Risk Management Revisited with Game Theory

Schedule Thursday, October 27, 2022 || 10:00 AM PDT | 01:00 PM EDT
Duration 90 Mins
Level Basic & Intermediate
Webinar ID IQW22J1014

  • Why rogue trading happens again and again
  • The regulatory game, or the art of wasting capital and brainpower
  • Letting climate change happen
  • Facing disaster, a way forward

Overview of the webinar

  • A few highlights about transactions practice
  • Prisoners and pirates games
  • A topic shared between advanced academics and dodgy salespeople
  • The beauty of triumvirates
  • When the sum of interests does not equal the interest of sums

Who should attend?

  • Risk Methodology
  • Credit risk, counterparty Risk
  • Market Risk Management and Analytics
  • Risk Internal Audit — Quantitative Analysis
  • Regulatory and Economic Capital
  • Basel
  • Regulation & Compliance 
  • Operational Units Managers
  • Financial Institutions Advisory 
  • Bank Supervision and regulation

Why should you attend?

Game theory, also named transactions practice, is a relatively new field of economics, serious enough to have provided Nobel Prizes to its inventors. Unfortunately, it is often seen either as an obscure theoretical branch of abstract economics or as a way to formalize the rules of frivolous gambling and multi-player kids’ games.

Yet, transaction practice can bring a lot. It explains why the financial community is helpless towards a few critical risks, and why and when risk management in financial institutions can fail.

 

Faculty - Mr.Fred Vacelet

Fred Vacelet is a Financial Risk Management Consultant with international expertise in Risk Management methodological frameworks. His experience spans some 20 years, advising banks, software houses and others on risk management. Fred holds various degrees, including from London Business School, with post-graduate studies at the Technische (then West)-Berlin and Keio (Japan) universities. A qualified Islamic Finance person (IFQ), he is a magazine author on risk management and Basel Accords, and a regular speaker at conferences.
 
The client list includes ABN Amro, Barclays, CDC Paris, Credit Suisse, DePfa, Deutsche Bank, a few City hedge funds, IBM Consulting (Banking and Finance), Sungard, Lloyds TSB, National Bank of Egypt, the UK Regulatory body (now PRA), Reuters, and numerous other institutions of various countries and sizes. Fred runs training courses and workshops with participants from various banks around the world.

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