CBSL seminar

Ramani Kangaraarachchi

The art of managing risk in financial companies has become more challenging than ever because financial services companies operate in increasingly complex, competitive and uncertain global markets.

Central Bank Deputy Governor Priyantha Fernando said the ability to manage risks across geographies products, customer segments and functional departments is of paramount importance as inability to manage the risk can cause irreparable damage and affect the stability of the financial system.

He was speaking at the inaugural session of the international seminar on risk in financial services at the Central Bank of Sri Lanka Centre for Banking Studies, Rajagiriya yesterday. He hoped that the lessons of the seminar will ensure that the candidates get a broad understanding of the general principle of business risks, the key risks that arises within the financial services industry and the approaches that are typically used to identify, reduce and manage specific aspects of risks in financial services industry.

A Fellow and an accredited trainer of the Chartered Institute of Securities and Investments and Oracle BPO Chief Operating Officer Ravi Raman and Jayashree Sathy, a Chartered Accountant with 13 years experience from India are the resource persons.

A total of 41 participants from 18 institutions in Bangladesh, Nepal and Sri Lanka are participating at this five day seminar.