Speaking on Implementing Risk Management: Adapting Normative Practice to Russian Specifics Philip Halperin, Director of Risk Management of Alfa-Bank and two-time international award winner in Operational Risk in Emerging Markets, presented real examples of compensatory adaptive technique drawn from his experience in implementing best practice in Market, Credit, and Operational risk.

“Implementing Risk Management in the Russian Banking Sector is challenged by impediments specific to transitional or post-Soviet economies. Russia is a market like any other market, and different from all others like any other. We must be creative in our implementation and compensatory in our adaptation of technique”, said Halperin.

Adam Smith Institute conference key note speakers included Michel Perhirin, Chairman of the Board at Raiffeisenbank, Brandon Davies, Managing Director, GARP, Bella Zlatkis, Deputy Chairperson, Sberbank of Russia, Andrey Melnikov, Deputy General Director, Agency for Deposit Insurance in Russia.

The Forum highlights include: risk management, focus on syndicated loans, masterclass on securitisation, spotlight on SME lending.

Alfa-Bank’s Risk Management Division was founded in 1999 and established the first modern and unified risk management practice in Russia comprising Credit Risk, Credit Methodologies, Market Risk, Retail Risk and Operational Risk Management.