Speakers at a workshop said that the banking industry can not run its business without prudent risk management.

They were speaking at a workshop on “Stress Testing, VaR and Basel II,” organised by City Bank at a hotel in the city recently.

K Mahmood Sattar, Managing Director and CEO of City Bank inaugurated the workshop.

SK Sur Chowdhury, Executive Director, KM Abdul Wadood, General Manager, Md Aminur Rahman Chowdhury, Deputy Director and Shahriar Siddique, Deputy Director of Bangladesh Bank jointly conducted the workshop, said a press release.

Ehsan Khasru, DMD and chief risk officer, B Chowdhury, EVP and head of SME and Abdus Salam Bhuiyan, head of HR of City Bank were also present.

K Mahmood Sattar in his speech emphasised that the banking industry can not run its business without prudent risk management. He informed that City Bank is managing risk in line with best industrial practice as well as Basel II norms as set by the central bank.

Khasru appraised the central bank for its proactive role in risks management. Total 40 participants from City Bank attended at the workshop.

SK Sur Chowdhury discussed on importance of stress testing for banks and also answered various issues on stress testing raised from participants.

Wadood discussed about supervisory review process and pointed out the importance of capital of a bank as well as Internal Capital Adequacy Assessment Process (ICAAP). Both Aminur and Siddique conducted practical session of the workshop.

Source: Daily Sun/ BAngladesh/ Jan-06-2011