KARACHI: Keeping a risk register will allow financial controller and finance mangers to keep track of all risks and risk mitigation steps taken in a defined period, advised the key speaker at a seminar, Faisal Umair. Operational Risk Management was discussed at the seminar organised by the Southern Regional Committee of the Institute of Chartered Accountants of Pakistan (ICAP) at the ICAP-Moosa D Desai Auditorium,ICAP House, Clifton, Karachi. Main focus was given to how financial institutions in Pakistan can improve their global reputation by improving and implementing risk management. Some basic risk mitigation techniques were also discussed, like insurance and hedging techniques to mitigate foreign exchange and overseas losses.
Published in The Express Tribune, July 23rd, 2011.
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