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Bankers receive risk management tips   2010-11-12 - VNS

Vietnamese bankers were provided with insights into various aspects of risk management at a seminar held in Frankfurt last week.

The seminar was organised by Commerzbank AG, the second largest credit institution in Germany, and German Technical Cooperation (GTZ).

Twelve representatives of commercial banks and five from the State Bank of Viet Nam (SBV) attended the seminar which was supported by the SBV.

The seminar at Commerzbank's Trading Floor in Frankfurt and covered topics like organisational structure, liquidity management, market risk models and monitoring, operational risk models and monitoring, internal audit, risk evaluation and the host bank's experience with the Basel II banking convention. Experts also spoke of lessons for the financial sector after the recent global crisis.

The seminar also included practical in-house training and presentations by Commerzbank experts with a focus on managing risks related to trading activities of financial institutions.

"Many financial institutions in Viet Nam are now expanding their treasury departments and are boosting their income from trading activities. With the support of GTZ experts, the State Bank of Viet Nam is at the same time in the process of drafting new regulations focusing on risks arising exactly from these market related activities of banks.

"The whole idea was to offer an opportunity to learn first-hand at our head office in Frankfurt the complexity of market risk management," said Peter Born, Chief Representative of Commerzbank in Viet Nam.

Dr Ulrike Maenner, Chief Technical Advisor of the GTZ Macroeconomic Reform Programme, said: "We highly welcome the practical input and expertise of a well recognized international bank to our Financial System Development Programme in Viet Nam through this Public-Private-Partnership."

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