This course explores the behavioral assumptions that drive IRRBB, FTP, hedging and liquidity, and why they matter. Learn how to derive, calibrate and govern deposit beta, decay rate and behavioral maturity, and see how a single assumption change can cascade through the hedge, P&L and regulatory metrics, grounded in the lessons of SVB’s deposit concentration failure and current EBA/PRA expectations.
The chain from assumption to IRRBB to hedge to P&L.
Deposit beta, decay rates and behavioral maturity – estimation and calibration.
Current accounts, savings, mortgages, overdrafts and credit cards.
IRRBB impact, FTP rate construction and structural hedge calibration.
Lessons learned from SVB’s case study, plus Q&A.
Svetlana Kardan
Head of Balance Sheet Management
Monzo Bank
Svetlana Kardan is a seasoned finance executive with over two decades of experience in treasury risk management. Currently serving as the Group Head of ALM at Monzo Bank, she oversees critical functions including liquidity, funding, interest rate risk, and foreign exchange risk strategies. Previously, Svetlana held the prestigious position of Group Head of IRRBB and Stress Testing at HSBC. Renowned for her expertise in balance sheet optimization, governance, and modelling, she also serves as a respected senior treasury consultant and trainer, advising organizations on navigating complex financial landscapes and advancing industry best practices.
