May 04, 2012

Duesseldorf the Center of CVA Excellence

Duesseldorf 27.April 2012: CVA SEMINAR A BIG SUCCESS
PRMIA Chapter Duesseldorf invited for a two day seminar on CVA with Jon Gregory. Due to the positive demand two courses in a row have been offered. Both courses have been fully booked. The 60 participants joined from all over Europe, from Island to Russia, from Sweden to Germany.

The hot topics PFE, EE, CVA, Wrong Way Risk and Funding have all been analysed in detail. Clearly Monte Carlo is the state of the art methodology to implement these. Surprisingly Central Counterparties do not resolve the counterparty risk challenge, thus the determination of CVA is key, also in the future.

There is a clear focus on market implied probabilities of default (PDs) due to Basel III. Given IFRS 13 the impact and volatility of CVA and DVA on the balance sheet increase. This impact can be enormous and should not be underestimated by all means. Though there is a dispute on economic foundation of DVA, it has been concluded that both CVA and DVA need to be managed properly.

How is CVA implemented in the real life and how is it managed?
Jon Gregory and Sven Ludwig confirmed: The sponsor and CVA expert Dirk Stemmer (Senior Manager, Deloitte in Germany) offered very valuable and insightful breakfast briefing on the topic “Implementing CVA and the current stage of the financial industry regarding CVA in Germany”.

“A perfect topic, a perfect speaker, extremely well organized. Thank you PRMIA” was the feedback given to Sven Ludwig, Regional Director of PRMIA. Furthermore he emphasized that “After the PRMIA CVA Congress organized by the Dusseldorf Chapter PRMIA Duesseldorf is clearly the center of CVA expertise”.

The participants have been excited about the support of the chapter’s Media Partner RISIKO MANAGER and its bimonthly magazine and are looking forward the next publications on CVA.

Posted by Sven.Ludwig at 08:03 AM | Comments (0)

April 12, 2012

PRMIA Global Risk Conference - May 14-16, New York

Join peers, colleagues and pre-eminent speakers in risk and finance at the PRMIA Global Risk Conference and 10th Anniversary Gala celebration in New York, May 14-16, 2012.

The conference presents leading approaches in risk management on:
• Macro risks, regulations and their impact on financial services
• Analytics for emerging risks in interconnected markets
• Crisis management, including non-market risks

Go to www.prmia.org/globalriskconference for complete details and registration for the 3 day program with 60+ outstanding international speakers, including pre-eminent economists and financial historians, senior regulators and policy makers, CROs of major financial firms and hedge funds, leading academic researchers and teachers, and C-level professionals and consultants in finance, law and strategy.

Plenary speakers include economic historian Kenneth Rogoff, Nobel Laureate Robert Engle, quant expert Emanuel Derman, and behavioral finance specialist Hersh Shefrin. Notable additional speakers include best-selling author James Rickards of "Currency Wars,” CROs of Goldman Sachs, Blackrock, HSBC Europe, Alfa Bank Russia, BRE Bank and various hedge funds, as well as Keynesian economist Paul Davidson, and senior regulators from the FSA, Basel Committee and Federal Reserve.

E-mail or call PRMIA with questions about the conference at support@prmia.org or call 612-605-5370 Monday – Friday, 8:00 a.m. – 5:00 p.m. US CST.

Your participation is highly valued -- join in the discussion and combine networking with learning, discussion and career development!

Posted by kristinlucas at 06:36 PM | Comments (0)