Banking sector experts at a conference stressed re-examining the existing risk management framework and making it future-ready to withstand risk emergencies.
They weighed in on unseen risks, especially in the digital banking ecosystem and cyberspace, as the banking sector navigates challenges of constantly evolving risks.
They made call for prior preparedness to face risks likely to surface in the future while addressing Annual Risk Conference 2024, organised by BRAC Bnak recently.
The bank organises a risk conference annually to raise co-workers' awareness of risks in daily banking operations and find effective ways to overcome them.
The conference was organised in line with Bangladesh Bank Risk Management Guidelines for Banks 2018.More than 1,000 co-workers, including Branch Managers, Branch Operations Managers and other senior officials, participated in the daylong conference in person and on a virtual platform at the bank's head office in Dhaka on November 23, 2024.
Meheriar M Hasan, the Chairperson; Faruq Mayeenuddin Ahmed, Vice Chairperson; and Selim R. F. Hussain, Managing Director and CEO of BRAC Bank, participated in a panel discussion on 'Banking Sector Outlook and Way Forward'.
Salek Ahmed Abul Masrur, Independent Director and the Chairman of Board Risk Management Committee (BRMC), BRAC Bank; Shahidul Islam, CFA, Chief Executive Officer, VIPB Asset Management; participated in panel discussion on Market & Liquidity Risk and Challenges.
Dr. Zahid Hussain, Independent Director at BRAC Bank, presented a keynote on the "Macroeconomic Outlook".
Commenting on the conference, Meheriar M Hasan, Chairperson, BRAC Bank, said: "Banks often come across many risks in day-to-day banking operations. We must upskill our people in risk management to handle them effectively and efficiently. We think capacity building through such a knowledge-sharing conference is essential to face the risks."
