Fleming Gulf will host Basel II & Beyond: Risk Management Forum in Dubai.

The event, to be held on June 9 and 10, 2008, is a unique gathering that will bring together industry stakeholders involved in risk management from leading local and foreign financial institutions.

All areas of a financial Institutions’ risk fall into the important framework of Basel II to ensure that it is properly dealt with. It is imperative for the risk manager to understand the “spirit” of Basel II and how it affects risk management, said an official spokesman.

This conference will enable the delegate to gain a valuable understanding of the current issues in risk management and how to overcome any challenges faced in the division.

The expert speakers will address the audience with their insights from their practical experience and knowledge and allow a forum for debate. They will share the latest updates on Basel II and successful developments made to deal with risk management in the region.

The aim is to expand the attendees’ knowledge on the trends and challenges facing the financial institutions and maximize the effectiveness in risk management initiatives.

“Embedding Basel II in the business still remains a major challenge in the Middle East. There has been a huge investment to comply with the new standards, yet the key questions of ‘what’s in it for me’ and ‘how to justify the investments” remains unanswered for the management within and outside the risk community. Indeed, many financial firms are still unclear what benefits Basel II will deliver to their organisations and how long it will take to realise them,” said a conference producer at Fleming Gulf Mithun Sundarraj.

This year, the risk management conference agenda will be formulated based on advises and inputs from members of an exclusive advisory committee comprising of senior industry executives and experts. The advisory panelists will aid in the quest for providing high quality education on the most significant topics to ever impact the banking and finance industry.

The event promises to attract a diverse group of delegates from around the local and international market, each a stakeholder in the field of risk management in the financial sector.

The event includes regional and international speakers from regulators, investment, retail, corporate banks and financial institutions sharing the latest tools and techniques in the field of risk management that are extremely essential to strengthen existing systems and processes to successfully confront risk.- TradeArabia News Service