Seminar on mechanics of risk management

BRAC Bank Limited organized a seminar on “Market Outlook and The Mechanics of Risk Management: Currency, Interest Rate & Commodities”.

Mr. Ahmed Jamal, Deputy Governor, Bangladesh Bank; graced the event as the chief guest.

Mr. Selim R.F. Hussain, Managing Director & CEO; Mr. Chowdhury Akhtar Asif, Deputy Managing Director & CRO; Mr Md. Shaheen Iqbal, Head of Treasury & Financial Institutions; and Mr. Tareq Refat Ullah Khan, Head of Corporate Banking; BRAC Bank; were present.

Senior executives of top corporate houses of the country participated in the seminar.

Mr. Mohammad Khurshid Wahab, General Manager, Foreign Exchange Policy Department (FEPD); and Mr. Md. Bayazid Sarker, Deputy General Manager, Foreign Exchange Policy Department (FEPD);Bangladesh Bank; were also present at the seminar held recently at InterContinental Dhaka. The seminar was targeted towards wholesale banking clients particularly large corporate houses having significant exposure in foreign currency, commodities and floating rate foreign currency loans.

The Deputy Governor of Bangladesh Bank lauded the initiative of BRAC Bank on their timely organization of the seminar given the current volatile global market scenario.

He praised BRAC Bank for executing the longest tenor Interest Rate Swap in Bangladesh Market.

The Deputy Governor looked forward to many such sessions with corporate clients in the near future as well.

Selim R. F. Hussain, Managing Director & CEO, BRAC Bank; commenced the session with a brief speech mentioning that global market conditions have now made it imperative for corporates to hedge against any losses from market risk arising from their exposures to exchange rates, foreign currency interest rates and commodity prices.

He emphasized that BRAC Bank has a host of financial derivatives solutions to cater to any requirements that the corporate houses may have.