HCMC – On 27 November 2007, at Sheraton Hotel, ACB coordinated with Jardine Lloyd Thompson Asia (JLT) to hold a workshop on Basel II and Operational Risk Management to share international knowledge and experience on operational risk management on Capital Accord (Basel II) basis. The workshop captured the attention of managers from the State Bank, commercial joint-stock banks, foreign banks, as well as financial and insurance companies.

The workshop focuses on following topics:

• Basel II in terms of govermental management
• Practical experience on operational risk management from Standard Chartered Bank, one of ACB’s strategic partners.
• Introduction to some measures to reinforce operational risk management and utilization of insurance in operational risk management.

Basel II is an international convergence of Capital Measurement and Capital Standards regarding the strengthening of global management on finance, making good use of profit potential and risk reduction.

The workshop on Basel II and Operational Risk Management held by ACB in coordination with JLT plays an important role in sharing information and experience between Vietnam banks and foreign ones regarding operational risk management for the reinforcement of Vietnam banking development and of international integration.

Highlights of institutions presented in the workshop:

Asia Commercial Bank (ACB): ACB was established in 1993 and was quoted on Hanoi Securities Trading Center in 2006. It is currently the largest bank in terms of market cap and total assets among peer banks and achieved the highest profit in banking industry.

Standard Chartered Bank (SCB): is one of ACB’s strategic partners and a leading international banks in Asia, Africa, and Middle-East Asia. SCB is based in England, with more than 150 years of experience and a wide network of branches in more than 56 countries over 5 continents as well as professional staffs.

Citigroup: is the world prestigious American financial institution with more than 200 millions accounts in over 100 countries. Citigroup is one ACB’s correspondent bank.

Jardine Lloyd Thompson (JLT) Asia is a leading risk management adviser and insurance and reinsurance broker.
JLT Asia was first operational in 1836 and is one of the most experienced brokers in the region with over 600 employees working in China, Hongkong, Indonesia, Japan, Korea, Malaysia, Philippine, Singapore, Taiwan, Thailand and Vietnam. JLT Asia is a member of Jardine Lloyd Thompsons group of companies. It operates out of more than 100 offices in over 30 countries, and employ more than 5,000 personnel worldwide.