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Banking
Opportunities for Actuaries in Banking Part 2: Application and Practical Examples on IRRBB
Historically, the actuarial profession has been synonymous with the insurance and pension industries. However, the technical skillsets and professional standards offered by the profession can be applied across diverse industries and sectors. Banking and finance is one of the prominent industries where actuaries can add tangible value by undertaking non-traditional roles.
Even though banking business models have evolved significantly, bank’s overall profitability remains primarily driven by net interest income (NII) arising from their core banking book.
Over the last decade interest rate environments across the globe have demonstrated significant volatility, which has led to adverse impacts on net worth and profitability for banks. In order to curb the impact of adverse interest rate movements on banks' resilience & profitability, banks need a robust framework to measure, manage, and set aside adequate capital for interest rate risk in the banking book (IRRBB).
This webinar offers the application of practical examples on the measurement and modelling of interest rate risk for banks and how actuaries can assist banks with the same scenarios.
Speakers: Yash Ratanpal and Iain Allan
Moderator: Michael Tichareva
Even though banking business models have evolved significantly, bank’s overall profitability remains primarily driven by net interest income (NII) arising from their core banking book.
Over the last decade interest rate environments across the globe have demonstrated significant volatility, which has led to adverse impacts on net worth and profitability for banks. In order to curb the impact of adverse interest rate movements on banks' resilience & profitability, banks need a robust framework to measure, manage, and set aside adequate capital for interest rate risk in the banking book (IRRBB).
This webinar offers the application of practical examples on the measurement and modelling of interest rate risk for banks and how actuaries can assist banks with the same scenarios.
Speakers: Yash Ratanpal and Iain Allan
Moderator: Michael Tichareva
July 16, 2024
Hosted by the Banking Virtual Forum
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