International Conference on Risk Management

Страна: Арабские Эмираты

Город: Dubai

Тезисы до: 20.03.2017

Даты: 27.05.17 — 28.05.17

Область наук: Экономические;

Е-мейл Оргкомитета: dubaimayconf@globalbizresearch.org

Организаторы: SdmImd

 

Conference Objectives:

Global Economic Crisis and Risk-Culture!

Global financial meltdown (2008) has left deeper impact on the banking and financial markets. Of course, we have learnt many hard lessons out of the crisis. The unexpected failure of Lehman Bros.,(September 2008) triggered greater havoc in the markets. Global stock markets fell dramatically and the housing sector suffered heavily triggering drop in prices. The events that followed precipitated the crisis beyond anyone’s imagination. Failure of housing markets, banks, financial institutions, mortgage-lending institutions and insurance entities had its own ‘cascading effect’ on other sectors causing further damage and erosion in shareholders’ wealth, job losses, default on loans and foreclosures.

Researchers in financial markets and risk management institutions articulate on several causes. The most significant among them include lack of understanding of risk management practices, excessive risk-appetite, inadequate policies, procedures & control mechanism, highly complex & risky financial products, failure in governance & internal controls, excessive debt component (high gearing) on balance sheets resulting in poor buffer capital, uncontrolled expansion/predatory lending, CDS market growth, excessive exposure to various risks, weak financial & stress testing models and shadow banking system, among others.

Risk Management! An important Phenomenon!!

The major step for mitigating the above risks should be to identify the different types of risks that might affect an institution. The potential risks include the following:

Business Risk: (Macro policy, legal system, regulatory framework/compliance, country risk, strategic risks etc.,).

Operational Risk: (White-collar crimes, internal and external systems failure, damage to physical assets, delivery and processes etc.,).

Financial Risk: (leverage, inadequate buffer capital, excessive credit, liquidity problems, interest rate volatility, currency volatility etc.,).

In addition, there are many other risks that potentially affect the institutions and their successful functioning. For instance, board failure, management failure, accounting failure, governance failure and regulatory failure do affect the banking and financial institutions putting their survival at risk. (Source: Hennie van Greuning, World Bank Treasury).

For mitigating and minimizing all the above risks, one has to ensure ‘investor confidence’ so that higher volume of investments take place in financial markets.

Against this backdrop, the upcoming conference aims at achieving the following objectives:

a) Improve the current practice in risk management, enhance awareness and understanding of risk management practices in banks and financial institutions;

b) Provide an ideal platform for researchers, economists, bankers and practitioners to network and share their research and practical experience in implementing successful risk management practices in organizations.

c) Sufficiently safeguard institutions from business, financial, operational risk-related failures and avoid exposure to such risks in the future;

d) Suggest suitable risk management systems so that the future of banking and financial systems is quite safe.

 

Веб-сайт конференции: http://globalbizresearch.org/Dubai_Conference_May_2017_2/