Sierra Leonean PhD. Candidate excels in Risk China Congress 2013
A Sierra Leonean PhD candidate in Industrial Economics at the Liaoning University School of International Business & Economics, Shenyang City, People’s Republic of China, Allieu Badara Kabia (in photo), has excelled in the 2013 Risk China Congress. The Risk China Congress held on the theme “Reforming risk management under the new governance” was timed to address key issues and identify trends in China’s risk management space.
Held on the 26th of June, 2013, at the Westin Beijing Financial Street, Beijing, the conference provided excellent opportunities for industry players to exchange ideas and share best practices.
The programme brought together international and local speakers to discuss the lessons learned by global practitioners and how they can be applied to local settings.
In his presentation, Allieu Badara Kabia being the Team Head of the VIP RISK delegate team from Liaoning University School of International Business & Economics in this very important international conference looked at the problems on asset quality, credit concentration and bad debt, as well as how to accurately measure risk in local government financing vehicle (LGFV), examining the sector risk map and identifying industries with higher risk exposure.
He also touched on evaluating credit risk assessment tools (KMV, Credit Metrics) and the integrated approach of credit risk measurement as well as best practice on loan selection and debt management in China.
According to Kabia, the time is now as new regulations in China require banks to shore up additional capital to protect against risks. “The change has introduced significant impact on the ways that institutions manage their liquidity, funding and products.”
At the same time, financial institutions in China, he believes, are shifting towards a new growth model by developing new products, investing in capital markets and rapidly expanding overseas. This evolving landscape presents a wide spectrum of new opportunities for the market players and complex challenges for risk managers. What are the key challenges for financial institutions during the transition? How should risk managers prepare for these changes
Highlight of the Congress include; Best practices in credit risk assessment, quantification and bad debt management; the implementation of Basel II and Basel III; the top-down approach in Enterprise Risk Management; mitigating liquidity risks through improved funding and product innovation; how to control risks as you are exploring new markets and investment products, amongst others.
Allieu Kabia has got a wealth of experience in the banking sector, having worked at the Bank of Sierra Leone for as period not exceeding twelve years within which he served as a Banking Officer and Bank Supervisor. He was also, prior to his departure to China to pursue his studies, Head of Department, Business Administration and Management at the University of Makeni.
Kabia is amongst the 28 students sponsored by the Chinese Government last year to pursue different areas in the fields of academia. At present 30 Sierra Leonean students are expected to graduate this academic year, including 6 with PhD in different fields, 21 students with Masters Degree, 2 with Bachelor degrees and 1 with a diploma.
The one day programme was organized by Risk Asia.
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