The International Risk Forum, initiated by ABB Bank, was held in Baku with partnership support from Mastercard. The forum brought together representatives of regulatory bodies, financial sector leaders, local and international risk management specialists, and international experts. Among the participants were Deputy Chairman of the Central Bank of Azerbaijan Togrul Aliyev, President of the Azerbaijan Banks Association Zakir Nuriyev, and Deputy Chief Executive Officer of the Azerbaijan Investment Holding Deyanet Sadullayev.
In his speech, Chairman of the Management Board of ABB Bank Abbas Ibrahimov emphasized that geopolitical uncertainty, economic fluctuations, the development of artificial intelligence and new types of cyber threats make the modern business environment significantly more complex. According to him, these challenges require rethinking approaches to risk management: "This is the main idea of our forum — to go beyond the traditional perception of risks, exchange international experience and together prepare for the challenges of the future."
Deputy Chairman of the Central Bank of Azerbaijan Togrul Aliyev and President of the Azerbaijan Banks Association Zakir Nuriyev also shared their vision of the importance of effective and adequate risk management in modern conditions.
Deputy Chairman of the Management Board and Chief Risk Officer of ABB Bank Agshin Amirov, in a presentation titled "reTHINKING RISK: From Gatekeepers to Architects," spoke about the transformation of approaches in this area and presented new practices applied at ABB Bank.
During the forum, local and international experts presented their views on effective risk management and strengthening resilience amid global uncertainty and a rapidly changing economic environment. Participants also discussed the opportunities and risks associated with artificial intelligence, new approaches to combating cybercrime and financial fraud, as well as issues of digital asset management and investment risks.
Special attention was paid to the future of the risk management function in the banking sector, the safe adoption of innovative technologies, the role of risk management in strategic decision-making, and mechanisms for rapid response to emerging risks.
