In the light of the
recent market events, stress testing has become a crucial tool to achieve a
robust risk management framework and a key factor in model validation. In early
2009, the Basel Committee announced the latest guidelines on stress testing,
and in December, issued new guidelines on liquidity risk. All these new
regulatory guidelines have added extra pressure on financial
institutions.
This advanced 2-day
training course will comprehensively examine the latest perspectives and skill
sets relating to stress testing and capital adequacy assessment. The workshop
will also discuss the new regulatory requirements, appropriate methodologies
based on different risk exposures, model validation and scenario analysis. The
Excel exercises will provide you with hands on experience, working through
detailed practical examples on market, credit and liquidity risk.
About the Trainer:
Michael C S Wong
Founder of CTRISKS & Expert Consultant
CTRISKS
Dr.
Michael C S Wong is the Founder of CTRISKS, an Asia-based credit
rating agency and risk consulting firm. The firm now offers corporate obligor ratings on
4000 listed firms in China regions, bank risk ratings on 130 banks in China
regions, and sovereign risk ratings on 180 economies. In 2004-2008, Dr.
Wong advised over 5 banks on building Basel-standard internal-ratings-based
(IRB) systems. One of his architected IRB systems became the first IRB system
successfully validated and approved by the Hong Kong Monetary Authority. After
the Lehman incidence in 2008, he advised more than 9 global and regional banks,
two global law firms, and a regulatory body on product due diligence, pricing
of complex products, customer risk profiling, product risk modelling,
counterparty risk management, and court expert witness. His new product VaR
model, currently adopted by three listed banks, integrates both market risk and
non-market risk factors in assessing more than 1,000 investment products.
Dr. Wong is a professor of City
University of Hong Kong and a
well-known risk expert in Asia. He served
as a founding member of FRM Committee of Global Association of Risk
Professionals (GARP) in 1998-2002 and helped develop the FRM examination
to be a global standard on risk management education. He has trained 6,000+
chief risk officers, senior risk managers and bank regulators in Hong Kong,
Taiwan, China, Korea, Singapore, Malaysia, Macau.
Dr. Wong published
50+ journal articles and book chapters, and authored 4 professional books. He
is listed in Risk Who's Who, and awarded both Teaching Excellence Award and
Best Doctoral Dissertation Award. Before his academic career, he spent 7 years
on investment banking, heading spot FX and metals trading. He graduated from University of Cambridge,
University of Essex and Chinese University of Hong Kong.
