Operational Resilience in the Financial Sector: Practical Guidance

In this webinar hosted by Banking Virtual Forum (BVF) held on 28 October 2025, the speakers will provide an overview of the key changes to the capital requirements for banks under finalized Basel III – their background, implications and considerations going forward. Speakers: Monique de Waal and Stephen Scott Moderator: Michael Tichareva

The fundamental question that the Internal Capital Adequacy Assessment Process or ICAAP seeks to address is: “Will the board be able to distribute its forecasted dividend payout to ordinary shareholders, whilst meeting its regulatory constraints (across capital, liquidity, funding and leverage)?” In order to address this question, the bank must assess the Institutions: • Business model and operating environment • Material risk profile • Risk Appetite statement • Capital planning and forecasting • Enterprise-Wide Stress Testing (EWST); and • Management action (risk mitigation plan) to provide a sufficient level of assurance to The Board that the Institution’s reputation will be preserved in-light of the forward-looking market disclosure.

ESG Risk – Learnings from the Banks
As global stakeholders intensify their focus on environmental, social, and governance (ESG) performance, financial institutions are emerging as both catalysts and case studies in the ESG transition journey. This webinar, "ESG Risk: Learnings from the Banks", explores how leading banks have navigated the complex shift from ESG intention to execution. Drawing on real-world strategies, governance structures, and disclosure practices, we will unpack key lessons from the sector—ranging from integrating ESG risk into credit assessment and capital allocation to tackling data gaps and aligning with regulatory frameworks like the ISSB and EBA Guidelines. Join us to uncover what the banks have done right, where challenges remain, and what these insights mean for your organization’s ESG roadmap.

Speakers: Andries Schutte and Lizette Strauss

Part 2: Unlocking New Horizons: Actuaries Beyond Insurance and Pensions The Fundamental Review of the Trading Book (FRTB) was introduced by the Basel Committee on Banking Supervision (BCBS) in the years following the Great Financial Crisis of 2007-2009. Its aim was to revamp the approach to calculating market risk-based capital requirements for trading activities. This two-part webinar series provides an opportunity to learn about market risk management in banking, how actuaries can assist with market risk measurement, and an introduction to the Basel III FRTB regulation. The series also presents a hypothetical case study for calculating market risk capital under the FRTB's standardized approach, which is the default market capital requirement for all banks within its scope.

Part 1: Unlocking New Horizons: Actuaries Beyond Insurance and Pensions The Fundamental Review of the Trading Book (FRTB) was introduced by the Basel Committee on Banking Supervision (BCBS) in the years following the Great Financial Crisis of 2007-2009. Its aim was to revamp the approach to calculating market risk-based capital requirements for trading activities. This two-part webinar series provides an opportunity to learn about market risk management in banking, how actuaries can assist with market risk measurement, and an introduction to the Basel III FRTB regulation. The series also presents a hypothetical case study for calculating market risk capital under the FRTB's standardized approach, which is the default market capital requirement for all banks within its scope.

Historically, the actuarial profession has been synonymous with the insurance and pension industries. However, the technical skillsets and professional standards offered by the profession can be applied across diverse industries and sectors. Banking and finance is one of the prominent industries where actuaries can add tangible value by undertaking non-traditional roles. Even though banking business models have evolved significantly, bank’s overall profitability remains primarily driven by net interest income (NII) arising from their core banking book. Over the last decade interest rate environments across the globe have demonstrated significant volatility, which has led to adverse impacts on net worth and profitability for banks. In order to curb the impact of adverse interest rate movements on banks' resilience & profitability, banks need a robust framework to measure, manage, and set aside adequate capital for interest rate risk in the banking book (IRRBB). This webinar offers the application of practical examples on the measurement and modelling of interest rate risk for banks and how actuaries can assist banks with the same scenarios.