Lecture on the theme: Currency Derivatives

On November 12th, final year students of Bangor University’s ‘Banking and Finance’ as well as ‘Finance, Investment and Risk’ programs had a privilege of hosting Ms. Maftuna Azizova, - a former Standard and Poor’s (S&P) Associate Director - as their guest lecturer. Ms. Azizova delivered a lecture on Currency Derivatives as part of the International Finance module, taught by Ms. Sara Shamsutdinova (module lead lecturer) and by Ms. Inoyathon Sadikova and Mr. Otabek Khatamov (module tutors).

Ms. Maftuna Azizova is an industry expert with over eleven years of service at S&P’s New York headquarters, world’s largest rating agency. In addition, she worked at numerous other financial institutions, such as Deutsche Bank and UBS Wealth Management. Ms. Azizova holds BBA in Finance and Investments from Baruch College, City University of New York and is also a member of Golden Key International Honour Society having held a Treasurer position there in the past.

Ms. Azizova shared her valuable expertise with students who welcomed her with great enthusiasm. During her lecture, students not only received comprehensive and practical analysis of the markets for currency derivatives, but also obtained essential information on how to build a successful career in international finance. Ms. Azizova also detailed the roles and goals of the world’s three largest rating agencies (S&P, Moody’s and Fitch Ratings) and their importance to the functioning of the international financial markets. She also delved into the types of debt instruments that are regularly rated by these rating agencies.

The hands-on lecture set the tone for a very engaging Q&A session where questions ranged from key elements and players of the recent global financial crisis to the future prospects of international rating agencies in Uzbekistan. As Ms. Azizova aptly remarked: “A few banks in Uzbekistan have already established a positive relationship with the rating agencies, - one of them being JSCB Hamkorbank’s partnership with Moody’s - and I firmly believe in success of such engagements”.

At the end of her speech, Ms. Maftuna Azizova wished well to future finance professionals and thanked them for their acumen. Likewise, students expressed their highest gratitude for a chance provided and as they put it, it was one of the most thought-provoking lectures which equipped them with “a baggage of priceless information and career motivation”.