, Smart explains how organisations can deliver an effective robust risk framework while responding to regulatory action. Part 2 of StratexSystems “How to” webinar addresses seven questions that organisations need to be able to answer as they implement a risk management framework while facing a regulatory action. 

Throughout this webinar we will look at how the credit crunch has affected businesses, particularly financial services and regulated industries, including those affected by Section 166. Smart explains how organisations can respond effectively to regulatory action, supported by experiences with previous and current financial services clients. 

We will look at risk and strategy framework, responding effectively to any specific points of weakness that have been identified by the regulator, the understanding by the board and executive team of the organisation’s risk appetite, the risk management strategy that is in place and how this should be aligned to the business strategy, how the current/planned risk infrastructure supports the organisational strategy and any governance structures that are in place to support the risk management strategy, whilst identifying if the organisation has the necessary risk management embedded into the culture of said business.

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