Manama, Bahrain - BIBF, in collaboration with the Bahrain chapter of the Global Association of Risk Professionals (GARP) USA, recently organised a seminar highlighting some of the most profound ideas in the financial economics discipline to date, especially concepts for which the Nobel prizes were awarded and considered the contribution to real world practices.
The event was held at the BIBF premises in Juffair and was attended by members of GARP, local and regional capital markets regulators and financial experts.
The seminar, titled "Nobel Ideas", focused on a range of economic concepts; from Markowitz's paper on "Portfolio Selection" to Sharpe's paper on capital asset pricing, Black and Scholes' paper on option valuation and the work of the two most recent Nobel laureates, Fama and Schiller.
"There is no other area among the social sciences where concepts that began as esoteric academic ideas have been translated into workable, practical ideas than in financial economics. Concepts like Securitization, Option Valuation, etc. have profoundly affected the modern practice of financial management in addition to creating entirely new lines of business from mutual funds and hedge funds to private equity and all kinds of arbitrage strategy funds.", said keynote speaker Prof. Sudhakar Raju during his keynote speech. Prof. Raju, holds a primary appointment as the Miller Chair in Finance at the Helzberg School of Management, Rockhurst University (USA) and a secondary appointment at the Kennedy School of Government at Harvard University (USA).
The seminar focused on the contribution of theoretical and academic Nobel Prize concepts to the real world practice.
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About BIBF
BIBF plays a vital role in the training and development of human capital for the business sector of the Kingdom of Bahrain. BIBF also partners with numerous world-class institutions such as DePaul university and Bangor university, delivering thought leadership, research and advisory, assessment and training solutions in the areas of Accounting and Finance, Academic, Executive development, Banking, Leadership and Management, Insurance as well as Islamic Finance and Information Technology.
BIBF also has over 300 different courses offered in the field of business which come alongside tailor-made training solutions based on organisational requirements; specialised programmes taught by leading market specialists; and professional qualifications and degree programmes in partnership with accredited international organisations.
Since its inception in 1981, BIBF has grown from training 450 applicants a year primarily within the banking industry, to 20,000, drawing participants from all sectors in the field of business. This growth allowed the BIBF to qualify over 200,000 learners in the last 3 decades.
BIBF's faculty is comprised of business veterans, academics and qualified senior industry professionals. BIBF also has a very strong international presence, and has made its mark with clients in Asia, Africa, Europe, USA and the Middle East.
For further information please contact:
Hisham Abu Alfateh
Head of Marketing & Communications
Tel: +973 1781 6331
Email: hisham@bibf.com
© Press Release 2014
