Professional Documents
Culture Documents
B M Mittal
B M Mittal
Mittal Chief General Manager Punjab National Bank Head Office, New Delhi
The Drivers Techonological readiness The Project plan esource Planning Perceivedbenefits andchallenges
Key Drivers Cricital Drivers for Basel II %age of Implementation respondents Compliance with regulation 46% Enterprise risk management 32% Internal commitment 17% Perceived change in operational risk 5% Reaction to external events 0%
Challenges for Banks evelopment of market for Credit derivatives and other credit mitigation products
Credit derivative products yet to be introduced in India. Evolution of developed market for credit derivative is required to mange credit risk effectively and to get full benefit of risk mitigation. Rigorous legal and regulatory framework and less developed secondary market for bonds/ loans etc is a ma or impediment in development of credit derivative markets.
Integrating risk management with operational decision making process by conducting periodic use tests. Periodic backtesting and stress testing of the existing models to test their robustness in the changing environment and make suitable amendments, if required.