The webinar is a panel discussion being delivered on the back of developments in recent years where actuaries are increasingly being involved in banking practice in a number of jurisdictions around the world that include South Africa, Australia, North America, and the UK.
The objective is to provide guidance and information to actuaries on opportunities for applying actuarial techniques in banking practice and highlight areas where actuaries elsewhere are already currently involved as well as areas where actuaries may be involved.
The webinar leverages the work of the Banking Virtual Forum of the International Actuarial Association that worked on a paper on “Opportunities for Applying Actuarial Techniques in Banking” released in July 2021.
Most opportunities for Actuaries in banking are typically in risk management areas ranging from credit risk, market risk, liquidity risk, operational risk, and other business risks. Most methodologies and techniques used to quantify banking risks, allocate capital, and determine product prices are already familiar to actuaries. The intention is, therefore, not to develop new methodologies for banking, but to aid understanding of banking products, terminology, and regulation and to identify areas where actuaries are already applying or could apply techniques with which they are already familiar.
