Managing Credit Risk in a Volatile Global Environment

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ZOP1008: Managing Credit Risk in a Volatile Global Environment

Program Overview

Embedding risk management in the daily flow of business is by far the most difficult element of achieving sensible enterprise-wide capital allocation and competitive performance. Getting it right delivers clear benefits and value-creation. As we know from recent experience, getting it wrong can be fatal for businesses.

The oldest risk in world financial markets – credit risk – has become a leading source of problems and confusion, not just for bankers and investors but for all finance professionals. Delivered by world renowned credit expert, Professor Ed Altman, this program will help you understand the key aspects of credit risk, and provide you with today's
most up-to-date techniques and models for identifying, measuring, monitoring, and controlling your organisation's credit risk exposure.

The credit risk measurement and management tools and techniques provide organisations with dramatically improved strength and flexibility, not only in mitigating risk but also in improving overall financial performance. The program introduces and explores each of these tools, along with the rapidly evolving global credit environment, to provide bankers and other financial decision-makers with the know-how to avoid excessive credit risk where possible – and mitigate it when necessary.

Presenter:

Edward I. Altman is the Max L. Heine Professor of Finance at the Stern School of Business, New York University. He is the Director of Research in Credit and Debt Markets at the NYU Salomon Center for the Study of Financial Institutions. Prior to serving in his present position, Professor Altman chaired the Stern School’s MBA Program for 12 years. Dr. Altman has an international reputation as an expert on corporate bankruptcy, high yield bonds, distressed debt and credit risk analysis.

Designed for

With its broad and balanced view of risk management, the program is tailored to the needs of managers in financial services firms as well as individuals working in finance and risk management functions of non-financial firms concerned with an integrated view of risk control and its strategic impact on the company.

Senior management – not necessarily risk management specialists – who have a professional interest in the interaction of the various risk categories and their impact on the value of the enterprise are also encouraged to attend.

Content

• The importance of a credit culture
  - Predicting corporate distress and credit scoring models
  - Building an alternative rating system
  - Applications of distress prediction models for managing financial turnaround
  
• The evaluation of rating agency performance
  - Current conditions in global credit markets
  - A tale of three periods
  
• Risk and return analysis for fixed income securities
  - Defining, measuring and analysing corporate default rates
  - Measuring and analysing default recoveries
  - The size and scope of the distressed debt market
  - Structured credit products, derivatives and credit default swaps.

Learning Outcomes

Nationally Recognised

No

Residential

No

Miscellaneous Information

Duration

1.5 days

Fees

Professional Member:	$1,402.50
Affiliate Member:	$1,650.00
Corporate Member:	$1,402.50
Public:	$1,650.00

Dates

Sorry, no dates are currently available for this event