ALMA Lunchtime Masterclass:

Thursday 10th September, 12.30pm – 1.30pm BST

“Valuation for Resolution; Why Resolution Authorities are using the term Economic Value; how is this different to IRRBB?”

In the current climate, authorities are unlikely to be overly accommodating on Recovery and Resolution requirements. Just last year, the European Banking Authority advised banks to calculate the cost of resolution alternatives through establishing an “Economic Value” (EV) and the Bank of England is increasing disclosure requirements in this area. What does EV mean in resolution terms however? And how does it differ from EV for Interest Rate Risk in the Banking book? This session aims to explain the background to this topic and give details of best practice examples.

Karen MossKaren Moss is a Director in Moody’s Analytics. Karen has 15 years of experience in International Banking, with the last 3 years in Asia. She is an expert in liquidity and interest rate risk management. In her last role, she was responsible for managing the balance sheet of Royal Bank of Scotland in Asia Pacific. Prior to this she has worked in various positions in a Treasury capacity in Europe. Based in Singapore, Karen is responsible for delivering value to our ALM client base, bringing them the latest thought leadership and best practice. Karen holds a degree in Economics from The University of Birmingham in the UK and the ACTM qualification from the Association of Corporate Treasurers.

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