Taras Savchenko, editor of “Financial Markets, Institutions and Risks (FMIR)” Journal, trained at the National Institute of Banking Management (Republic of India, Pune) under the international program “Asset-Liability Management in Banks and Financial Institutions” at the grant provided by the Government of India under the ITEC program.
From 11 to 23 September 2017, more than 30 participants from more than 20 countries of the world were trained in key aspects of managing assets and liabilities in banking and financial institutions. The overwhelming majority of participants represented central and commercial banks.
The curriculum covered: organizational aspects of the formation of a system for managing assets and liabilities of banks; methodical approaches to liquidity risk management: quantification and risk assessment, liquidity breakdown analysis, stress testing, etc .; features of interest rate risk management: risk sources, exposure to equity risk, use of hedging instruments, etc .; quantification of currency risk and use of derivative instruments for hedging; transfer pricing; planning capital and profit of the bank; mechanisms of securitization of assets, etc. Training took place in various formats – lectures, practical classes, discussions, cases.
In addition, a meeting was held with the heads of the Reserve Bank of India, located in Mumbai.
During the program, each participant presented his country in the context of disclosing historical and cultural aspects of its development, macroeconomic trends and characteristics of the banking system. The excursion program included visits to the cities of Pune and Mumbai.
The financing of the participation of Taras Savchenko in the program was carried out at the expense of the Ministry of Foreign Affairs of India, in particular the Government’s program “Indian Technical and Economic Cooperation” (ITEC). Participation in this program has allowed to increase the level of professional awareness and competence, to familiarize with the historical heritage and specifics of the banking business in India, as well as to establish contacts for further international cooperation in educational and scientific work.