Claiming Back Your VAT
All attendees of a London based course incur VAT as a part of the cost of attendance.
Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.
Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.
Claim the VAT that's rightfully yours in four simple steps:
1. Register your interest
2. Sign a few simple documents
3. VAT IT processes your claim
4. Receive your refund
Why choose VAT IT
VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.
VAT IT will charge a percentage of the VAT refund if/when it is successful.
Can I claim back the VAT myself?
You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form.
For European clients, please refer to form VAT 65.
All other clients, please refer to form VAT 65A.
You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.
London School of Bank Risk Management
"This programme has given me a total perspective on risk management. No doubt about it, the Instructor knows his stuff" Senior Manager, Risk Management, Fidelity Bank
Attend this intensive 5-day course and learn:
- A broad look across risk management
- The Basel Accord – what is it, and why do we have it?
- Did the Accord work in the current economic crisis?
- Basel II.5 and III and beyond
- What are the impacts of the proposed changes
- Development of the ICAAP in preparation for your SRe
- Creation of a risk frameworK
- How risk management should be organized
- The assessment of traded and non-traded market risk using both traditional and modern approaches
- Credit portfolio management – why is this the new paradigm?
- How operational risk is being assessed and managed
- Stress testing – what went wrong, and how this has changed!!
- How can Risk Management add value?
Financial institutions have been formally managing their risks from inception. But the perception of risk management is fundamentally changing within these institutions. No longer is it seen purely as a control mechanism – but as a critical input into the basic business question: am I earning enough revenue out of this transaction to compensate me for the additional risks I am taking on?
This concept permeates all the leading financial institutions. Every transaction needs to be assessed in terms of the increase in risk to the institution, with the assurance that the pricing of that transaction will generate a suitable return. Budgets should be allocated, and performances measured, on the basis of revenue earned per unit of risk generated.
Such a risk culture is reinforced by the new Basel Accord, already implemented in some countries and due to be implemented in many more in the next 2-3 years. This requires the banks to allocate regulatory capital against the major components of risk, using either regulatory or, more likely, internal models.
In the recent Western banking crisis and subsequent economic downturn, many financial institutions lost large amounts of money and had to be assisted by governments. Was this a failure of risk management, and if so, why? This course will discuss what happened, and how some institutions actually came out of the credit crisis with enhanced reputations. This course is designed to provide delegates firstly with an high-level overview of modern risk management, including a breakdown of the new Accord and a comparison with the old one. This is then followed by an in-depth examination of the techniques and management structures used to assess and to control risk, including a detailed discussion on the implementation of Value-at-Risk, which is becoming the de facto standard for measuring risk across all the major classes: market, credit and operational.
This unique course follows closely the proposed structure of the new Accord, and is designed to enhance your knowledge:
- Why Risk Management has become so crucial to Financial Institutions
- What decisions you need to make when implementing the new Accord, and what is the timeline
- How should Risk Management be organised
- Estimate the level of Economic Capital required to underpin any transaction, and therefore address the question: how much Economic Capital does an institution require?
- Analyse the major forms of risk generated by financial institutions, particularly within an Value-at-Risk framework
- What are the competing internal approaches to the measurement of Credit Risk
- How to implement an Operational Risk methodology successfully
- What methodologies for Operational Risk measurement are becoming industry-standard
- Does modelling work: how to mitigate the really big events that may bring you down!
- A wide range of real-life case-studies discussing the lessons we should learn from these failed institutions - could the same events happen at your institute?
- Computer simulations of the latest techniques to model market, credit and operational risk, and discussions about commercially-available software
Risk Management and the various forms of risk exposure
- Market risk
- Credit Risk
- Operational Risk
- Other risks
- Basel II versus the existing Basel Accord
- Calculation comparison
- Standardised and Internal Ratings Based (IRB) Approaches
- Implications for local and non-G7 markets
- The New Basel Rules
ICAAP in Pillar I
ICAAP in Pillar II
Structure of undertaking ICAAP
- Challenges and advantages
- Undertaking the ICAAP properly
- Negotiating ICAAP in relation to the Basel II compliance process
- Establishing capital in relation to the size of the business
- Sources and management of capital
- The role of risk models in establishing capital needs
- Using risk models to ascertain the risk profile
- Stress Tests and Risk Models
- Implications for wider capital assessment and provisioning
- Risks of rating migrations
- Residual risks to risk mitigation
- Controlling concentrated exposures
Establishing a risk tolerance level
Stress tests and scenarios
Day 2Market Risk Management and Measurement
Redefinitions of Capital under Basel II
The Standardised Approach for Market Risk
- Fixed risk weights
- Assessing vertical limits
- Horizontal limits
- Qualitative requirements
- Examples of Tail Loss Models
- Expected Shortfall
- Fixed income instruments
- Swaps and Futures
- Spreadsheet examples
Applying Tail loss measures in Nigeria
- Illiquidity issues and Liquidity VaR
Day 3Credit Risk Management and Measurement
The Standardised Approach (SA)
- Ratings agency ratings and what they mean
- Suggested SA risk weights
- Risk weighting of various portfolio exposure types
- Recognition of unrated exposures
CreditVaR for portfolios
Overall design of an IRB-compliant system
- Distinguishing scores and ratings
- Establishing a ratings scale
- Understanding risk components (i.e., Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD)) with the scale
- Establishing provisions and capital
- How the overall system is meant to function
Day 4Fundamentals of Credit and Default Risk assessment
Elements of traditional credit scoring
- Default Drivers
- Large Corporate default drivers
- Small-to-Medium sized entity (SME) default drivers
- Sovereign default drivers
- Project Financing default drivers
- Scorecard formation and usage
- Statistical scorecards (logistic, probit, etc.)
- Qualitative scorecards
- From Customer Scores to Probabilities of Default
- How PDs are established in theory
- How PDs are determined in practice
- Obtaining Loss Given Default estimates
- Researching recovery rates in your institution’s experience
- Designing an IT platform for obtaining recovery estimates
- Some methods for obtaining LGDs
- Obtaining Exposure at Default Estimates
- Researching facility utilization rates
- Relating utilization to EAD
- Estimating EAD statistically
- Employing Risk Components in Risk-Based pricing of loans and other exposures
- Credit Risk Case Study
Day 5Operational Risk Management and Measurement
Definition of Operational Risk Exposure under Basel II
Operational Risk Approaches
- Basic Indicator Approach
- The Standardised Approach (TSA)
- The Advanced Measurement Approach (AMA)
Managing operational loss and event data
- Defining Direct and Indirect Losses
- Defining Near Misses
- Data capture considerations
- Utilizing Key Risk Indicators
- Control self-assessment exercises (CSAs)
Establishing a risk profile using KRIs and CSAs
Summary and conclusions
Our Tailored Learning Offering
Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.
If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.
We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.
We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.
We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:
- Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
- Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
- Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
- Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
- Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product
Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.
As such we have detailed our most frequently used training destinations in London on this map. If you need help booking accommodation for your visit to our training courses, please contact firstname.lastname@example.org and one of our partners will help you get the best rate possible."