Sri Lanka participates at 2nd GOSS Private Equity and 9th Risk Management Joint Conference

Friday, 21 August 2015 00:22 - - {{hitsCtrl.values.hits}}

Second GOSS Private Equity and Ninth Risk Management Annual Joint Conference was held on 30-31 July at St. Regis Hotel in Singapore. National University of Singapore (NUS) Risk Management Institute (RMI) is one of the leading pioneers of financial risk management research in Asia. The institute was established in August 2006 and was supported by the Monetary Authority of Singapore (MAS) under its program on Risk Management and Financial Innovation. Bank of Ceylon Chief Risk Officer Lalith J. Fernando was invited to be a panel member in the above prestigious institute’s annual conference marking the first ever participation of this nature by a Sri Lankan.

The conference consisted two folds: Policy forum and the scientific program. Fernando was a panel member in which they discussed ‘Managing Risks in the Emerging Markets’. Other members of the panel were Bank of China (Singapore) Chief Risk Officer and Deputy Country Head Xinquan Hu and DBS Bank Chief Risk Officer Ebert Pattijn. NUS-RMI Director and NUS Provost’s Chair of Mathematics Prof. Steven Kou chaired the session.

Fernando in his presentation gave a vivid analysis on how to guide profit sustainability for businesses in emerging markets while managing risks. Recent trends in emerging markets and the risks faced by these markets were discussed highlighting mechanisms to overcome them. The panel discussion also touched upon other topics such as evolution of risk management in Asia and emerging best practices in risk management. Panellists being well experienced professionals in the financial risk management were able to bring in valuable insights to the forum.

NUS-RMI strives to become a locally, regionally and globally recognised knowledge centre in financial risk management where scholars, regulators and industry professionals gather to advance cutting edge knowledge that has immediate relevance to the financial system. RMI aims to be a world-class centre in risk management through research, education and training.