The biggest beneficiaries of the crisis will be in Asia, with Asian capitals poised to take on the established international financial centers of Frankfurt, London and New York in the years to come, writes a senior executive from one of the world’s leading banks. In the wake of the recent financial crisis, Operational Excellence in financial institutions has been identified as the key strength to overcoming the dynamic challenges of today’s economic environment.
Operational Excellence strives to instill a culture of effective business process management on an everyday basis throughout the organization rather than adopting a discrete change program to achieve high delivery standards. As part of an organization’
Today, institutions have to perform a delicate balancing act in world of regulated and interlinked economies, wherein a cough in one country can trigger a collapse in another.
Asia is one region which is well-informed of this phenomenon, having experienced it earlier in the economic meltdown of 1997. The lessons learnt from the stumble made Asian regulators more prudent and drove the financial institutions to strive for excellence in their operations. Today, a number of Asian banks are recognized as pioneers and leaders across numerous domains and are some of the strongest organizations in the world. Operational Excellence is the need of the hour, and Asian banks have to ensure the same to maintain their positions as global players.
OPEX Asia 2010, organized by Fleming Gulf together with its advisory panel of notable industry experts, promises to bring together regulators, leaders and implementers from regional and global banks to elicit discussions on opportunities, regional policies, distinct market challenges and strategies on achieving operational excellence amidst change and growth. Singapore, which has been identified as a financial hotspot for the growing Asian markets, will play host to the event between 3rd and 4th August, 2010.
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