ABB Bank Holds International Risk Forum (PHOTO)

(MENAFN- Trend News Agency) The International Risk Forum, initiated by ABB Bank, was held in Baku with the partnership support of Mastercard. The forum brought together representatives of regulatory authorities, financial sector executives, local and international risk management professionals, as well as global experts. The event was attended by Toghrul Aliyev, Deputy Governor of the Central Bank of the Republic of Azerbaijan; Zakir Nuriyev, President of the Azerbaijan Banks Association; and Deyanat Sadullayev, Deputy Chief Executive Officer of Azerbaijan Investment Holding.

In his remarks, Abbas Ibrahimov, Chairman of the Management Board of ABB Bank, noted that geopolitical uncertainty, economic volatility, the rapid development of artificial intelligence, and emerging cyber threats have made today's business environment significantly more complex. According to him, these challenges require a fundamental rethink of traditional approaches to risk management: “The core idea behind our forum is precisely this - to move beyond the traditional perception of risk, exchange international experience, and prepare together for the challenges of the future.”

Toghrul Aliyev, Deputy Governor of the Central Bank of the Republic of Azerbaijan, and Zakir Nuriyev, President of the Azerbaijan Banks Association, also shared their perspectives on the importance of effective and appropriate risk management in today's environment.

Agshin Amirov, Deputy Chairman of the Management Board and Chief Risk Officer of ABB Bank, delivered a presentation titled “reTHINKING RISK: From Gatekeepers to Architects”, in which he discussed the transformation of risk management approaches and presented new practices being implemented at ABB Bank.

Throughout the forum, local and international experts shared their perspectives on effective risk management and strengthening resilience amid global uncertainty and a rapidly changing economic environment. Participants also discussed the opportunities and risks associated with artificial intelligence, new approaches to combating cybercrime and financial fraud, as well as the management of digital assets and investment risks.

Particular attention was given to the future of the risk management function in the banking sector, the safe adoption of innovative technologies, the role of risk management in strategic decision-making, and mechanisms for responding swiftly to emerging risks.

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