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Post-event Press-release The first speaker of the day was Mr. Pramod Vaidya, Head - Risk Management, IDBI Bank. He talked about how risk management leads to an increase in shareholder wealth. He also touched upon the changing ways of managing risk over the years and elaborated on the integrated view of risk across an organization like IDBI Bank. He went on to talk about the importance of risk appetite, volatility measures and capital attribution in risk management. Special mention was made about the risk factor in light of Basel II. He also pointed out the need for adequate redundancies that needs to be built into the system to cushion out the glitches in technology. Mr. Arun Mittal, Head - Treasury Operations, Citibank India was the second speaker of the day. His presentation centered on Risk management in treasury products. He talked about the inadequacy of all the present day models in the estimation of risk. He talked about corporates like Reliance who practice very good risk management which are comparable to those practiced by any of the leading banks. He also touched upon the topic of Asset liability management. Mr. C. Jayaram, Executive Director, Kotak, talked about the current and future trends in asset allocation. He pointed out that India was fast moving from a nation of 'savers' to a nation of 'investors'. He discussed the various popular asset allocation strategies. He also talked about the growing importance of commodity markets and structured products in the present day scenario. Mr. Rajeev Panikath, Vice President (IT), UTI Bank talked about Managing IT risks in banks. He explained the various business challenges faced by present day organizations. He talked about regulatory challenges, including Basel II, AML (Anti Money Laundering), and security and privacy issues. He stressed on the need for application of Information technology to manage these challenges while aligning them to the business strategy. He also talked about the paradox that IT is used to create efficiencies but it ends up squeezing margins in the modern day organizations. He concluded by talking about the controlled risk environment at UTI bank through a feedback-based process. Prof. Sameer Barua, Professor, Finance, IIM A spoke about the measurement and management of portfolio risks. He emphasized on the importance of proper allocation and reallocation of funds across different asset classes. He said that scrip selection ability and market timing ability were the two main criteria in managing a portfolio. Contributed by - |
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