mike finlay
DESCRIPTION
Chief Executive, RiskBusiness Mike has over 25 years experience in banking and finance, having started out pricing equity derivatives on the Johannesburg Stock Exchange. The majority of his career has focussed on risk, specifically in the middle- and back-office environment. He has been responsible for establishing new business departments in the derivatives area, restructuring international payments businesses, developing regulatory banking law and implementing risk management frameworks in both international banking firms and in large corporate’s. He developed the initial risk management framework for the Bond Market Exchange of South Africa and led the integration of all trading and financial risk management activities across a leading mining and industrial conglomerate, while on the insurance side, Mike worked with insurance companies in developing an operational risk methodology to support the requirements of Solvency II. Mike worked on the development of the KRI Framework underlying the KRIeX.org KRI Library, the development of the KRI Library itself and on the development of loss data consortium requirements for several national and regional banking associations and consortia, as well as leading a large multi-million Euro project in the area of risk and control self assessment. Mike has also led scenario-based ICAAP assessments, assisted firms in achieving AMA accreditation and recently assisted a leading Western European regulator conduct their 2010 AMA accreditation review programme.TRANSCRIPT
Sustainable Banking and Risk Management:
A Global Comparative Analysis
© 2003-2014 RiskBusiness International Limited
Where does Africa rate?• The Economist Business Environment Rankings:
1. Singapore 2. Switzerland 3. Hong Kong 4. Canada 5. Australia 54. South Africa 66. Morocco 67. Tunisia 68. Egypt 75. Algeria 76. Nigeria 77. Kenya 79. Libya 80. Angola
© 2003-2014 RiskBusiness International Limited
Trust in financial services
© 2003-2014 RiskBusiness International Limited
Trust based on evolutionary state
© 2003-2014 RiskBusiness International Limited
Why banks are not trusted
© 2003-2014 RiskBusiness International Limited
Conduct, ethics and culture
© 2003-2014 RiskBusiness International Limited
Issues in “banking for the unbanked”
• M-Pesa• Stokvels• Developed market fund repatriation versus AML
and “blacklists”• Micro-banks• IFI/MDB projects and initiatives• ROI 2013 Study:
- 253 million unique subscribers- Represents 31% of total African population- 18% growth 2008 to 2013- Projection of 37% by 2017
© 2003-2014 RiskBusiness International Limited
What does “sustainability” mean?
• Internal “green” operations?• Project financing and development funding which
is both ethical and “green” in terms of environmental footprint?
• Banks playing a vital role in local economies, providing employment and facilitating commercial transactions?
• The role of banks as financial intermediaries, empowering the individual to make life-altering choices, providing the mechanism for individual and consequently local development?
© 2003-2014 RiskBusiness International Limited
Sustainable service
Produ
ctPrice
Promotion
Place
Trust
Reputation Image
SustainabilityService
© 2003-2014 RiskBusiness International Limited
Questions and Comments
• Contact Details:• Mike Finlay, Chief Executive, RiskBusiness
Telephone : +44 7721 969 224 E-mail : [email protected] URL : www.riskbusiness.com and www.KRIeX.org