Past Crises in Emerging Capital Markets. Risk Management and Alternative Instruments
CFA Association Russia business breakfast
October 3, 2017
Emerging markets demonstrate higher depth and frequency of crises in their capital markets. Investing in Emerging markets can bring good rewards, but requres thorough study of past crises, their causes and consequences.

In order to face crises in fairly good position, investors need to prepare well, put in place hedges and risk monitoring routines.

We will discuss major causes and similar patterns in several EM crises over the past 25 years, examine their effects on FX and interest rates, and explore possible alternatives and hedging strategies.

Tuesday, October 3

08:30 - 09:00 Registration

09:00 - 10:30 Presentation
1.1 Emerging Markets Crises Study
1.1.1 Mexico FX and Interest Rates
1.1.2 Indoensia FX and Interest Rates
1.1.3 Russia FX and Interest Rates
1.1.4 Turkey FX and Interest Rates
1.1.5 Argentina FX and Interest Rates
1.1.6 Russia FX and Interest Rates
1.1.7 Emerging Markets Crises recap
1.1.8 Impact of US Interest Rates hikes
1.2 Crisis Management in Capital Markets
1.2.1 Hedging
1.2.2 Internal Risk Monitoring
1.2.3 External Risk Monitoring
1.2.4 Before, During, After
2 Alternative Financing - Private Placement
2.1 Private Placement, What are they?
2.2 Advantages
2.3 Disadvantages
Philippe Delmotte
International Senior Manager in Capital Markets (20 years experience across 3 continents).
Has an expertise in Emerging Markets (ASIA, MENA, CEE, LATAM).
Mr. Delmotte is an Executive Committees Member : FX (permanent), ALM and FICC (extended ExCo), EUROPLACE Paris member (Chinese Renmimbi).
Speaks fluently French, English, German, Spanish, with some Russian and was working in different countries including France, United Kingdom and Germany.
Managing Director, Head of EMEA FX, Global Head of Precious Metals - Crédit Agricole CIB (Paris Area, France).
CIB Capital Markets, Global Head of Flow FX, Crédit Agricole
(London, United Kingdom ) etc.

By Metro
«Kurskaya» (ring) ~ 5 min
«Kurskaya» (Arbatsko-Pokrovskaya) ~ 5 min
Exit from the metro following the signs - > "Kazakova street" - > "the Gogol theatre" - > "to long-distance trains".
In the underground tunnel move along the left side until the left turn (sign: to the Gogol theatre/Kazakova street), continue your way straight inside the tunnel.
After exiting the tunnel turn right and follow straight until you reach the building 5/19.

By Car
Paid parking available on the territory of "ARMA" - 100 RUR per hour/ per entrance. Paying by cash only at any exit point (1,2 or 3).
1 From Sadovoe ring
- On the outside of Sadovoe Ring, turn right to Kazakova street
- After passing the Gogol theatre turn right at T-junction
- Move down the lane until you reach the entrance 3 or entrance 1.
2 From Sadovoe ring
- On the outside of the Sadovoe Ring, turn right at the sign to Verkhnyaya Syromyatnicheskaya street
- At the fork (Y) turn left on 4th Syromyatnichesky lane, then turn left on Mrzuvoskiy lane
- Move up until you reach the entrance 2.
3 From the Yauza embankment
- On the embankment Tupoleva take the turn to Mrzuvoskiy lane
- Follow the lane until you reach T-junction (right after gas station «Tatneft») and then turn right. You will get to the entrance 2.
Address: Mazars Russia, Moscow, Nizhniy Susalniy pereulok, 5/19
Business center "ARMA", 4 th floor
: 3 October 2017
If you have any questions, please contact us by email: or phone +7 968 593 3084.