The global financial crisis has escalated from a “credit crisis” into a multi-stage crisis involving sovereign bonds, market liquidity of traditionally deemed high liquid assets into a deep funding crisis where banks fail to trust each other in the interbank unsecured money markets (also known as LIBOR markets) and revert to finding liquidity from the central banks.
Especially in such volatile times, a good understanding of international best practices for managing liquidity during crises can augment managers’ abilities to succeed.
Many cases will be discussed with a particular earmark on the way institutions weathered the liquidity crisis of 2007 – 2008. Some “best in class” vs. “worst in class” examples will be addressed and the instructor will moderate targeted discussions on what are the lessons drawn from the recent industry-wide crisis.
An afternoon session is entirely dedicated to the case study of liquidity management principles, methods and processes as practised by a very large Swiss universal bank – which weathered the global liquidity crisis among the best in class due to their conservative but advanced liquidity strategy. A special (analytically intensive) session is dedicated to the most advanced methods of modelling non-maturing assets and liabilities.
This is an advanced level workshop and assumes that participants will be familiar with a bank´s treasury operations and fundamental market instruments such as swaps, swaptions, FRAs, interest rate futures contracts and FX derivatives.
Who is this course for?
Banking and Insurance/ Reinsurance Treasury Professionals
Risk Managers and Risk Controllers
Auditors (internal and external)
Fixed Income (cash and derivatives) traders
IT professionals specialised in treasury systems
Executives who are members of ALCOS (“asset – liability committees)