Internal Seminar on “The Role of Derivatives Market in Risk Management”
On 13th August 2024, the Department of Accounting, Banking and Finance with the collaboration of the Faculty of Administrative and Social Sciences and Economics, held an Internal Seminar titled “The Role of Derivatives Market in Risk Management”. The seminar was presented by Dr. Abubakar .B. Karaye, a Lecturer in the Department of Banking and Finance. The seminar was targeted to all the staff of the faculty.
The main purpose of the seminar aimed to provide an in-depth understanding of how derivatives markets function and their significance in managing financial risk. The presentation focused on the fundamental concepts of risk, derivatives, including types of derivatives, their uses in risk management, and the importance of these financial instruments in modern finance.The seminar focuses on explaining how derivatives are used by individuals and institutions to hedge against various financial risks. It also highlights the potential risks associated with derivatives and the importance of proper risk management strategies.
The seminar was attended by various academicians and research assistants from different departments of the faculty. The seminar included an interactive session where faculty members engaged in discussions on the practical applications of derivatives in their respective fields. Questions were raised about the application of derivatives based hedging on crypto currencies, particularly in the context of emerging markets and the challenges of implementing effective risk management strategies.
In conclusion, The seminar successfully provided the faculty with a comprehensive overview of the derivatives market and its critical role in risk management. The discussion underscored the importance of understanding and utilizing derivatives responsibly to mitigate financial risks while acknowledging the potential challenges and risks associated with these instruments.
