Risk Management for Asset Managers - Part 4

Risk Management for Asset Managers - Part 4

Overview

This eCourse consists of two modules. Module 1 provides a high-level overview of credit risk and counterparty credit risk (CCR) from an asset management perspective. Asset management firms frequently act as counterparties to derivatives transactions and securities financing transactions and are therefore routinely exposed to CCR. Over recent years, regulators have paid greater attention to how asset management firms measure, manage, and mitigate this risk.

Module 2 provides a high-level overview of liquidity risk and discusses the liquidity risk management process from an asset management perspective. Liquidity risk arises from the mismatch between the liquidity of fund investments and the daily redemption of fund units. To help support the stability of the financial system, asset managers must manage liquidity risk using the tools available to them.

Objective

On completion of this course, you will be able to:
- Define credit risk and counterparty credit risk (CCR)
- List and define major sources of credit risk and CCR
- Identify common strategies for measuring and mitigating credit risk and CCR
- Recognize the impact of credit risk and CCR on the stability of the broader financial system
- Define liquidity risk and explain how it may affect asset managers
- Recognize the principles of liquidity risk management
- List the elements of liquidity risk management from a product perspective
- List the tools available to asset managers to manage the risk of a liquidity crisis

Content

Asset Management – Credit Risk & Counterparty Credit Risk (CCR)
Topic 1: Credit Risk & CCR Overview
Topic 2: CCR Management
Topic 3: Securities Lending & Collateral Management

Asset Management – Liquidity Risk
Topic 1: Liquidity Risk Overview
Topic 2: Liquidity Risk Management Process
Topic 3: Liquidity Risk Management Tools

Details

Code
TERFR19011401
Venue
ePlatform
Language
English
Level
Intermediate
Hours
SFC:2.00, PWMA:2.00
Fees
All Member: HK$580
Staff of Corporate Member: HK$580
Non-Member: HK$820