“Risk is like fire: If controlled it will help you; if uncontrolled it will rise up and destroy you.” – Theodore Roosevelt

The eldest risk in world financial markets--credit risk--has turned into a leading source of problems and confusion, not just for bankers and investors but for all finance professionals.

Credit risk management is a very significant area for the banking sector and there are extensive predictions of growth and other financial institutions also face problems which are financial in nature. The worldwide financial crisis symbolizes the ultimate stress test in risk management. In its consequences, banks and other companies should review the performance of their risk management programs to define what worked and what needs improvement. The global recession has stressed the need for rigorous risk management for economic growth; financial strength and the importance of implementing a single customer opinion in order to develop customer engagement, stay ahead of competition and succeed in spite of thought-provoking market conditions.

In today's increasingly competitive financial world, effective risk management, portfolio management, and financial structuring demand more than latest financial know-how. In the past, managing the credit portfolio was considered good risk management. But in today's broader, more complex environment, best-practice institutions understand that they need to measure and manage risk across the entire enterprise The recently developed credit derivatives industry has grown around the need to handle credit risk, which is one of the major factors of financial risk. In recent years, we have observed an incredible acceleration in research efforts aimed at better apprehending, modelling and hedging of this kind of risk.

These are challenging times both for banks and for bank controllers. On one side, new technologies and markets give us thrilling opportunities to profoundly reinforce the risk-measurement and -management competences of our financial institutions. On the other side, the risks of getting it wrong -of failing to keep banks' risk-management practices current can only develop as banking becomes ever more complex and sophisticated and as banking systems become more focused.

There has been a need for a better understanding and ability to control credit risk, driven by regulatory and market pressure, and it is causing banks to create a real-time, solo view of counterparty exposure across all risk-taking activities, on and off balance sheet. Participants will hear presentations from guest speakers on a variety of timely topics and will engage in Q&A and roundtable discussions with the group. Participants will profit from the problem solving practices discussed by their peers, regardless of size of the specific organization. Participants share information, ask questions, and exchange ideas to extend their awareness and understanding of the issues discussed in a panel discussions environment. Best of all, attendees will have a network of peers to contact in the future.

5th Annual Credit Risk in Banking will examine the effect of the regulatory changes on the credit risk market focusing on the credit risk modelling and credit risk management and mitigation as well as risk culture and liquidity risk in credit market.

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