MUSCAT -- Morison Muscat Causal Capital concluded its first Risk Conference in Oman recently. The conference 'Oman Risk Forum 2007 - Avoiding Basel II Operational Risk Hurdles', was meant to set forth a platform for risk and risk-related professionals of local Omani banks and financial institutions. The participants comprised of risk professionals and risk related professionals from Omani commercial banks, other financial institutions and the Central Bank of Oman.
The conference was facilitated by Martin Davies, Managing Director of Causal Capital Singapore, who is subject matter expert on Operational Risk and an expert in developing risk frameworks for banks. The CBO addressed the local banks on important issues relating to Basel II Accord, implementation and the importance of Operational Risk. Another notable feature was the participation of local banks and other financial institutions.
Mohammed Nasir al Jahadhamy, CBO Executive Vice-President, said: "This is an excellent initiative and the Central Bank of Oman supports such initiatives." The conference covered areas pertaining to Basel II, Basel II implementation, Basel II Operational Risk hurdles, Basel II project management, risk frameworks and Cyber Risk Assessments, Management and Control.
A special presentation was made by CBO's Ravikumar Rangachary on the regulator's perspective of Basel II Accord and its implementation. Dr Rama K Subramaniam, CEO of Valiant Technologies, Chennai, India presented an interesting talk on Cyber Risk Assessment, Management and Controls. Morison Muscat Causal Capital aims to organise the Oman Risk Forum as an annual event, said Antony Isaac, Managing Partner of Morison Muscat Chartered Accountants.
By Staff Reporter
© Oman Daily Observer 2007
