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VAT on Virtual and Online Programmes

VAT is applicable on virtual programmes to delegates attending from the UK*. If participating from the EU, a valid VAT number is required to ensure VAT will not be charged under the reverse charge mechanism. VAT is not applicable to attendees from all other countries.
*For virtual courses ran through our Asia office, VAT may be applicable to HK and Singapore residents only. Find out more by contacting learning@euromoney.com

 

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.

Asset & Liability Mangement for Risk Management

  • This course is designed for Risk Management, Operations and Treasury staff. The content covers the key principles and core elements of Asset & Liability Management (ALM) that need to be assessed, managed and reviewed. Detail descriptions of core processess and technologies, together with example data and calculations, will enable delegates to assess ALM reports and review a bank's strategies with confidence.

  • The course is available remotely via Video Conferencibg technology in virtual training room allowng partcipants to interact with fellow industry peers and the facilitator in a live setting.   For more information,  please contact  learning@euromoney.com

     
    Learning Objectives

    After attending this programme, participants will be able to: 

    • Describe the framework and applications of Asset & Liability Management (ALM)
    • Review interest rate risk, the measurement factors and stress testing
    • Summarise asset and liability gap analysis and pre-payment behavioural modelling
    • Detail the key sources of liquidity risk and stress-testing elements
    • Discuss Funds Transfer Pricing (FTP) and its methodiolgies and applications
    • Analyse current funding opportunities and ALM impact
    • Explain the key measures used in Behavioural Modelling
    • Summarise the requirements for contingency planning & crisis management

     

     

    Day One

    Session 1

    Overview of Asset & Liability Management (ALM)

    „ALM Framework

    „Role of ALM in capital management and key banking risks

    o   Interest rate

    o   Liquidity

    o   FX

    o   Credit risk

    „Strategic ALM applications

    o   Performance measurement and capital allocation across business units

    o   Funds Transfer Pricing (FTP) and Economic Value Added (EVA)

    o   Returns on risk-adjusted capital

    o   Diversification

    o   Ratings target

    Case Study: Current strategic choices for a multilateral development bank

    Session 2

    Interest Rate Risk

    „IRR measurement factors

    o   Basis risk

    o   Yield curve twist and curvature risk

    o   Dynamic analysis of net interest income risk

    o   Managing net interest income risk across currencies

    o   Estimating asset and liability volatilities and correlations

    „IRR stress-testing

    o   Analysing interest rate shocks and Earnings-at-Risk (EaR)

    o   Impact on Economic Value of Equity (EVE) and Net Interest Income (NII)

    o   Modelling assumptions and behavioural optionality

    „Determining expected credit/jump to default risk

    Case Study: Central Banks and the rate-setting outlook-where next?

     

    Session 3

    Asset and Liability Gap Analysis

    „Regulatory guidance on IRRBB bucketing: NMB, prepayment risk

    „Maturity transformation and liquidity risk

    „Selecting appropriate time buckets

    o   Time bucketing of cash flows

    o   Discounting of cash flows

    o   Stressing of cash flows

    „Distribution of maturing and non-maturing assets and liabilities

    „Adjusting for prepayment and redemption

    „Derivative hedging and negative convexity risks

    Case Study: Reviewing Gap Analysis Reports

     

    Session 4

    Liquidity Risk

    „Key sources of liquidity risk

    o   Maturity mismatch

    o   Collateral posting requirements

    o   Off-balance sheet instruments

    „Liquidity Coverage ratio (LCR) and Net Stable Funding ratio (NSFR)

    „Liquidity stress-testing elements

    o   Key metrics: Cash forecast, roll-off forecast, liquidity forecast

    o   Deposits (demand and time)

    o   Pre-payable/revolving loans

    o   Liquidity/credit facilities

    „Deposit modelling under stress

    o   Expert judgement vs data analysis

    o   Parameters and granularity challenges

    Case Study: Reviewing and completing a Liquidity Metric Monitor

     

    Day Two

    Session 1

    Funds Transfer Pricing (FTP)

    „Role of FTP and transfer pricing as a management tool

    „Deriving accurate business unit performance measurement

    „Liquidity risk pricing and FTP as the key to capital allocation

    „Effective maturity measurement for assets & liabilities with significant behavioural elements

    „Pricing contingent liquidity risk

    o   Deposits

    o   Liquidity/credit facilities

    o   Derivatives

    o   Collateral posting

    „FTP and the Asset & Liability Committee (ALCO)

    Case Study: Decomposing FTP pricing methodologies for Assets and Liabilities

     

