Seminar on Technology Operations and Risk Management
In this era of advanced technologies, bank supervisors need to be equipped with knowledge and skills on information technology (IT) risks and its management. Recognizing the impact of IT risks on financial institutions, the Asia Pacific Economic Cooperation (APEC) Financial Regulators Training Initiative organized a four-day regional seminar on technology operations and risk management.
Sessions introduced foundational concepts of IT risk, risk management, and integrated supervision. Other topics included cloud computing, cybersecurity, mobile banking, FinTech, and payment systems and operations. This seminar also intended to give guidance on how links between IT and business risks can be made and incorporated into an integrated supervisory approach.
Date | Session / Activity | Presentation Material | Speaker(s) |
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15 May 2018 | Welcome Remarks | Noritaka Akamatsu | |
15 May 2018 | Opening Remarks | Chuchi Fonacier | |
15 May 2018 | Presentation |
Information Technology Risk Supervision Any information technology (IT) risk is expansive, dynamic, and challenging. This presentation tackles the scope of an IT examination and describes the... |
Colin Gavin |
15 May 2018 | Presentation |
Information Technology and Business Risk Business strategies can increase information technology (IT) risk. Learn how to reduce such a risk by getting familiar with major IT initiatives such ... |
Colin Gavin |
15 May 2018 | Presentation |
Information Technology Risk: Cloud Computing Cloud computing has become more popular in many industries, including finance sector. This technology enables easier access and retrieval of data, but... |
Colin Gavin |
Date | Session / Activity | Presentation Material | Speaker(s) |
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16 May 2018 | Presentation |
Information Technology Risk: Cybersecurity Cybersecurity does not recognize borders and it is considered a dynamic risk. Hence, risk management is necessary to make sure that all information are... |
Linda Jeng |
16 May 2018 | Presentation |
Information Technology Risk: Mobile Banking and Payments Completing bank transactions is now easy and convenient as these can be done using your mobile phones. While convenience is a great benefit, it also necessary... |
Colin Gavin |
16 May 2018 | Presentation |
Information Technology Risk: FinTech FinTech is an industry composed of companies that use technology to make financial systems and the delivery of financial services more efficient. FinTech... |
Linda Jeng |
16 May 2018 | Presentation |
Information Technology Risk: Payment Systems and Operations High volume and payment system transactions generate operational risks. This presentation tackles internal control processes that can effectively cover... |
Linda Jeng |
Date | Session / Activity | Presentation Material | Speaker(s) |
---|---|---|---|
17 May 2018 | Presentation |
Information Technology Risk Management: Information Security Information security remains a significant input into the overall assessment of a firm’s information technology environment. This presentation discusses... |
Colin Gavin |
17 May 2018 | Presentation |
Information Technology Risk Management: Data Governance All institutions increasingly depend on system-generated information for decision-making and regulatory reporting. Assumptions by management and examiners... |
Colin Gavin |
17 May 2018 | Presentation |
Information Technology Risk Management: Vendor Management The use of service providers to perform operational functions presents various risks to financial institutions. Some risks are inherent to the outsourced... |
Linda Jeng |
17 May 2018 | Presentation |
Information Technology Risk Management: Disaster Recovery and Business Continuity Unexpected events could bring major destruction or damage to a business entity. Resiliency planning, therefore, is necessary for businesses. This kind... |
Colin Gavin |
Date | Session / Activity | Presentation Material | Speaker(s) |
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18 May 2018 | Presentation |
Information Technology Audit Information technology (IT) audit evaluates risk management, internal control, and compliance with policies. It also helps promote current and sound internal... |
Colin Gavin |
18 May 2018 | Presentation |
Information Technology Governance Information technology (IT) governance consists of the leadership, organizational structures and processes that ensure that the enterprise’s information... |
Linda Jeng |
18 May 2018 | Presentation |
Integrated Supervision Information technology (IT) risks have the potential to impact any and all of the business risks, especially for financial institutions. This presentation... |
Colin Gavin |
18 May 2018 | Examination Practices and Wrap Up | Colin Gavin | |
18 May 2018 | Conclusion and Evaluation | Colin Gavin, Linda Jeng | |
18 May 2018 | Closing Remarks | Ma. Ana Carmela Villegas |