GLC Europe, a pioneer leader in the Production and Management of Interactive and Impactful Global Corporate Conferences is organizing the 7th Annual Risk Management Forum on 14th & 15th September 2017 in Vienna, Austria. The event aims to debate on adapting new Risk Management methods, and to identify the changes taking place on the risk management in the financial industry. Titled RiskZone 7.0, the event has already attracted key industry professionals representing industry giants including Garanti Bank, UniCredit, DZ BANK AG, GE Capital, Banco Santander, Metro Bank, The Bank of Tokyo, European Central Bank (ECB), Belfius and many more. It will also provide an excellent opportunity for the financial industry experts and professionals to connect with peers and to identify and explore new risk management models.

The 7th Annual Risk Management Forum will witness one of the leading professionals in the Risk Management Industry, Semra Kuran the Senior Vice President – Risk Management of Turkey’s Garanti Bank presenting on ‘Liquidity Risk Management and ALCO Monitoring’. Garanti Bank of Turkey has an Assets and Liabilities Committee (ALCO) in which Semra Kuran serves as the Market Risk and Credit Risk Control Senior Vice President. Garanti Bank’s Assets and Liabilities Committee (ALCO) has the main goal of assisting their CEO with decision-making processes concerning assets and liabilities management (including liquidity and funding, interest rates and exchange rates) and capital.

Semra Kuran has a degree in Civil Engineering from the Middle East Technical University and joined Garanti Bank in 2007, where she worked in the Risk Management Department from 2001 through 2016. She has been serving as Market Risk and Credit Risk Control Senior Vice President since April 2016. At Garanti Bank she defines, reviews and update risk-based policies and procedures approved by the Board of Directors, Carry out risk-based measuring, monitoring and analysis activities; report their results regularly to relevant units, committees and senior management. She also carries out monitoring and reporting of risk based activities within the frame of the Internal Capital Adequacy Process (ICAAP)stress tests and risk appetite, as well as of risk assessment efforts and risk-based concentrations in relation to new business and products or services.

Following are some of the excerpts from a short interview we had with Semra on her take on the present and the future of the Risk Management.

• Could you briefly tell us about the Topic you have chosen to be presented at the 7th Annual Risk Management Forum?

Participants will be able to listen to the various approaches regarding Liquidity Risk Management and measurement tools in practice. From According to some, key challenges for effective Assets and Liabilities Committee (ALCO) meetings will be discussed. It will also include suggestions on how to set core metrics to be followed and enhance reporting for an effective Liquidity Risk Management in ALCO.
The presentation will have the following Key Sub –Topics that will be further explained to the audience
1. Liquidity Risk Management Approaches and Measurement Tools
2. Key challenges for effective ALCO Meetings
3. How an effective and useful ALCO Report can be defined

• What are the major threats and issues currently faced by the Risk Management industry?
1. Regulatory Requirements
a. Regulatory Requirements consumes too much time or very detailed data requirements – no need for such details to understand the main vulnerabilities of the system, this creates overload, instead of doing your job, you perform regulators’ job
b. Changes in Regulatory Environment
2. Trade off between Risk and Profitability
3. The relationship model on top management: The cooperation between Chief Risk Officers, Chief Finance Officers, CEO and Board of Directors

• What do you see as the main industry trend for next year?
• Effective management of economic capital / return on economic capital
• The implementation of Interest Rate Risk Banking Book regulation
• The effects of IFRS9 (International Financial Reporting Standard 9)
• The implementation of FRTB (Fundamental Review of the Trading Book)

RiskZone 7.0 will present an amazing and engaging platform where different practices with a variety of approaches to Risk Management are being addressed. We look forward to any Risk Managing professional who wish to join us in Vienna to share their opinion on and thoughts on Risk Management.