4:00 - 4:15pm

Registration

4:15 - 4:30pm

About PRMIA
Péter Rajczy (Steering Committee, PRMIA Hungary) 

4:30 - 5:15pm

Three Lines of Defence - Taking a fresh look at an old model

Hans-Ruedi Schütter (Director,RiskBusiness) 

·  Regulatory expectations
·  Why 3 Lines of Defence models fail
·  8 steps to implement a robust 3 Lines of Defence model

5:15 - 6:00

Improvement of Governance Capability by Implementing Enterprise Risk Management

János Ivanyos (Associate Professor, Budapest Business School) 

Traditional compliance-driven approaches - like the COSO frameworks, the 3 lines of defence model, the SOX or the “comply or explain” type regulations - have been facing to the major problem as there is no evidence that compliance (to any model) really drives business success. On the contrary: all big failure companies of the last decades had been “equipped with” long list of compliance and excellence records for many years. The key problem is that managing compliance issues has only limited focus on lower level outcomes without considering the overall success factors. Integration of risk management into organizational processes - based on the principles of the ISO 31000:2009 Risk Management standard - allows GRC practitioners (board members, directors, risk and compliance officers, internal and external auditors) to change the traditional control or compliance centric approach to objective-driven assessment and improvement of organizational performance.

6:00 - 8:00pm

Refreshments, networking