| Ian
H. Giddy is a professor of finance at New York University's Stern School
of Business. During the past 25-odd years, Dr. Giddy has taught numerous
short courses and workshops at many of the world's leading financial institutions,
corporations, universities and government agencies. These include Citibank,
Bank of America, Chase Manhattan Bank, JP Morgan, Price Waterhouse, U.S.
Treasury Department, Comptroller of the Currency, Shearman & Sterling,
USICA, Manufacturers Hanover Trust, Claremont Economics Institute, Barclays
Bank, Credit Suisse, First Boston, Deutsche Bank, HypoVereinsbank, Swiss
Bank Corporation, General Electric, Bank of Boston, Morgan Stanley, Drexel
Burnham Lambert, IBM, Yamaichi Securities, Grupo Espirito Santo, Royal
Bank of Canada, Chemical Bank, Reeves Industries, Bouygues, PDVSA (Venezuela),
UNISA (South Africa), The World Bank, International Monetary Fund, Republic
of Turkey Ministry of Finance, Prudential Securities, Banco Santander,
Reserve Bank of India, Bank Negara Indonesia, Bank Utama Malaysia, Institute
of Bankers of Malaysia, Singapore Institute of Management, Korea Institute
of Finance, Samsung Life, Deloitte & Touche, Nordic Investment Bank,
AC Nielsen, Development Bank of Singapore, ASIA Ltd., and many others.
He has lectured in Bangladesh, Belgium, Brazil, Canada, Chile, Estonia, Finland, France, Germany, Greece, Hong Kong, India, Indonesia, Ireland, Italy, Japan, Korea, Latvia, Lebanon, Lithuania, Malaysia, Mexico, the Netherlands, the Peoples Republic of China, Peru, The Philippines, Portugal, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Turkey, the United Kingdom and Venezuela. |
Risk Management of Financial InstitutionsProfessor Ian Giddy Stern School of Business New York University Monday, October 8 Morning SessionCredit Risk Management: The Capital Markets ApproachMany banks in emerging economies such as Korea have
shifted in recent years away from “policy lending” and towards rigorous
standards of credit risk analysis including credit scoring. The Basel II
requirements will reinforce this. On the other hand, these methods will
prove inadequate to meet the rising challenge: that of evaluating and pricing
credit risk so that loans and other assets can be sold, traded and securitized.
Lunch Afternoon SessionMarket Risk Management: The Economic Exposure ApproachFinancial institutions around the world have made
substantial progress towards adopting consistent, mark-to-market-based
methods of market risk control. However even the most sophisticated value-at-risk
methods are insufficient to capture the economic and competitive exposure
to currency and other market fluctuations of the bank’s corporate clients.
The best banks understand their clients economic exposure and design financial
products to manage the risks.
Tuesday, October 9 Keynote talk: “Risk Management of Financial Institutions”Prof Ian Giddy
Theme: “Financial Institution Risk Management: The Impact of Securitization” The rise of the asset-backed securities market in recent years has allowed banks in Korea and elsewhere to free up their capital by packaging and selling loan portfolios. This alters the criteria for lending by forcing financial institutions to meet the market’s standards for loan quality and sufficient pricing for risk. It also reduces banks’ funding mismatch. On the other hand it offers great challenges that must be faced if banks in emerging economies are to meet world standards of competition in financial services. Panel Discussion: “Risk Management of Korean Financial Institutions” Panel members: Wilfred Horie (President & CEO, Korea First Bank) Dominic Barton (Managing Director-Korea, McKinsey) James Rooney (Vice Chairman, Deloitte) H.S. Choi (Vice President, Korea Institute of Finance). |
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Related websites: giddy.org
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