On June 25-27, 2007, Exchange held a forum on Risk Mitigation Strategies for Fast-growing Banks in Johannesburg, South Africa. Thirty participants from fifteen small business banks and microfinance institutions attended the Forum. The Forum shared risk management tools for fast-growing institutions, with sessions on how to initiate an enterprise risk management approach, develop stronger credit risk management tools and encourage ownership of risks by bank staff. Exchange drew upon a range of speakers from local banks (NedCorp, First Rand and ABSA) as well as senior managers from payment system and mobile banking providers (VISA, Net1, Wizzit, to name a few). Experts in the areas of credit, operations and risk management joined the group from different parts of the world, facilitating group exercises, discussions and presentations
