BRAC Bank hosts Annual Risk Conference

BRAC Bank leaders have called for proactive preparedness to address potential risks at the bank's Annual Risk Conference 2024.

The leaders of BRAC Bank have called for prior preparedness to address potential risks in the future as the bank held its Annual Risk Conference 2024.

At the event, veteran bankers and experts weighed in on unseen risks, especially in the digital banking ecosystem and cyberspace, as the banking sector navigates challenges of constantly evolving risks.

They called for re-examining the existing risk management framework and making it future-ready to withstand risk emergencies.

The bank organised the conference recently to raise co-workers' awareness of risks in daily banking operations and find effective ways to overcome them.

The conference was organised in line with Bangladesh Bank Risk Management Guidelines for Banks 2018.

More than 1,000 co-workers, including Branch Managers, Branch Operations Managers and other senior officials, participated in the daylong conference in person and on a virtual platform at the bank's head office in Dhaka.

Meheriar M Hasan, Chairperson, Faruq Mayeenuddin Ahmed, Vice Chairperson; and Selim R F Hussain, Managing Director and CEO of BRAC Bank, participated in a panel discussion on 'Banking Sector Outlook and Way Forward'.

Salek Ahmed Abul Masrur, Independent Director and the Chairman of Board Risk Management Committee (BRMC), BRAC Bank; and Shahidul Islam, Chief Executive Officer, VIPB Asset Management; took part in a panel discussion on 'Market & Liquidity Risk and Challenges'. Ahmed Rashid Joy, Deputy Managing Director and CRO, BRAC Bank, moderated the two sessions.

Dr. Zahid Hussain, Independent Director at BRAC Bank, presented a keynote on the "Macroeconomic Outlook".

Officials of the Department of Offsite Supervision of Bangladesh Bank conducted a Session on 'Risk Management in Banks: Regulatory Perspective'.