BCI NSW Chapter Virtual Meeting
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Webinar Presented by Chris Miller & Aleksander Kovacevic.
The BCI NSW Chapter Team invite you to join us for a Webinar to be held from 4.00pm to 6.00pm (AEDT) on Wednesday 10 February 2021.
Chris Miller, Consultant, Pandemic Recovery, Emergency & Business Continuity Manager, will present on ‘Janus revisited – Pandemic responses, transitions and post-pandemic work and business futures’.
Chris’ presentation will invite us to look back at hasty pandemic responses and review transitions to our new or current COVID normal, and look forward to post-COVID planning for the next normal.
The progressive global ‘roll out’ of COVID vaccines does not put an end to the pandemic. Business continuity disruptions due to COVID are predicted to continue for a further 2 to 5 years, maybe longer. Physicist, Neils Bohr says: “Prediction is very difficult, especially if it’s about the future.” What is clear to all business continuity managers is, we need to prepare for a marathon rather than a sprint.
Aleksandar Kovacevic, Founder and Managing Director of Audeamus Risk will present on ‘Measures that Matter – the Resilience Data quality and its impact on the well-being of the organisation’.
Aleksandar’s presentation looks at the causes and consequences of Operational Risk failures within the Banking and Finance industry that were addressed by the Royal Commission and similar non-compliance events in other countries and industries.
According to the latest research presented by the Basel Committee in Switzerland, results are startling: “We find that, on average for all banks over the sample, it takes 251 days between occurrence and discovery of operational loss events, and 184 days between discovery and recognition. Taken together, this puts the average time between occurrence and recognition of losses at 435 days”.
Aleksandar’s presentation is a deep dive into the Business Impact Analysis (BIA), data quality, current methodologies and examines whether there are some more plausible ways to measure and price operational risk exposures in XXI century.