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Issue 1 | Archive 16 November 2009

FEATURE
RMI's new facilities mark another milestone

On Friday, 2 October, the Risk Management Institute's new facilities in the I3 building at 21 Heng Mui Keng Terrace were formally opened by the President of the National University of Singapore, Prof. Tan Chorh Chuan, and the Managing Director of the Monetary Authority of Singapore, Mr. Heng Swee Keat. The one-day symposium attracted an audience of well over 200 guests from academia, industry, the government and regulatory agencies, marking a promising and stimulating start to RMI's activities in its  new premises.

Established in August 2006, over its short life span, RMI has rapidly established a reputation as an emerging center of excellence for education, training and research in the area of financial risk management. A one-day symposium with the fitting theme "Advances in Risk Management - Theory and Practice" featuring distinguished speakers from industry and academia was held to commemorate the event. Located in the verdant settings on Heng Mui Keng Terrace with the Institute of Real Estate Studies and the The Logistics Institute of Asia Pacific as its neighbors, RMI expects to leverage on the wide range of skills available at NUS to enhance risk management capabilities.



Strategic Risk Management in Practice

By THAM Ming Soong, Executive Vice President and Head of Risk Management, United Overseas Bank

Risk management practice in many organizations today is a silo-based approach; the practice is largely driven by supervisory or regulatory requirements such as the Basel II. However, we do see that the changes in the external risk environment have led to financial institutions taking an enterprise wide approach to risk management known as Enterprise Risk Management (ERM).



Risk Management Challenges for Long-term Investment Funds

By SUNG Cheng Chih, Chief Risk Officer, Government of Singapore Investment Corporation

Long term investment funds (LTIFs) are collective schemes which have a formal governance structure. They are managed by professionals and have a separate oversight body. They hold a diversified portfolio across multiple countries and asset classes and their investment policy is driven by liabilities. There are various types of Long term investment funds such as endowments, foundations, pension funds, sovereign funds.


Lending Relationships and Loan Contract Terms

A paper by Sreedhar T. Bharath, (University of Michigan), Sandeep Dahiya, (Georgetown University), Anthony Saunders, (New York University) and Anand Srinivasan, (National University of Singapore)

RMI's affiliated researcher A/P Anand Srinivasan, in collaboration with other co-authors, wrote the paper "Lending Relationships and Loan Contract Terms" (Review of Financial Studies, in print) to examine the impact of past relationship in lowering information asymmetries between lenders and borrowers, as well as multiple lenders.

The information asymmetry between loan borrower and lenders is costly because lenders must invest in due diligence to assess the creditworthiness of potential borrowers, to screen out unacceptably poor quality borrowers, and to monitor the borrower.





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Risk Management Conference

July, 2009

2009 marks the 3rd Annual Risk Management Conference for RMI. The conference consisted of a one-day policy forum and one and a half day scientific program.


PRM Certification Training Program

June-November, 2009

The PRM program helps to prepare professional in the financial industry for the rigorous examinations of the PRM certification program, administered by the Professional Risk Managerí»s International Association (PRMIA).


Berkeley-NUS CFE Program

November, 2009

Renowned professors from the Haas School of Business, UC Berkeley Finance Department, NUS Business School and RMI teach in the program.


RMI Luncheon Talk Series 2009

November, 2009

In November, Dr. Jeffrey Bohn, head of risk appetite, Standard Chartered Bank and Professor Paul Embrechts, ETH Zurich, talk about the recent financial crisis with fresh perspectives.  



Master of Science in Financial Engineering 2010 Intake Registration
1 November 2009 - 19 March 2010

Financial Industry Competency Standards Program Registration
Starting from 16 November 2009

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Published quarterly by Risk Management Institute, NUS
Editor: Ivy Wang (rmiwy@nus.edu.sg)