On 25th October 2019, 5 students of finance specialization along with Prof. Preeta Sinha got an opportunity to attend a workshop on Risk Management in Banks. It was organized by “Calcutta Business School” in their premises where a lecture was delivered on Risk management in banks by Mr Tamal Datta Chaudhuri, Dean of Calcutta Business School. He is also the writer of the book " Treasury Management" He started with the introduction of commercial banks and their significant role in the functioning of any economy, emphasized the prominent role of Banks as a catalyst for growth, and also explained the need to study the topic as banks are highly leveraged organizations which accept deposits from the public and take various kinds of risks while creating financial assets. They are thus exposed to various kinds of risks and therefore, the risk management methods are required to mitigate such risk. Risk Management techniques and tools that a bank can use for risk management were highlighted in the session. The regulatory guidelines in accordance with Basel framework was explained in detail by the speaker. Overall it was a very informative session which provided an insight into various risks the banks are exposed to and the risk-mitigating tools which are required to manage it.
