The renewed emphasis on risk management in the financial services sector the world over is certainly topical, given some of the risk management challenges that financial institutions have faced over the past recent years. Recent market events have shown that a number of institutions have not maintained satisfactory risk management practices which has led to their collapse. (Enron, AIG, Lehman Brothers, Bear Stearns, etc)
Basel II evolved out of the need to ensure the financial soundness of banking institutions, to maintain stakeholders’ confidence in the solvency of the institutions, to ensure the stability of the financial system at large, and to protect depositors against losses. Recent global events have however called for an enhancement to Basel II.
This programme is designed to make participants understand the requirements of Basel II and proposed enhancements to it; identify the specific issues to be addressed under Minimum Capital Requirements as regards credit, market and operational risks; understand the general considerations on how to assess their institution’s capital adequacy in relation to its risk profile; as well as understand the need for corporate governance and market discipline.
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