OREANDA-NEWS. November 02, 2009. “The Baku Risk Management Seminar 2009” was held today in Baku.  Seminar was organized under support of AZEL – the leading ICT Company in Azerbaijan and MORS Software LLC – provider of risk management solutions. The participants of seminar were presented by the leading banks of Azerbaijan and financial structures.

During the seminar the risk management practice at the local banking sector, and the international best practice risk management trends were discussed.

Opening the seminar Chairman of Supervisory Board AZEL, Igor Yakovenko has mentioned that, “Risk management plays an important role especially in the period of world wide financial crisis. So why financial structures and banks have to pay more attention to the correct financial planning and for adequate and timely risk identification in order to take the appropriate steps to avoid financial problems".  AZEL together with MORS Software offers risk management advanced solution for Azerbaijan banks.

At the seminar IFC and MORS Software LLC reports were presented. As it was mentioned by the founder and General Manager, MORS Software LLC, Mr. Mika Mustakallio, “Our Company   offers innovative solutions that benefit leading financial institutions across the world. System developed by MORS Software provides interactive and reporting solutions for treasury and risk control functions of financial institutions. The solutions are designed to fulfill the highest safety and control recommendations set for banks by industry known bodies and regulatory committees. Also offering the outmost monitoring and reporting capabilities for the management and the owners of the banks. MORS Software solutions are used by treasury and trading rooms and risk controllers across the world today within leading financial institutions in Helsinki, Hong Kong, New York, Oslo, Shanghai, Singapore, Stockholm and Warsaw”.

At the end of the event mutual discussions and exchange of view between the participants was held.