iRTM participated as a silver sponsor at a premier GFMI liquidity event, the Liquidity Management, ALM and FTP conference, which took place in Dubai, UAE on 28thand 29thof March 2016. Intellect was represented at this event by Preeti Mishra (Vice President – Marketing, iRTM), Philip Bethell (Business Development & Consulting, Middle East – iRTM) and Indranil Dasgupta (Business Head – OneLRM, iRTM) from the iRTM team and Sairus Bapooji (Country Head – UAE, Qatar & Oman) & Reena Sheth (Business Development – UAE) from the Sales Team. iRTM representatives showcased One Treasury and One LRM solutions to a diverse range of Treasury and Risk Management professionals from the MENA region.
Representatives from banks like Al Hilal Bank, Al Ahli Bank of Kuwait, Emirates NBD, RakBank, Dubai Financial Services Authority, Saudi Arabian Monetary Agency (SAMA), Ajman Bank, National Bank of Fujirah, Qatar National Bank (QNB), Burgan Bank and National Bank of Abu Dhabi visited Intellect's stall to discuss about their business requirements and understand more about iRTM's offerings. Salient guests like Naif Alghaith (Director of Monetary Policy & Financial Stability – SAMA) and Juraj Beno (Head of Strategic Financial Planning – Burgan Bank) had detailed discussions with iRTM solution experts.
Philip Bethell delivered a speech on the topic of 'Liquidity Risk Management – When Cash is no longer a King'. He talked about Quantitative Risk Management (QRM) Frameworks and the various liquidity issues faced by banks in the Middle East region.He stressed on how these liquidity issues impact liquidity positions and the need for banks to build up buffers of High Quality Liquid Assets (HQLAs) to help themselves in their journey to achieve compliance with Basel III norms. He mentioned that Central Banks in this region were withdrawing cash from the system, due to various factors like reduction in oil prices and political conflict. Keeping this in mind, developing appropriate Basel III facility controls will enable banks to improve visibility at a granular level, boost returns and improve their strategic decision making capabilities.
While discussing about, what a QRM framework should comprise of, he contextually explained the capabilities of One LRM solution in the areas of ALM/FTP, Balance Sheet Management, 360-degree risk visualization, Funding Optimization, Risk Data Aggregation and Regulatory Reporting. He laid specific stress on how One LRM's Funding Brain module can be used by risk managers to manage non receipts gaps & liquidity troughs, make economical replacement decisions and formulate hedge strategies. Apart from this, Indranil Dasgupta represented Intellect in a panel discussion on the topic of 'Stress Testing & Best Practices'. Both the panel discussion and Philip Bethell's presentation were well received by the audience.
This conference provided insights about the regulatory ask and the macro-economic challenges faced by banks in the MENA region. It enabled Intellect to connect with a few banks and generate meaningful business discussions immediately. It acted as a good platform to brand One LRM in the GCC Middle East Markets. One of the major attractions of Intellect's stall at the conference, was that visitors had a chance to win an apple watch – Mr.Naif Alghaith was the lucky visitor who bagged the watch.