Interest rate risk in the banking book (IRRBB) refers to the risk to bank capital and earnings arising from changes in interest rates that have a negative effect on banks’ banking book positions. TMA is delighted to have invited Dr. Marcel Bluhm, Research and Development Division, Banking Policy Department, Hong Kong Monetary Authority, as the guest speaker. This seminar provides an outline of the evolution of the IRRBB framework established by the Basel Committee on Banking Supervision, focuses on the current state of the art introduced after the global financial crisis, and provides details on the local implementation in Hong Kong.

Dr. Marcel Bluhm

Research and Development Division,

Banking Policy Department,

Hong Kong Monetary Authority

Marcel Bluhm is a Manager in the Policy Research and Development Division at the Hong Kong Monetary Authority, where he works on the local implementation of Basel Committee financial regulations since May 2017. Before his current position he worked six years as Assistant Professor at the Wang Yanan Institute at Xiamen University in China, teaching macroeconomics and carrying out research in macro-finance. From 2006 to 2011 he worked as researcher at the Center for Financial Studies (CFS) at Goethe University Frankfurt in Germany. In that position he supported the work of the Issing Commission, which was charged by the German government to develop financial market reforms after the 2008-2009 financial crisis. He was also in charge of research cooperation between the European Central Bank and the CFS (ECB-CFS Research Network) with a focus on financial markets and European financial integration. Marcel Bluhm is a research fellow at the CFS. He holds an undergraduate degree (DEUG) from University of Angers in France and graduate degrees (Diplom-Volkswirt; Doctor rerum politicarum) from Goethe University Frankfurt.

TMA Individual Members are entitled to receive 1 CPT (TMA) credit upon completion of the seminar. TMA is a recognized institution for providing continuous professional training (CPT) of the Securities and Futures Commission (SFC). The CPT hours can be used to meet CPT requirements of the SFC.  TMA Office will update your CPT record with the TMA (i.e. your CPT record as a TMA Individual Member) after the seminar is held.