Conference Dates: May 27-28, 2017
Venue: Al Murooj Rotana Hotel, (Opposite to Dubai Mall)
Dear & Esteemed Colleagues,
It is with great pleasure that we extend a warm welcome to you to the International Conference on ‘Risk Management being jointly organized by the Global Business Research Journals (GBRJ), SDMIMD-Mysore-India and Greater Vision Conferences & Seminars on May 27-28, 2017 in the great Emirate of Dubai-UAE.
You are cordially invited to submit your research manuscripts/case studies in all areas of business. In addition to paper presentations and discussions, the conference will include special invited lectures on contemporary topics in risk management.
Global financial meltdown (2008) has left deeper impact on the banking and financial markets. Of course, we have learnt many hard lessons out of the crisis. The unexpected failure of Lehman Bros.,(September 2008) triggered greater havoc in the markets. Global stock markets fell dramatically and the housing sector suffered heavily triggering drop in prices. The events that followed precipitated the crisis beyond anyone’s imagination. Failure of housing markets, banks, financial institutions, mortgage-lending institutions and insurance entities had its own ‘cascading effect’ on other sectors causing further damage and erosion in shareholders’ wealth, job losses, default on loans and foreclosures.
Researchers in financial markets and risk management institutions articulate on several causes. The most significant among them include lack of understanding of risk management practices, excessive risk-appetite, inadequate policies, procedures & control mechanism, highly complex & risky financial products, failure in governance & internal controls, excessive debt component (high gearing) on balance sheets resulting in poor buffer capital, uncontrolled expansion/predatory lending, CDS market growth, excessive exposure to various risks, weak financial & stress testing models and shadow banking system, among others.
The major step for mitigating the above risks should be to identify the different types of risks that might affect an institution. The potential risks include the following:
Business Risk: (Macro policy, legal system, regulatory framework/compliance, country risk, strategic risks etc.,).
Operational Risk: (White-collar crimes, internal and external systems failure, damage to physical assets, delivery and processes etc.,).
Financial Risk: (leverage, inadequate buffer capital, excessive credit, liquidity problems, interest rate volatility, currency volatility etc.,).
In addition, there are many other risks that potentially affect the institutions and their successful functioning. For instance, board failure, management failure, accounting failure, governance failure and regulatory failure do affect the banking and financial institutions putting their survival at risk. (Source: Hennie van Greuning, World Bank Treasury).
For mitigating and minimizing all the above risks, one has to ensure ‘investor confidence’ so that higher volume of investments take place in financial markets.
Against this backdrop, the upcoming conference aims at achieving the following objectives:
a) Improve the current practice in risk management, enhance awareness and understanding of risk management practices in banks and financial institutions;
b) Provide an ideal platform for researchers, economists, bankers and practitioners to network and share their research and practical experience in implementing successful risk management practices in organizations.
c) Sufficiently safeguard institutions from business, financial, operational risk-related failures and avoid exposure to such risks in the future;
d) Suggest suitable risk management systems so that the future of banking and financial systems is quite safe.
Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD), ranked among the top Business Schools in India, is located at the foot of Chamundi Hills in the heritage city of Mysore, Karnataka. The campus has won many architectural and landscape awards and provides a great environment for learning and germination of managerial intellect. The institute has been conferred A** Rating at National Level by CRISIL.
The institute is promoted by the Shri Dharmasthala Manjunatheswara Educational Trust - a premier non-profit educational organisation functioning under the aegis of Shree Kshetra Dharmasthala, which is known for its unique embodiment of Dharma. Today, SDME Trust has more than 40 recognised educational institutions under its wings, imparting quality education from the primary level to the postgraduate level. Trust is known for the professional institutions in Medical, Dental, Engineering, Naturopathy, Ayurveda, Law, Business Management and Physiotherapy. The trust and all the associate institutions benefit from the visionary leadership of our Chairman, Padma Bhushan Dr. D. Veerendra Heggade, Dharmadhikari of Dharmasthala.
SDMIMD’s AICTE approved PGDM programme, accredited by NBA, runs for six terms over two years with an impeccable track record of academic rigor. SDMIMD also has Student Exchange Programs with the MAYS School of Business, Texas A&M University, USA; Global Management Institute of Shanghai University, China; and British University in Dubai, Dubai. These student exchange programmes enable students to understand each other’s cultures, business practices and traditions. This gives students an edge when it comes to international opportunities.
The SDMIMD’s research unit - SDM Research Centre for Management Studies’ (SDM RCSM), publications ‘Cases in Management’, ‘Contemporary Research in Management’, ‘Excerpts of Select Summer Internship Reports’, have come in for praise from the world of academics. The institute’s journal ‘SDMIMD Journal of Management’ indexed in EBSCO and iScholar has evolved as a prestigious publication well known for the quality of the papers, therein.
To know more about SDMIMD please visit: www.sdmimd.ac.in