SGV hosts GARP Manila Chapter Meeting

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The Global Association of Risk Professionals (GARP) Manila Chapter conducted one of its chapter meetings at SGV with the topic Introduction to Country Risk Assessments and Sovereign Risk Modelling. FSRM partner Ian Lauron (CGL) and associate director Alister Benedict Rodriguez — both GARP members who have the Financial Risk Manager (FRM) designation — were the event’s main speakers. Senior associate Gabriel Fernando Magno and associate Mark Daniel Dionisio-See contributed to the research and study of the topic.

The speakers distinguished between country and sovereign risk, and discussed the approaches in assessing and modelling these risks. “Being highly knowledgeable in these topics will help us advise clients on cross-border and integration issues in ASEAN by measuring and pricing these risks into their planning and financial decisions,” Alister shares.

The speakers also covered the contingent claims analysis (CCA) framework and the interaction between the financial sector and the sovereign, with the CCA framework being extended to apply “risk-adjusted balance sheets” for both the financial sector and the government. They capped their presentation with a discussion on political risk. There was a Q&A session with the audience, which included regulators and government officers as well as financial industry executives.

Alister encourages SGVeans to apply for GARP membership or for the association’s FRM program. “As a GARP member, you will have access to exclusive content that you will find useful, especially if you want to pursue a career in risk management,” he says. “Those who have earned the FRM designation have access to even more benefits and materials. CGL adds that sovereign and country risks are covered in the FRM certification and continuing education programs.

Interested applicants may visit www.garp.org and click on “Membership” for more information.