Course Overview

This practical course will provide a comprehensive introduction to sovereign and quasi-sovereign risk and an understanding of the tools and methods used in assessing and managing these risks. It defines the concepts “country risk” and “sovereign risk”, and explains the sources of these types of risk and the role they have played in the current and previous financial downturns.

Training DurationTotal Training Hours : 20-24 Hours
Training Duration : 1 Week
Total Training Days : 4 Working Days
Training SchedulesWeekdays (Sunday to Thursday)
Regular Sessions : 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm)
Food & refreshments Included

WeekEnds (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9am to 5pm)
Food & refreshments Included

1) Certificate from Laurels Training Institute, Attested by Knowledge & Human Development Authority (KHDA) government of Dubai, UAE - With Online Worldwide recognition facility

2) Certificate from American Institute of Professional Studies (AIPS) from USA (After 15 Days of course Completion which will couriered to the attendees office address) - With Online Worldwide recognition facility

Learning AidsYes
Course MaterialHard & Soft Copies of Study Material
Language of InstructionEnglish
Instructor HelplineYes
1. Email
2. Social Media (For Emergency requirements)
Registration Requirements1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
Mode of Payment:Cash / Cheque / Credit Card / Bank Transfer.
Eligibility Criteria
(Who should attend this training)

This four-day Sovereign and Country Risk Analysis workshop is intended for investment managers and other financial professionals requiring a clear understanding of the analysis of sovereign and country risk.

- Risk Managers

- Internal Auditors

- Accountants

- Backoffice Employees

- Controllers

- Managers

- Compliance

- Regulators

- Account Managers
Course Benefits

Understand sovereign debt issuance in today’s capital markets

Interpret macroeconomic and other quantitative data

Integrate qualitative risk factors into the risk assessment

Measure the likely impact of banking system support on the sovereign credit

Assess the importance and impact of supranational agencies

Appreciate how the ratings agencies, and other practitioners in the markets, assess and price risk

Anticipate defaults, and minimise loss in a stress situation

Position for recovery situations and predict improving sovereign credit quality
Course Contents / Outline

Day 1:

Sovereign Debt Issuance Basics Background

Case study: spread divergence and volatility in the Eurozone since 2007

Foundation of analytical techniques

Economic modelling: data sources

Case study: integrating quantitative and qualitative factors - Dubai

Monetary and fiscal policy and its implications

Case study: Brazil and the government’s access to developing local financial markets since the Plano Real

Day 2:

International credit rating agencies

Case study: why should the US not be “AAA”?

Case study: how to use a “Default Study”

Sovereign risk and the markets

Case study: integrating quantitative and qualitative factors - Dubai are CDS more accurate than credit ratings?

Sovereign risk under stress

Case study: global multilateral support during the Asian financial crisis

Improving sovereign credits


Day 3:

Analysis of the financial sector and its potential impact on sovereign risk

Case study: Mexico, Ireland, and Spain: lessons from history and today

Case study – the differing approaches of three Scandinavian countries

Financial institutions in the context of a country’s economy

Case study: Iceland; the United States

Portfolio management and sovereign risk

Day 4:

Sovereign debt crises and their resolution

Regional and local sub-sovereign borrowers

Country ceilings: sovereign risk and transfer risk –the evolution of a concept

Topics in country risk

Course summary and close"

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