    Session 2

    ALM and Funding

    „Determining suitable funding instruments by behaviour, costs, risks and benefits

    „Optimizing the funding mix for the business model

    o   Target ratings and financial flexibility

    o   Developing and maintaining market access

    o   Managing funding maturity profile

    „Structured financing products and strategies

    o   Off-balance sheet and special purpose vehicle financing

    „ Examining other securitization possibilities

    o   Asset choices

    o   Risk retention

    Case Study: Determining funding choices


     

    Session 3

    Introduction to Behavioural Modelling

    „Classification of behavioural biases

    „Reviewing Prospect Theory and its implications for ALM allocations

    o   Risks with choices and framing

    o   Dealing with overreaction and underreaction

    o   Confidence and overconfidence

    „Applying the knowledge to practical portfolio choices

    Case Study: Reviewing the behavioural biases in a failed investment strategy

     

    Session 4

    Contingency Planning & Crisis Management

    „General control considerations

    o   Minimum elements of control

    „Developing Contingency Funding Plans (CFPs)

    o   Crisis management plans for assets

    o   Crisis management plans for liabilities

    „Internal and external communications & other crisis management tasks

    Case Study: Review of deposit withdrawals/ liquidity loss/credit facility drawdowns at failed banks

     

    Course Round-up & Knowledge-Check

    Final programme evaluation using the web-based polling system

     

     

  • 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 – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
    • Knowledge – our 100+ 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 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
    • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
This course can be run as an In-house or Tailored Learning programme

Instructor

  • Craig Williams

    Biography

    Trainer Bio – Craig William  Training capability overview Craig's wide ranging banking and commercial experience provide him with a broad platform to deliver training across an extensive curriculum. He has trained the majority of global banks that have operations in Asia, and also regulators in the main financial centres. His global markets products programmes cover cash and derivatives, including securitisation, up to advanced levels. Spreadsheet modelling and VBA programming together with financial writing and editorial courses provide the desktop tools for analysts. His proficiency in fixed income trading, new issue financing and asset management ensure that he delivers practical and engaging courses.   Another area of his expertise is the risk management and control topics (Liquidity, Capital, Market & Operational, as well as regulatory and cybersecurity risks). Here his in-depth knowledge of BIS III/CRD IV Capital accords; SOX; Dodd-Frank; EMIR; and MIFID II, and operations background, bring additional benefits. As firms face multiple channels of risk he has added to his training range with qualifications in financial crime assessment and cybercrime risks. He delivers anti-money laundering and cybersecurity training, including fraud recognition courses, to audit and risk groups. Face-to-face teaching can provide deeper learning results, but with his early career experience in digital delivery Craig recognised that training methods need to reflect the changing work and technology drivers. He regularly uses webinars, distance peer-coaching and action-learning case studies, coupled with multi-voting and other meta-planning-type group exercises. This variety of techniques ensures information transfer is successful and that learning is embedded and enduring. Training experience Craig’s training career started in 2001 in London delivering technical and advanced courses to clients in Europe, Middle East and South Africa. From 2003 he was based in Singapore training the staff of the major global banks and their subsidiaries across the whole of the APAC region. These key clients include; BNPP, Credit Suisse, DBS, Deutsche Bank, HSBC, JP Morgan, Morgan Stanley, SCB, as well as regulators, HKSFC and the MAS. Corporate clients such; Cisco, Fitch Ratings, Google and Thomson Reuters have also used him to teach core skills to their staff. He has now relocated back to the UK. Craig has written published workbooks on Options, and recently developed & delivered specialist workshops on Operational Risk within Banks. He has is a member of the Chartered Institute for Securities & Investment (CISI) and holds the International Operations Certificate. The experience of training across the many different cultures has given him the key understanding of the individual needs and expectations so that he has the ability to reach out and support all their learning requirements. Craig’s ability to simplify and illustrate even the most complex topics, results in clients regularly requesting a wide range of programmes and varied delivery techniques. Corporate/banking experience Craig’s investment banking career spanned many areas from an early accounting/audit and Treasury operations role at Samuel Montagu in London, onto risk control and subsequently to multi-currency fixed income risk and portfolio management at S-E-Banken. Later, at Nikko (Europe), he created a market-maker trading role in credit-related products (FRNs/CDS) and high-yield/arbitrage activities in European and Emerging markets. This developed into managing a $1bn credit portfolio, and the firm’s own MTN programme, before expanding into a corporate finance role crafting funding and finance strategies for bank and corporate clients.