Risk, including FX & currency risk, has once again risen to the top of the agenda for many banks and financial institutions, due to the high volatility of exchange rates and the uncertainty of underlying market factors. Among these factors are the ongoing Eurozone crisis, which has prompted speculation on the future of the Euro; global banking and financial crises, and the uncertainties of economic performance, sovereign down-grading, and debt. These have had a particular impact on the strength of certain major currencies & corporate and bank liquidity.

Therefore, it is crucial for companies, with the support of their banks, to prepare and equip themselves with tools and strategies on how to effectively measure and hedge their FX risk, while at the same time ensuring safe access to global currencies to support their liquidity needs in these highly uncertain times.

Counterparty and Credit risks have become one of the key financial risks to identify and manage in the banking industry and other financial institutions. The analysis of Counterparty in Credit risk is an essential component in Risk and Profitability Management. Moreover, the identification of Current and Future Credit Exposures is driven by both counterparty and market financial analysis elements. Credit Exposures must be efficiently managed and minimized by usually employing credit limit approaches.

The role of Credit Enhancements plays a critical role in measuring real credit exposures. The difficulties for evaluating when and how gross exposure is recovered, bringing in the credit risk analysis many challenges.

Rating Counterparties Credit spreads and the probability of defaults are still considered open issues with unclear and even less accepted approaches and analytical techniques. Moreover, the correlation between the counterparties and credit risk with the market risk factors and behavior elements is also fuzzy.

Stochastic-based Credit VaR approaches have been mainly used for identifying and measure credit financial risks; however, stress testing that is based on deterministic assumptions is becoming more and well acceptable by institutions and regulators. The implementation of Credit Value Adjustment Approaches is one of the hottest topics in credit risk analysis. More than ever practitioners are based on both Static Analysis and Dynamic Simulation. The latter is employed under going concern status where the credit characteristic of the counterparty is changing together with the evolution of the market conditions. The integration of Credit Risk with other types of risks is becoming an important element in the financial risk management process.

In this masterclass, the above issues will be presented and discussed extensively; more importantly, corresponding real cases will be shown how and when to align all theoretical aspects with practical implementation issues.

The global economic difficulties of the last two years and more have served to illustrate the crucial importance of having Budget, Forecasting, and Cost Management processes that genuinely support management decision making. Budgeting has, traditionally, been one of the most widely used of management disciplines – and yet also one of the most criticized.

The need for companies to make their budget preparation process simpler and more efficient is a challenging task and widespread concern in business circles. With growing changes in market conditions and pressures, having solid planning, budgeting & forecasting processes and also proactively managing costs can allow many organizations to more effectively set goals, develop plans, monitor performance and forecast anticipate changes.

Salvo Global’s Advanced Budgeting, Forecasting, and Cost Management masterclass is aimed at helping participants to develop and sustain ‘value add’ Budgeting, Forecasting, and Cost Management disciplines that are relevant to the difficult business climate and adaptable to rapidly changing circumstances. This course explores a range of newer budgetary & financing techniques including rolling forecasts framework and beyond budgeting and will also demonstrate a thorough knowledge of performance management- its analysis & control, aligning budgeting, and strategic planning processes. This course will be an intensive and highly participative program with a combination of case study discussions and a number of syndicate exercises.

The entire banking and financial services industry is undergoing drastic change. Innovation in technology increased regulations, and expansion of digital channels have integrated to present a challenging time for the banking and finance industry. In this environment of change, companies will need to adapt to rapidly changing events on the ground or they will find themselves left behind in the increasing niche market positions.

Tremendous innovation is happening across the world. Whether it is the advent of the ‘peer to peer’ financial services, startups that use the power of 340 million tweets each day to predict movements in the stock market or designing wealth management platforms that are indistinguishable from social media, the nature of banks and financial services products are rapidly changing and evolving in profound ways that we are now only beginning to understand. There are additional challenges beyond simply introducing a competitive product to the market. The requirements for innovation and due regard for the customer experience means that now, more than ever, product development means developing an end-to-end customer experience, not just the product. And the impact of new technologies, in particular social media and mobile technology, are profoundly redefining the form and function of financial services products, as well as redefining what it means to be truly innovative.

Salvo Global’s masterclass considers product development for banking and financial services companies in the light of the increasingly disruptive forces that are reshaping the global financial services landscape. This course will help delegates adapt and tailor their product in this rapidly changing market. They will be capable of tackling the challenge of new technologies, economic uncertainties, an increase of completion, and demanding customers by introducing proven key product management concepts and strategies that can only be acquired by attending this masterclass.

Financial parts of the projects are always very critical and equally challenging for engineers and technical professionals. The financial constraints even delay the project completion as experienced by many engineers across the globe. Engineers and technical professionals must learn the financial aspects of projects in order to achieve clear and compelling project economics.

This shall help engineers, project managers, sales and marketing executives, etc. to get their project approved and thereby have a dominant impact on their organization’s overall business performance.

This masterclass will provide participants a fruitful platform to have far more control over corporate budgets, reports, profits, and expenditure. Participants will also gain skills to comprehend the contents of financial statements, analyze and interpret financial information, effectively control costs of expenditure. This newfound financial awareness of tools and terms will help engineers to effectively interact and co-work with finance managers, reduce costs and waste, plan ahead adequately and make wiser decisions that impact corporate finance.

Salvo’s interactive course on advanced risk management for banking institutions focuses on the best practices in modeling liquidity risk undertaken by leading financial institutions after the lessons learned from the global financial crisis. The course tackles liquidity risk in conjunction with other risk categories (traditionally seen as disjoint risk classes) such as market and credit risk. The course leads the attendees through all relevant liquidity risk measures that are being adapted to reflect the newly created complexities of modern financial markets such as analytics, forecasting, measurement, and risk indicators & metrics. In addition, the course will cover the key areas of funds transfer pricing, stress testing, contingency planning, and the new regulatory requirements under Basel III.

Despite the recent economic downturn, organizations were still concerned about their exposures, and by December 2011, the size of the OTC derivatives market was just over US$700 trillion (measured in terms of the notional amount outstanding). This represents an expansion of some 18% in the previous 6 months. To meet the precise requirements of end-users, the derivative markets are still evolving to provide a wide range of innovative structures.

This advanced derivatives course is designed to provide the latest practical and theoretical developments in the structuring, pricing, and hedging of OTC derivatives such as swaps and options plus a variety of embedded combinations.